HDFC Child Double Benefit Plan Calculator

HDFC Life has various plans that serve people of all age groups starting from children to people planning their retirement. Its child savings plans offer double benefits in the form of life insurance protection and creating a corpus for the child’s future. With the HDFC child double benefit calculator, customers get to first calculate the benefits and premium and then purchase their desired policy. 

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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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Why Should You Use HDFC’s Child Double Benefit Plan Calculator?

A child plan calculator is an online tool that helps the policyholder analyze the different types of plans available before buying one. When we talk about HDFC Child Double Benefit plan calculator, it helps you calculate the premium for financing the child's future needs related to education, marriage, etc.

The online child plan calculator considers various factors such as interest rates, inflation rate, and the child's current age before calculating the premium rate. The online tool also informs the user about the amount of life cover needed and the total amount that the customer would receive at the end of the policy term.

Here are reasons why you should use a Child Plan Calculator -

  • The child plan calculator helps the customer compute the premium rate required to meet the child's milestones.

  • It helps the customer to assess the risk involved in choosing a suitable plan. The customer with a risk appetite can choose a unit-linked plan, whereas the conservative one can select a savings or a term plan as per one's choice.

  • The customer can recalculate using the child plan calculator and finalize a premium rate that is affordable for him/her in the long term.

  • The child plan calculator also allows customers to include riders and see how the premium and the benefit amount changes.

  • The HDFC Child Double Benefit Plan Calculator gives a clear idea about the guaranteed additions as well.

How to Use the HDFC Child Double Benefit Child Plan Calculator?

The calculator for HDFC Life child plans is designed to be customer-centric. It is easy to use and accessible online by the users on the insurer's official website and mobile app. The process to use the child plan calculator is as follows:

  • Fill the online form with personal details.

  • The calculator will prompt the user to provide the essential details such as the name, date of birth of the policyholder, age of the policyholders' child, dependents.

  • It may also ask the customer if he/she has any smoking habits. Plans may require the customers to reveal their NRI status.

  • The customer is redirected to a page where he/she needs to enter the sum assured.

  • The policyholder is then given the estimate of the premium rate based on the policy term and the premium payment terms chosen.

Information required while using HDFC Child Double Benefit Plan Calculator

The policyholder needs to have some basic details handy to utilize the calculator effectively. Some of the mandatory information required by the child plan calculator are as follows:

  • Names and DOBs of the child and parent

  • Goal of investment

  • Sum Assured

  • Policy term

  • Premium paying term

  • Premium paying frequency

  • Fund option in case of ULIPs

Why Buy the HDFC Child Double Benefit Insurance Plan?

Some of the benefits of buying a child plan are as follows.

  1. Death Benefit

    • If the life insured has died due to unforeseen events, the life insured's nominee will get the death benefit along with guaranteed additions and bonuses.

    • Under the Classic Waiver Death Benefit Option, the company will waive all future outstanding premiums under the policy. The payouts will continue as scheduled as per the policy term.

  2. Maturity Benefit

    The maturity benefit has three options which are given as follows.

    • Aspiration - Lump sum on maturity

    • Academia - Five-year payouts comprising 15% of the sum assured every year for the first 4 years and 30% of the sum assured in the 5th year.

    • Career – 15% of the sum assured every year for the first 5 years and 40% at the time of maturity.

  3. Guaranteed Additions

    The plan gives the policyholders an option for additional boosters if the premium payment term is 10 years or more.

Eligibility conditions to use the HDFC Child Double Benefit Plan Calculator

The HDFC child double benefit plan is a savings cum life cover plan available to the customers at a competitive rate.

  • The entry age is based on the maturity benefit availed by the policyholder.

  • The entry age to avail of the aspiration maturity benefit is 0 years.

  • The entry age to avail of the Academia or career maturity benefit is eight years.

  • The entry age to avail of all three options is 18 years.

  • The minimum policy term is 15 years with a maximum of 25 years.

The customer can choose from two policy payment terms – 7 years or 10 years.


  • Q1. What is a child insurance plan?

    Ans: It is a structured scheme that allows parents to save systematically to meet a child's milestones such as education and marriage. It comes with insurance protection for the parent or the child.
  • Q2. What are the types of child insurance plans?

    Ans: There are three types of insurance plans for children. The company offers a ULIP plan, savings plan, and capital guarantee solutions.
  • Q3. What is the child's ULIP plan?

    Ans: It is a unit-linked plan which offers market returns to the policyholders. The customer can choose to allocate funds to equity and debt instruments according to his/her risk appetite.
  • Q4. What is the child's savings plan?

    Ans: It is a risk-free insurance product where the customers' money is invested in savings. It provides life cover, maturity benefits, and tax benefits to the investor. It is not linked to the market and offers steady returns to the policyholder.
  • Q5. What are the documents required for child insurance plans?

    Ans: The customer must have the following documents to purchase a child insurance plan.
    • The customer must have proof of address such as a valid passport, and a valid driving license.
    • The policy form is mandatory as it contains essential information such as the details of the plan and policy terms opted by the customer.
    • The parents whbuy a child insurance plan must submit proof of income, such as a salary certificate.
    • The customer must alshave a PAN card for tax-related details.
    • The customer must alssubmit proof of age which requires a valid passport, a birth certificate, or the educational mark sheets.
  • Q6. When is the right time to buy a child insurance plan?

    Ans: It is recommended to start early for the welfare of the child. The plans with a longer time horizon give more significant returns.

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