Pramerica Life Child Plans

Pramerica Life offers a variety of child plans to help parents secure their child's future. These plans provide financial protection in case of parents' unfortunate demise and help save for the child's education and other important milestones.

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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 are child plans?

Child plans are financial products specifically designed to secure a child's future. They provide financial protection and investment benefits tailored to the child's welfare. These plans come in traditional or unit-linked forms, offering long-term premiums and bonuses for traditional plans, while unit-linked plans invest premiums in the market for potential growth. Child plans often include a Premium Waiver Rider, ensuring that if the parent dies, the child still receives promised benefits, with the insurance company paying future premiums. This ensures the child's financial security and meets their future needs.

Pramerica Life Child Plans

The best Pramerica Life Child Plan for you will depend on your individual needs and budget. Here are some of the Pramerica Life Child Plans:

Pramerica Life Rakshak Smart

Pramerica Life Rakshak Smart is a non-linked, non-participating individual life insurance savings plan designed to offer both protection and savings elements to fulfil your family's financial needs.

Here are the key features and benefits of the plan:

  • Two plan options: Choose between

    • Life Option for supplementing savings and meeting financial responsibilities

    • Enhanced Life Option for comprehensive protection covering immediate, recurring, and future needs.

  • Flexible policy term and premium payment term: Tailor the plan to your budget and goals by choosing the duration of coverage and premium payment period.

  • Guaranteed benefits: Receive guaranteed payouts upon death or policy maturity, ensuring financial stability for your loved ones.

  • Maturity benefit: Upon policy maturity, receive a guaranteed income stream for 5 years along with a lump sum "Savings Booster" amount.

  • Death benefit: In case of your unfortunate demise, your family receives a lump sum amount to help them cope financially.

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

Plan at Glance

Entry Age Life Option: 91 days to 60 years
Enhanced Life Option: 18 years to 50 years
Maturity Age Life Option: 18 years to 80 years
Enhanced Life Option: 28 to 70 years
Policy Term & Premium Payment Term
Policy Term (years) 10 12 15 20
Premium Payment Term (years) 5 7 10 12
Premium amount Depends on the coverage, tenure and age
Sum Assured Minimum:
For Life Option: Rs. 19,445
For Enhanced Life Option: Rs. 20,567
Maximum: No Limit
Premium Paying Frequency Yearly, half-yearly or monthly

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

Pramerica Life Raksha Gold

Pramerica Life Raksha Gold is a child protection plan designed to financially safeguard your child's future, even in your absence. It offers comprehensive benefits in case of the life insured's unfortunate demise and guaranteed returns upon maturity.

Here are the key features and benefits of the plan:

  • Comprehensive/Enhanced Death Benefit:

    • Immediate Lump Sum: Upon the life insured's death, your nominee(s) will receive a lump sum equal to the Base Sum Assured.

    • Recurring Monthly Income: A monthly payout of 2% of the Base Sum Assured will be provided starting from the month of death and continuing for the remaining policy term (minimum 36 months, even if it extends beyond the policy term).

    • Final Lump Sum: At the end of the policy term, a final lump sum benefit is payable.

  • Guaranteed Maturity Benefit: Upon the life insured surviving the policy term, your nominee(s) will receive a guaranteed lump sum amount calculated as the Base Sum Assured multiplied by the Guaranteed Maturity Multiple (GMM), plus any accrued Annual Guaranteed Additions.

  • Financial Security for Your Child: Ensures your child's financial needs are met even in your absence, covering immediate expenses, ongoing living costs, and future milestones like education and marriage.

  • Guaranteed Returns: Provides peace of mind with guaranteed benefits at maturity, regardless of market fluctuations.

  • Flexibility: Choose the Base Sum Assured and policy term that best suits your needs and budget.

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Plan at Glance

  Minimum Maximum
Entry Age 18 years 53 years
Maturity Age - 65 years
Policy Term 12 Years,15 Years and 18 Years
Minimum Premium amount ₹12,170 (Yearly)
₹6,329 (Semi-Annually)
₹1,096 (Monthly)
Sum Assured ₹75,000 ₹5 Cr
Premium Payment Term 7 or 10 years 
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 *

Applying for a Child Plan Through Pramerica Life

  1. Online

    The company offers specific plans that are only available online. 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.

  2. Intermediaries

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

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.


  • What are the different types of Pramerica Life Child Plans available?

    Pramerica Life offers two main types of child plans:
    • Child Protection Plans: These plans provide a lump sum benefit in case of the parent's unfortunate demise, ensuring the child's financial security.

    • Child Savings Plans: These plans help you accumulate a corpus for your child's future needs like education, marriage, or starting a business.

  • What are the benefits of investing in Pramerica Life Child Plans?

    • Financial security for your child in case of unforeseen events

    • Systematic savings habit for child's future needs

    • Potential for market-linked returns (in ULIP plans)

    • Tax benefits on premiums and maturity amount

  • What are the surrender options available in Pramerica Life Child Plans?

    Most plans offer surrender options after a certain policy period but may come with surrender charges.

*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
Average Rating
(Based on 26 Reviews)

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Pramerica Life Child Plans Reviews & Ratings

4 / 5 (Based on 26 Reviews)
(Showing Newest 10 reviews)
Ramanujganj, March 31, 2021
Affordable premium amount
The premium amount of child insurance plan which I bought last year for my child is very much affordable in nature and I like it. It was the plan of premerica and I bought it from the website of the policybazaar.
Barielly, March 30, 2021
Got high sum insured
I preferred to buy a high sum insured child insurance plan from the website of the policybazaar. It will be easy for me and my child to get best education. I don’t want to compromise with the same. It is for his benefits so that he can sustain his future.
Ambikapur, March 16, 2021
Customer support
The customer care team of policybazaar is good and well-behaved. They understood my needs and provided with best child plan of pramerica. Amazing plan with great benefits under the same. Thanks.
Bomkei, March 09, 2021
Investment at one place
I did a little bit of investment for my child as by taking a child insurance policy from the policybazaar. It is the plan of pramerica. A nice company and before buying it I did a research work too. The plan is really nice. Thanks team.
Kinnaur, July 07, 2016
Child Plan
Child insurance plan of my child is wonderful and it's service is up to the mark. Policy cover is very much and all expenditure is through policy only. Claims are easy to cleared which is possible only by the fast service given by the staff members of the company.
Ahmedabad, June 28, 2016
Good Policy
My farther gave me child insurance plan which has some nice benefits. the policy coverage is high and the returning amount is very good. Service facilitate by the executives is fantastic. Good future plan which make my dreams come true. Thanks dad.
Navi_mumbai, May 20, 2016
Best Plan
I have child plan for my child from dhfl pramerica life insurance. Policy coverage is high 89% and 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. Good future investment which save taxes. Really good job guys, I like the terms and conditions of the policy.
Meerut, May 20, 2016
Good Policy Coverage
The child plan for my child which i buy from dhfl pramerica life insurance. Policy coverage is high 90% and 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.
Indore, May 20, 2016
Future Savings
I own an awesome dhfl pramerica child plan for my child. The claim is high and the policy coverage is 92%. 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. I'm satisfied with the policy and its terms and conditions.
Lonavla, May 20, 2016
Excellent Policy
My policy is dhfl pramerica child plan for my child is really good. The policy is nice with good benefits. Good policy coverage ~90% and claiming amount is Rs.33 L after policy get mature. But the service is bit slow, please improve it. And the behaviour of the executives and staff members are nice. Good future investment with saving tax too.
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