A regular premium unit linked life child insurance plan is ideal to plan for higher education, marriage, and financial security of your child. This policy offers 100 percent protection to your child even if on the event of your death. It is also a unique investment opportunity for professionally managed investment funds and allows you to make partial withdrawals for various unplanned expenses in the future.

An important feature of the plan in a unique child insurance investment opportunity by giving you access to professionally managed Investment Funds among other key aspects mentioned above. In order to qualify for the plan you will have to insure yourself under the policy. The age of life insured is 21 years to 50 years. The age of child could be anywhere between 91 days to 15 years. The maximum maturity age of the life insured is 60 years. The policy duration is minimum 10 years and maximum 25 years: The policy term should be such that the age of child, policy maturity is greater than or equal to 16 years and less than or equal to 25 years.


On maturity, the child insurance company will pay you the Fund Value, for your Child’s benefit. However, if you do not want the proceeds on maturity you may choose to defer payment of proceeds to up to 5 years by opting for the Settlement option. 100% of sum assured shall be paid on death of life insured. The child insurance company shall continue to operate the Unit Account even after death of life insured until maturity date. The child insurance company will itself bear and pay all future ATP as per fund allocation chosen by policyholder until maturity date and provide proceeds for the benefit of the Child.

A Family Income Benefit at the rate of 5% of Sum Assured will be paid to the nominee or beneficiary on each policy anniversary following the death of the Life Insured until maturity date. However, cumulative payout under the Family Income Benefit will not exceed 100% of the sum assured. In case of critical illness affecting the parent, lower of 50% of sum assured shall be paid immediately. The insurance provider shall continue to operate the Unit Account even after the death of the Life Insured. In case of death of Life Insured after suffering from critical diseases as mentioned, 100% of Sum Assured will be paid without adjusting or recovering the dread disease benefit already paid.


The life insured have the options to direct his or her investments in to a number of unit linked investment funds such as secure, conservative, balanced, growth or growth super plans. These funds invest in fixed income and equity assets through various methods such as switching, premium re-direction, partial withdrawal, and surrenders.

Through the switching method, the policy allows you to switch between funds and allows you to change your risk return profile of your existing investments, safeguarding and increasing your investments for your child. You have the flexibility to make six free switches in a policy year.