Bajaj Allianz Child Plans

Bajaj Allianz is a leading insurance company in India that offers a variety of child insurance plans. These plans are designed to help you secure your child's financial future by providing them with a lump sum amount of money at maturity or in case of the policyholder's death. They also offer a number of other benefits, such as tax benefits, rider options, and more.

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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

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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What are Child Plans?

Child plans are financial products designed to help parents save and invest money for their children's future needs, such as education, marriage, or other major expenses. These plans offer a combination of investment and insurance features tailored to meet the long-term financial goals of parents for their children.

Bajaj Allianz Child Plans

Bajaj Allianz aims to empower parents to invest wisely and systematically for their children's education, marriage, and other milestones. The following are the plans offered by Bajaj Allianz:

  1. Bajaj Allianz Lifelong Assure

    Bajaj Allianz Lifelong Assure is a whole life insurance plan designed to offer financial security and guaranteed income throughout your life. Here's a breakdown of its key features:

    Guaranteed Benefits:

    • Guaranteed Cash Back: Receive a guaranteed cash back of 3% of the sum assured every year, starting from the end of your premium payment term and continuing until you turn 99 years old.

    • Cash Bonus (if any): You are eligible for cash bonuses declared by the insurer, starting from the 6th policy year and continuing until you turn 99.

    • Whole Life Coverage: The plan provides life cover up to the age of 100 years.

    • Guaranteed Death Benefit: In case of your unfortunate demise, your nominee will receive a death benefit, which can be as high as 300% of the sum assured, depending on the chosen premium payment term.

    • Optional Income for Nominee: Your nominee can choose to receive the death benefit in equal monthly instalments over a period of 5 or 10 years, providing them with a steady income source.

    Eligibility Details

      Minimum Maximum
    Entry Age 10 years 55 years
    Maturity Age - 100 years
    Policy Term (100 – age at entry) years
    Sum Assured Rs.1 lakh No limit
    Annual Premium Amount Rs.10, 811 No limit
    Premium Payment Term 10, 15 or 20 years
    Premium Payment Frequency Yearly, half-yearly, quarterly or monthly

    Minimum Premium

    Frequency PPT 10 PPT 15 PPT 20
    Yearly ₹18,303 ₹13,401 ₹10,811
    Half-Yearly ₹10,000 ₹8,500 ₹7,000
    Quarterly ₹5,500 ₹4,625 ₹3,875
    Monthly ₹2,000 ₹1,667 ₹1,417
    Maximum Premium: No Limit

    Investment Investment
    Secure Secure
    Child Banner
    Secure your child’s future with or without you
    Start Investing
    & Get
    ₹1 Crore*
    *Standard T & C Apply

    People also read: Child Education Plan

  2. Bajaj Allianz Young Assure

    Bajaj Allianz Young Assure is a traditional savings and investment plan designed to help you secure your child's financial future. It combines life insurance coverage with investment potential, offering a variety of features to suit your needs:

    Investment Benefits:

    • Low Premium Allocation Charge: Maximize your investment returns with minimal charges deducted from your premiums.

    • Choice of Investment Strategies: Select from two unique options:

      • Investor Selectable Portfolio: Choose from 14 different funds based on your risk appetite and investment goals.

      • Wheel of Life Portfolio: Benefit from a pre-defined portfolio that automatically adjusts based on your child's age and maturity date.

    • Flexibility:

      • Partial Withdrawals: Access a portion of your savings after the fifth policy year for unforeseen needs.

      • Change Payment Frequency: Modify your premium payment schedule (yearly, half-yearly, quarterly, or monthly) as needed.

    • Receive benefits in instalments: Choose to receive the maturity or death benefit payout over a period of up to five years in monthly, quarterly, half-yearly, or yearly instalments.

    • Riders: Enhance your plan with optional riders for broader protection:

    • Bajaj Allianz Accidental Death Benefit Rider

    • Bajaj Allianz Accidental Permanent Total / Partial Disability Benefit Rider

    • Bajaj Allianz Critical Illness Benefit Rider

    • Bajaj Allianz Family Income Benefit Rider

    • Bajaj Allianz Waiver of Premium Benefit Rider

    People also read: Bajaj Allianz Small Cap Fund NFO

    Eligibility Details

      Minimum Maximum
    Entry Age 18 years 50 years
    Maturity Age 28 years 60 years
    Policy Term 10, 15, 20 years
    Sum Assured 10 times the annual premium
    Guaranteed Maturity Benefit Rs.1 lakh No limit
    Annual Premium Amount Depends on the Guaranteed Maturity Benefit, age, term and the premium paying tenure
    Premium Payment Term 5 years 20 years
    Premium Payment Frequency Yearly, half-yearly, quarterly or monthly
Invest More Get More
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 *

Why Do You Need a Child Insurance Plan?

A child insurance plan is essential because it provides financial security for your child's future, especially in the event of your absence. It helps parents save systematically for their child's education, marriage, and other needs. With rising education costs and inflation, such plans offer a hedge against financial uncertainties. Moreover, they provide peace of mind to parents and often come with tax benefits. In short, a child insurance plan ensures a secure and stable financial future for your child.

How to Buy Bajaj Allianz Child Plans Through Policybazaar?

To buy a child plan from PolicyBazaar, follow these steps:

  • Visit the PolicyBazaar homepage and navigate to the "Personal" tab.

