Best Child Life Insurance Plans in India in 2025

Hema is a homemaker, and her husband works in a private limited company. The couple has been blessed with a baby girl, and they wanted to insure her life. However, they are facing trouble in choosing an insurance policy as there are several plans in the market. They decided to do a little research online and after comparing different plans on an insurance broker portal they were able to select a plan that satisfied their requirements.

Buying an insurance plan for a child involves several challenges because it should cater to the needs of parents. It should protect a child’s future from financial crunches during the absence of parents. However, one should choose the right company while buying a new insurance plan from the market. Those who want to select the best insurance plan for a child should keep focusing on the features, benefits as well as limitations to make an informed decision.

1. HDFC Life Youngstar super premium plan

Considered as one of the best child insurance plan in India, parents can select this plan because it comes with insurance coverage and investment options. Moreover, it is a unit linked insurance plan which is ideal for various phases of a child’s life, be it education, matrimony etc.. The main benefit of this policy is that it gives ways to customize the features accordingly. Moreover, the plan comes with four investment funds, thereby aiding in increasing the income to a great extent. Additionally, it pays 100% of the future premiums and charges 50% of premiums as annual income if the parent dies during the term policy.

2. ICICI Pru Smart Solutions

This unit-linked insurance policy aims to provide full protection to a child to ensure a safer future. Parents can invest in a policy as per the child’s progressing needs. Under this plan, a child will get a lump-sum amount benefit during an unfortunate incident. The duration of the policy is between 10-25 years making it a popular choice.

3. Bajaj Allianz Young Assure plan

Bajaj Allianz is one of the topmost insurance companies that offer the best insurance plans for children at affordable rates. In addition, it provides discounts for customers when they buy a plan with a higher sum assured amount. Another feature of this policy is that it offers add-ons to policy buyers, thereby showing ways to enhance the coverage. Apart from that, it allows a person to achieve his/her financial goals in life.

4. Max Life Shiksha Plus Super Plan

Max Life is a reputed insurance company in the market that provides insurance plans for a child with the best features. It offers coverage along with a child’s education. The policy offers maturity benefits at the end of the policy term. Parents are eligible to withdraw the amount partially when it comes to a financial emergency. Besides that, it comes with six fund options and adds additional units after the completion of the 11th year.

5. LIC’s New Children Money Back Plan 

LIC is a public insurance company that offers different types of plans for children at the best prices. The New Children Money Back Plan available from the company is the best policy for the child, which provides coverage for education, wedding, and other purposes. It even provides option of taking a loan in case of a financial emergency. An insured person will also get a survival benefit after a certain age.

6. Bharti AXA Life Child Advantage Plan

Bharti AXA is a leading insurance company in India that aims to satisfy parents’ needs when they want to buy a child plan. The life child advantage plan offered by the company comes with a built-in waiver premium benefit. Also, parents can buy this policy with money back and endowment options. The company makes feasible methods to buy the best child plan in India after choosing a policy term. Besides that, it gives ways to get the life insurance benefit in case of unfortunate death of parents.

7. Kotak Head Start Child Assure Plan

Kotak Head Start Child Assure plan comes with seven different fund options enabling a child to ensure high financial security in his/her life. The plan provides opportunities to create wealth for a child’s future based on the choices. It even offers a maturity benefit to a child to accomplish his/her goals.

8. Birla Sun Life Vision Star Plan

Birla’s Sun Life Vision Star plan is the best child policy in India which comes with death and maturity benefits. It pays accrued bonuses on the maturity date by addressing the exact needs. By selecting additional riders one can get a more comprehensive coverage. The plan offers regular pay-outs after five years of the policy term.

9. Aegon Life Rising Star Insurance Plan

Aegon Life Rising Star Insurance Plan is one of India’s best children’s insurance plans that comes with four different fund options. The plan offers partial withdrawal after the completion of 5 years. It offers financial security for a child’s education with triple benefit insurance coverage until he/she turns 25 years. Parents can pay an add-on premium in the form of top-ups.

The bottom line

Author Bio

Paybima Team

Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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