Reliance Child Plan

Reliance Child is a traditional participating child plan which guarantees child’s future even if the parent is not around.

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

  • 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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Reliance Child Plan - Key Features

  • This is a participating child plan which secures the child’s future

  • In the event of death of the policyholder, the future premiums are waived off through the inbuilt Waiver of Premium rider but the policy continues to run till the end of policy term

  • Non-Negative Capital Guarantee and High SA Additions are features that increase the corpus besides bonus 

Reliance Child Plan - Benefits

  • 25% of the assured sum amount is paid as Guaranteed Periodic Benefits in the last 3 policy years before maturity even if the policyholder does not survive the policy term

  • Under the Non-Negative Capital Guarantee feature, the benefit paid on Maturity is never less than the total premiums paid and if it is less, the company funds the deficit

  • On maturity, 25% of the SA+ Non-Negative Capital Guarantee Additions+ High SA Addition Benefit + Bonus is paid to the policyholder

  • On death, the SA payable on death + bonuses is paid subject to the minimum of 105% of total premiums paid

  • The SA payable on death is higher of 10 or 7 times annual premium (based on age) or Base SA + High SA Additions if any or SA payable on Maturity

  • Tax Benefits: The premiums paid and claims received are eligible for tax deductions Under Section 80C  and 10(10D) of the Income Tax Act. 

Reliance Child Plan - Product Specification

Minimum Maximum
Entry Age (Last Birthday) 20 years 60 years
Maturity Age (Last Birthday) 30 years 70 years
Policy Term (PT) in years 10 20
Premium Paying Term (PPT) in years Equal to policy term
Premium Paying Frequency Annual, half-yearly, quarterly, monthly
Yearly Premium Depends on Sum Assured
Sum Assured 25,000 No limit

Details About Premium

Benefit Illustration for a 35 year male:

Premium SA Guaranteed Benefit before maturity Guaranteed benefit after maturity Vested bonus
@ 4% @ 8%
30,000 405,405 304,682 101,554 97,297 194,594

Reliance Child Plan - Policy Details

  • Grace Period: The insured is allowed a grace period of 15 days for payment of his premiums in monthly mode and 30 days grace period for the other premium payment modes. If the policyholder fails to make his payment within the allowed grace period, then the policy is subject to lapse.

  • Policy Termination or Surrender Benefit: The Policyholder is allowed to surrender the policy after 3 completed policy years. The Surrender Value shall be a higher of the Guaranteed Surrender Value or the Special Surrender Value. GSV is expressed as a % of total premiums paid.

  • Free Look Period: If the policyholder feels he is not happy with the coverage and the terms and conditions of his policy, then he has the option to cancel his plan within 15 days of receiving the policy documents, given that no claims has been done yet.

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


  • Loan Benefits: Loan is available under the plan @ 80% of the Surrender Value in first 3 years and 90% thereafter

  • Additional Features: There is a High SA Addition Percentage for SA higher than 2.5 lakhs

Documents Required

The Policyholder has to submit a duly filled Application form / Proposal form with correct medical history and his address proof along with necessary KYC documents.  In some cases, medical examination might also be required, based on the policyholder’s age and the sum assured required by him.

You may also like to read: Reliance Life Child Insurance Plans

*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
~Source - Google Review Rating available on:-

Child Plan


Child Plan


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.
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