• Get Life Cover worth Rs.1 Crore at Rs.17 per day2 – Bajaj Allianz Life Smart Protection Goal

  • Apne life goals ki guaranteed1 hona Ye Bhi Sahi Hai

  • Fulfill your Life Goals with Bajaj Allianz Life Goal Assure

  • Here's a Comprehensive Tool To Plan Your Child's Future

  • There is lot to remember in Life, Set renewal premium payments to Auto Pay

  • Get your Life Goals Done with Bajaj Allianz Life Smart Assist – BINA MILEY MIL-KAR

  • Paying your Renewal Premium is Quick and Easy!

  • Know the right amount of Insurance you need in just a few steps!

  • Avail Term Insurance Tax Benefits under Section 80D

  • Know how to invest money during the covid-19 pandemic!


Thanks for showing your interest. A representative from
Bajaj Allianz Life will contact you shortly.

Dear Customer, we request you to connect with us in our next business working hours, (Monday to Saturday 24*6) Thank you, Have a great day ahead


I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business


Please refer to BALIC Privacy Policy

In this policy, the investment risk in investment portfolio is borne by the policy holder.

Strong Long Term Fund Performance Track Record**

One Of The Most Trusted Brands#

Know about Child Insurance plan and its various features!

Tax Benefits~ On Online ULIP Plans

Please enter a Name
Please enter a Mobile No.
Please check the box to proceed
WS_LIGuideHome_Banner_EN 307 38983691 WS_LIGuideHome_Banner_HI 307 38983695
WS_LIGuideHome_Banner_Mob_EN 307 38983693 WS_LIGuideHome_Banner_Mob_HI 307 38983677
Please Select Language

**, #, T&C Apply | BJAZ-WB-EC-02755/21

Know All About Child Insurance Plans and its Features

By : Bajaj Allianz Life


What is Term Insurance?


When it comes to investment planning, prioritising your child's future takes precedence. This is because rising education costs, health care costs, and wedding costs are all key components of your financial plans. As a result, having a solid financial plan in place for your child is critical.

You've probably heard statements that buying an online term plans or regular plans is one of the preferred approaches to protect your nominees against the financial uncertainties arising out of the possibility of your dying young. They most certainly are, as they offer a high level of coverage at a reasonable cost, as well as a lump sum payment in the event of the policyholder's premature death during policy tenure. The term policy then comes to an end.


What is the Child Policy?


A child plan pays out a lump sum after the policyholder passes away, but it does not end there. All future premiums are waived, and the insurance provider manages the investments on behalf of the policyholder, depending on the terms and conditions of the policy. When you are not present, a child plan will assist your kid's ambitions, from higher education to wedding preparation. It will act as a "financial parent" for your child when he or she is most in need.


Features of Child Plans



• Premiums


In child plans, you have the option of paying your premium for a limited period or on a regular basis. The amount will be determined by the maturity and amount assured that you choose.


• Amount guaranteed


Your child insurance plan may be able to offer a lump-sum payout in the event of the policyholder's untimely death. After that, the insurer continues to pay the premium on the insurer's behalf until the tenure ends.


• Tenure


Child plans are often available between the ages of 0 and 21. However, some plans have a greater upper age limit. Child plans last from the time the child is born until he or she reaches a certain age.


• Benefits on both sides


With a child plan, you can get both insurance and a savings. All of this is contained under a single policy. It allows you to save money while also protecting you financially.


• Partial Withdrawals are permitted.


You can make partial withdrawals from a child plan. This ensures that your financial needs are met in the event of an emergency. You can also use this money to pay off any other debts you may have.


Which One Should You Buy for Your Child's Future?


There are many different types of child plans available on the market, and they vary depending on the insurance company. A child plan should be established based on your needs and the future needs of your child.

Consider the following:

  • Financial assistance available to your child.
  • Budget-friendliness
  • Provides a safe haven for your child's dreams
  • Conditions of withdrawal


Wrapping Up


The finest and most highlighted benefit of obtaining a child plan is the financial help supplied to your child at various phases of their life. Higher schooling, marriage, or any other financial emergency are examples of these stages. Now is the time to protect your child's dreams.


#Survey conducted by brand equity – Nielsen in March 2020

~Tax benefits as per prevailing Income tax laws shall apply. Please check with your tax consultant for eligibility.

**Past performance is not indicative of future performance.

The above information is for general understanding and is meant to educate the general public at large. The reader will have to verify the facts, law and content with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information.