- Webpages
- Documents
- HDFC Life ClassicAssure PlusInvestment
- HDFC Life ClassicAssure PlusInvestment
- HDFC Life ClassicAssure PlusInvestment
For NRI Customers
(To Buy a Policy)
-
![Contact Image]()
Call (All Days, Local charges apply)
-
![Contact Image]()
Email ID
-
![Contact Image]()
Whatsapp
(If you're our existing customer)
-
![Contact Image]()
Call (Mon-Sat, 10am-9pm IST, Local Charges Apply)
-
![Contact Image]()
Email ID
For Online Policy Purchase
(New and Ongoing Applications)
-
![Contact Image]()
Call (All Days & Toll free)
-
![Contact Image]()
Schedule a call
-
![Contact Image]()
Whatsapp
-
![Contact Image]()
Give missed call to buy a policy
-
![Contact Image]()
Email
Branch Locator
-
![Contact Image]()
Locate a branch
For Existing Customers
(Issued Policy)
-
![Contact Image]()
Whatsapp
-
![Contact Image]()
Call (Mon to Sat, from 10 am to 7 pm, Call charges apply)
-
![Contact Image]()
Email
Fund Performance Check
-
![Contact Image]()
Call (Missed Call)
Give your child's vision wings to fly
Table of Content
Giving your child wings to fly by fulfilling their dreams means everything to parents, and as a parent, your sole purpose in life becomes making sure that you give your child the best of everything. Having said this, children need to be given the freedom to pick their own goals or dreams, and holistic financial planning on your part can go a long way in shaping their future. Systematic financial investment from an early stage of their childhood can be highly beneficial in consolidating the funds needed to secure your children’s future.
Among the various investment instruments available, unit-linked child plans are often regarded as the best child education plan to fulfill your child’s dreams and ambitions.
Reasons to Choose Child Plans
Flexibility to Adapt to your Child’s Dynamic Goals
Educating a child costs a bomb and could potentially drain your life savings when your financial plans go awry. Alongside, your child’s goals may change from time to time, which may put your savings in jeopardy for lack of proper financial planning. Child plans are designed to tackle such uncertainty and fluid education/career choices that your child might have. Additionally, these plans also factor in growing inflation and help accumulate a corpus over a period that can be utilised for your child’s growing educational needs. Child plans offer payouts in instalments and a lump sum amount is paid when the plan matures upon your child reaching a prescribed age.
Partial Withdrawal Facility
Most child plans offer partial withdrawals to fulfil the short to medium-term financial needs when your child is on the verge of reaching certain key milestones such as completion of high school, and admission into a college, or competitive entrance exams. Substantial payouts are made periodically in the form of a fixed proportion of sum assured that can greatly reduce your financial burden while meeting your child’s educational needs.
Life Insurance Cover to Ward off Uncertainty
Life is uncertain and there cannot be a bigger blow to a child than losing his/her parents. This uncertainty of life is a constant worry of every parent who holds their child’s future dear to their hearts. Child plans help ward off this uncertainty to an extent by continuing with the coverage until policy maturity to fulfil the child’s needs as planned, in the event of a parent’s demise. Moreover, the premiums for the remaining policy period also get waived off.
Avail Tax Benefits
While saving for children’s future, the insured parent can claim tax exemption on premiums paid towards child plans for upto Rs. 1.5 Lakhs annually as per section 80C of the Indian Income Tax Act, 1961, and the maturity amount is also non-taxable under section 10(10D) of the Income Tax Act
The Bottomline
Opting for a child plan can most certainly give your child wings to fly by taking care of their educational expenses but it also ensures that you can plan and save well on wealth accumulation for your retirement. Investing in comprehensive child plans such as HDFC Life Young Star Udaan ensures that your child’s academic and non-academic expenses are met without burdening your pocket. However, before investing in a child plan, arriving at an exact corpus amount for your children’s future is essential and child plan calculators available online can come to your rescue in this regard.
ARN: ED/05/21/23833
Term Plan Articles
Investment Articles
Savings Articles
Life Insurance Articles
Tax Articles
Retirement Articles
ULIP Articles
Subscribe to get the latest articles directly in your inbox
Health Plans Articles
Child Plans Articles
Popular Calculators
Francis Rodrigues
Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.
Written By:
Vishal Subharwal
Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.
Reviewed By:
Here's all you should know about life insurance.
We help you to make informed insurance decisions for a lifetime.
HDFC Life
Reviewed by Life Insurance Experts
HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER
We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.
Popular Searches
- Term Insurance Calculator
- Investment Plans
- Investment Calculator
- Investment for Beginners
- Best Short Term Investments
- Best Long Term Investments
- 5 year Investment Plan
- savings plan
- ulip plan
- retirement plans
- health plans
- child insurance plans
- group insurance plans
- income tax calculator
- bmi calculator
- compound interest calculator
- income tax slab
- Income Tax Return
- what is term insurance
- Ulip vs SIP
- tax planning for salaried employees
- HRA Calculator
- Annuity From NPS
- Retirement Calculator
- Pension Calculator
- nps vs ppf
- short term investment plans
- safest investment options
- one time investment plans
- types of investments
- best investment options
- best investment options in India
- Term Insurance for Housewife
- Money Back Policy
- 1 Crore Term Insurance
- life Insurance policy
- NPS Calculator
- Savings Calculator
- life Insurance
- Gratuity Calculator
- Zero Cost Term Insurance
- critical illness insurance
- itc claim
- deductions under 80C
- section 80d
- Whole Life Insurance
- benefits of term insurance
- types of life insurance
- types of term insurance
- Benefits of Life Insurance
- Endowment Policy
- Term Insurance for NRI
- Term Insurance for Women
- Term Insurance for Self Employed
- Benefits of Health Insurance
- Health Insurance for Senior Citizens
- Health Insurance for NRI
- Best Term Insurance Plan for 1 Crore
- personal accident insurance
- Annuity Calculator
- child investment plan