Bajaj Allianz Child Plan Premium Calculator

Bajaj Allianz Child Plan Premium Calculator a good insight into the financial future of a child. The customer can make use of the online tool to calculate premium and sum assured. To help the user choose an appropriate plan, the insurer has an effective online term insurance premium calculator that helps customers choose the desired policy.

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Why should you use a Child Plan Premium Calculator?

Bajaj Allianz life has various insurance products customized for the needs of its customers. One such plan is the insurance plan for the children. Parents who dream of providing quality education to their children must consider purchasing a child insurance plan that aims to fund the higher studies of a child and safeguard his future. The premium rates can vary according to the chosen plans. The customer needs to have a clear idea of the plan.

Some of the reasons why one should use a child plan premium calculator are as follows:

  • The online calculator assists the policyholders in calculating the premium rates effortlessly. It is done by simply visiting the official website of the insurer.

  • The online tool helps the customers by suggesting the appropriate plan for the child’s future.

  • The premium calculator considers crucial factors such as inflation rates and interest rates before providing the final result.

  • The calculator also directs customers to specific budget-friendly plans, which depends on the customers' input.

The Process to use the Bajaj Allianz Child Plan Premium Calculator

Bajaj Allianz Child Plan Premium calculator is easy to use with interactive features. The online calculator is accessible on the insurer's official website. The customer needs to browse the menu and click on the tab named ‘tools and calculators’ under which the child plan calculator is displayed. The following are the steps to use the online calculator:

Enter the Child’s Name – The calculator prompts the customer to provide details of the child, such as name, gender, and age.

Choose the Approximate Cost of the Child's Goal – The customer can choose an approximate amount required to attain the child's milestones which could be financing the child’s education or marriage. The next step is to enter the duration by which the fund needs to be ready.

Choose the Suitable Policy Plan – The calculator displays the outcome where it shows the premium amount and the sum assured along with a suggested policy plan. The customer can recalculate the premium amount according to his monthly income and purchase the plan after finalizing it.

People Also Read: Bajaj Allianz Life Dynamic Asset Allocation Fund

Advantages of Bajaj Allianz Child Plan Premium Calculator

The child plan premium calculator provides the customer with deep insights such as the amount to be saved, the number of years to be considered, the inflation rate, etc., in calculating the premium. Some of the benefits of the Bajaj Allianz Child Plan Premium calculator are as follows:

  1. Evaluates the Premium Amount

    The online premium calculator with its enhanced features helps the customer computing the premium amount required to secure a child's future. The child plan calculator clears the customers' dilemma in choosing the best plan that suits their monthly income.

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  2. Saves the Policyholders Valuable Time

    The policyholder gets reliable and updated information by visiting the official website of the insurer. The user can also use the insurer's mobile app to calculate the premium at ease. The customers also have the luxury of engaging and following the insurer's social media page for important information related to the policy plan.

  3. Online Solution Provided at No Cost

    The child plan calculator is available for free with minimal errors. The child's plan premium can be calculated quickly and efficiently with a mouse click. It saves a lot of paperwork, and the formalities of visiting the branch office are considerably reduced, making it a stress-free option for the policyholders.

    Other key advantages include multiple premium payment and policy term options, ensuring that the child is taken care of during essential milestones such as education and marriage.

    The policy also provides special rates for female policyholders. The child plan also ensures comprehensive coverage in case of death or accidental disability.

Information required while using Bajaj Allianz Child Plan Premium Calculator

 The policyholders need to provide mandatory information such as the child's name, age, and financial goals. Some of the information is as follows:

  • The customer needs to provide basic details such as the child's name, gender, age, and the sum assured for the child’s future.

  • The calculator can also prompt other details such as marital status, children, and other loved ones.

  • If the customer is using a mobile app of the insurer, then he/she must provide the registered mobile number to make optimal use of the online calculator.

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Core Benefits of buying Bajaj Allianz Child Insurance Plan

The child insurance plan helps to plan and prepare the child's milestones such as education and marriage. The cost of providing quality education has increased over the years, and a child's plan is essential in shielding the child's future. Some of the benefits of buying the Bajaj Allianz child plan are as follows:

  1. Maturity Benefit

    The maturity benefit is calculated by adding the guaranteed maturity benefit with the vested bonus, interim bonus, terminal bonus, and also the guaranteed additions. The person will receive the maturity benefit as a cash installment as per the chosen option at the time of inception. The customer can also choose to receive the maturity as a lump sum at the policy term-end.

  2. Death Benefit

    The child plan shields the child's future from unfortunate events such as the parent's sudden demise. In this scenario, the child will receive policy benefits to find his/her education even in her parents' absence.

  3. Accidental Permanent Total Disability Benefit

    Suppose the policyholder has no dues left to pay. In that case, the Accidental Permanent Total Disability benefit will get added to the completely paid-up policy accruing guaranteed additions, terminal as well a vested bonus. The maturity benefit will be paid when the policy term ends.

  4. Path to Prosperity

    The policyholder can use the child insurance plan to become prosperous. Premium paid in a disciplined manner for extended periods will grow and multiply exponentially. The customers can take advantage of the magic of compounding to generate ample cash that they can use productively to benefit their children and their loved ones. The child's plan is a risk-free investment and provides excellent returns at no risk, as it is not linked to the markets' volatility.

  5. Preparatory for Milestones

    A parent who dreams of sending his child abroad to pursue his higher studies needs to prepare sufficient corpus to finance his educational needs such as admission fee, hostel fee, etc. The best way to overcome the anxiety of meeting the child’s educational expenses is by investing in a child's insurance plan at an early age. The policyholder can also deploy the benefits of the plan for the marriage of their child.

  6. Flexible-Premium Payment

    The customer can pay the premium amount in four different ways. The customers can choose to pay their premium yearly, which requires one-time payment during the year or choose to pay small amounts throughout the year as per their convenience. For instance, the policyholder can choose to pay the premium half yearly, meaning twice a year, or he/she can choose to pay smaller amounts quarterly. Finally, the customer also has an option to pay the premium monthly, depending on his income.

  7. Tax Benefits

    Bajaj Allianz child plan has tax benefits for the premium paid, maturity benefit, and death benefit. The customer can avail of the tax benefits as per the existing tax laws.

    *Tax benefits are subject to change as per tax laws

Bajaj Allianz Child Plan Premium Rates

Bajaj Allianz child plan is a savings cum investment plan that removes worries related to a child's financial goals. The plan comes at a very favourable rate, and it is the customer's responsibility to ensure that the policy he/she chooses is goal-oriented. The customer must also remember to consider his monthly income before purchasing a plan of his/her choice. The child plan calculator helps the customers estimate the premium amount and the recurring premium payment to ensure that the policy is within the budget earmarked for the child’s policy. The premium rates vary with the gender and the age of entry.

  • Premiums are given at an affordable rate for female policyholders (*Standard T&C apply)

  • It ensures that working women and single mothers are accommodated in the policy plan.

  • Applicants who are younger college students are given lower premiums considering their potential to contribute in the long term. (*Standard T&C apply)

  • Policyholders with higher premiums are given rebates (*Standard T&C apply)

  • The policy plan, which involves frequent premium payment are also given better rates (*Standard T&C apply)

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

About Bajaj Allianz Life Insurance Company Limited

Bajaj Allianz Life Insurance Company Limited is a major private player in the insurance business. The company is co-owned by Bajaj Finserv Limited, a non-banking financial institution, and Allianz SE, a global asset manager and insurer. The company offers state-of-art services to improve customer experience. The company expanded across the country in two decades and boasted of serving millions of customers countrywide. The company has a robust online sales channel through which it engages with its customers. The company provides a variety of insurance plans for both young and the old alike. Customers who want to know more about the plans' premium rates can utilize the online calculator on the insurer's official website.

Frequently Asked Questions

  • What is a child plan?

    A child insurance plan is a savings cum investment plan which generates wealth and creates sufficient funds for the child's milestones such as education and marriage. The child's plan is designed to pay a lump sum to the life insured after a given time. The life insured can also opt for periodic payments to ensure that the child’s future goals are met without any financial hurdles.
  • What are the two critical milestones in a child's life?

    The two most important milestones in a child’s life are education and marriage. A parent must carefully plan the child's education as access to top-class education is a costly affair. The policyholder can invest in a child’s plan and ensure that his child gets the best education without going through financial strain. Similarly, one can quickly meet a child's marriage expenses by investing in a child plan at an early stage of his life.
  • What are the different types of child plans available to the customers?

    There are several plans available in the market for planning a child’s future. The two most widely popular plans are child ULIP plans and child savings plans.
  • What are Child ULIP Plans?

    It is a unit-linked plan where the insurance product is linked to the market. The advantages of the Child ULIP Plan are that it shields the child and the spouse from unfortunate events such as the life insured's death. It also provides market-based returns as the premium paid by the policyholder is invested in market-linked instruments.
  • What are the key benefits of investing in a Child ULIP plan?

    Some of the key benefits of investing in a Child ULIP plan are as follows.
    • The customer can choose the fund he would like to invest in. If the customer is a conservative investor, then he can allocate a large portion of money in debt funds; on the other hand, if the customer has a risk appetite, then he/she can allocate his money in equity funds for higher returns.

    • The policyholder can avail of tax benefits as per income tax law. The ULIP returns are tax-free.

    *Tax benefits are subject to changes according to Income Tax Law.

  • What is a Child Savings Plan?

    It is an insurance plan that provides life cover and savings components to the policyholder. The money is invested in low-risk assets such as government bonds and fixed deposits to reap steady and risk-free returns.
  • What are the key advantages of investing in a Child Savings Plan?

    Some of the advantages of investing in a child savings plan are as follows.
    • It is a non-linked product which makes it a risk-free investment.

    • It is a life cover cum savings plan where the child's future is protected In case of the life insured's sudden death.

  • When do maturity benefits arise?

    The maturity benefits under the policy after the completion of the policy.
  • What is the minimum entry age of the child insurance plan?

    The age limit for a Child Insurance Plan is 18 to 65 years of age.

*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.
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#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.

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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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