Child Insurance Plans

As a parent, your biggest fear regarding your child might be the constant thought of providing your child with the best of everything possible so that your child need not compromise on the needs and successfully fulfils every dream. In today's times, raising a child is indeed an expensive process wherein it is important to encompass your child's requirements.

Investing in your child's future:Nothing is more important than securing your child's future

Benefits of investing in child plan

Waiver of Premium benefits

Future Premiums are paid by the insurer upon death of policyholder

Flexible payout options

Your premiums help your child achieve their dreams through lump sum or regular payouts

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Tax Benefits^

You get tax benefits under Section 80(C) and no tax on returns under Section 10 (10D)

Investment Flexibility

It offers the flexibility to invest at regular intervals or as a one-time contribution

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Every child is different from the other and likewise are the needs and demands. However, one thing, which remains constant right from childhood until one attains adulthood, is education.

Therefore, it is not only important but also the responsibility of every parent to secure the child's future in regards to education. And, the best way to do it is to have a Child Plan, which secures the bright future of the apple of your eyes and nothing comes in between the way of your child's dreams and desires.

Believe it or Not! The ideal tool to manage your child's financial needs is to buy the right child insurance plan.

One of the key aspects of a child insurance plan is that it is a long-term investment, which allows you to build the corpus slowly with the saving you possess and takes care of the fact that you need not hold back on your child's future.

Though we duly understand the importance of investing in child insurance plans, we often get confused about choosing the plans that meet the needs. With a plethora of options available in the background, we have enlisted in the below table some of the top child insurance plans to invest in 2026.

Take a look!

Best Child Insurance Plans in India 2026^≈

Name of the Child Insurance Plan	Entry Age	Maturity Age	Policy Term
Aditya Birla Sun Life Vision Star Plan	18 years- 55 years	Max- 75 years	For Option A- 16 years to 23 years For Option B- 14 years to 21 years
Aegon Life Rising Star Insurance Plan	18 years- 48 years	Max- 65 years	25 years of less entry age of the child in years completed
Aviva Young Scholar Secure	21 years- 50 years	Max- 71 years	21 minus the child’s entry age
Bajaj Life Young Assure	18 years- 50 years	Min- 28 years Max- 60 years	10, 15 and 20 years
Bharti AXA Life Child Advantage Plan	For Regular Pay- 18 years- 50 years For Limited Pay- 18 years- 55 years	For Regular Pay Max- 71 years For Limited Pay Max- 76 years	For Regular Pay- 11 years to 21 years For Limited Pay- 11 years to 21 years
Canara HSBC Smart Junior Plan	18 years- 50 years	Max- 70 years	12 years to 25 years
Edelweiss Tokio Life- Wealth Ultima	18 years- 60 years	NA	Min- 10 years
Exide Life New Creating Life Plus	18 years- 45 years	Max- 60 years	PPT 5-years- 10 years to 20 years PPT 8-years- 12 years to 20 years PPT 10-years- 15 years to 20 years
Future Generali Assured Education Plan	21 years- 50 years	Min- 35 years Max- 67 years	17 years minus the entry age of the child
HDFC Life YoungStar Udaan	30 days- 60 years	Min- 18 years Max- 75 years	15 years to 25 years
ICICI Prudential SmartKid Solution	20 years- 54 years	Min- 30 years Max- 64 years	10 years to 25 years
IDBI Federal Life Insurance Young Star Advantage Plan	Regular Payment- 18 years- 40 years Limited Payment- 18 years-45 years	Regular Payment- 60 years Limited Payment- 65 years	11, 15 and 20 years
IndiaFirst Life Little Champ Plan	21 years-45 years	For 7-12 years- 65 years For 13-14 years- 70 years	NA
Kotak Headstart Child Assure	18 years- 60 years	Min- 28 years Max- 70 years	10-25 years
LIC – New Children’s Money Back Plan	0 year- 12 years	Max- 25 years	25 years minus entry age
Max Life Shiksha Plus Super	21 years- 50 years	For 5 Pay- 60 years For Regular Pay- 65 years	10, 15 or 25 years
PNB MetLife Guaranteed Savings Plan	For 5 pay- 8 years- 60 years For 7 pay- 6 years- 60 years (12 years term) and 3 years- 60 years (15 years term) For 10 pay- 3 years- 60 years	For 5 pay- 70 years For 7 pay- 72 years (12 years term) and 75 years (15 years term) For 10 pay- 80 years	For 5 pay- 10 years For 7 pay- 12 and 15 years For 10 pay- 20 years
Pramerica Life Rakshak Gold	For 12 years of Policy Term- 18 years- 53 years For 15 years of Policy Term- 18 years- 50 years For 18 years of Policy Term- 18 years- 47 years	Max- 65 years	12,15 or 18 years
Reliance Child Plan	20 years- 60 years	Min- 30 years Max- 60 years	10 years to 20 years
Sahara Ankur Child Plan	0 years- 13 years	Min- 25 years Max- 40 years	12 years
SBI Life – Smart Scholar Plan	18 years- 57 years	Min- 18 years Max- 65 years	8 years to 25 years
Shriram Life New Shri Vidya	18 years- 50 years	Min- 28 years Max- 70 years	10 years to 25 years
Star Life Bright Child Plan	19 years- 45 years	Max- 69 years	10 years to 25 years
TATA AIA Life Insurance Fortune Maxima	0 years- 60 years	Max- 100 years	100 minus the issuance age

