HDFC Life Child Plan

HDFC Child Plan is an investment plan to help you save money for your child's future. It is designed to keep your child financially secure and ensure your child’s aspirations are never compromised. The HDFC Child Plan is the best investment option to ensure your child's dreams can come true.

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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 the HDFC Life Child Plan?

HDFC Life offers a variety of child plans that are designed to help you save for your child's future and provide them with financial security in case of your death. These plans combine the benefits of life insurance and savings, and they can be customized to meet your specific needs and goals.

Key Features of HDFC Child Plan

  • Triple Benefits in Case of Parent's Death:

    • Life insurance coverage is provided.

    • Maturity benefit is paid out.

    • Insurance premiums are covered by the insurer.

  • Death Benefit: Protects your child financially in case of your unfortunate passing.

  • Payment Options: Premiums can be paid monthly, semi-annually, annually, or as a one-time payment.

  • Payout Options: Some plans offer different maturity benefit payout options to match your child's life goals (e.g., staggered payouts for education milestones).

  • Child Benefit Option: In some plans, the child becomes the policyholder upon reaching a certain age, gaining control over the policy.

  • Premium Waiver: If you pass away during the policy term, the insurer will cover the remaining premiums.

  • Partial Withdrawals: Partial withdrawals are available from the 6th year onwards for funding student milestones.

Benefits of HDFC Child Plan

  • Financial Security: In case of your demise, the plan provides a lump sum payout to the beneficiary, ensuring the child's financial needs are met.

  • Maturity Benefits: Upon plan maturity, the child receives a lump sum amount that can be used for their future goals like education, marriage, or starting a business.

  • Loyalty Additions: Some plans offer additional bonuses based on policy performance.

  • Guaranteed Additions (GA): Some plans offer guaranteed additions to the sum assured at specific intervals, boosting the maturity payout.

  • Tax Benefits: Premiums paid towards the plan are eligible for tax deductions under Section 80C of the Income Tax Act.

  • Rider Benefits: Additional benefits like critical illness cover, accidental disability cover, and waiver of premium rider can be added to enhance the plan's protection.

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

People also read: HDFC Life NFO

List of HDFC Child Plan

The list of HDFC Child Plans along with a brief description of each is mentioned below:

HDFC Life Child Plan Entry Age Maximum Maturity Age Premium Payment Term (PPT) Policy Term (PT) Minimum Premium (in Rs.) Tax Benefits under the Income Tax Act, 1961
HDFC Life Wealth Maxima
  • Maxima Invest: 0 - 65 years;
  • Maxima Family: 18 – 55 years;
  • Maxima Child: 18 – 50 years 
  • Maxima Invest: 75 years;
  • Maxima Family: 70 years;
  • Maxima Child: 65 years 
Same as PT 10/ 15/ 20 years Rs. 36,000 p.a. Section 80C and Section 10(10D)
HDFC SL YoungStar Super Premium
  • Life: 18 - 65 years;
  • Life & Health: 18 - 55 years
  • Life: 75 years;
  • Life & Health: 65 years
Same as PT 10 - 20 years Rs. 15,000 per annum Section 80C and Section 10(10D)
HDFC Life Youngstar Udaan
  • Classic: 0 – 60 years;
  • Classic Waiver: 18 - 55 years
  • Classic: 18 – 75 years;
  • Classic Waiver: 33 - 75 years
7 years;  10 years; PT minus 5 years 15 – 25 years Rs. 24,000 per annum Section 80C and Section 10(10D)
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 *

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Details of HDFC Child Plans

HDFC offers a variety of child plans to suit different needs and budgets. Let us discuss them below:

  1. HDFC Life Wealth Maxima

    HDFC Life Wealth Maxima is a Unit Linked Individual Life Insurance Plan (ULIP) designed to help you achieve your financial goals while providing life cover for your family.

    Features of HDFC Life Wealth Maxima Plan:

    • 3 Plan Variants: Choose from Maxima Invest (wealth creation), Maxima Family (wealth creation & family protection), and Maxima Child (child's future & family protection).

