IndiaFirst Life Child Plans

What are Child Plans?

Child plans are specialised financial products offered by insurance companies to help parents save and invest for their children's future financial needs, such as education, marriage, or other expenses. These plans are designed to provide a combination of investment and insurance benefits to meet the long-term goals of securing a child's future.

IndiaFirst Child Plan

IndiaFirst offers Child Plans that combine the benefits of insurance and investment to safeguard your child's interests and fulfil their long-term financial goals. These plans offer parents the opportunity to systematically save and invest in their child's education, marriage, or other important milestones in life.

IndiaFirst Life Little Champ Plan

The IndiaFirst Life Little Champ Plan is a non-linked, participating, endowment insurance plan designed to secure your child's future and provide financial protection for your loved ones. It offers a unique blend of guaranteed payouts, life insurance coverage, and bonus potential to help meet your child's critical milestones and needs. Here are the key features and benefits of the plan:

• Financial Protection: Life insurance coverage ensures your child's future financially, even in your absence. You can choose a death benefit as a lump sum payout or as regular income for 5/10/15 years.

• Flexibility: Choose the type of coverage you need - death, accidental death, or Accidental Total Permanent Disability (ATPD), or a combination of these benefits. Premiums are waived off in case of death or accidental total permanent disability.

• Guaranteed Payouts: Receive guaranteed payouts at various stages to support your child's education and other needs. Choose from 8 payout options ranging from 101% to 125% of the sum assured.

• Bonus Potential: The policy accumulates bonuses (if declared), providing additional benefits at maturity.

• Convenience: Purchase the plan online easily and choose from various policy terms, premium payment terms, and payment modes to suit your needs.

• Tax Benefits: Enjoy tax benefits on premiums paid and benefits received as per prevailing tax laws.

Investment

Secure

Secure your child’s future with or without you

Start Investing

₹10,000/Month

& Get

₹1 Crore^*

VIEW PLANS

*Standard T & C Apply

Plan at Glance

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Why Choose Child Plans?

• Financial Security: Provides a safety net for your child in case of your death or disability.

• Education Planning: Ensures dedicated funds for their educational pursuits, easing your burden.

• Goal-Oriented Saving: Helps save for specific future goals like higher education, marriage, or starting a business.

• Guaranteed Payouts: Offers regular or lump sum payouts at predefined stages.

• Bonus Potential: Enhances the benefit amount with potential bonus accruals.

• Tax Advantages: Enjoy potential tax deductions on premiums paid for additional savings.

• Peace of Mind: Gives you the assurance that your child's future is financially secure.

• Investment for Growth: Some plans allow market-linked investments for potentially higher returns.

• Flexibility: Choose from various plans and riders to match your specific needs and budget.

• Start Early: Starting early allows for longer premium accumulation and potential bonus growth.

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How to Buy Child Plans Through Policybazaar?

To buy a child plan from PolicyBazaar, follow these steps:

• Visit the PolicyBazaar homepage and navigate to the "Personal" tab.

• Click on "Child Plans" from the dropdown menu.

• Fill out the lead form by providing your name and mobile number.

• After filling out the lead form, click on the "View Plans" button.

• Provide details such as your city, income, your age, and your child's age on the next page then click "Continue."

• You will be directed to the quotes page, where you will find quotes from more than 10 insurers.

• Next, choose the plan type based on the payment schedule – whether it's a one-time payout or a Monthly Payout Plan.

• Select the plan that best suits your needs and click on "Get details". 

Following these steps will guide you through the process of purchasing a child plan from Policybazaar.