Child Plans

Plan your child's education corpus and compare child insurance products.

Education Corpus Calculator
Target Corpus (today's value)₹50,00,000
Inflation-adjusted Target (6% education inflation)₹1,19,82,791
Monthly SIP for stated target₹12,064/month
Monthly SIP for inflation-adjusted target₹28,911/month

Engineering/MBA at a top private college: ₹30–80 Lakh. MBBS (private): ₹60 Lakh–₹1 Cr. Study abroad (US/UK): ₹1.5–3 Cr total. Plan with education inflation, not general CPI.

Child Insurance Products Compared

Child ULIP Plans

LIC New Children Money Back, HDFC Life Young Star Super Premium, Max Life Shiksha Plus Super

Part of premium invests in market-linked funds. At key milestones (child ages 18, 21), partial withdrawals allowed. On parent's death, future premiums waived and plan continues.

Suited for: Parents comfortable with market-linked returns who want insurance + investment in one product.
Watch: Compare internal rate of return against a pure term + MF SIP combination before committing.

Term + SIP Combination

Any pure term plan + equity mutual fund SIP (ELSS, Large Cap, Flexicap)

Buy a term plan equal to the education goal amount. Invest the premium difference vs. a child ULIP in mutual fund SIPs targeting the goal year.

Suited for: Financially aware parents — typically gives better returns and more flexibility.
Watch: Requires discipline to maintain separate investments. No "waiver of premium" feature — plan separately.

Sukanya Samriddhi Yojana (Girl Child)

Government scheme — open at any post office or bank

Deposit ₹250–₹1.5 Lakh/year till age 15 of the girl child. Partial withdrawal at age 18 (50% for education). Matures at age 21. Interest rate revised quarterly — currently 8.2% p.a.

Suited for: Parents of girl children who want guaranteed, tax-free returns for education/marriage.
Watch: Returns are good but locked in. Interest is tax-free. Combine with MF SIP for larger goals.
Premiums shown are indicative estimates. Consult an IRDAI-registered advisor before purchasing.
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