HDFC Child Plan Calculator

HDFC Life is one of the leading life insurers in the country. It features a host of online calculators in its official platform to make insurance planning easier for its customers. Specifically, its child plan calculator can be used by new parents to plan their child’s future from the comfort of their homes and without any hassle.

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Investing in your child's future:A wise decision & a loving choice
  • Insurer pays premium in case of loss of life of parent

  • Create wealth for child’s aspirations

  • Tax Free maturity amount+

  • 12+ plans available

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6.7 Crore
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Insurance Partners
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  • 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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Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
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We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

About HDFC Child Plan Calculator

The HDFC Child Plan Calculator helps you decide the premiums against the desired coverage under the chosen HDFC child insurance plan. The tool further gives you an idea about the affordability of the child plan along with opportunities to compare different options. 

HDFC Life also offers a Child Education Planner that allows parents to estimate their child’s cost of education and then save accordingly. This is done by taking into consideration the age of the child, the parent’s current savings, potential earnings, etc. This child education expense planning calculator can help you decide the amount that you should secure against inflation to give your child the best education. 

How Does The HDFC Child Education Planner Work?

The HDFC child education planning calculator estimates the amount needed to fulfill a child’s education cost. It uses the concept of future value to calculate the monthly investment required to recover the estimated cost of education. It factors in the current rate of inflation and the anticipated returns on your current investments to arrive at the required corpus. 

Let’s take a sample to understand the HDFC child plan calculator better. Let’s assume that you have a child aged 5 who would want to pursue his/her choice of field at the age of 20. You have estimated that the current cost of pursuing that field is Rs. 15 Lakhs, and you have managed to save Rs. 3 Lakhs towards it. At 5% inflation and an expected return of 8%, you will have to create a corpus of Rs. 16,62,615 in 15 years. This brings you to a monthly savings of Rs. 9236.75. 

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Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child View Plans
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child View Plans
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child View Plans
Standard T&C Apply *

Steps To Use HDFC Child Plan Calculator

The HDFC online child plan calculator is easily accessible on the company’s website and its official mobile application. You can plan the expenses of your child’s higher education such as graduation or post-graduation once (s)he turns 18. Here’s is a step-by-step guide on how to use HDFC Child Education Expense Planning Calculator. 

  • Visit the official website of HDFC Life. 

  • Under Tools and Calculators, click on HDFC Child Education Planner. 

  • You shall be asked about your child’s age. 

  • If you have already estimated the cost of education, fill that in along with the amount that you have managed to save towards it. 

  • Choose the rate of inflation and the rate of return on your investment. 

  • Based on the details provided by you, the calculator will display the monthly amount you would have to save to reach the estimated cost of education. 

  • If you haven’t already estimated the cost of education, you will be asked about the course your child might want to pursue, and your current savings to arrive at the results. 

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₹10,000/Month
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₹1 Crore*
*Standard T & C Apply

Benefits Of Using HDFC Child Plan Calculator

The benefits of using this calculator are manifold. Here is why you should consider using it instead of basing your purchase on an independent assessment. 

  • The child education planning calculator offers the accurate amount that you would require to save on a monthly basis. 

  • The tool helps you decide if you should strengthen your current monthly savings towards the estimated expenses. 

  • The results are displayed in an instant, saving you the time to visit a financial advisor. 

  • You can personalize the details as many times as you want from the comfort of your home. 

  • The tool is available for free and can be accessed by anyone with a device. 

  • It takes into account different aspects pertaining to each user to compute the most accurate sum required. 

  • Based on the displayed results, you can decide the insurance coverage if you happen to pass away without saving the required amount. 

  • You can further decide to invest in other financial instruments if there is still room for more expenses in your current savings.

People also read: Sukanya Samriddhi Yojana

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.
+Returns Since Inception of LIC Growth Fund
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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