Why You Need a Child Insurance Plan
Education costs in India are rising at 10-12% annually. A professional degree that costs ?10 lakh today will cost ?40+ lakh in 15 years. A child insurance plan ensures your child's education fund is protected even if something happens to you.
Education Funding
Build a dedicated corpus for school, college, and higher education expenses.
Waiver of Premium
If the parent passes away, future premiums are waived but the plan continues for the child.
Wealth Creation
Long investment horizon (15-20 years) means even modest SIPs can grow into large corpus.
Goal-Based Payouts
Receive money at key milestones — graduation, post-graduation, marriage.
Types of Child Plans
Child ULIP Plans
Market-linked returns with insurance cover on parent's life. Premium waiver benefit if parent dies. Lock-in: 5 years.
Child Endowment Plans
Guaranteed returns with insurance. Lower returns but safe and predictable. Ideal for conservative parents.
Sukanya Samriddhi Yojana
Government scheme for girl child. Current interest rate ~8%. Tax-free under EEE category. Maximum ?1.5 lakh per year.
Mutual Fund SIPs (Our Recommendation)
Term insurance on parent's life + SIP in equity mutual funds. Gives maximum protection AND highest potential returns.
Education Cost Projection
| Education Type | Current Cost | Cost in 15 Years (10% inflation) |
|---|---|---|
| Engineering (India) | ?8-15 Lakh | ?33-63 Lakh |
| Medical (India) | ?20-80 Lakh | ?84 Lakh - ?3.3 Cr |
| MBA (India - Top) | ?15-25 Lakh | ?63 Lakh - ?1 Cr |
| Study Abroad (UG) | ?30-60 Lakh | ?1.25 - ?2.5 Cr |
Calculate Your Child's Education Fund
Use our Education Cost Calculator to find out exactly how much you need to save each month.
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