Child Plans

What is Child Plan?

Child Plan is insurance cum investment plan that serves two purposes – Financially secure your child’s future & finance the turning points in his/her life such as higher education and marriage. So, like a double-edged sword, the best child plan is designed to protect the future of your child in case of your unfortunate demise and at the same time, builds a corpus over a term to be utilized to finance prime moments in his/her life.

Child education plan gives you various benefits such as life cover, building a corpus for the child’s future needs and the option of adding specific riders.

Child Education PlansEntry age Maximum Maturity agePolicy Term Minimum Sum Assured
Aviva Young Scholar Advantage Plan21 – 45 years60  years10 year – 25 years10 times the annual premium
Max Life Shiksha plus plan21 – 50 years65 years10 years or 15 – 25 years10 times the annual premium
MetLife College Plan20 years – 45 years69 years12 year – 24 yearsRs. 2,12,040/-
SBI Life Smart Scholar18 years – 57 years65 Years8 years – 25 years10/7 times the annual premium (regular pay)
1.25times single premium (single pay)
Aegon Life EduCare Advantage Insurance Plan20 years – 60 years75 years14, 16 , 20 yearsRs. 1 lakh