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Explore our Child Insurance Plans



Little Champ Plan

Product Name
IndiaFirst Life Little Champ Plan
Product Benefits
  • Guaranteed payouts 
  • Flexible premium payment options
  • Premium waiver on policyholder's demise
  • Bonus accumulation for enhanced corpus
  • Tax benefits as per prevailing laws
  • Multiple payout options to match child's needs
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Child Plan

Why do you need a child savings plan?

Educational Milestone Funding

Guaranteed child insurance plan payouts for educational expenses, ensuring a bright academic future.


Flexible Payout Options

Tailor child plans in India to match your child's key life events, offering financial flexibility.


Premium Waiver Benefit

In case of unforeseen events, future premiums are waived off, keeping the child policy active.


Growth Through Bonuses

Potential bonuses enhance the policy's value, contributing to a larger fund for your child's aspirations.


Comprehensive Life Cover

Ensures your child's financial security with insurance protection, providing peace of mind.


Tax Benefits

Enjoy tax deductions on premiums paid and benefits received, enhancing your savings.


Customisable Premium Payments

Choose premium payment terms that suit your financial planning, making it easier to manage your investments. 


Empowering Dreams: How Child Plans Work


  • Early Start, Big Advantage: Secure a larger corpus with early investments, leveraging compounding for your child's future.
  • Guaranteed Education Funding: Ensure uninterrupted education with child insurance plan guaranteed payouts at key milestones.
  • Secure Future, No Compromises: Provides financial safety for your child’s needs in case of unforeseen events. 
  • Flexible Payout Options: Tailor payouts to match educational phases or major life events.
  • Premium Waiver Benefit: Ensures child policy continuation and maturity, even post-policyholder's demise with insurer continuing to pay the premiums
  • Enhanced Savings with Bonuses: Bonuses increase the maturity benefit, offering extra financial support. 
  • Tax-Saving Benefits: Enjoy tax deductions on premiums and life insurance for children tax-free maturity benefits. 
  • Customised Financial Planning: Adjust terms and add riders to fit your financial goals.

Child Plan Enrollment Journey

Step 1

Set Your Financial Goal

Determine the financial support you aim to provide for your child's education and milestones with a suitable child saving plan.


Step 2

Customise Your Plan

Use online calculators to decide on the premium, child insurance plan policy term, and visualise the maturity benefits.


Step 3

Tailor with Add-Ons

Select additional benefits like premium waivers or critical illness cover to enhance the child policy protection. 


Step 4

Payment and Confirmation

Complete your application and secure your child's future with an easy online payment process for your chosen child insurance policy. 


Why Choose IndiaFirst Life?

At IndiaFirstLife, you can choose from various premium paying terms also choose the payout options according to your choice.


Trusted by 1.6 Crore Customers for their life insurance policy

Promoted by Bank of Baroda

High Claim Settlement Ratio of 98.04%

Seamless Online and Offline Experience

100% Genuine Claims are Settled in 1 day.

Child Plan Features

Explore the comprehensive features of our Child Plans, designed to secure your child's future with guaranteed payouts, premium waiver benefits, customizable premium payments, tax benefits, bonus accumulation, online purchase convenience, and multiple payout options. 

Guaranteed Payouts

Secure your child's future with payouts ranging from 101% to 125% of the Sum Assured during the policy term, ensuring a robust child insurance plan.


Premium Waiver Benefit

In case of the policyholder's demise or accidental total permanent disability, future premiums are waived off, ensuring the child policy continues uninterrupted.


Comprehensive Life Cover

Offers life insurance cover to protect your family, with options for accidental death and disability, ensuring adequate life insurance for children.


Customisable Premium Payments

Flexibility to choose from monthly, quarterly, half-yearly, or yearly premium payment modes, tailor-fitting your child plan policy.


Tax Benefits

Enjoy tax deductions on premiums paid and benefits received under prevailing tax laws, making it an attractive child insurance policy.


Bonus Accumulation

Potential to grow your investments with simple reversionary bonuses and terminal bonus, if declared, enhancing the value of your child life insurance plans.


Multiple Payout Options

Offers eight payout options to match your child's educational milestones and financial needs, providing flexibility in your child plans in India.


What are child plans, and who needs them?


A child plan is a specialised child insurance plan designed to secure a child's financial future, ensuring funds for milestones like education and marriage. It's essential for parents or guardians looking to provide financial stability for their children. 

Can I change the premium payment frequency?


Yes, most child plans offer flexible premium payment options to suit your financial preferences, including monthly, quarterly, semi-annual, or annual payments.

How much do child plans cost?


The cost varies based on factors like the child's age, the sum assured, and the policy term. Generally, premiums are affordable and can be tailored to fit your budget. 

Do child plans offer a maturity benefit?


Typically, child plans provide a maturity benefit if the policyholder survives the policy term. This payout can be used to fulfil the child's financial requirements.

How much coverage should I opt for in a child plan?


It's recommended to choose an assured sum that adequately covers your child's future financial needs, including education expenses, marriage costs, and other life goals.

Can I customise the child plan with additional benefits?


Yes, many child plans come with optional riders or add-ons that offer enhanced protection, such as critical illness cover, premium waiver in case of the policyholder's demise, or accidental death benefit. 

Are there any tax benefits associated with child plans?


Yes, premiums paid towards child plans are eligible for tax deductions under Section 80C of the Income Tax Act. Additionally, maturity proceeds are tax-exempt under Section 10(10D), making child plans a tax-efficient investment tool.

What are the policy terms and conditions I should be aware of?


Before purchasing a child plan, it's essential to understand the policy terms, including exclusions, surrender values, loan facilities, and grace periods. Be sure to review the policy document carefully for complete clarity. 

Eligibility Criteria

Age at Entry

  • Minimum: 21 years

  • Maximum: 45 years 

Age at Maturity

  • For Premium Paying Term 

    o     7 to 12 years - 65 years
    o     13 to 14 years - 70 years

Premium Paying Term (PPT)


7 to 14 years

Policy Term

  • Minimum: 15 years 

  • Maximum: 25 years

Sum Assured


For Premium Payment Term


Minimum Limit

  • 7 to 9 years: ₹1,50,000 

  • 10 to 14 years: ₹2,00,000 

Maximum limit: No limit, subject to underwriting

Minimum Annual Premium



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1800 209 8700

Customer Care Number



For online policy purchase


+91 22 6274 9898

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