    • Life Cover: Get life insurance coverage to protect your family financially in case of your unfortunate demise.

    • Systematic Investment Option: Invest regularly through Systematic Transfer Option (STP) to benefit from rupee-cost averaging.

    • Loyalty Additions: Receive bonus additions after 10th, 15th, and 20th policy years (if certain conditions are met).

  2. HDFC SL YoungStar Super Premium

    HDFC SL YoungStar Super Premium is a Unit Linked Insurance Plan (ULIP) designed for children's financial security and education with the added benefit of life insurance coverage for the parent/guardian.

    Features of HDFC SL YoungStar Super Premium:

    • Two Cover Options: Choose between "Life Option" (life cover only) or "Life & Health Option" (life cover with critical illness rider).

    • Flexible Benefit Payment: Opt for "Save Benefit" (guaranteed sum assured on death) or "Save-n-Gain Benefit" (sum assured + fund value on death).

    • Fund Choices: Invest in a combination of 4 funds with varying risk-return profiles.

    • Premium Flexibility: Choose your desired premium amount and investment allocation.

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  3. HDFC Life Youngstar Udaan

    HDFC Life YoungStar Udaan is a child insurance plan that provides financial protection and savings for your child's future. It is a participating plan with a limited premium payment option.

    Features of HDFC Life Youngstar Udaan:

    • Maturity benefits: You can choose from 3 different maturity benefit options:

      • Aspiration: You get a lump sum amount at the end of the policy term.

      • Academia: You get regular payouts in the last 5 years of the policy term to help you meet your child's education expenses.

      • Career: You get regular payouts in the last 5 years of the policy term to help you meet your child's career expenses.

    • Death benefits: You can choose from 2 different death benefit options:

      • Classic: Your nominee gets the sum assured on death.

      • Classic Waiver: Your nominee gets the sum assured on death and all future premiums are waived off.

Summing It Up

The HDFC Life Child Plan offers a comprehensive solution tailored to secure your child's future, providing financial protection, savings, and investment opportunities. With its flexible features and robust benefits, this plan empowers parents to safeguard their children's aspirations and ensure a bright and secure tomorrow.

HDFC Life Child Plans - FAQs

  • What is HDFC children's plan?

    HDFC offers various investment plans that combine insurance coverage for the parent with savings and investment components for the child's future needs like education and career. Popular options include:
    • YoungStar Udaan

    • Wealth Maxima

    • SL YoungStar Super Premium

  • Which is the best plan for kids?

    You can consider the following investment options for kids:
  • Which is the best plan for child investment?

    For child investment, consider your risk appetite and investment horizon.
    • Low risk: HDFC Children's Gift Fund's balanced or conservative option might suit you.

    • Moderate risk: Balanced or growth options could be considered.

    • High risk: Aggressive options could offer higher potential returns but also carry higher risk.

  • What is the HDFC plan for girl child?

    While no specific plan is exclusive to girls, some plans offer features like waiver of premiums or increased payouts on maturity if the child is a girl.
  • How to pay premium? What are the modes of payment available?

    You can pay premium for HDFC child plans through ANY the following methods:

    • Bill Pay – EBPP (Electronic Bill Presentment and Payment)

    • Drop box

    • YES /AXIS Bank debit card

    • Bill pay-EBPP(Electronic bill presentment and payment)

    • Cheque Payments

    • NEFT

    For paying premium online, please visit e-portal and select your choice of HDFC child plan. 

    Step 1: Enter your policy details – policy number and policyholders date of birth

    Step 2: Pay from your debit/ credit card or select your online bank account to make the payment

    Step 3: Authenticate and confirm your payment details and receive online premium payment receipt for the selected HDFC child plan 

  • How can I check policy status for HDFC Life child plans?

    You can check policy status online, if you are a registered user. Simply log into the e-portal with your Client ID and password to check the policy status of your HDFC child plan.

    Alternatively, you can check the status via the SMS facility, provided you are a registered user.

