Hdfc Child vs Lic Life Insurance Life Insurance 2026 | PolicyX

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Overview

HDFC Child Plans: Overview

HDFC Child plans are an excellent way to save and invest regularly for your child's future, helping to cover potentially high costs like higher education. These plans offer financial protection, ensuring your child's needs are met even in your absence.

HDFC Life offers a wide range of individual and group life insurance plans tailored to various customer needs. These include child plans, protection plans, pension plans, health, savings, and investment plans. HDFC Life's child plans specifically assist you in planning your child's financial future.

Insurance providers ensure their child plans are unique, helping parents secure their child's future. Proper financial planning is crucial for a child's success. HDFC Child plans such as HDFC Youngstaar Udaan, HDFC Click2Wealth, and HDFC SL Youngstar are dedicated to safeguarding your child's dreams and aspirations.

HDFC Child Plans ensure your investment needs are met by offering:

  • Smart Bonus
  • Death Benefits
  • Educational Support
  • Tax Benefits
COMPANY DETAILS ✎ Edit

Hdfc Child

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Lic Life Insurance

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

₹ Rs 1 lakh to No limit

Annual Premiums Collected (2024-25)

₹ 751.92 crores
Payout Options

Payout Options

-

Payout Options

Lump sum, regular frequencies or a combination of both
Claim ratio

Payout Options

Minimum Age- 0 years%

Payout Options

98.5%%
Solvency Ratio

Solvency Ratio

70 years

Solvency Ratio

1.98
Pan India Presence

Pan India Presence

Annual, half-yearly,

Pan India Presence

2048
Riders Available

Riders Available

21 ninus child entry age

Riders Available

Accidental Death and Disability Benefits Rider, Accidental Death Benefits Rider, Critical Illness Rider, Waiver Benefit Rider
Policy Term

Policy Term

18 ninus child entry

Policy Term

5 to 40 years
Inception year

Inception year

-

Inception year

-
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

-

Complaint ratio per ₹1 crore of premium collected

-
Average claim settlement time

Average claim settlement time

-

Average claim settlement time

-
IRDAI registration number

IRDAI registration number

-

IRDAI registration number

-
Awards and recognitions

Awards and recognitions

-

Awards and recognitions

-
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Riders

Riders You Can Avail with LIC Life Insurance Plans

Name of the rider Benefits
LIC Accidental Death and Disability Benefits Rider Additional benefits are offered if the policyholder is diagnosed with any of the critical illnesses mentioned or suffers disability due to an accident.
LIC Accidental Death Benefits Rider A lump sum amount is offered in case of the policyholder's demise due to an accident if you have opted for an accidental death benefit rider.
LIC Critical Illness Rider A lump sum amount is offered if the policyholder is diagnosed with any of the critical illnesses mentioned.
LIC Premium Waiver Benefit Rider Future premiums are waived off if the policyholder's demise is due to an accident or any of the critical illnesses mentioned, provided you have a premium waiver benefit rider.
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Types of LIC Life Insurance Plans

Every plan currently being sold by LIC Life Insurance, shown side-by-side so you can shortlist quickly.

LIC Premium Endowment

This plan serves a dual role. Firstly, it safeguards a family financially after the untimely death of the policyholder. Secondly, ... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age: 14 years
Entry AgeMaximum entry age: 45 years
View plan

LIC Jeevan Tarun

LIC's Jeevan Tarun is a participating, non-linked, limited premium plan that offers a combination of protection and savings for yo... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
View plan

LIC New Children Money Back Plan

The future of the world depends on the strength of children today. To ensure they are well-prepared, premium policies are availabl... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age - 0 years
Entry AgeMaximum entry age - 12 years
View plan

LIC Bima Bachat

The LIC Bima Bachat Plan (Plan No: 916) is a single premium participating endowment policy designed for individuals who prioritize... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age: 15 years
Entry AgeMaximum entry age: 66 years
View plan

LIC Bima Diamond

LIC launched the Bima Diamond Plan (Table No. 841) on September 19, 2016 is a non-linked plan, meaning its performance is not depe... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 14 years
Entry AgeMaximum Entry Age: 45 years
View plan

LIC Jeevan Arogya

When it comes to offering a complete insurance suite for comprehensive financial security in terms of health and life, you are in ... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 91 days
Entry AgeMaximum Entry Age: 75 years
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LIC Jeevan Shagun

LIC Jeevan Shagun is a non-linked, participating, savings with protection single premium Money-Back plan. The policy provides high... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 8 years
Entry AgeMaximum Entry Age: 45 years
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LIC New Money Back 20 Years

The LIC New Money Back Plan 20 Years (Plan No: 920) was launched on January 6, 2014, to cater to the financial needs of business a... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age - 13 years
Entry AgeMaximum entry age - 50 years
View plan

