Apr 28, 2025

Khushi Rawat

10 Best Insurance Plans For Your Child’s Future- List


Worry Aside!

Worried about your child’s future? What will they do without their parents? --- Don’t worry. The Indian government has introduced a child insurance plan, the right solution to your problems. 

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Why Do We Need Child Insurance Plans?

The government has launched child insurance plans to ensure financial security for children's futures, covering education, healthcare, and other needs, even if parents face unforeseen challenges. 

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Best Insurance Plans

Why look for easy when you can get the best for your children? Here’s a list to help you choose the best insurance plans for your child's future in India. 

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ABSLI Wealth Smart Plus-WOP

The plan is for children aged 18 to 60, with a maturity age of 28 to 75. The minimum annual premium is Rs 12,000, and the minimum sum assured is Rs 120,000. 

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Axis Max Life Online Savings Plan- Child Plan

The plan is for adults aged 18-60, maturing up to 85. The minimum annual premium is Rs 12,000, with an assured sum of 5 to 20 times the premium. 

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Bajaj Allianz Smart Wealth Goal V- WOP

The plan eligibility is for 18-60 years with a maturity plan at 28-70 years—the minimum annualised premium with regular pay is Rs 12,000 and a single income of Rs 48,000 p.a. The plan assures a minimum sum of 5 to 7 times the annualised premium.  

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Canara HSBC Life Promise4Growth- Care

The plan eligibility is from 18 to 50 years, with plan maturity age at 28 to 80 years. The minimum annualised premium is Rs 12,000 p.a. The minimum sum assured is 10 times the annualised premium.  

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HDFC Life Sampoorn Nivesh Classic Waiver Benefit

The plan allows 18-52 years of entry and maturity at 28 to 85 years. The minimum annualised premium single pay is Rs 12,000, and annual pay is Rs 12,000. The minimum sum assured is 4 times the single premium and 40 times the annualised premium.  

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ICICI Pru Signature Assure- WOP

The plan allows 18-50 years of entry age with 33-65 years of assured maturity age. The minimum annualised premium is Rs 48,000 p.a. and 7 to 10 times the premium sum assured.  

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Kotak Life E-Invest- Rising Star

The plan allows 18-45 years of entry age with 28-60 years of assured maturity age. The plan provides the minimum annualised premium of 5/7 PPT of Rs 18,000 and 10 years of regular pay of Rs 9,000, which is 10 times the premium sum assured.   

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LIC Index Plus

The plan allows 18-60 years with a maturity age of 28-85. The plan assures a minimum annualised premium of Rs 30,000 p.a. and a 7 to 10 times annualised premium.  

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Pramerica Life Smart Invest 1up- Dream Builder

The plan allows 18-50 years of eligibility criteria up to 99 years. The minimum assured premium is Rs 36,000 pa., with a 7 to 10 times assured annualised premium.  

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Tata AIA Life Smart SIP- Future Secure

The plan allows 18-65 years of eligibility with a maturity age between 28 and 85. The minimum annualised premium of regular pay is Rs 6,000 pa. With 5 to 7 times the premium sum assured.   

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