Hdfc Child
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Bajaj Life

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Hdfc Child vs Bajaj Life

Hdfc Child

HDFC Child plan is one of the best ways to save earnings with regular investments for your child future to fulfill the requirements like higher education which can be costly.

Bajaj Life

Bajaj Allianz Life Insurance offers diverse range of insurance solutions including term insurance plans, ULIPs, retirement plans, saving plans, child plans and much more.

COMPANY DETAILS Edit HDFC Child Plans

Hdfc Child

 Edit Bajaj Allianz Life Insurance

Bajaj Life
Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

Rs 1 lakh to No limit

Annual Premiums Collected (2023-24)

461.43 Cr.
Payout Options

Payout Options

-

Payout Options

Lump sum, monthly or a combination of both
Claim ratio

Claim ratio

Minimum Age- 0 years%

Claim ratio

99.29%
Solvency Ratio

Solvency Ratio

70 years

Solvency Ratio

3.59
Branches

Branches

Annual, half-yearly,

Branches

544+
Riders Available

Riders Available

21 ninus child entry age

Riders Available

Waiver of Premium Benefit Rider, Family Income Benefit Rider, Accidental Death Benefit Rider, Accidental Permanent Total/Partial Disability Benefit Rider, Critical Illness Rider
Policy Term

Policy Term

18 ninus child entry

Policy Term

10 to 40 years

Know More About Companies

Overview

HDFC Child Plans: Overview

HDFC Child plan is one of the best ways to save earnings with regular investments for your child's future to fulfill the requirements like higher education which can be costly. HDFC Child Plans offer financial protection features that ensure your child gets all the facilities in the future even in your absence.

HDFC Life offers a wide range of individual and group life insurance plans that cater to the different needs of customers. Such products include child plans, protection plans, pension plans, health, savings, and investment plans, among others. HDFC Life has come out with child plans that can assist you in planning the financial future of your child.

All insurance providers make it a point that their child's plans are unique and help parents make their child's future secure. The biggest contribution a parent can make to ensure the success of their child is to do proper financial planning for their child's future. HDFC Child plans like HDFC Youngstaar Udaan, HDFC Click2Wealth, and HDFC SL Youngstar are all dedicated child plans to help you safeguard your child's dreams and aspirations.

HDFC Child Plans ensures to look after your investment needs by offering:

why-choose

  • Smart Bonus

  • Death Benefits

  • Educational Support

  • Tax Benefits

Riders

Riders You Can Avail With Bajaj Allianz Life Insurance Plans

Name of the rider Benefits
Bajaj Allianz Waiver of Premium Benefit Rider Future premiums are waived in case of the policyholder’s demise due to accidental death, disability, or any of the 11 critical illnesses mentioned.
Bajaj Allianz Family Income Benefit Rider 1% of the sum assured is offered for a rider term or 10 years as family income in case of accidental death, disability, or diagnosis of any of 11 critical illnesses.
Bajaj Allianz Accidental Death Benefit Rider In case of the policyholder’s demise due to an accident, an additional payout is given to the nominee along with the base sum assured. 
Bajaj Allianz Accidental Permanent Total/Partial Disability Benefit Rider Additional payout is offered in case of total or partial disability of the policyholder due to an accident. 
Bajaj Allianz Critical Illness Rider Benefits are offered to the nominee in case of the policyholder’s demise due to any of 11 listed critical illnesses.
 

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Bajaj Allianz Life Insurance offers diverse range of insurance solutions including term insurance plans, ULIPs, retirement plans, saving plans, child plans and much more.

Bajaj Allianz Life Investment Plans Plans

Bajaj Allianz Life Investment Plans

Bajaj Allianz Life POS Goal Suraksha Plan

Bajaj Allianz Life POS Goal Suraksha Plan

Bajaj POS Goal Suraksha Plan is a combination of a life insurance plan and a savings plan. It provides death benefits to your loved ones in case of yo...

Unique Features

  • Guaranteed additions
  • Limited payment term
  • Alter payment modes

Bajaj Allianz Life POS Goal Suraksha Plan (Pros)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Guaranteed maturity benefit
  • Limited premium payment term
  • Option to take policy loan

Bajaj Allianz Life POS Goal Suraksha Plan (Cons)

Bajaj Allianz Life POS Goal Suraksha Plan
  • No pre-existing condition
  • No surrender benefit
  • No guranteed benefit

Bajaj Allianz Life POS Goal Suraksha Plan (Other Benefits)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Return of premium
  • Death benefits in installments
  • Flexible policy term

Bajaj Allianz Life POS Goal Suraksha Plan (Eligibility Criteria)

Bajaj Allianz Life POS Goal Suraksha Plan
  • Minimum entry age- 18 years
  • Maximum entry age- 65 years
  • Minimum sum assured- 30 thousand
  • Maximum sum assured- 25 Lac
  • Maximum policy terrm- 67 years

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Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

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