    SMS LIFE to 56161

    SMS FACILITY to 5676727 

    Alternatively, inquire at toll free 1800 266 9777 / 1800 227227 (Monday-Sunday, 9:00 AM-9:00 PM). 

  • What is the policy renewal process for HDFC Life child plans?

    Renew your HDFC child plan policy online. Here are the steps; 

    Step 1: Login with your HDFC child plan customer ID and password on

    Step 2: Select the HDFC child plan policy due for renewal payment. Click Pay Renewal Premium Now

    Step 3: Choose payment option- Credit/Debit Card or NEFT

    Step 4: Authenticate and confirm your payment details and print the payment receipt for your HDFC child plan 

  • What is the company’s process to settle claim for HDFC Life child plans?

    For policyholders of HDFC child plans, Cashless facility is permitted in case of hospitalization or surgery. For others the process is as follows;

     Step 1: Duly fill the claims form

    Step 2: Attach the relevant documents- medical bills, reports, accident report- with your claims form

    Step 3: Submit the documents at the Claims Office at any of your nearest HDFC branch in your city

     Alternatively, you can post it at their registered headquarter:

     HDFC Standard Life Insurance Company Ltd.Lodha Excelus, 13th Floor Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai – 400011, Maharashtra, India.Telephone–(022)67516666

     Call toll-free for more information: 1860 267 9999 

  • What is the policy cancellation process for HDFC Life child plans?

    HDFC child plan policyholders must attach all the relevant policy documents along with a duly filled surrender form at any of the branch locations in their city. Within 72 hours, the refund will be made into your bank account, post deducting cancellation charges, stamp duty (if any), and medical tests.

*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
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Child Plan 2
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HDFC Life Child Plans Reviews & Ratings

4.1 / 5 (Based on 29 Reviews)
(Showing Newest 10 reviews)
Anklav, March 30, 2021
Customer care support
The customer care team of policybazaar is superb and I had a child insurance plan of hdfc life insurance. I was facing some issue making the premium payment and team helped me in resolving the same. Great and quick work.
Aurangabad, March 30, 2021
Easy to understand
It is really easy to understand about the child insurance plan as the team of hdfc life and policybazaar is very co-operative in nature. I am happy that I bought this plan from them and have secured my child’s future.
Madhapur, March 16, 2021
Beneficial plan
I found the child insurance plan of hdfc life quite beneficial and best for my child. I am quite convinced with the customer care of the policybazaar and bought this plan for my child’s great future. Thanks team.
Bangalore, March 09, 2021
Save for your child
I have taken the child insurance plan from the policybazaar and it was of hdfc life child plan. The company is great and also the services are best. I just love that I will save something for my child’s future. Thanks.
Yamunanagar, October 10, 2016
'Maximum Claiming Amount'
Need insurance policy go for hdfc standard life insurance company ltd. Premium of my child plan is less and the returns are much more than anybody else. Services of the company is perfect which is given by the executives and staff.
Andora, August 24, 2016
HDFC child insurance plan is great policy and the investment is also low , so i buy one for my son. Service is fantastic which delivered by the executives and staff members. Policy coverage is high and claims are easy to sanctioned.
Belgaum, July 20, 2016
Child Insurance Policy
My child have a secure future because i buy him a hdfc child plan. It really very good insurance policy which facilitate the best service in low premiums. The policy coverage is high ~89% and the claims are easy to sanctioned.
Chennai, July 20, 2016
Child Plan
The hdfc child plan i have bought in low investments. The policy is very nice benefits with huge returns. Service is fantastic and online portal gives the easy gateway to pay premiums and get updates regarding insurance policy. Good claims and policy coverage is also high.
Srinagar, May 02, 2016
Best Comparision Webside
Really a good for chossing and compare with
Navi_mumbai, April 15, 2016
Quality Investment
I buy a child policy plan for my child from hdfc standard life insurance. Policy coverage is high 91% but the premium is low. Claims are easy to get because of the fast service provided by the executives and staff members. Daily updates are also mailed to me time to time. Fine policy good work. Good future investment and it save tax also.
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