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. 

Read more
Investing in your child's future:A wise decision & a loving choice
Benefits of Investing In Child Plan
Waiver of Premium Benefit
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~
rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold

Nothing Is More Important Than Securing Your Child's Future

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

+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated~
rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold
Disclaimer: #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 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

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.

These factors will make the Postal Life Insurance Scheme for Girl Child and Women schemes hard to ignore. And, so it’s vital that every rural family should think about getting this profitable insurance plan, after it is launched for the public.

You may also Like to Read: SBI Sukanya Samriddhi Yojana

(Source: This article has been adapted from the article "Postal Department to Come Up With Insurance Policies for Girl Child, Women " that appeared on 27th January 2015 in newindianexpress.com/)

Investment Investment
Secure Secure
Child Banner
Secure your child’s future with or without you
Start Investing
₹10,000/Month
& Get
₹1 Crore*
*Standard T & C Apply

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 based on past 10 years’ fund performance (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
*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.

child plan investment

Investment

child plan secure

Secure

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

HDFC Life

ICICI Prudential

Bharti AXA Life

Edelweiss Life

Kotak Life

Future Generali

PNB MetLife

SBI Life

Aviva

Bandhan Life

Canara HSBC

IDBI Federal

IndiaFirst

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 Plan3

Child plans articles

Recent Articles
Popular Articles
Diet Plan for PEM Child

05 Sep 2024

Caring for a child with Protein-Energy Malnutrition (PEM) can be
Read more
Diet Plan for Preschool Child

05 Sep 2024

Feeding your preschoolers a balanced diet is key to supporting
Read more
Ketogenic Diet Plan for Child

05 Sep 2024

The ketogenic diet, or keto, is a high-fat, low-carb diet
Read more
Weight Gain Diet Plan for Child

26 Aug 2024

If your child needs to gain weight, it's important to do so in a
Read more
Diet Plan for School Going Child

13 Aug 2024

A balanced diet is important for a child’s growth
Read more
Top 12 Government Schemes for Girl Child
  • 29 Apr 2022
  • 61964
Top 12 Government Schemes for Girl Child Government schemes for the girl child are a vital aspect of social welfare
Read more
SBI Smart Scholar Returns Calculator
  • 15 Mar 2022
  • 14304
SBI Life Smart Scholar is an insurance scheme specifically designed to address the needs of a growing children
Read more
Chief Minister Ladli Behna Yojana
  • 25 Sep 2023
  • 12838
The Ladli Behna Yojana is a Madhya Pradesh government initiative aimed at empowering women through financial
Read more
SBI Life Smart Scholar Plan
  • 14 Sep 2015
  • 127823
SBI Life Smart Scholar is a non-participating ULIP Child Plan which is specifically designed to fulfill the
Read more
Prime Minister Schemes For Boy Child
  • 05 Apr 2022
  • 19480
The Prime Minister Schemes for Boy Child stand as an important initiative aimed at nurturing the boy child and
Read more

top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL