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    What Are Child Education Plans?

    A child education plan is a specialized financial product offered by Amba Insurance, designed to help parents systematically save and invest for their child’s future educational expenses. This plan not only builds a dedicated fund for your child’s higher education but also provides life insurance coverage, ensuring your child’s education remains secure even in the unfortunate event of the parent’s untimely demise.

    One of the key features of an Amba Insurance child education plan is the premium waiver benefit. If the insured parent passes away during the policy term, Amba Insurance waives all future premiums, allowing the plan to continue uninterrupted. This benefit ensures that your family is protected from financial hardship, and your child still receives the full maturity amount to support their education.

     

    Why Do You Need a Child Education Plan?

    Before you know it, your child will be ready to take on the world—and a quality education plays a massive role in shaping that journey. A child education plan helps you financially prepare for key milestones while offering protection and returns. Here’s how it helps:

    Urgent Help for Financial Emergencies A child education plan might serve as a safety net in the event of unforeseen financial difficulties. The life cover guarantees that the child's educational path will continue uninterrupted in the event of the parent's untimely death.
    Addressing Increasing Education Costs The cost of education is increasing at a fast rate each year. By building up funds over time, a child education plan helps you keep ahead of inflation and ensures you can support your child's aspirations without worrying about rapidly rising expenses.
    Using Collateral to Secure Education Loans Some child education plans may be pledged as security when qualifying for an education loan. This makes it simpler for parents to get money when they need it, particularly for study abroad programs or further education at prestigious colleges.
    Safeguarding Your Child's Future By investing in a child education plan, you are safeguarding your child's future, even if life takes an unexpected turn. These plans guarantee ongoing assistance for the child's objectives.
    Investment Returns These plans provide significant investment returns and financial security. Depending on the plan, savings-based or ULIPs, you may match your investments with your child's academic achievements and develop them gradually.

    List of Child Insurance Plans in India Offered by HDFC Life

    Securing your child’s future is one of the most crucial financial decisions you can opt for. With the gradually rising costs of education, selecting the child insurance plans ensures fulfilling your child’s dreams and makes sure to safeguard it during your absence.

    HDFC Life provides some of the top child insurance plans in India, which offer both savings and life cover. These plans help you build a strong financial base for your child’s future. Each child plan is made to support important goals like marriage, higher education, or other future needs.

    The table below showcases some of the child insurance plans options:

     

    Plan NameTypeKey BenefitsBest For
    HDFC Life Click 2 Wealth (UIN: 101L133V03) A Unit Linked Non-Participating Individual Life Insurance Savings Plan

    ULIPWide variety of fund options, comprehensive life coverage, no allocation charges, market-linked returnsCreation of wealth for a child in the long term
    HDFC Life Click 2 Achieve (UIN: 101N186V06) An individual non-participating, non-linked savings life insurance planSavings Plan + Life InsuranceComprehensive life coverage, flexible options of payout for children, guaranteed benefitsProviding security to child’s educational goals
    HDFC Life Sampoorn Nivesh Plus (UIN: 101L180V01)

    A Unit Linked Non-Participating Individual Life Insurance Savings Plan

    Market Linked Returns + Life InsuranceMultiple options for funds, comprehensive life coverage, loyalty additionsBalanced savings and career goals

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