Future Generali Life Child Plan

Future Generali Life Child Plan is a savings product that is designed to secure the future of your child financially. This plan offers financial protection as well as investment opportunities tailored to meet the evolving needs of your child. It ensures peace of mind while nurturing the dreams of your child with flexible options and benefits.

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
Nothing Is More Important Than Securing Your Child's Future

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

+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
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.

What is the Future Generali Life Child Plan?

Future Generali offers a key child plan, called the Future Generali Assured Education Plan. It is a guaranteed income plan designed to help you save for your child's future education needs.

Features of Future Generali Life Child Plan

  • Guaranteed Education Milestones: Future Generali Assured Child Education Plan guarantees a predetermined sum for specific education milestones like graduation or post-graduation.

  • Flexible Premium Payments: You can choose between regular premium payments (monthly or annually) to gradually build up the corpus over time.

  • Customizable Payout Options: Various options for receiving guaranteed payouts allow flexibility to decide when funds are needed for your child's education.

  • Financial Stability in Case of Demise: In the event of your demise, all future premiums are waived off, and the guaranteed sum assured is provided to your family for financial stability.

  • Enhanced Protection with Riders: You can add riders for accidental death and/or accidental total and permanent disability to enhance the plan's protection.

Benefits of Future Generali Life Child Plan

  • Financial Security for Your Child's Education: Invest in your child's future with guaranteed payouts at key educational milestones.

  • Guaranteed Payouts: Receive 10% of the Sum Assured at ages 18 and 20, and 70% at age 22.

  • Death Benefit: In case of demise, all future premiums are waived, and 5% of the Sum Assured is paid annually until your child is 17.

  • Flexibility and Customization: Choose premium payment frequency and add optional riders for extra protection.

  • Additional Considerations: Tax benefits under Section 10(10D) and Section 80C are provided as per Income Tax Act, 1961.

Investment Investment
Secure Secure
Child Banner
Secure your child’s future with or without you
Start Investing
â‚ą10,000/Month
& Get
â‚ą1 Crore*
*Standard T & C Apply

People also read: Sukanya Samriddhi Yojana

List of Future Generali Life Child Plan

Future Generali offers a child life insurance plan called Future Generali Assured Child Education Plan. Let us have a quick overview of the Future Generali Life Child Plan: 

Future Generali Life Child Plan

Entry Age

Maximum Maturity Age

Premium Payment Term (PPT)

Policy Term (PT)

Minimum Annualised Premium (in Rs.)

Tax Benefits u/ IT Act, 1961

Future Generali Assured Education Plan

Child: 0 -10 years;

Parent: 21 – 50 years.

Parent: 35 – 67 years

Same a PT

17 years minus (-) Child’s Entry Age

â‚ą20,000

Section 80C and Section 10(10D)

Future Generali Assured Education Plan

The Future Generali Assured Education Plan is a child education plan offered by Future Generali India Life Insurance Company Limited. It is a type of guaranteed income plan that helps you save systematically for your child's future education expenses, like graduation or post-graduation college fees.

Invest More Get More
Invest â‚ą10K/Month YOU GET â‚ą1 Crores* For Your Child View Plans
Invest â‚ą8K/Month YOU GET â‚ą80 Lakhs* For Your Child View Plans
Invest â‚ą5K/Month YOU GET â‚ą50 Lakhs* For Your Child View Plans
Standard T&C Apply *

People also read: Sukanya Samriddhi Yojana Calculator

Features of Future Generali Assured Education Plan

  • Guaranteed payouts: You can choose from three options to receive guaranteed payouts at different milestones in your child's education. 

  • Maturity benefit: You receive a lump sum amount (Sum Assured) at the end of the policy term, as per your chosen payout option.

  • Death benefit: In case of your unfortunate demise, the plan provides financial support for your child's education:

    • Immediately pay a guaranteed sum to address your family's immediate needs.

    • Pays out a fixed percentage of the sum assured annually until your child turns 17, helping with ongoing educational expenses.

  • Policy term: The policy term is 17 years minus the child's age at the time of purchase. So, the minimum term is 7 years (if the child is 10 years old) and the maximum is 17 years (for a newborn).

  • Premium payment: You can choose to pay premiums monthly or annually.

  • Riders: You can opt for additional riders like accidental death and accidental total and permanent disability benefits to further strengthen the plan's protection.

