Children's Endowment Policy

A children's endowment policy is a life insurance plan that supports parents in planning a promising future for their child. Children's endowment policy covers all those expenses that will incur in the future, such as the child's education, wedding, and other significant costs. Upon the maturity of the Children's endowment policy, the child gets benefitted from this plan at the occurrence of the events.

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Build wealth forFuture Financial Needslike child’s education
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

Nothing Is More Important Than Securing Your Child's Future

Invest ₹10k/month your child will get ₹1 Cr Tax Free*

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Let's discuss more aspects of the Children's endowment policy.

Benefits of the Children's Endowment Policy

A Children's endowment policy guarantees you certain benefits on its maturity. Some of the features are listed below:

  1. A Secure Future for your Child

    Through the Children's endowment policy, you can ascertain your ward's financially secure future. It is an affordable child insurance policy that you might avail to provide a better future for your child. Even in case of an unfortunate event, it will help your child with his education, wedding, and other expenses. Moreover, it is a life insurance policy, hence, it will pay a lump sum to your child on your death.

  2. Tax Benefits

    A Children's endowment policy helps you avail of tax benefits under the Income Tax Act 1961. Here are some of the tax benefits of the Children's endowment policy.

    • Section 80C: All the premiums you pay against the Children's endowment policy will enable you to avail of tax deductions. You may claim a deduction of up to 1.5 lakhs from your taxable income. 

    • Section 10(10D): All the benefits, such as maturity, death, and income of a Children's endowment policy, will be exempted from tax. 

    • Section 80DD: If the child suffers from a critical illness, their parents may avail of a 33% tax deduction against the expenses related to child treatment. Further, a deduction of 40% and 80% can also be claimed against the costs of minor and major disabilities. 

  3. Flexible Terms

    The policyholder can opt for various tenures available under the children's endowment policy. For example, you may opt for any terms between 12 to 25 years. In addition, the term of premium payment is flexible and can align with your financial goal. Hence, it would help if you considered buying the children's endowment policy. 

Mistakes to Avoid While Purchasing a Children's Endowment Policy

There are various myths that might affect your decision while planning the future of your child. Helping your child meet his financial goals is a practical choice you should make. It is essential for you to burst these myths, and there should be no place for any confusion or dilemmas while planning your child's future. Hence, consider avoiding the following myths to buy the children's endowment policy.

  1. Avoid Wondering if the Children's Endowment Policy will Only Cover Educational Expenses.

    In India, people believe that the children's endowment policy only focuses on education. Many insurance players also urge consumers to buy a policy by highlighting education coverage. However, this is not the case. A children's endowment plan not only covers education costs but also aids in creating wealth and support in beating inflation. The children's endowment plan also covers some other financial goals. The policyholder has no limitation on using the money for specific goals. The funds can be used for any expenses for the future of a child.

  2. Stop Worrying About the Lock-in Period in the Children's Endowment Policy.

    A children's endowment plan has a flexible period. It has a fixed tenure depending on the plan that you choose. The policy term for this plan can vary from 5-25 years. So you may choose any plan based on your goals. Further, the children's endowment plan provides the policyholder with the privilege of partial withdrawal and grant loan facilities. In addition, the interest you pay on a loan would be exempted from tax under section 80E of the Income Tax Act, 1961.


A children's endowment policy is a significant step toward securing the future of your child by fulfilling financial goals. A children's endowment policy is not limited to a child's education. It also covers several other expenditures a child might face in the future. Hence, you must consider purchasing the children's endowment policy for your child. 


  • What is a children's endowment policy?

    The children's endowment policy is the type of life insurance plan that helps parents save funds for their child to meet their future requirements. It comes with dual benefits. It provides life insurance coverage along with guaranteed returns. 
  • Why should you consider investing in a children's endowment policy?

    A children's endowment plan helps in a significant way to secure the future of your child. It can support your child in higher education, fund their marriage or help achieve a similar financial goal. Under sections 10(10D) and 80C of the Income Tax Act 1961, the children's endowment policy helps in tax deduction. In addition, if your child wishes to begin a start-up, the fund from this policy will help accomplish the same. 
    Hence, considering the benefits mentioned above, you must invest in this policy to provide a better future for your child. It is preferable if you invest your money at your child's young age. 
  • Does the children's endowment plan allow for partial withdrawal?

    Yes, the children's endowment policy allows for partial withdrawal in case the policyholder wishes to withdraw after a specified period. For example, you might need the funds before the maturity period of your plan. This allows you to have partial withdrawal in intervals.

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