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Disclaimer: ≈ Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is done in alphabetical order (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Now, let us briefly overview the top child insurance plans to invest in 2026 and beyond, along with some of the benefits offered.

Aditya Birla Sun Life Vision Star Plan

The vision star plan is designed to benefit your child in every way possible and secures your child from vulnerability and any adverse situations. With the ABSLI Vision Star plan, you need not worry about the changing dreams of your child.

Death Benefit: In case of demise of the life insured during the policy period, the nominee will receive the reduced sum assured. The maturity benefit and assured payouts will remain uninterrupted and paid timely.

Aegon Life Rising Star Insurance Plan

The rising star insurance plan is designed in a way that helps the child to outshine and achieve every dream. This plan ensures that no matter what, the child's future is always secured so that all milestones are achieved in a hassle-free manner.

Maturity Benefit: Upon maturity, the fund value, including the top-up fund value, will be received on the existing maturity date. If one does not wish to take the complete maturity sum at one go, then the settlement option could also be availed.
Aviva Young Scholar Secure

Aviva Young Scholar Secure will help your child at every important step undertaken by your child. Even if you are not around, this plan will take care of your child's educational needs.

Death Benefit: Under any adverse situation, wherein the policyholder passes away, the benefits shall be payable the benefits will be provided. However, the due premiums need to be paid to date.

Tax Benefits: The tax benefits are applicable as per the prevailing laws; however, this can be changed from time to time.
Bajaj Life Young Assure

The Young Assure Plan lets the parents plan the child's milestones monetarily while the child is growing up. It will also let one enjoy long-term investing with no financial worries for the future.

Maturity Benefit: On the date of maturity, the risk cover will cease. The maturity benefit will be received as per 2 cash instalment alternatives chosen at the initiation of the policy and are paid in instalments. The primary instalment will begin from the policy term’s end.

Additional Rider Benefit: One has the option to choose additional rider benefit options and enhance the plan. These rider benefit options, such as waiver of premium, accidental benefit, etc., can be easily availed at an extra nominal cost.
Bharti AXA Life Child Advantage Plan

This Life Child Advantage Plan secures the bright future of the child and prepares the parents against any eventuality that would otherwise affect the ambitions of the child even if the parent is not around at any point in time.

Maturity Benefit: On the premise of the maturity benefit alternative that is selected at the beginning of the policy, the benefit will likewise be paid to the insured life when the policy is active, and the premiums have been paid. In case of demise of the life insured, the nominee will receive the benefits provided the policy is still active.
Canara HSBC Smart Junior Plan

Regardless of whether you are around or not, Canara HSBC’s Smart Junior Plan is designed in such a way, which fulfils the educational needs of your child. It also lets you plan early as with every passing age; the dreams also get changed.

Tax Benefits: The tax benefits are accessible based on the premium paid and on the benefits obtained during the term under Section 10 (10D) and Section 80C of the Income Tax Act, 1961. It is to be noted the laws related to tax are subject to amendments.

Death Benefit: In case of demise of the insured, listed below are some of the benefits that will be payable:
- 10 times of the annualized premium
- Sum Assured
- No prospective premium be paid, and no termination of the policy and will be into effect till the policy term
- 105% of the complete premium paid until the date of demise less underwriting additional premium, in case
Survival Benefit: You will get the guaranteed yearly payouts toward the finish of every one of the last 4 approaches before the maturity year gave that all due premiums are paid. You can use these ensured payouts to support the prospective educational requirements of the child.
Edelweiss Tokio Life- Wealth Ultima

The Wealth Ultima will help you to financially support your child and help them to accomplish their goals. Make sure that your child gets the maximum even if you are not around.

Maturity Benefit: At the end of the policy term, when the life is insured survived with the policy still in force, the fund value will be paid as a maturity benefit. However, you have the alternative to collect the maturity, not at one go but in instalments. This alternative is referred to as the settlement option.

