Invest in your child's dreams with our comprehensive child plans that provide financial security for their education, marriage, and other important life milestones.
Our child plans are designed to help you finance important milestones in your child's life
Ensure your child receives quality primary and secondary education without financial constraints.
Fund undergraduate, graduate or specialized education in India or abroad with adequate financial planning.
Provide financial backing for entrepreneurial ventures or career establishment costs.
Plan ahead for wedding expenses and starting a new chapter in your child's life.
Choose the perfect plan to support your child's growth journey
Discover the unique advantages that make our child plans stand out
In case of the policyholder's untimely demise or disability, all future premiums are waived while benefits continue as planned.
Learn moreReceive lump sum or staggered payouts aligned with your child's educational and other milestone needs.
Learn moreEnjoy loyalty additions and wealth boosters that enhance your corpus the longer you stay invested with us.
Learn moreGet tax advantages under Section 80C for premiums paid and tax-free maturity benefits under Section 10(10D).
Learn moreOption to assign a trusted guardian to manage the funds in case of unforeseen circumstances.
Learn moreChoose from various premium payment terms and options to suit your financial capabilities.
Learn moreThe ideal time to start a child plan is as early as possible, preferably right after your child's birth. This gives your investment the maximum time to grow through the power of compounding. However, you can start a child plan anytime before your child reaches their late teens to help fund their higher education and other milestone expenses.
Child plans are specifically designed with features that protect your child's future even in your absence. Unlike regular investment plans, child plans typically come with premium waiver benefits that ensure the plan continues even if something happens to the parent/policyholder. Additionally, child plans often have structured payout options aligned with educational milestones and other specific needs of children.
Most of our child plans offer partial withdrawal facilities after a lock-in period (typically 5 years). These withdrawals can be made for specific child-related expenses like school admission fees or other educational needs. However, we recommend limiting withdrawals to preserve the long-term growth potential of your investment.
Yes, child plans offer significant tax advantages. The premiums paid qualify for tax deduction under Section 80C of the Income Tax Act (up to ₹1.5 lakhs annually). Additionally, the maturity proceeds or withdrawals from these plans are generally tax-exempt under Section 10(10D), subject to certain conditions.
Our child plans come with a grace period (typically 30 days) during which you can pay the premium without any penalty. If you miss payments beyond the grace period, the policy may lapse or become paid-up with reduced benefits. However, you can reinstate most lapsed policies within a specified period by paying the outstanding premiums with applicable interest.
Schedule a free consultation with our investment advisors to get started.