Unique Triple Benefit
  • Future premiums paid by insurer on parent's death
  • Monthly income to fund child's education on parent's death
  • Lumpsum payout to family on parent's death
Returns
  • Return as of Apr 2024
  • 12%-15%
  • 8.2%
  • 7.1%
Availability
  • Availability
  • Girl Child or Boy Child
  • Girl child only
  • Girl Child or Boy Child
  • Max Entry Age
  • Upto 18 years
  • Upto 10 years
  • No Age Limit
Flexibility
  • Invested Amount can be Withdrawn after
  • 5 years
  • 21 years
  • 15 years
  • Conditions for Premature closure
  • Anytime after 5years
  • Extreme Compassionate Grounds
  • Serious Ailments or for education
  • Penalty on Premature Closure
  • No Penalty after 5 years
  • Returns reduced to Post Office Savings rate
  • 1% reduction in interest rate
  • Max deposit amount in an year
  • No Limit
  • 1.5 Lacs
  • 1.5 Lacs
Documentation
  • Documentation Required for Withdrawal
  • Low
  • High
  • Low
View Plans

In Summary

The Future Generali Assured Education Plan offers peace of mind and financial security for your child's education. With guaranteed payouts, flexibility in premium payments, and optional riders for added protection, this plan ensures that you can confidently invest in your child's future without worrying about financial barriers.

Future Generali Life Child Plans - FAQs

  • What is the Future Generali Life Child Plan?

    The Future Generali Assured Child Education Plan is a guaranteed income plan designed to help you save for your child's education. It offers guaranteed payouts at key milestones in your child's education journey.
  • What are the benefits of the Future Generali Assured Child Education Plan?

    The key benefits of Generali Assured Child Education Plan are as follows:
    • Guaranteed payouts: The plan offers three options to receive guaranteed payouts at your child's ages 18, 20, and 22, which coincide with important education milestones.

    • Life cover benefit: In case of an unfortunate event, the plan waives off future premiums, provides a death benefit, and ensures your child receives guaranteed monthly payments until they turn 17.

    • Tax benefits: Premiums paid and maturity benefits are eligible for tax deductions under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

  • For whom is the Future Generali Life Child Plan suitable?

    The Future Generali Life Child Plan is suitable for young parents who want to:
    • Secure their child's education with guaranteed payouts.

    • Get life cover to protect their child's future financially in case of an unforeseen event.

    • Build a disciplined savings habit towards their child's education.

  • What is the policy term of Future Generali Life Child Plan?

    The policy term of the Generali Assured Child Education Plan is determined by the chosen option for guaranteed payouts, ranging from 18 to 22 years.
  • Can I increase the sum assured or premium payments later?

    The Generali Assured Child Education Plan may offer limited options for increasing the sum assured or premium payments. It's advisable to check with Future Generali for specific details.
  • How to pay premium? What are the modes of payment available?

    Future Generali India Insurance offers three ways to the clients for paying the premium
    • Auto Debit
    • cheque deposit at Branch
    • Online payment
    • Pay by Phone
  • How can I check policy status for Future Generali Life child plans?

    You can check the policy details from the website of the company with your valid username and password.
  • What is the policy renewal process for Future Generali Life child plans?

    You can renew the policy by login to e-Portal with policy details. Select the payment option (Debi/credit card or by Net Banking) to pay. Finally, print/save the e-receipt.
  • What is the company’s process to settle claim for Future Generali Life child plans?

    The company settles the claims within 7 days, provided the documents and the claims form is correct. You will have to apply for the claim at the company through email.
  • What is the policy cancellation process for Future Generali Life child plans?

    Simply walk into the nearest branch office with your policy documents and duly filled surrender form. It would take 5 business days to process the cancellation request and deposit the refund premium. An intimation letter on cancelled policy will be posted your registered address.

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. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^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.
¶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 lumpsum benefit is calculated if policyholder invested ₹10000 monthly for 10 years in the fund with a policy term of 20 years. This Point To Point past performance data of last 10 years has been used to illustrate a scenario for the customers benefit. It is assumed that the past 10 years returns would have also been delivered in last 20 years. This is not guaranteed and not in anyway indicative of what the customer may actually get 20 years from now. The investment is subject to market risk and the risk is borne by the policyholder.

