Future Generali Life Child Plans

Future Generali Life Insurance Company Limited is a joint venture between Future Group, a leading Indian Retailer with retail outlets like Pantaloons, Big Bazar etc., and Generali Group which is a global insurance group boasting of being counted among the top 50 companies of the world and Industrial Investment Trust Limited (IITL) which is an investment company.

Read more
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

*Please note that the quotes shown will be from our partners
  • 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*

View Plans
Please wait. We Are Processing..
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 Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated
58.9 million
Registered Consumers
26.4 million

The company was incorporated on September 2007 and as on September 2015 the company has total assets under management of the value of Rs.2600 crores. The range of products offered by Future Generali include Protection plans in the form of term plans, Child Plans, Savings and Investment Plans which are available in both conventional or ULIPs form and pension plans. With a wide range of products, the company strives to meet every individual’s insurance related requirement at a single source.

What are Child Plans?

Child plans are uniquely designed plans meant for the future of the child by ensuring a considerable fund even after the death of the parent. The plans have certain distinct characteristics which are explained below:

  • The plan can cover either the minor child or the parent with the parent being the insured in most of the cases
  • If the child is covered, the company inserts a deferment clause in the policy which excludes coverage in the initial years because the infant is considered to be a more risky life. death during this deferred period will entail the return of premiums as the Sum Assured will not be active during this period
  • The child will also gain ownership of the policy after attaining 18 years of age which was previously in the name of his parent
  • The premium waiver rider is automatically inherent in the plan which waives future premiums after the death of the parent while at the same time protecting the funds which are paid as and when originally promised under the plan

Future Generali Child Plans

Future Generali Life Insurance Company offers one type of child insurance plan called the Future Generali Assured Education Plan. The plan promises multiple benefits and comes loaded with great features. Let us take a look at the plan in detail and its features and benefits.

Future Generali Assured Education Plan

A plan designed for the financial security of the child’s future, it has the following features and benefits:

  • Premiums under the plan are payable for the entire duration of the plan under the Regular pay option of premium payment.
  • There are three options to receive the maturity benefits under the plan which can be chosen either as a money-back payouts under Options A and B or a lump sum payout under Option C
  • Maturity occurs when the child reaches 17 years of age
  • Under Option A, 40% of the Sum Assured is paid on policy maturity, i.e. when the child attains 17 years of age, 30% one year after the maturity when the child attains 18 years of age, 20% after another year and 10% of the Sum Assured after another year when the child completes 20 years of age
  • Under Option B, 10% of the Sum Assured is paid on maturity and for every year for two years following the year of maturity and three years post maturity when the child reaches 20 years of age, 70% of the Sum Assured is paid
  • Under Option C, 100% of the Sum Assured is paid on maturity.
  • If the insured expires while the plan is in force, the Death Sum Assured is paid immediately to the nominee which will behigher of 10 times premiums which are to be paid yearly or 105% of all premiums paid till the date of death or the chosen Sum Assured. Moreover, 5% of the Sum Assured is paid every year post death and all future premiums are waived off. On maturity, the maturity benefit will be paid as per the Maturity Option chosen by the policyholder.
  • The premium payment mode can be changed subject to certain terms and conditions
  • Loans can be availed under the plan up to a maximum of 85% of the Surrender Value
  • The plan can be customized by adding the available two riders which are Future Generali Non-Linked Accidental Death Rider and Future Generali Non-Linked Accidental Total and Permanent Disability Rider

Eligibility Details

  Minimum Maximum
Entry Age of the Parent 21 years 50 years
Entry Age of the Child 0 years 10 years
Maturity Age 35 years 67 years
Policy Term 17 minus the age of the child
Premium amount Rs.20, 000 No limit
Premium Payment Term Equal to plan term
Premium Paying Frequency Yearly or monthly

Applying for a Child Plan from the company:


The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued


Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.

Applying For Child Plans through PolicyBazaar

  • On the PolicyBazaar homepage, click on Child Plans under the Personal tab.
  • Click New Quotes to compare.
  • Fill your date of birth (DOB), whether you are a smoker/non-smoker, and the payout amount. On the basis of your payout amount, you will get an estimate of your premium. Next click Continue.
  • Fill in your name, email address, city, country code, and mobile number. Click Continue.
  • You will be taken to the Life Insurance quotes page where you will see life insurance quotes of more than 10 insurers. Next, choose the plan as per payment schedule – One Time Payout and Monthly Payout Plans.
  • After reviewing and comparing each life insurance quote, click the premium amount to buy the desired plan.
  • You will see a pop-up on the screen which will give you an overview of the chosen plan like premium, plan features, exclusions, additional riders, etc. Click Proceed.
  • This will take you to the insurer’s website. Fill in the necessary details to buy the plan.

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

Reason for buying a child plan

The reason of buying a child plan is not limited to only one. One can cite various reasons why a child insurance plan becomes a part and parcel of every individual’s financial planning process. Creating a fund for retirement or for taking a long vacation or building a long-term asset may seem important but if you have a child then planning for the child’s future is also important. Your child will need financial resources to achieve his dream, for pursuing higher education in a premier institute, for marriage, etc. With the current trend of inflation, a few lakhs of rupees which is sufficient for today will not be sufficient for your child’s future. Lakhs of rupees will be required for securing admission in a premier college or for pursuing higher studies. Even marriage would require a good sum of money so that your daughter or your son can have the marriage of their dreams. As an average man, your savings of today would go a long way in building this substantial corpus.

