IndiaFirst Life Child Plans

IndiaFirst Life Insurance offers a variety of child plans to help you secure your child's future and provide them with the financial resources they need to achieve their goals. These plans offer a combination of life insurance coverage, guaranteed payouts, and bonus potential to help you meet your child's critical milestones and needs.

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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 specialised financial products offered by insurance companies to help parents save and invest for their children's future financial needs, such as education, marriage, or other expenses. These plans are designed to provide a combination of investment and insurance benefits to meet the long-term goals of securing a child's future.

IndiaFirst Child Plan

IndiaFirst offers Child Plans that combine the benefits of insurance and investment to safeguard your child's interests and fulfil their long-term financial goals. These plans offer parents the opportunity to systematically save and invest in their child's education, marriage, or other important milestones in life.

IndiaFirst Life Little Champ Plan

The IndiaFirst Life Little Champ Plan is a non-linked, participating, endowment insurance plan designed to secure your child's future and provide financial protection for your loved ones. It offers a unique blend of guaranteed payouts, life insurance coverage, and bonus potential to help meet your child's critical milestones and needs. Here are the key features and benefits of the plan:

  • Financial Protection: Life insurance coverage ensures your child's future financially, even in your absence. You can choose a death benefit as a lump sum payout or as regular income for 5/10/15 years.

  • Flexibility: Choose the type of coverage you need - death, accidental death, or Accidental Total Permanent Disability (ATPD), or a combination of these benefits. Premiums are waived off in case of death or accidental total permanent disability.

  • Guaranteed Payouts: Receive guaranteed payouts at various stages to support your child's education and other needs. Choose from 8 payout options ranging from 101% to 125% of the sum assured.

  • Bonus Potential: The policy accumulates bonuses (if declared), providing additional benefits at maturity.

  • Convenience: Purchase the plan online easily and choose from various policy terms, premium payment terms, and payment modes to suit your needs.

  • Tax Benefits: Enjoy tax benefits on premiums paid and benefits received as per prevailing tax laws.

Investment Investment
Secure Secure
Child Banner
Secure your child’s future with or without you
Start Investing
₹10,000/Month
& Get
₹1 Crore*
*Standard T & C Apply

Plan at Glance

Criteria Minimum Maximum
Entry Age 21 years 45 years
Maturity Age
Premium Paying Term Maximum Maturity Age 
7 to 12 Years 65 years
13 to 14 Years 70 years
Policy Term 10 years 25 years
Sum Assured 
Premium Paying Term Minimum Premium Amount
7 to 9 years Rs. 1,50,000
10 to 14 years Rs. 2,00,000
Maximum: No Limit
Premium Payment Term 25 years (maximum)
Premium paying Frequency Yearly, half-yearly 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 *

People also read: Sukanya Samriddhi Yojana

Why Choose Child Plans?

  • Financial Security: Provides a safety net for your child in case of your death or disability.

  • Education Planning: Ensures dedicated funds for their educational pursuits, easing your burden.

  • Goal-Oriented Saving: Helps save for specific future goals like higher education, marriage, or starting a business.

  • Guaranteed Payouts: Offers regular or lump sum payouts at predefined stages.

  • Bonus Potential: Enhances the benefit amount with potential bonus accruals.

  • Tax Advantages: Enjoy potential tax deductions on premiums paid for additional savings.

  • Peace of Mind: Gives you the assurance that your child's future is financially secure.

  • Investment for Growth: Some plans allow market-linked investments for potentially higher returns.

  • Flexibility: Choose from various plans and riders to match your specific needs and budget.

  • Start Early: Starting early allows for longer premium accumulation and potential bonus growth.

People also read: Sukanya Samriddhi Yojana Calculator

How to Buy 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.

IndiaFirst Life Child Plans - FAQs

  • What are the eligibility requirements for the IndiaFirst Life Little Champ Plan?

    To purchase the IndiaFirst Life Little Champ Plan, individuals must meet the following criteria:
    • Minimum entry age: 21 years

    • Maximum entry age: 45 years

    • Premium payment term: 7 to 14 years

    • Policy term: Minimum 15 years, maximum depends on chosen premium payment term

    • Minimum sum assured: Rs. 1,50,000 for a premium payment term of 7 to 9 years, Rs. 2,00,000 for a premium payment term of 10 to 14 years

    • Maximum sum assured: Subject to underwriting, no specified limit.

  • What is the minimum premium payment required for the IndiaFirst Life Little Champ Plan?

    Under the IndiaFirst Life Little Champ Plan, policyholders can choose to pay premiums monthly, quarterly, half-yearly, or yearly based on their preferences. The minimum premium amounts are Rs. 1,349 per month, Rs. 4,015 per quarter, Rs. 7,934 per half-year, or Rs. 15,500 per year.
  • What does child life coverage mean in the IndiaFirst Life Little Champ Plan?

    Child life coverage refers to the coverage provided to the policyholder, typically the parent, rather than the child's life being covered under the policy. With the premium-paying parent's life covered, the plan ensures that the child's financial needs are safeguarded in case of unforeseen circumstances.
  • How to pay premium? What are the modes of payment available?

    INDIAFIRST Life Insurance offers the following modes of payment for paying premium namely:
    • Online

    • Credit card/Debit Card

    • Electronic Clearing system(ECS)

    • cheque

    For ECS you must register beforehand by duly signing and submitting the ECS form. This facility is available in select cities only.

    Alternatively, you can drop in cash or cheque at your nearest branch in the city.

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

    To check the policy status login to your IndiaFirst Account with the designated User ID and password this is directly linked with your policy number. After login in a detailed tab will be displayed this contains all the relevant data related to your policy.
  • What is the policy renewal process for IndiaFirst Life child plans?

    For policy renewal process, login into your account and select the online payment for renewal policy.

    You can also select the ECS or the Auto debit option for paying the premium had you initially signed up for the policy.

    You can approach the nearest branch office and fill in the required forms, attaching the mandatory documents to get the policy renewed.

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

    INDIAFIRST Life Insurancehas a clear and transparent process for settling claims. You must intimate the company about the incident within one week of it occurrence. There are different options available for intimation such as:
    • Online

    • Intimation through our toll free number 1800-209-8700

    • By couriering the details

    • Approaching us via Advisor.

    • Contacting us at any of our branch office.

    A set of documents as listed in the website needs to be submitted to the company. Upon receipt of the same, the claim is settled within15 days’ time period.

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

    In order to cancel a policy, you can fill in the required form and submit it to the nearest branch office along with the surrender charges as mentioned in the policy.

    For new users, a period of about 15 days is allotted wherein one has the option to surrender the policy in case deemed necessary.

*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.

Child Plan

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Child Plan

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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
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(Based on 5 Reviews)

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IndiaFirst Child Plans Reviews & Ratings

4.5 / 5 (Based on 5 Reviews)
(Showing Newest 5 reviews)
Binita
Attingal, March 31, 2021
Great features
In the child insurance plan of India first which I have recently bought for my son is really good and has several safety features. I took this plan from the website of the policybazaar. Thanks team.
Vivek
Babina, March 30, 2021
Provides financial support
This India first child insurance plan has provided with financial safety and support for my child in his future. It is easy to do and quick too.
Sarvesh
Belthangady, March 16, 2021
Tax benefits
With the child insurance plan I got the tax benefits under Section 80(C). It is also known as tax rebate. Also, my child will get a safety and security in his future.
Anmol
Bankura, March 09, 2021
Low amount of premium
The premium amount of India first child insurance is very low in premium price and it can be easily be affordable. I found it really convenient in nature for my child. Thanks.
Abhishek
Ahmedabad, May 13, 2016
Good Plan
The perfect policy which i buy from IndiaFirst life insurance and the product is child plan. Policy coverage is 90% and the premiums are low ~15 K thrice a year. The claims are high around 36 L after policy ends. The claiming process is easily done due to fast service provided by the executives and staff members. Good investment and tax saving. I like the policy plan.
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