Postal Life Insurance Scheme for Girl Child and Women

For a family, having a child plan is a vital requirement, as it helps the parents to meet the educational and marriage expenses of their child. With an emphasis on the women empowerment and girl child education, the new government has made a sincere effort at designing women and girl child oriented schemes to safeguard their present and have a bright future ahead, regardless of life’s atrocities. Often, insurance companies sell customized plans, but now the government organizations; such as, the Postal Department has jumped the bandwagon and has designed competitive child plans with the sole focus on women and girl child.

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

Wealth Boosters

Get rewarded with Wealth Booster and Loyalty Bonus for staying invested with us

Zero Commission

We charge no commission when you buy from us. Also buy online & get extra

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

We are rated⁺⁺

15.8 Crore

Registered Consumer

Insurance Partners

7.16 Crore

Policies Sold

In-Built life cover

Invest ₹10k/month your child will get ₹1 Cr^# Tax-Free^*

Your Name

+91

Mobile Number

Your personal information is secure with us

By continuing you agree to receive assistance and agree to our Privacy Policy, Terms of Use

This new move made by the Indian Postal Department will significantly improve the status of the women especially in the rural areas. Being in their nascent stage, these schemes will offer great financial help in bringing up the girl child. Although, the scheme will take some time to get started, but it will not be long before these plans will be executed on full scale.

National Award winner Anjali Devasher, member Postal Services Board confirmed that the schemes will be in effect, once they are implemented across all the seven pilot circles. It is about time something like this came up in the patriarchal society.

The Postal Life Insurance plan was first launched in 1884 exclusively for the post office employees. However, today the scheme is available to all the employees of the Central and State governments giving the citizens a better option to provide for their daughters and women.

The Postal Life Insurance Scheme for Girl Child and Women has been implemented for the defense and paramilitary forces, and the Education sector. Earlier in 1995, this plan had been rolled out for the rural people as the Rural Postal Life Insurance Scheme.

Foreign Direct Insurance investment will not affect the schemes offered by the Indian Postal Department. The clientele is fixed, that’s why it won’t happen. The number of policies under this new scheme signed up so far has reached a staggering figure of Rs.2.86 crores. The corpus size measures to be Rs. 55,000 crore, and the total sum assured for all policies is Rs. 2,01,373 crores. What these numbers together indicate that every girl child in the country will receive her right to education and health without fear. Facilities like schooling and health care will no longer be a challenge after such policies comes into effect.

Child plans Articles

Explore the popular searches and stay informed

˜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.