A child plan comes in the picture because of the benefit the plan promises. Apart from the usual death or maturity benefit which is available in other different plans of insurance, a child plan has something which the other plans fail to offer. The inbuilt premium waiver rider which shifts the burden of paying the premium on the company’s head if the parent who is the policyholder and the life insured faces untimely death. By paying twice the benefit in case of death the child plan ensures that no financial repercussion affects the child’s life anyhow even in the absence of the caring parent. Moreover, the rider which is inbuilt in the plan also ensures a steady growth of the corpus which was planned by the parent. So, whether the parent is alive or dead, the child plan runs its course, completes its goals and provides a substantial amount of money to the child which can be used as per his requirement.

Future Generali Life Child Plans - FAQs

Child Plan 1
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)
Child Plan 3

Nothing is more important than securing your child's future

  • Life Cover paid to family to meet immediate expense
  • Future premiums are paid by the Insurance Company

Child plans articles

Recent Articles
Popular Articles
Children's Endowment Policy

30 Jan 2023

A children's endowment policy is a life insurance plan that
Read more
What is the Maximum Age to Buy a Child Insurance Plan?

29 Dec 2022

To secure a child's future, a well-informed parent ensures
Read more
Bharti AXA Life Shining Stars Calculator - Child Plan Calculator

05 Aug 2022

This child plan by Bharti AXA is designed to help parents save
Read more
What is the Deferment Period Under a Child Plan?

04 Aug 2022

A child insurance plan is one of the most recommended ways to
Read more
How to Choose An Insurance Plan for Child?

04 Aug 2022

The biggest aim of any parent is to provide their child with a
Read more
Best Child Investment Plans to Invest in 2023
Planning for the child’s secured future is not an easy task. Most of the people try to create a strong financial
Read more
Prime Minister Schemes For Boy Child
Like the Prime Minister’s Sukanya Samriddhi Yojana savings scheme for a girl child, there are several
Read more
Best Investment Plans for Girl Child in India
The right kind of investment of your hard-earned money is necessary, but when it comes to your child, making
Read more
Best Child Insurance Plans
A child insurance plan is a combination of savings and insurance, which help the individuals to plan for the
Read more
Post Office Child Plans
Individuals can open post office savings account for their children and earn interest at a rate of 4% to nearly
Read more

Future Generali Life Child Plans Reviews & Ratings

4 / 5 (Based on 26 Reviews)
(Showing Newest 10 reviews)
Mundrajore, March 10, 2021
Tax benefits
I have got the tax benefits when I bought the future generali child insurance plan. It is really great. I am thankful to team.
Atmakur, March 09, 2021
Beneficial plan
It is good to know about different plans for different needs. I get to know about the child plan into the website of the policybazaar. It was the future generali child plan which I got 1 month back. It is one of the beneficial plan. Thanks team.
Ludhiana, August 22, 2016
Totally Safe Policy
Fully satisfaction i get from your service and policy benefits. Premium are not high which i can i afford and it payed quarterly. Claims are high and coverage is very good. The procedure of sanctioning the claims is very simple because of quick service facilitated by you. Thank you for this nice child insurance policy.
Chaksu, July 19, 2016
Easy Returns
Future generali life insurance is the best insurer, i have child insurance plan. The policy have maximum benefits and it covers maximum expenditures for the policy owner. Service is perfect and the website of the company is very simple to access.
Kashipur, July 08, 2016
Child Plan
The child insurance which i purchase for my child is very nice with low premiums. The investment is less and the returns are high. Policy coverage is high and claims are easily sanctioned due to fast service facilitate by the company staff.
Ahmedabad, June 28, 2016
My child insurance policy plan for my child is the best insurance in less premiums. Service is good and the payback amount is fantastic which sanctioned after policy get mature. Policy coverage is good, claims are high. Internet service is nice which make's hassle free documentations. Good future investment.
Bangalore, June 07, 2016
Fantastic Policy
I have child policy for my children from future generali India life insurance. The plan has low premiums and high returns. The policy coverage is high ~90% and the claim is high. Service is also nice with good and on time availability. Nice future investment and it saves taxes too. Daily updates about policy plan is mailed to my email address regularly. Good policy, I like the insurance plan.
Nilgiris, June 07, 2016
Great Deal
Recently I bought a child insurance for my child from future generali India life insurance. The policy having great benefits with low premiums. The policy coverage is really good and the service is fast and on time. The claims are the best among all. Good future investment and it save taxes too.
Pilani, June 07, 2016
Fully Updated Plan
I buy future generali life child plan which has very good policy coverage ~ 91%. The service is also good, fast and on time. The claims are high and claiming process is easy because the executive and staff members providing good, responsive and quick services. Updates are send to me daily.
Dholpur, June 07, 2016
Very Good Policy
Superb child plan which provided by future generali India life insurance. The policy coverage is 84% and the claims are high. The investment is low and payed quarterly per year till policy end. Service is great and fast too which facilitate by the executives and staff members. I like the policy plan.
Download the Policybazaar app
to manage all your insurance needs.