Exide Life New Creating Life Plus

This New Creating Life Plus plan will help the child to become a champ of the coming times. It will safeguard the future of the child and provide financial security and imbibe long-term disciplined savings.

Maturity Benefit: The maturity benefit should not be less than 105 per cent of the complete premiums paid.
Future Generali Assured Education Plan

In case of any unfortunate circumstance, the Assured Education Plan will take care of your child's educational needs and enables you to save in a systemized way and use the money so that your child can achieve milestones and have a flourishing career.

Maturity Benefit: As chosen at the commencement of the plan, 100% of the sum assured will be paid.

Death Benefit: During the untimely demise of the life assured, the death sum assured will be remunerated to its nominee mentioned in the document. Apart from this, every year on the death anniversary of the life assured till the policy term; the company will likewise pay 5% of the sum assured.
HDFC Life YoungStar Udaan

HDFC Life YoungStar Udaan- Child Plan lets you enjoy the status of your child's proud parents and see your one touching heights of success and never-ending happiness. Protect the blooming future of your child and let not they think in regards to monetarily aspect.

Maturity Benefit: Based upon the financial goals of your child, you can avail any of the three maturity benefit options, and these alternatives are of generally two types majorly:
- Endowment Plans: This is an alternative wherein the lump sum is paid at maturity.
- Moneyback Option: Alternatives dependent on the payouts offered over the most recent 5 years before maturity.
ICICI Prudential SmartKid Solution

ICICI Prudential SmartKid solution provides your child with one complete protection, and as a parent, you need not compromise upon the career of your child regardless of the growing expenses in the education sector.

Maturity Benefit: When the policy gets matured, you will attain a fund value as well as top-up fund value in case of any. This will be paid regardless of the survival of the life assured until the date of maturity. It could be either availed as a lump sum or using the settlement alternative in the form of a structured payout.

Death Benefits: The tax benefits largely depend upon the premiums paid along with the existing laws, which is amended from time to time.
IDBI Federal Life Insurance Young Star Advantage Plan

The Young Star Advantage Plan is designed to fulfil the child's financial needs, which helps to build a future even if the parent passes away. This plan provides a guaranteed payout that helps the child achieve every important milestone without facing many hassles.

Maturity Sum Assured: This is used as the sum assured to determine the maturity benefit and the premium. At every important stage of the child life, it will be paid out as guaranteed yearly payouts. One can select the maturity sum assured upon the premise of the sum of the guaranteed yearly payouts that one wishes to receive.

Guaranteed Additions: It is essentially accrued to the policy at the beginning of every year for the initial three years at a 3 percent rate every annum of the maturity sum assured. The accrued additions are then payable at maturity time.
IndiaFirst Life Little Champ Plan

The Life Little Champ Plan will take care of the child's dreams and offer protection as well. It offers constantly guaranteed payouts that will help the child complete the educational needs, and the child's future also remains secured with comprehensive protection in regards to finances.

Death Benefit: The higher of the sum assured on the demise or 105 percent of the complete charges covered barring any expense and endorsing additional premium, assuming any, as on date of demise of the existence guaranteed. Total Assured on death is indicated as the greatest of multiple times of the annualized premium or the sum assured upon maturity or an outright sum guaranteed is to be paid on demise.
Kotak Headstart Child Assure

The Kotak Headstart Child Assure Plan comes uploaded with numerous benefits and provides financial security via triple benefits and affluence to the financial requirements of the child.

Death Benefit: In the event of the death of the Life Assured, the beneficiary will get Triple Benefit as mentioned below:
- Basic sum assured paid without any delay.
- Premium Waiver - Premium payment obligation closes down, and all future premiums will be added to the fund value.
- The policy will continue, and the fund value will be paid at maturity.
Maturity Benefit: At maturity, one can take the full fund value to and likewise fulfill meet the financial necessities of the child. Moreover, by choosing our settlement option, one can also choose to collect the maturity proceeds in cash partly and the balance by way of installments for 5 years after maturity.
LIC – New Children’s Money Back Plan

LIC New Children’s Money Back Plan is non-linked, with a regular premium payment policy intended to meet the educational, marriage,, and other growing needs through survival benefits. This plan also provides risk cover to the insured child. This child plan has benefits of both savings as well as protection.

Death Benefit: Demise of the life assured before the date of initiation of the risk: Return of the premium excluding extra premium, taxes, and rider premium, if any.

The demise of the life assured after the beginning of the risk: the sum assured + the revisionary Bonuses + and the final additional Bonus.

