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Securing your Child's Future with a Child Plan

Secure child future with child plan

Every Parent works to give their child the best possible future, it could be planning for their higher education or investing in their interest or gathering funds for their marriage. With rising inflation rates, investing correctly to ensure you have a good corpus fund when you need it is critical. This calls for a savings strategy that specifically focuses on your child. A child insurance plan is one of the most effective way to keep your child's future secured even when you are not around.

The plan functions by investing the premium you pay in order to give you the sum assured on the maturity date you've selected. This money can be used to fund an expensive degree abroad, starting up a business or anything else that your child may need in the future.

Apart from the sum assured here's what the plan will give you

  1. Systematic investments

    The key to saving enough to meet your financial goals is to be systematic with your investments. Child plans help you get into the habit of saving regularly for your child. The policy is much like an insurance and wealth enhancement tool. All you must do is pay a specific premium amount for a certain period and received returns on it. For the plan to give you the desired results, you need to make the premium payments in a timely fashion. These savings are secluded to ensure the future of your child is not at risk.

  2. Death Benefit

    In case of an eventuality, your child's future could go for a toss. Hence, child plans provide the nominee of the policy a death benefit in case of the unfortunate death of the policy holder. This sum ensures your child is financially secured. These plans offer the nominee a certain percentage of the sum assured at regular intervals and pay out a lump sum amount at the time of maturity. In case of death of the policy holder, the company waives off the insurance premiums as well.

  3. Customized Plans

    Child plans let you customize the policy as per your requirement. You can choose the tenure for the plan, the sum assured you want and the premium payment method. This lets you plan your finances accordingly and ensures you save as required.

  4. Choose your plan maturity date

    The flexibility offered by child plans is evident by the fact that you can choose the maturity date of the plan. So, you either opt to get the benefit around the time your child completes his basic education and needs funds for a higher degree or after his/her studies to help them establish their own business, or even their marriage. But remember to keep your finances in mind when deciding a maturity date.

  5. Tax benefits

    You may avail of the tax benefits on the premiums paid and the benefits received as per the prevailing tax laws under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. The tax benefits are subject to change as per change in tax laws from time to time.


The article is meant to be general and informative in nature and should not be construed as solicitation material. Please read the related product brochures for exclusions, terms and conditions, warranties, etc. carefully before concluding a sale

Suggested Plans

Bharti AXA Life Smart Invest Guaranteed Plan

  • A Non-Linked, Non-Participating, Life Insurance, Individual Savings Product
  • Guaranteed Financial Returns (Provided policy is in force and all due premiums have been paid)
  • Option to choose from 2 plan variants
  • Flexibility in Policy Term/Premium Payment Terms

Bharti AXA Life Shining Stars

  • Non-linked, non-participating limited pay endowment Life Insurance plan
  • Designed to take care of the financial needs of your child.
  • Flexibility to opt between 2 Maturity Payout Options
  • Flexibility in Policy Term/Premium Payment Terms
  • A great short-term investment option for a child insurance policy.

Bharti AXA Life Flexi Term Pro

  • A Non-linked, Individual, Non-participating Pure Risk Premium Life Insurance policy
  • The plan offers two options: Without Return of Premium and With Return of Premium
  • Under the Without Return of Premium variant, you have the option between Single Life cover or Joint Life Cover i.e., cover for your spouse under the same policy.
  • Flexibility in policy and premium payment terms