LIC Jeevan Akshay

LIC Jeevan Akshay VI Plan is an immediate annuity pure pension plan for senior citizens, provided by one of the top-ranked insuran... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 25 years
Entry AgeMaximum Entry Age: 85 years
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LIC Jeevan Shikhar

Among LIC's many efficient plans, the Jeevan Shikhar Plan stands out for its benefits and simplicity. This endowment plan was init... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
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LIC Aadhaar Stambh

LIC's Aadhaar Stambh Plan (Plan No: 943, UIN: 512N310V01) is a non-linked, with-profits, regular premium-paying endowment plan. It... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age - 8 years
Entry AgeMaximum entry age - 55 years
View plan

LIC Aadhaar Shila

LIC’s Aadhaar Shila Plan (Plan No: 944) is a non-linked, with-profits, regular premium-paying endowment plan. This plan offe... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 8 years
Entry AgeMaximum Entry Age: 55 years
View plan

LIC Jeevan Umang

LIC Jeevan Umang (Plan No: 945) is a conventional, with-profit, non-linked endowment plan with complete life insurance coverage. T... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 90 days
Entry AgeMaximum entry age- 55 years
View plan

LIC New Jeevan Anand

LIC New Jeevan Anand is a participating non-linked plan that combines protection and savings. It offers financial protection again... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age - 18 years
Entry AgeMaximum entry age - 50 years
View plan

LIC Jeevan Rakshak Plan

LIC Jeevan Rakshak Plan (Table No. 827) is a participating non-linked plan that provides a combination of insurance and savings. A... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age: 8 years
Entry AgeMaximum entry age: 55 years
View plan

LIC Jeevan Lakshya Plan

For the financial security of children and families, the LIC Jeevan Lakshya Plan (Plan No: 933) is the most suitable one. It is a ... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 18 years
Entry AgeMaximum entry age- 50 years
View plan

LIC New Endowment Plan

LIC New Endowment Plan-one of the best policy by LIC India. The LIC New Endowment plan (Plan No: 914) is a must-avail plan conside... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 8 years
Entry AgeMaximum entry age- 55 years
View plan

LIC Single Premium Endowment

It is a traditional endowment plan offering death and maturity benefits to the policyholder, along with a bonus facility. The prem... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age - 90 days
Entry AgeMaximum entry age - 65 years
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LIC Jeevan Saral

LIC Jeevan Saral is an Endowment Assurance plan where the proposer chooses the premium amount and mode of payment. The plan provid... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age - 12 years
Entry AgeMaximum entry age - 60 years
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LIC Pradhan Mantri Vaya Vandana Yojana

Pradhan Mantri Vaya Vandana Yojana is a single premium payment pension plan. This pension plan offers an option to either choose t... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 60 years
Entry AgeMaximum Entry Age: No limit
View plan

LIC Kanyadan Policy

(A Perfect Gift For Your Beloved Daughter) LIC Kanyadan policy is the perfect financial coverage for your daughter with a very low... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 50 years
View plan

LIC Jeevan Shanti

Life Insurance Corporation (LIC) is an Indian insurance company owned by the Government of India. It was founded on 1st September ... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 30 years
Entry AgeMaximum entry age- 79 years
View plan

LIC Jeevan Saathi

LIC Jeevan Saathi is an endowment assurance policy that can secure the lives of both husband and wife.l It offers the required fin... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 18 years
Entry AgeMaximum entry age- 55 years
View plan

LIC Micro Bachat

LIC Micro Bachat Plan (Table No. 951) is a traditional, non-linked, participating micro-insurance plan that offers dual benefits o... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredEntry Age: 18 to 55 years
Entry AgeMaximum Maturity Age: 70 years
View plan

LIC Komal Jeevan

LIC regularly introduces plans to meet different customer needs. The LIC Komal Jeevan Plan is specially designed for children aged... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 90 days
Entry AgeMaximum Entry Age: 18 years
View plan

LIC Navjeevan Plan

LIC Navjeevan is a newly launched plan by the Life Insurance Corporation of India. It is a non-linked with profit endowment insura... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 90 days
Entry AgeMaximum entry age- 45 years
View plan

LIC SIIP Plan

LIC SIIP is a unit-linked non-participating individual life insurance plan that comes out as an opportunity to monetize the invest... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 90 days
Entry AgeMaximum entry age- 65 years
View plan

LIC Bima Shree

LIC Bima Shree Policy is a traditional, non-linked, and with-profit money-back life insurance policy that features guaranteed addi... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
View plan

LIC Nivesh Plus

LIC Nivesh Plus is a unit-linked, non-participating, and single-premium individual life insurance plan. It offers insurance cum in... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum entry age- 90 days
Entry AgeMaximum entry age- 70 years
View plan

LIC Jeevan Akshay VII

Jeevan Akshay VII (Table No. 857) is a single premium, non-linked, and non-participating immediate annuity plan. It pays an annuit... Read More

Unique Features

  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 65 years
View plan

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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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