A quality education is one of the greatest gifts a parent can offer their child. However, with the rising cost of higher studies — both in India and abroad — it’s essential to have a structured financial strategy in place. Educational Plans help you systematically build funds to meet your child’s academic goals without financial strain.
Educational Plans are specialized savings and investment-oriented insurance products that help parents accumulate a corpus to fund their children’s future education. These plans ensure that even in case of unforeseen circumstances, your child’s education continues uninterrupted.
They combine the benefits of life cover, disciplined saving, and goal-based planning, ensuring that your child’s dreams of pursuing higher studies come true — stress-free and on time.
Goal-Based Savings: Build a dedicated fund for higher education expenses like tuition, travel, or accommodation.
Dual Protection: Offers life insurance for the parent and a guaranteed or market-linked investment component.
Waiver of Premium: In case of the policyholder’s demise, future premiums are waived, and the plan continues for your child’s benefit.
Guaranteed or Growth-Based Returns: Choose between fixed return plans or market-linked options for higher potential gains.
Tax Benefits: Premiums qualify for deductions under Section 80C and maturity proceeds under Section 10(10D).
Flexible Withdrawals: Access funds at key milestones (school, graduation, post-graduation).
Traditional Endowment Educational Plans: Secure, fixed-return plans ideal for conservative investors.
Unit Linked Educational Plans (ULIPs): Market-linked plans offering higher growth potential with risk exposure.
Money-Back Educational Plans: Provide periodic payouts to match your child’s academic needs.
Single Premium Plans: Pay once and stay invested for long-term education goals.
Combat Rising Education Costs: Stay ahead of inflation with structured investments.
Peace of Mind: Your child’s studies will continue even if life takes unexpected turns.
Financial Discipline: Encourages systematic saving and goal-based financial planning.
Future-Ready Funding: Build a secure education fund without affecting your daily budget.
An Educational Plan is not just an investment — it’s a commitment to your child’s success. By planning early and investing wisely, you can ensure that your child’s dreams of studying in premier institutions are never limited by finances.