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 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