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Child Insurance Plans

The birth of a child brings immeasurable joy to parents. But it is essential to plan wisely for his/her future expenses.

Have you saved enough, to give wings to your little angel’s ambitions? If not, get a Child Plan today

1800-266-9777 (All Days, from 9am to 9pm, Toll Free)

Why invest in child policies?

  • Listing Bullet Ever rising college tuition fee
  • Listing Bullet Expensive private school and foreign university fee
  • Listing Bullet Future marriage expenses
Why invest in child policies?

Child Plans

Gift your child a strong foundation, secure the future

HDFC Life Click 2 Wealth - Premium Waiver Option

An unit linked child plan combining insurance and investment

UIN: 101L133V02

  • Choice of 10 fund options with unlimited free switching.

  • All future premiums will be waived off  in case of the unfortunate demise of the proposer.

  • Start planning early when your child is 30 days old

  • Get 1% of Annualised premium as special additions to your Fund Value for first 5 years1.

  • Return of Mortality Charges (ROMC) on maturity : Mortality charges pertaining to only the Life Assured would be refunded2.

How much you should save for your child’s future?

How much you should save for your child’s future?

Use our quick and simple calculator to know what’s ideal for you.


Personal Details


Financial details

Your Required life cover to protect your family’s future is


Recommended plans for you

The values shown here are only for illustration. The results are generated based on the information provided. It is not intended to be and must not alone be taken as the basis for an investment decision.

HDFC SL YoungStar Super Premium

A unit linked plan to finance your child’s big moments.

UIN: 101L068V03

  • Choose to invest in any or a combination of funds

  • Option to choose between Save and Save-n-Gain benefit options.  

  • Secure yourself against unfortunate demise and diagnosis of critical illness.

  • Option to withdraw from your funds after 5 years of your policy to plan for the various needs of your child.

Child Plan Buying Guide

1 What are Child Plans?

Child plans basically help in financial planning for your child's future needs at the right age. As a parent you can secure your child’s future with plans that encompass children insurance plans and children education plans.

2 Why You Need A Child Insurance Plan?

3 How Child Insurance Plan by HDFC Life Help You?

4 3 Reasons Why A Child Insurance Plan Is Essential

5 How to Select The Right Child Insurance Plan?

Identifying the need for a child insurance plan is the first step towards selecting one. Follow three steps to shortlist the perfect plan for your needs:

  1. Identify your goals and the amount you plan to invest. Try to estimate the amount you intend to spend on your child's education or marriage in the future. By doing this, you would be able to choose the premium amount and policy term.
  2. After the policy term, you should work with a financial expert or research on your own to calculate the sum assured. Browse through a variety of plans from term plan, savings plan to ULIP plans and choose the one that fulfills your financial goals.
  3. Compare the different plans available in the market and shortlist what's suitable for you. Compare across relevant parameters and apt for the one that suits your needs.

6 How Much To Invest In Child Insurance Plans?

While it is easier to plan your investments if you have a ballpark number in mind, it is not easy to estimate the cost of your child’s education or funding their business or marriage.

Before planning an investment, factor in the time based on your child's current age. Determine whether your child will study locally or abroad for under graduate, graduate and post graduate degrees. Research the cost of current education in that country and factor in the impact of inflation. Make an educated estimate on a reasonable rate of the return on your investments in the coming years. And once these parameters are sorted, calculate the monthly savings you have to set aside to mean this financial goal.

7 Documents Required For Child Insurance Plans

The standard set of documents required for starting an insurance plan for your children are:

  1. Proof of address: Any document from a passport, driving license, Aadhar card will work.
  2. Policy form: This form will containall details of the plan and the terms you opt for.
  3. Income proof: Parents who plan to buy an insurance policy for their children need to show the source of income for paying the premiums like salary certificate.
  4. Identity proof: The commonly used identity proofs in India include PAN card, aadhar card, driving license, voter ID, etc.
  5. Proof of age: You could submit your passport copy, birth certificate or your education marksheets.

8 Child Insurance Claim Process

While shortlisting a child insurance plan, opt for an insurer who has a high claim settlement ratio. In times of crisis, this will ensure that your claim will be processed without any delay. Follow the below steps for processing your claims

  1. When an unfortunate event occurs for the claim to be filed, inform the insurance company without much delay. This can be done either through a call, an email or visiting the nearest branch.
  2. Along with the claim form, submit details like policy number, date and cause of the incident, nominees, etc.
  3. Provide all supporting documents and reports.
  4. An assessor appointed by the insurance company will verify your case and the documents submitted.
  5. If satisfied and no further investigation is required, the claim benefit is usually transferred within 30 days of submitting the documents.

Understanding Child Plans!

Tune in to this video to know about our Child Plans.

Add the icing on the cake with these child plan riders

They help you deal with those additional risks life brings.
  • icon

    HDFC Life Income Benefit on Accidental Disability Rider

    UIN: 101B013V03

    Get additional income benefits over and above your Sum Assured in the event of total permanent disability due to an accident.

  • icon

    HDFC Life Critical Illness Plus Rider

    UIN: 101B014V02

    We pay a lump sum amount equal to Rider Sum Assured upfront if diagnosed with of any of the specified critical illnesses.

Still not sure which is the right plan ?

Still not sure which is the right plan ?

Let us help you


Have a question?

We’ll tell you everything you need to know about Child Plans.

1 When can one withdraw money from child plan?

An important feature of a child insurance plan is that it allows the parents to withdraw the money from their funds in multiple fragments without waiting for the policy to mature. Parents opt for this route to fulfill the financial needs of their children at different stages of their life. Lump sum partial withdrawal from the fund is allowed after completion of five policy years, provided the life assured is at least 18 years of age. Partial withdrawal isn’t allowed as it would result in termination of the policy.

2 Is child plan tax free?

3 When to buy a child insurance plan?

4 How will child plan secure your child's future?

Click here to view the Specimen Policy Document of this plan.

  1. For Single premium, the special addition is 1% of the Single premium at inception only.
  2. This is available in case of Premium Waiver option.

ARN: EU/07/21/24467