Sahara Life Child Plans

Sahara Life offers a range of child plans designed to secure your child's financial future. These plans are tailored to meet the specific needs of parents who wish to provide their children with financial security and support their aspirations.

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

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We are rated^~

7.7 Crore

Registered Consumer

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 are Child Plans?

Child plans are financial products designed to help parents save and invest in their children's future. They combine features of insurance and investment, offering a guaranteed sum of money at maturity along with life cover for the parent.

Sahara Life Child Plans

Sahara Life offers a range of child plans designed to secure your child's financial future. These plans are carefully crafted to provide a combination of savings and insurance coverage.

Sahara Ankur Child Plan

Plan Type: Unit-linked Life Insurance (ULIPs)

Target Audience: Parents looking to save for their child's future while also having life insurance coverage.

Benefits:

Investment Potential: Leveraged the potential of market-linked investments to grow the policy's value (subject to market risks).
Fund Choice and Flexibility: Offered different fund options to suit diverse risk appetites and investment goals.
Future Security: Aimed to build a substantial corpus for the child's future needs like education or marriage.
Premium Payment Flexibility: Allowed customisation of premium payment terms based on individual needs and financial planning.

Please note:

As of today (February 19, 2024), this plan is no longer available for purchase.
Any existing Sahara Ankur Child Plan policies will continue to operate according to their terms and conditions.
If you're considering a child insurance plan, it's essential to research currently available options offered by various insurers to compare features, benefits, and costs.

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Plan at Glance

Particulars	Minimum	Maximum
Issue Age	0 years	13 years
Maturity Age	25 years	40 years
Premium Paying Term	21 years minus the age of the child at entry
Minimum Policy Term	12 years
Minimum Premium	Single - Rs. 30,000/- Regular Premium - Rs. 8,000/- yearly, Rs. 4000/- half yearly & Rs. 750/- monthly (Group billing only)
Premium Payment Mode	Single Premium, Yearly, Half-yearly or Monthly

Invest More Get More

Invest ₹10K/Month YOU GET ₹1 Crores^* For Your Child View Plans

Invest ₹8K/Month YOU GET ₹80 Lakhs^* For Your Child View Plans

Invest ₹5K/Month YOU GET ₹50 Lakhs^* For Your Child View Plans

Standard T&C Apply *

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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.

Sahara Life Child Plans - FAQ

How does the Sahara Ankur Child Plan work?

The Sahara Ankur Child Plan is a unit-linked insurance plan designed to accumulate savings for the child's future.
What is the premium payment duration for the Sahara Ankur Child Plan?

Premiums are payable until the life assured reaches 21 years of age.
What are the premium payment options for the Sahara Ankur Child Plan?

Premiums can be paid either as a Single payment or through regular premiums (monthly, half-yearly, yearly).
What benefits does the Sahara Ankur Child Plan offer?

This plan offers maturity benefits, death benefits, and surrender benefits to the policyholder.
Can partial withdrawals be made from the Sahara Ankur Child Plan?

Yes, partial withdrawals of the sum assured are permitted under this plan.
Is additional protection available for policyholders of the Sahara Ankur Child Plan?

Yes, policyholders can opt for additional protection through the Premium Waiver Benefit Rider if they desire.
How to pay a premium? What are the modes of payment available?
The Sahara Life insurance company Ltd. offers different modes of premium payment namely:
- Cheque payment at the branch
- ECS ( At certain locations)
How can I check policy status for Sahara Life Child Plans?

To check the policy status login on the home page with your user name and password.
What is the policy renewal process for Sahara Life Child Plans?

To renew the policy, you can visit the nearest branch during working hours. You can also call on the customer care.
What is the company’s process to settle claim for Sahara Life Child Plans?

You can visit the nearest branch of the Sahara Life Insurance company between 10 AM to 5PM.
What is the policy cancellation process for Sahara Life Child Plans?

You can visit the nearest branch of the Sahara Life Insurance company to surrender your policy between 10 AM to 5PM. Upon succesful completion of the procedure, the refund will be directly debited in your account and the policy will stand cancelled.

†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.

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

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.

Average Rating

4.1 / 5

(Based on 22 Reviews)

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Sahara Life Child Plans Reviews & Ratings

4.1 / 5 (Based on 22 Reviews)

(Showing Newest 10 reviews)

Rakesh

Kota, July 12, 2016

★★★★★

Child Care

My child have a child insurance plan which is less in premiums but the returns are many. Policy coverage is good and claims are easy to processed. Service is fine and online renewal of the policy is possible. Hassle free documentations and it reduces paperwork.

Alisha

Ajmer, June 29, 2016

★★★★★

Child Insurance Plan

The child insurance plan i purchase for my son. Service of your team is fantastic and very quick. Policy coverage is high and premium is less. The internet service is easy to operate and anyone can easily access it. Good future security for my child.

Saurabh

Palwal, May 17, 2016

★★★★★

Good

I have sahara life child plan. Policy coverage is good 88% but the premium is low. Service provided is bit slow and claims are good and Rs.33 L is the amount i get after policy get end. The updates regarding policy is send to me regularly. I just wanted to say that satisfactory policy plan. I like the plan.

Naveen

Badlapur, May 17, 2016

★★★★★

Perfect Plan

I have the best child policy i bought from sahara life insurance and the policy plan is awesome. The policy coverage is 90% and the claims are Rs.36 L after policy get mature. The investment is low and the returns are high. Good future plan with tax protection. Daily updates send me regularly. Good work.

Bhupesh

Chaksu, May 17, 2016

★★★★★

Good Policy Coverage

I found awesome sahara life child plan. The claim is high and the policy coverage is 87%. Service you provided is fast and very quick. Daily updates are mail and texted to me. The policy is good for future investment and it saves taxes also. The policy updates are mailed to me daily. I like it.

Himanshu

Bhiwani, May 17, 2016

★★★★★

Wonderful

I buy sahara life child plan. Policy have various benefits but the policy coverage is the best ~89% is covered in the policy. Claims are high and the premiums are low. Service is good. Nice future investment which saves tax also. The behaviour of executives is very calm.

Vivek

Coimbatore, May 17, 2016

★★★★★

Service Is Good

I purchase sahara life child policy plan. The policy coverage is 90% and the claims are good with low premiums. Service you provided is very quick and the behaviour of the executives and staff members is nice. Good future investment and it reduces taxes also.

Umakant

Deoli, May 17, 2016

★★★★★

Responsive Faculty

I own sahara life child plan which has very good policy coverage ~85%. The service is also good, fast and on time. The claims are high ~ 35 L and claiming process is easy because the executive and staff members providing good response and quick services. Good investment with tax savings. Daily updates are send to me regularly.

Lalit

Ahmedabad, May 17, 2016

★★★★★

Satisfactory

I found awesome sahara life child plan for my child. The claim is high and the policy coverage is 89%. Service you provided is fast and very quick. Daily updates are mail and texted to me. The policy is good for future investment and it saves taxes also. I'm satisfied with the policy.

Nakul

Gwalior, May 17, 2016

★★★★★

Fantastic Policy Plan

The best child policy plan i bought from sahara life insurance and the policy plan is awesome. The policy coverage is 90% and the claims are 37 L after policy get mature. The investment is low and the returns are high. Good future plan with tax protection. Service you provided is very quick and on time. Good for tax saving too. Good job.

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