Edelweiss Life Child Plan

Edelweiss Life Child Plan is a comprehensive solution that focuses on long-term financial stability and offers a combination of protection and savings tailored to meet the evolving needs of your child. This reliable and flexible investment plan from Edelweiss Life helps you prepare for your child's education, milestones, and beyond.

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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

In-built life cover
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 is Edelweiss Life Child Plan?

Edelweiss Child Plan is a financial solution plan with ULIPs (Unit Linked Insurance Plans) and Guaranteed Return Plans that can be used for child savings and investment purposes. These plans offer a combination of life insurance coverage and investment, which can help you secure your child's future financially.

Features of Edelweiss Life Child Plan

  • Life Cover: Plans provide financial security for parents. If parents pass away, a sum is given to the child for their future.

  • Investment Flexibility: ULIPs offer various investment funds, allowing customization based on risk tolerance and investment objectives.

  • Wealth accumulation: Invest a portion of your premium in chosen funds, aiming to grow a corpus for your child's future needs like education or marriage.

  • Guaranteed Returns: Certain plans ensure fixed returns on the invested sum, offering stability to the child's savings.

Benefits of Edelweiss Life Child Plan

  • Maturity Benefit: When the plan matures, the saved funds are handed over to the child. This money can be used for their education, marriage, or other necessities.

  • Additional Riders: Many plans include optional add-ons like accidental death benefits, critical illness cover, and a premium waiver for added protection and benefits.

  • Tax Benefits: Enjoy tax benefits under sections 80C and 10(10D) of the Income Tax Act, 1961.

  • Additional Benefits: Avail features like riders for enhanced coverage and bonuses for added advantages.

  • Peace of Mind: Rest assured, knowing that your child's future is secure with Edelweiss Life Child Plans.

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

List of Edelweiss Life Child Plans

Edelweiss Life Insurance offers several Unit Linked Insurance Plans (ULIPs) and Guaranteed Return Plans that can be tailored to meet the needs of children. Let us learn their details from the table mentioned below:

Edelweiss Life Child Plan Entry Age Maximum Maturity Age Premium Payment Term (PPT) Policy Term (PT) Minimum Premium (in Rs.) Tax Benefits u/ IT Act, 1961
Edelweiss Life EduSave Plan 18 - 45 years 60 years Regular: Same as PT;
Limited: 5/10 years
10 – 30 years ₹24,000 Section 80C and Section 10(10D)
Edelweiss Life Wealth Ultima 0 – 17 years 18 – 70 years 5 years to 30 minus (-) Entry Age 100 years minus (-) Entry Age ₹48,000 Section 80C and Section 10(10D)
Edelweiss Life Total Protect Plus (Life Cover Option) Minimum: 18 years;
  • Limited: 65 years;
  • Regular: 55 years
28 - 100 years Regular: Same as PT;
Limited: 5/7/10/15/20 years
Regular/10/15/20/25 years;
100 years minus (-) Entry Age
₹3,000 Section 80C and Section 10(10D)
Edelweiss Life Wealth Plus 1 - 55 years 18 - 70 years 5 years to PT minus (-) 1  10 – 20 years ₹48,000 Section 80C and Section 10(10D)
Edelweiss Life Wealth Secure Plus Option 1: 0 – 50 years
Option 2: 0 - 60 years
Option 1: 18 – 70 years
Option 2: 100 years
Regular: Same as PT;
Limited: 5 years to PT minus (-) 1 years
Option 1: 5 – 25 years
Option 2: 100 years minus (-) Entry Age
₹24,000 Section 80C and Section 10(10D)
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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 *

Details of Edelweiss Life Child Plan

  1. Edelweiss Life EduSave Plan

    Edelweiss Life EduSave Plan is a non-linked participating endowment assurance plan that is designed to help you save for your child's education and provide financial security in case of your unfortunate demise.

    Features of Edelweiss Life EduSave Plan:

    • Guaranteed Maturity Benefit: Assured lump sum payout at policy term conclusion, regardless of market performance.

    • Death Benefit: A sum assured is provided to the nominee upon the policyholder's demise during the term. The future premiums are waived; accrued bonuses are paid with maturity benefits.

    • Flexibility in Maturity Payout:
      • Lump sum payment

      • Instalments over 5, 10, or 15 years

      • Lump sum with income benefit for 5, 10, or 15 years

      • Increasing income benefits for 5, 10, or 15 years

      • Lump sum with increasing income benefit for 5, 10, or 15 years

    • Riders: You can customize the plan with optional additions like accidental death benefit, critical illness benefit, and premium waiver rider.

    People also read: Sukanya Samriddhi Yojana

  2. Edelweiss Life Wealth Ultima

    Edelweiss Life Wealth Ultima is an insurance plan that combines wealth accumulation and life cover. It is designed to help you achieve your long-term financial goals, such as retirement planning or child education.

    Features of Edelweiss Life Wealth Ultima:

    • Guaranteed Bonuses: Edelweiss Life Wealth Ultima Plan guarantees bonuses added to your policy value as time progresses, enhancing your returns.

    • Loyalty Rewards: By remaining invested for a longer duration, this plan rewards you with loyalty bonuses, further boosting your returns.

    • Premium Benefits: Timely payment of premiums earns you booster additions, accelerating your wealth accumulation journey.

    • Child Support: Opt for our Little Champ Benefit rider to provide extra financial assistance for your child if you pass away during the policy period.

  3. Edelweiss Life Total Protect Plus

    Edelweiss Life Total Protect Plus is an all-inclusive term insurance plan that provides comprehensive protection for you and your family under a single plan. It offers financial coverage for the spouse as well as the child.

    Features of Edelweiss Life Total Protect Plus:

    • Life Cover: Protect your loved ones with our plan's death benefit, offering coverage ranging from ₹10 lakhs to ₹2 crores.

    • Spouse Cover: Extend the protection to your spouse with our Better Half Benefit option. In the event of your demise, their coverage continues without future premiums, ensuring financial security.

    • Child Cover: Safeguard your child's future by adding a rider to the plan, ensuring they receive a sum assured in case of your unfortunate passing.

    • Riders: Enhance your coverage with optional riders such as Accidental Death Benefit, Accidental Disability Benefit, Critical Illness, and Hospital Cash Benefit, providing additional financial security in various circumstances.

    People also read: Sukanya Samriddhi Yojana Calculator

  4. Edelweiss Life Wealth Plus

    Edelweiss Life Wealth Plus is a Unit Linked Insurance Plan (ULIP) that offers a combination of life cover and investment opportunities. It provides a life cover to protect your family in case of your unfortunate demise while also allowing you to grow your wealth through investments in a variety of funds.

    Features of Edelweiss Life Wealth Plus:

    • Investment Options: Select from various strategies tailored to your risk tolerance and financial objectives, including self-managed and pre-set options.

    • Annual Boost: Every year, your investment receives an extra boost, starting at 1% and gradually escalating to 3%, 5%, and 7% every five years.

    • Flexible Fund Switching: Easily switch between funds as needed to adapt to market changes and refine your investment portfolio.

    • Rising Star Benefit (optional): This rider offers an additional lump sum benefit for your child and waives future premiums if you pass away during the policy term.

    • Optional Riders: Enhance coverage with add-ons like accidental death benefit, critical illness rider, and premium waiver rider.

  5. Edelweiss Life Wealth Secure Plus

    Edelweiss Life Wealth Secure Plus is a Unit Linked Insurance Plan (ULIP) that offers a combination of investment and insurance benefits. It is a non-participating, individual plan that is designed to meet your long-term financial goals.

    Features of Edelweiss Life Wealth Secure Plus:

    • Investment: You can invest in a variety of funds to grow your wealth. The plan offers a choice of two investment strategies:

      • Auto allocation: The insurance company allocates your premiums across different fund options based on your chosen risk profile.

      • Self-direction: You can choose to invest in any of the available fund options based on your investment goals and risk appetite.

    • Guaranteed maturity benefit: You are guaranteed to receive at least 100% of your sum assured on maturity, irrespective of the performance of the fund. This provides you with financial security at the end of the policy term.

    • Riders: You can opt for additional riders to enhance your coverage, such as accidental death benefit rider, critical illness rider, and waiver of premium rider.

Summing It Up

The Edelweiss Life Child Plan offers comprehensive financial protection and growth opportunities for securing your child's future. With its customizable features and benefits tailored to meet the evolving needs of children, it serves as a reliable investment plan for parents seeking to ensure a bright and secure future for their loved ones.


  • Does Edelweiss Life offer child insurance plans?

    Not specifically. Edelweiss Life does not offer plans specific to children. However, it offers ULIPs and savings plans with features suitable for a child's future needs.
  • What are the ULIPs with child-focused features?

    Edelweiss Life offers ULIPs like Wealth Secure Plus and Wealth Secure+. These plans offer flexibility in premium payment, investment options, and optional riders like Child Future Protect, which provide additional life cover for your child.
  • What are the benefits of Edelweiss Guaranteed Return Plans for children?

    Plans like Saral Jeevan and Sampoorna Samridhi provide guaranteed returns along with life cover. These are good options for those seeking assured maturity benefits for their child's future needs.
  • Do these plans offer joint life cover for parents and children?

    Yes, some plans like Wealth Secure Plus allow choosing a joint life or joint life + child cover option. This ensures financial security for the child even if one parent is no longer there.
  • Can I withdraw funds from these plans for child-related expenses?

    Most plans allow partial withdrawals after a specific lock-in period. However, conditions and limitations may apply depending on the plan and chosen riders.
  • What are the tax benefits associated with these child plans?

    Premiums paid towards these plans qualify for tax deductions under Section 80C of the Income Tax Act. Additionally, some plans offer maturity benefits exempt from income tax under certain conditions.
  • How to pay a premium? What are the modes of payment available?

    Edelweiss Life offers two basic modes of premium payment, which further come with the following options:
    • Online Mode
      • Debit Card payment
      • Payment through standing instructions or credit card
      • Net Banking
    • Offline Mode
      • Through ECS facility
      • IVRS
      • Money Order
      • Cheque/DD

    You can pay offline by visiting the nearest branch in your city.

  • How can I check the policy status for Edelweiss Tokio's child plans?

    You can check policy status online by visiting their website, and logging in with the policy number and date of birth.
  • What is the company's process to settle the claim for child plans?

    To settle the claim, you must submit the policy documents and claims form at any of the branch offices in your city. Upon receiving and verification of the documents, it takes about 30 days to settle the claims. The claims are settled via NEFT mode.
  • What is the policy cancellation process for Edelweiss Life child plans?

    In case you are dissatisfied with the policy, a surrender form can be filled and submitted in any of the branch offices along with the cancellation charges. Within a time frame of 10 days, the policy will stand canceled on record. The refund will be calculated based on the NAV of the current market price.

*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:- http://bit.ly/3J20bXZ
#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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Child Plan 2
Average Rating
(Based on 24 Reviews)

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Edelweiss Life Child Plans Reviews & Ratings

4 / 5 (Based on 24 Reviews)
(Showing Newest 10 reviews)
Auraiya, March 02, 2021
Use money for education
I have took the child insurance plan from policybazaar and it was of edelweiss tokio. I am happy that I have secured the future of my child. It will be easy for y child to get best in class education. Thank you so much team.
Angamaly, February 19, 2021
Great insurance company
I found my son’s child insurance plan from the website of the policybazaar and that was the plan of edelweiss tokio. It is one of the wonderful plan which I have got. The insurance company is also very good. They are understanding in nature. Kudos team.
Baleshwar, July 08, 2016
Child Plan
I purchase child insurance plan for my child and the policy has many feature like policy cover maximum expenditure occur in future for the good for my child and online portal service is easy to access. Premiums are low and claims are high which can be easily sanctioned.
Akbarpur, June 28, 2016
My child insurance plan is good which come in very low investment but the payback returns after policy get mature is very nice which fulfill my child's dreams. Policy coverage is nice and claims are easily sanctioned. Online portal service is also very fast and easy to access. Good future investment.
Pune, May 23, 2016
Superb Plan
The superb child policy which provided by edelweiss tokio life insurance. The policy coverage is 89% and the claims are ~Rs.36 L after policy ends. The investment is ~Rs.11 K quarterly per year. Services are great and fast too. Great work guys. Good future investment with tax saving. The daily updates are send to me regularly.
Mumbai, May 23, 2016
Edelweiss tokio child plan which has very good policy coverage ~91%. The service is also good, fast and on time. The claims are high ~ 37 L and claiming process is easy because the executive and staff members providing good response and quick services. Good investment with tax savings.
Chennai, May 23, 2016
Very Nice
I have awesome life child plan which i purchase from edelweiss tokio life insurance. The claim is high and the policy coverage is 89%. Service you provided is fast and very quick. Daily updates are mail and texted to me. The policy is good for future investment and it saves taxes also. The policy updates are mailed to me daily.
Agra, May 23, 2016
Fair Plan
I buy edelweiss tokio child plan. Policy coverage is 86% and the claims are high. Premium is low and the services are fast and with great response from executives and staff members of the company. Good future investment and it saves taxes too. I must say good work.
Raipur, May 23, 2016
Manageable Policy
The edelweiss tokio child plan i have is an average policy. The service is fast and the policy coverage is approx. 79%. The claims are okay and the claiming process is easy. Executives and staff members are doing great work with good response. Okay policy and good for tax saving. Good plan for middle class people. Please improve the policy services and online facilities.
Fakirpur, May 23, 2016
I purchase edelweiss tokio child plan. Policy have various benefits but the policy coverage is the best ~91% is covered in the policy. Claims are high and the premiums are low. Service is good which facilitate by the executives and staff members. Nice future investment which saves tax also. I like the policy.
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