Guaranteed Return Plan for Children in India

It is a natural tendency of all parents to start worrying about their child's future the day he/she is born.In a true sense, they want their child to have the world at their feet. Guaranteed return plans for children can help a parent rest assured about financing the future of their child’s education, lifestyle, etc. 

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Best Child Saving Plans
  • Insurer pays your premiums in your absence

  • Invest ₹10k/month and your child gets ₹1 Cr tax free*

  • Save upto ₹46,800 in tax under Section 80(C)

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

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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Getting your child 'everything' that they desire may not seem plausible in today's inflation hit and economically slow environment. In fact, both parents' combined income may not be enough to fulfill their child’s heightened inclination for wants more than needs. Furthermore, one cannot rule out the high cost of living that is constantly rising.

On the back of what life may bring with it in the future, parents are looking for options that provide protection and income if something unexpected happens. People in such a scenario should consider a Guaranteed return plan/traditional insurance plan as one of the most efficient options to not only seek protection against unwanted events but also to gain an extra source of income for planned/unplanned future events so that they are not taken by surprise in times of adversity.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Features Of A Guaranteed Return Plan for Children in India

All Parents' concerns are similar; that they want protection for their children and their monetary security for future events.

All parents, therefore, must opt for a Guaranteed Return Plan. As the name suggests, a guaranteed return plan offers assured returns on your investment.

  • This type of plan is akin to the traditional insurance plans, where the premium is fixed at the beginning of the term, and the returns are also pre-decided.

  • This plan is not market-linked, which keeps one stress-free without the worry of fluctuating market performance.

  • Safety concerns of parents are met as they get to plan their child's future with the returns that they will receive.

  • The returns or guaranteed return would be a bonus along with the return of the premium amount paid and the sum assured.

  • Such kinds of plans are available at low premiums, and the term is from 10 years to 30 years.

List Of Guaranteed Return Plans For Children 

The following table lists some of the insurance policies that you can explore for your children and get assured returns on the same.

Plan Name Entry Age Maximum Maturity Age Minimum Annual Premium Minimum Sum assured
Aviva Young Scholar Secure 21-50 years 71 years Rs 50,000/- 10 times the annual premium
Bajaj Allianz Young Assure 18-50 years 60 years N/A 10 times the Annualized premium
Bharti AXA Life Child Advantage Plan 18-55 years  76 years  Depends on Minimum Sum Assured Rs 25,000/- 
Birla Sun Life Insurance Vision Star Plus 18-55 years 75 years  N/A Rs 1 Lakh
Edelweiss Tokio Life EduSave 18-45 years 60 years Rs 6,968/- Rs 2.25 Lakh
Future Generali Assured Education Plan 21-50 years  67 years  Rs 20,000/- N/A 

Summing Up!

The guaranteed plan will help you save money for your child's future expenses like their education, marriage, and many other events. Not to forget, this plan will offer a death benefit to the nominee in case of either of the parents' untimely demise. The child won't suffer as all his needs will be met. Some guaranteed plans give you the option to receive regular returns. You can choose to avail of the returns as per your planning of important events. Income through this plan is tax exempted as per current income tax laws. The premium can be paid monthly, quarterly, annually, and even on a single premium basis according to the company's policy terms.

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Nothing is more important than securing your child's future

  • Life Cover paid to family to meet immediate expense
  • Future premiums are paid by the Insurance Company

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