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 Plans | Entry age | Maximum Maturity age | Policy Term | Minimum Sum Assured |
| Aviva Young Scholar Advantage Plan | 21 – 45 years | 60 years | 10 year – 25 years | 10 times the annual premium |
| Max Life Shiksha plus plan | 21 – 50 years | 65 years | 10 years or 15 – 25 years | 10 times the annual premium |
| MetLife College Plan | 20 years – 45 years | 69 years | 12 year – 24 years | Rs. 2,12,040/- |
| SBI Life Smart Scholar | 18 years – 57 years | 65 Years | 8 years – 25 years | 10/7 times the annual premium (regular pay) 1.25times single premium (single pay) |
| Aegon Life EduCare Advantage Insurance Plan | 20 years – 60 years | 75 years | 14, 16 , 20 years | Rs. 1 lakh |