  • Click on "Child Plans" from the dropdown menu.

  • Fill out the lead form by providing your name and mobile number.

  • After filling out the lead form, click on the "View Plans" button.

  • Provide details such as your city, income, your age, and your child's age on the next page then click "Continue."

  • You will be directed to the quotes page, where you will find quotes from more than 10 insurers.

  • Next, choose the plan type based on the payment schedule – whether it's a one-time payout or a Monthly Payout Plan.

  • Select the plan that best suits your needs and click on "Get details". 

Following these steps will guide you through the process of purchasing a child plan from Policybazaar.

Frequently Asked Questions

  • Who is eligible to buy a Bajaj Allianz Child Plan?

    parent or guardian can purchase a plan for their child, typically within specific age ranges for both parent and child (check individual plan details).
  • What are the benefits of having a Bajaj Allianz Child Plan?

    • Financial security for your child in case of unforeseen events like your passing.

    • Systematic savings plan for their future goals like education or marriage.

    • Tax benefits on premiums paid and maturity proceeds (as per prevailing tax laws).

    • Additional riders for broader protection against critical illness, accidental death, etc.

  • What are the riders available with Bajaj Allianz Child Plans?

    Riders provide additional coverage for specific situations like critical illness, accidental disability, etc. Choose riders based on your needs and budget.
  • How to pay premium? What are the modes of payment available?

    You can pay premium from ANY of these approved methods



  • How can I check policy status for Bajaj Allianz child plans?

    As a registered user, you must log into Bajaj Allianz website with your valid User Id and password. On the homepage of your e-portal click “Policy Status” to know.
  • What is the policy renewal process for Bajaj Allianz child plans?

    You can authorize your premium payments online through Bill Junction service, available on the insurer’s website. You need to register yourself at Bill Junction and follow the policy renewal instructions.
  • What is the company’s process to settle claim for Bajaj Allianz child plans?

    Bajaj Alliance Life Insurance aims to provide faster claims settlement service. You must submit the valid documentation along with suitable claims form and submit it to the nearest branch in you city. Upon receiving the documents and processing it, your claims is settled within 30 days. The claim amount is directly deposietd in your bank account.

    However, if a claim settlement is delayed beyond 30 days, the company pays an 11% interest for every day's delay

  • What is the policy cancellation process for Bajaj Allianz child plans?

    Bajaj Alliance Life Insurance policyholders must attach all the relevant policy documents along with a duly filled surrender form at any of the branch locations in their city. The value of their refund will be calculated based on the current NAV value, if the documents are submitted before 3:00 PM, else the next day’s market rates will be applicable.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^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.
~Source - Google Review Rating available on:-
#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.

Child Plan


Child Plan


Secure your Child’s
Career Goal
Start Investing ₹10,000/Month
& Get ₹1 Crore*
*Standard T & C Apply
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Child Plan 2
Average Rating
(Based on 26 Reviews)

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Bajaj Allianz Child Plans Reviews & Ratings

4.3 / 5 (Based on 26 Reviews)
(Showing Newest 10 reviews)
Bavla, March 02, 2021
Protective layer
I have got the child insurance plan from the website of the policybazaar. It has been a protective layer for my child. I got this plan of bajaj Allianz. It has been a wonderful thing for me and for my child. Great work team.
Angara, February 19, 2021
Great plans at one place
I recently bought a child insurance plan of bajaj Allianz child plans and I checked this plan into the website of the policybazaar. I found this plan much innovative and into my budget. It is easy to secure my son’s future. Thanks.
Indore, July 15, 2016
Child Plan
The child plan i purchase from bajaj allianz life insurance. Policy premium is less but the returns are not. Service facilitate is fantastic and hassle free documentation. Policy coverage is high and claiming is easy to do because of fast service given by the company members.
Jhalawar, July 04, 2016
Child insurance Policy
Child insurance policy for my child is come in less premiums and coverage is good which covers all future planing for his life. Service provided is fast and online service easy to use for renewals and hassle free documentations too.
Adimali, June 29, 2016
Very Good
I got very good service
Pipili, June 27, 2016
I purchase child insurance plan which secure my child's future. The policy coverage is high and claims are easily sanctioned due to fast service of the company members. The hassle free documentation because of online service which is easy to access. Updates are also mailed to me regularly.
Kishangarh, March 23, 2016
My child have secure future because i buy him child policy plan from bajaj allianz life insurance. Premiums are low ~30 K thrice per year and the returns are around Rs.49 L. The executives are highly responsive with any query or anything. Nice terms and conditions. Good tax cutter also, I like the policy plan.
Lonavla, March 23, 2016
above average
The Child policy i have is above an average policy plan which i buy from bajaj allianz life insurance. The service providers doing there job very good and the web services are also working perfectly. The policy coverage and claims are high and the premiums are low.
Faizabad, March 23, 2016
Fair policy
I took bajaj allianz child insurance policy plan which has great benefits like the policy premium is low with high policy coverage about 81%. The claims are good and the return payback amount is around 47 L. Good policy with perfect services delivered by executives and staff members.
Kota, March 23, 2016
Best Policy Plan
I have bajaj allianz child insurance policy plan which has low premiums and the policy coverage is high 90%. The services are good with good behaviour of the company members. I must say the claiming is getting so easy because of you guys. Great job.
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