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

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*

We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
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
Get Updates on WhatsApp
We are rated~
58.9 Million
Registered Consumer
Insurance Partners
26.4 Million
Policies Sold

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

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

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.


  • 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.

*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
Insurers Offering Child Plans

Tata AIA

Aditya Birla Sun Life

Bajaj Allianz

Max Life


ICICI Prudential

Bharti AXA Life

Edelweiss Life

Kotak Life

Future Generali

PNB MetLife

SBI Life


Bandhan Life

Canara HSBC

IDBI Federal


Pramerica Life

Reliance Life

Sahara Life

Shriram Life

Star Union

View more insurers
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Child Plan 2

Child plans articles

Recent Articles
Popular Articles
Janani Suraksha Yojana

17 Jun 2024

The Janani Suraksha Yojana (JSY), launched in 2005, is a program
Read more
Sukanya Samriddhi Yojana Online Payment

10 Jun 2024

The Sukanya Samriddhi Yojana (SSY) is a government-backed
Read more
Sukanya Samriddhi Yojana Passbook Online

07 Jun 2024

The Sukanya Samriddhi Yojana (SSY) is a government scheme in
Read more
Pradhan Mantri Matru Vandana Yojana

06 Jun 2024

The Pradhan Mantri Matru Vandana Yojana (PMMVY), launched in
Read more
Child Education Planner

05 Feb 2024

Ensure your child's dreams come true with a Child Education
Read more
Top 12 Government Schemes for Girl Child
  • 29 Apr 2022
  • 20781
Top 12 Government Schemes for Girl Child Government schemes for the girl child are a vital aspect of social welfare
Read more
Prime Minister Schemes For Boy Child
  • 05 Apr 2022
  • 17040
The Prime Minister Schemes for Boy Child stand as an important initiative aimed at nurturing the boy child and
Read more
How to Check Post Office Sukanya Samriddhi Yojana Account Balance
  • 09 Jul 2021
  • 20300
The Sukanya Samriddhi Yojana is a savings scheme launched in the year 2015 by Prime Minister Narendra Modi under
Read more
Chief Minister Ladli Behna Yojana
  • 25 Sep 2023
  • 4381
The Ladli Behna Yojana is a Madhya Pradesh government initiative aimed at empowering women through financial
Read more
Best Child Investment Plans to Invest in 2024
  • 19 Feb 2016
  • 320458
Planning for the child’s secured future is not an easy task. Most of the people try to create a strong financial
Read more

Download the Policybazaar app
to manage all your insurance needs.