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As a parent, being there for your child and enabling them to achieve their dreams, matters! That’s exactly what a good ULIP child investment plan does for you – provide the financial protection your child needs, with or without you being around. With a ULIP plan at Finserv MARKETS, enjoy benefits that include free life cover, tax exemption, and the liberty to invest in funds of choice.

Why choose Finserv MARKETS For Child Plans


As per Morning Star, ULIP funds at Finserv MARKETS enjoy good ratings with approximate returns as high as 25% over a 5-year investment period.

High Asset Under Management

With approximately 2,00,000 crores held in terms of Assets Under Management (AUM), know that your ULIP investments are among the best in the market.

Tax Benefits

Under the Income Tax Act of 1961, ULIPs are tax-free investments. As a customer, you needn't pay any tax during investment, while your money grows, during fund switches or during maturity.

Least Cost Structure

With ULIPs at Finserv MARKETS, policyholders do not have to pay any charge when allocating funds. Neither are there any return of mortality charges levied.


Policyholders enjoy the flexibility of choosing between 4 investment portfolio ULIP strategies thus helping one plan better for higher returns.

Reasons to invest in Child Plans

  • Rising Educational Costs

    Propelled by inflation, educational costs in India are on the rise. Surveys reveal that by 2025 the cost of studying in an engineering college will be nothing less than 30 lakhs while getting an MBA degree will set one back by 50-60 lakhs. Moreover, with middle-class families spending 60% of their monthly earnings on educating their child/children, having a child investment plan in place is a necessity.

  • Dual Benefits under one plan

    With ULIP plans, policyholders enjoy the benefits of an investment as well as an insurance plan. This child investment plans that you opt for provides the protection your child needs, more so in your absence. Even in the case of an eventuality, rest assured that your child’s future is taken care of with a good ULIP plan.

  • Small Investments for Larger Returns

    Though small in terms of amount, your regular investments when compounded will grow into a handsome amount upon maturity. This corpus of funds will help ease the financial burden when it comes to making university tuition fees and other charges involved when studying abroad.

  • Prevents one from falling into debt

    Surveys conducted across the globe show there are more than 1 million students and their families debt with a staggering $1.56 trillion in student loan debt. Not only are ULIPs a great investment option but regular savings will prevent one from falling in to debt by option for loans with exorbitant interest rates.

  • Tax Benefits

    When it comes to being tax benefits, a ULIP is the best investment option before one. Right from the initial investment until maturity, the Income Tax Act of 1961 has exempted ULIP plans under section 80C, 80CCC and 80CCD. Save now and secure a bright future for your child.

Child plan: An Overview

Child plan is an investment cum insurance plan which can help secure your child’s future financially. With a child plan, you can create a corpus to fund your child’s marriage and education. A child plan gives you dual benefits. On one hand, in the event of the death of the insured, a sum assured is given to the child. While on the other hand, it also provides you financial security, as you can use the fund through partial withdrawal facility to finance the important milestones of your child’s life.   


What is a child education plan?

A ULIP child education plan ensures that the force of inflation or any unforeseen event does not hinder your child’s education. These are investment plans that specifically cater to your child’s education. In a child education plan, you get the dual benefit of saving and protection. You can invest in a child education plan based on your child’s education needs, your financial capability and other monetary goals and use the fund through partial withdrawal. Moreover, you also enjoy tax benefits on the same.  


Eligibility Criteria  

As per the eligibility criteria of a child ULIP plan, you can invest when you fulfill the minimum and maximum age requirement given in the policy document. Moreover, you should be within the age range required by the policy terms and conditions at the time of the maturity of the policy too.  


Documents required for buying a child insurance plan

While applying for a child ULIP plan you will need to submit the following documents with the insurance company:-

  • Income proof that could be salary slips, income tax returns, bank statement etc.
  • Address proof – any one of the following: Driving License, Aadhar card, Voter id card, passport, etc.,
  • Identification proof like PAN card, Aadhar card, voting card, etc. and
  • Age proof like Aadhar card, voting card, passport, driving license, etc.

Finserv MARKETS also offers ULIP Plans for investments and retirement planning.
Our pension plan helps you to save for your retirement in a smart way. Also, our investment plan enables you to get good returns in the long run.

Why Child Plan from Finserv MARKETS?

Child Education & Insurance Plans: Buy Bajaj Allianz Child Plans available on Finserv MARKETS to secure your child's future and education. ULIP Child Plans offer tax benefits, life insurance and market linked returns. Get a free quote today! 

Manage all your queries here

  • What is a Child Investment Plan?

    Being a parent, it is vital that you efficiently plan your finances to provide a secure future for your child. This is where a child investment plan comes into play. It provides you with a host of other benefits including a life insurance cover, coverage for family in your absence (death cover), and building a fund/corpus to help you meet your financial goals. Whether it is your child’s education, marriage or other important life events, Bajaj Allianz child plans can help you plan your investments and realise your dreams.

  • How do I differentiate between nominee and beneficiary?

    The term ‘Nominee’ refers to a person whose name has been nominated by the policy holder, authorizing him/her to take the proceeds of the policy after the death of the policy holder. It is then the responsibility of the nominee to disburse the proceeds as instructed amongst all legal heirs. The term ‘beneficiary’ refers to an individual who displays financial interest towards the policy holder. This could either be a legal heir of the policy holder or a bank/financial institution that has earlier provided loans/financial assistance to the policy holder.

  • Do Child investment Plans enjoy tax benefits?

    Yes, they do. As a matter of fact, life insurance policies are used as a tax planning tool by policy holders. The policy holder here can save on taxes under sections 80C, 80CCC of the Income Tax Act of 1961. However, the limit for the same is set at Rs. 1, 50, 000.

  • Who all can buy a child life policy/child plan?

    Parents, grand-parents and legal guardians of the child can buy a child life investment plan. Bajaj Finserv has partnered with Bajaj Allianz to provide some of the best child investment plans to our customers. Now get all the information you need about Bajaj Allianz child plans online. Visit www.bajajfinservmarkets.in to know more.

  • In the unfortunate event of passing away of the proposer, what happens then?

    When you opt for a Bajaj Allianz child investment plan online, you are given the option of premium waiver or payer benefit. If the policy holder passes away then, the insurance provider steps in and takes up the responsibility of all the future premiums of the child investment policy.

  • Is it possible for me to make a partial refund out of my fund?

    Sure, you can make partial withdrawals from the fund to meet any financial emergencies. You can make lump sum withdrawals after having completed 5 policy years provided that the life assured is no less than 18 years old.

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