Maturity Benefit: Upon the surviving life assured the stipulated maturity date, the sum assured on Maturity (40 percent of the basic sum assured) + the revisionary Bonuses + and the final additional bonus, if any, shall be payable.

Survival Benefit: On the life assured, surviving the policy anniversary after completing 18, 20, or 22 years of age, with 20 percent of the basic sum assured on every occasion, should be payable. It should be noted that the policy should be active.
Max Life Shiksha Plus Super

With Max Life Shiksha Plus Super, you can easily start planning for your child's future at an early stage. This plan will protect the financial needs of your child and take care of other developing aspects of your child in terms of education, etc.

Guaranteed Loyalty Additions: Towards the end of every policy year, initiating from the 11th year, a fund value of 0.20% will be added by creating additional units to the fund.
PNB MetLife Guaranteed Savings Plan

The Guaranteed Savings Plan secures the futures alongside guaranteed returns and also secures the future of the family. It will help the child to grow, and complete education and at maturity receive guaranteed benefits.

Maturity Benefit: Upon the survival of the life assured until the policy term ends, the sum assured upon the maturity, including the accrued guaranteed additions, would be paid only when the due premiums are received.
Pramerica Life Rakshak Gold

Guaranteed Maturity Benefit: The maturity benefit is guaranteed at the commencement of the plan primarily because the policyholder is into any sort of surprise when receiving the benefits of the plan.

Tax Benefit: Avail the tax benefits upon the paid premiums, and one will be able to receive the benefits as per the existing laws, which are also likely subject to change at some point in time.
Reliance Child Plan

This plan takes into consideration and ensures the child's growth remains financially undisturbed even if you are not around and your child can pursue and accomplish all desired goals.

Guaranteed Benefits: You will receive both death and survival benefits. Besides, a sum assured of 25% will be paid upon the last three anniversaries before the maturity occurs regardless of the life assured’ survival.
Sahara Ankur Child Plan

Go that extra mile and opt for Sahara Ankur Child Plan as it will give your child the wings to fly and touch heights of success and will not be in distress thinking about the monetary aspect.

Coverage Till the Policy Anniversary: In case the membership of the group plan comes towards the end in between the policy year, coverage will be received until the time the policy completes its anniversary.
SBI Life – Smart Scholar Plan

By investing in the SBI Life Smart Scholar plan you will give wings to your child to achieve his goals. Besides, you will also be able to achieve dual benefits of market-linked returns upon your hard-earned invested money.

Maturity Benefit: The fund value will be paid as a lump sum when the policy term gets duly completed.
Shriram Life New Shri Vidya

With Shriram New Shri Vidya Plan lets your child’s aspirations take place, and you need not worry about the financial aspect of the child's educational requirements.

Survival Benefits: If there should be an occurrence of the endurance of the life assured up to the finish of every one of the most recent four years of the policy, giving the arrangement is in power, 25% of the basic sum assured toward the finish of every one of the most recent four years will be paid.
Star Life Bright Child Plan

Under any unfortunate circumstances, even if you are not around your child, SUD Life Bright Child will take care of your child's financial necessities and help him build a flourishing career.

Benefit Booster: It is an amount, which is generally paid towards the end of the policy term and, depending upon the age of your child when buying the plan, choose the option such as career endowment and wedding endowment.
TATA AIA Life Insurance Fortune Maxima

This Fortune Maxima plan enables one to accomplish the long-term goals and leaving a secure future for the child. It ensures to protect every dream over the lifetime with efficiency.

Maturity Benefit: Upon the survival to the end term of the policy, one will obtain the complete fund value that is the sum of the single premium fund value/ regular and the top-up premium fund value, whichever is applicable upon NAV maturity date.

Therefore, whenever you intend to buy a child insurance plan, ensure that you assess your requirements.

Before you sign the dotted line, have a thorough read of the policy and secure the future of your child.

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Insurers Offering Child Plans

Tata AIA Child Plans

Aditya Birla Sun Life Child Plans

Bajaj Life Child Plans

Axis Max Life Child Plans

HDFC Life Child Plans

ICICI Prudential Child Plans

Bharti AXA Life Child Plans

Edelweiss Life Child Plans

Kotak Life Child Plans

Future Generali Child Plans

PNB MetLife Child Plans

SBI Life Child Plans

Aviva Child Plans

Bandhan Life Child Plans

Canara HSBC Child Plans

IDBI Federal Child Plans

IndiaFirst Child Plans

Pramerica Life Child Plans

Reliance Life Child Plans

Sahara Life Child Plans

Shriram Life Child Plans

Star Union Child Plans

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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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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
^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.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.