Child Plan

Investment

Child Plan

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

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 Plan 2
Average Rating
(Based on 26 Reviews)

Child plans articles

Recent Articles
Popular Articles
Mukhyamantri Mahila Utkarsh Yojana

05 Dec 2024

Mukhyamantri Mahila Utkarsh Yojana, introduced by the Gujarat
Read more
Beti Hai Anmol Yojana

05 Dec 2024

Beti Hai Anmol Yojana, launched by the Government of Himachal
Read more
Students READY (Rural Entrepreneurship Awareness Development Yojana)

05 Dec 2024

The Students READY (Rural Entrepreneurship Awareness Development
Read more
State Technical Scholarship for ST Student

05 Dec 2024

The State Technical Scholarship for ST Students, by the
Read more
West Bengal Student Credit Card Scheme

05 Dec 2024

The West Bengal Student Credit Card Scheme is a government
Read more
Top 12 Government Schemes for Girl Child
  • 29 Apr 2022
  • 88039
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
  • 15028
SBI Life Smart Scholar is an insurance scheme specifically designed to address the needs of a growing children
Read more
Prime Minister Schemes For Boy Child
  • 05 Apr 2022
  • 20371
The Prime Minister Schemes for Boy Child stand as an important initiative aimed at nurturing the boy child and
Read more
Ponmagan Podhuvaippu Nidhi Scheme (PPNS)
  • 24 May 2023
  • 27775
Post Office Ponmagan Podhuvaippu Nidhi scheme is a social welfare initiative introduced by the Tamil Nadu
Read more
Best Investment Plans for Girl Child in India
  • 18 Oct 2021
  • 32368
Investing in the future of a girl child is one of the most important financial decisions a parent or guardian can
Read more

Future Generali Child Plans Reviews & Ratings

4 / 5 (Based on 26 Reviews)
(Showing Newest 10 reviews)
Anumeha
Mundrajore, March 10, 2021
Tax benefits
I have got the tax benefits when I bought the future generali child insurance plan. It is really great. I am thankful to team.
Vishesh
Atmakur, March 09, 2021
Beneficial plan
It is good to know about different plans for different needs. I get to know about the child plan into the website of the policybazaar. It was the future generali child plan which I got 1 month back. It is one of the beneficial plan. Thanks team.
Hans
Ludhiana, August 22, 2016
Totally Safe Policy
Fully satisfaction i get from your service and policy benefits. Premium are not high which i can i afford and it payed quarterly. Claims are high and coverage is very good. The procedure of sanctioning the claims is very simple because of quick service facilitated by you. Thank you for this nice child insurance policy.
Purshotam
Chaksu, July 19, 2016
Easy Returns
Future generali life insurance is the best insurer, i have child insurance plan. The policy have maximum benefits and it covers maximum expenditures for the policy owner. Service is perfect and the website of the company is very simple to access.
Manan
Kashipur, July 08, 2016
Child Plan
The child insurance which i purchase for my child is very nice with low premiums. The investment is less and the returns are high. Policy coverage is high and claims are easily sanctioned due to fast service facilitate by the company staff.
Devesh
Ahmedabad, June 28, 2016
Good
My child insurance policy plan for my child is the best insurance in less premiums. Service is good and the payback amount is fantastic which sanctioned after policy get mature. Policy coverage is good, claims are high. Internet service is nice which make's hassle free documentations. Good future investment.
Chirag
Bangalore, June 07, 2016
Fantastic Policy
I have child policy for my children from future generali India life insurance. The plan has low premiums and high returns. The policy coverage is high ~90% and the claim is high. Service is also nice with good and on time availability. Nice future investment and it saves taxes too. Daily updates about policy plan is mailed to my email address regularly. Good policy, I like the insurance plan.
Vishal
Nilgiris, June 07, 2016
Great Deal
Recently I bought a child insurance for my child from future generali India life insurance. The policy having great benefits with low premiums. The policy coverage is really good and the service is fast and on time. The claims are the best among all. Good future investment and it save taxes too.
Bhavya
Pilani, June 07, 2016
Fully Updated Plan
I buy future generali life child plan which has very good policy coverage ~ 91%. The service is also good, fast and on time. The claims are high and claiming process is easy because the executive and staff members providing good, responsive and quick services. Updates are send to me daily.
Naveen
Dholpur, June 07, 2016
Very Good Policy
Superb child plan which provided by future generali India life insurance. The policy coverage is 84% and the claims are high. The investment is low and payed quarterly per year till policy end. Service is great and fast too which facilitate by the executives and staff members. I like the policy plan.
top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL