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HDFC Child Plans
  • Explore HDFC Life Insurance
  • Child Plan features and benefits
  • Buying and Claim Process
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HDFC Child Plan

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. 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 to plan 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.

Key Features of HDFC Child Plans

HDFC Life Insurance offers an economical way of securing your family after you. Let's have a look at some of the brilliant features of the policy making it one of the best available term insurance plans in the domain.

  • Solvency Ratio
    The solvency ratio of the company helps an individual ascertain the company's ability to meet its long-term financial obligations.The Solvency Ratio of HDFC Life Insurance company for 2020-21 is 1.99 (As per the IRDAI, it is mandatory for every life insurer to maintain a solvency ratio of 1.5).The company holds a good and reliable claim-settling process with a CSR of 98.62%. (CSR as per IRDAI report of the year 2020-21). Life Insurance Corporation holds one of the highest claims settlement ratios among all insurance companies.
  • Claim Support
    The company holds a good and reliable claim-settling process with a CSR of 98.01%. (CSR as per IRDAI report of the year 2020-21). HDFC Life Insurance holds one of the highest claims settlement ratios amongst all the insurance companies.
  • Annual Premium
    As per the IRDAI report 2020-21, HDFC Life Insurance recorded an annual premium of Rs. 38,583.49 Crores.
  • PAN India Presence
    HDFC Life Insurance Company has 300+ branches across India and additional distribution touch-points through several new tie-ups and partnerships. Apart from its PAN India presence, it has more than 300 partnerships, comprising traditional partners such as SFBs, MFIs, and NBFCs. Moreover, it also has a strong base of financial consultants.
bharti axa life Insurance Key Features

Benefits of HDFC Child Plans

HDFC Life Child Insurance plans offer a host of benefits to the policyholders. HDFC Life Child plans offer the protection of a policyholder’s entire family. Moreover, various riders ensure that the policyholder is covered no matter what the circumstances. To know more about the benefits of the HDFC Life Child Plan read the details below:

  • Education: HDFC Life Child Plan supports the policyholder's child on the educational front and allows them to complete their education without facing any hurdles.
  • Death Benefit : HDFC Life Child Insurance plans offer death benefit which makes sure that the policyholder's family does not suffer any financial problems in the absence of the policyholder.
  • Smart Bonus : HDFC Life Child Plans offer smart bonuses and additional benefits over the sum assured for a greater income.
  • Rider Benefits: Child Plans have in-built rider benefits that ensure that a child does not suffer in case of accidental death or accidental total and permanent disability of the policyholder.
  • Tax Benefits : Child Plans allow policyholders to claim tax benefits under section 80C of the Income Tax Act, 1961 on the premium paid for purchasing the insurance plan.s

Child Plans Companies

Secure the future of your child with the below-mentioned IRDAI-approved child insurance companies.

LIC Child Plan

HDFC Child Plan

SBI Child Plan

HDFC Life Child Plans

HDFC SL Youngstar Super Premium

The plan protects your family in case of your unfortunate demise and gives you valuable financial protection for your child.

Unique Features

  • Death Benefits Available
  • Maturity Benefit
  • Flexible benefit payment

HDFC Click 2 Wealth Premium Waiver Option

It is a unit-linked child plan combining insurance and investment where you can choose from 11 funds and unlimited switching options.

Unique Features

  • 11 fund options available
  • Free switching option
  • Avail Premium Waiver

HDFC Life Youngstar Udaan

A traditional money-back plan with customizable payout options for your child’s various life goals.

Unique Features

  • 3 payout options
  • Limited premium payment
  • Policy loan available

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How To Buy HDFC Child Plans?

HDFC Life allows you to buy Child insurance plans via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying process.

Through PolicyX.com

  • Fill out the form given at the top of this page with the necessary details.
  • Select your income and city. Click on 'Proceed'.
  • Update your education and occupation details.
  • Choose your preferred plan and click on 'Buy this plan'.
  • Select policy term, premium period, and riders (if required) and then proceed to do the payment.

**Once the payment is made, you will get a payment confirmation at your registered email address.

Steps to buy from HDFC Life Insurance company

  • Visit the official website of HDFC Life Insurance Company.
  • Click on 'All plans' on the navigation bar and select 'Child Plans'.
  • Click on the 'buy now' button and fill in the required details.
  • Tap on 'next' and select a plan as per your requirements.
  • Select the cover option you want and make your payment.

How to Contact HDFC Life Insurance Company?

HDFC Life Insurance Company Limited, Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400 011

buyonline@HDFClife.in

Toll-Free Number: 1800 266 9777 (Available from 9:00 am to 9:00 pm IST)

HDFC Child Pla: FAQs

1. How can I file a claim under the HDFC Child plan?

For a smooth and hassle-free claim experience, follow the below steps:

  • Visit the official website of HDFC Life Insurance Company.
  • Take your cursor to the tab 'Customer Service'.
  • Click on 'Policy Servicing'.
  • Click on the tab 'Make a claim' present at the menu bar.
  • Slightly scroll down to initiate the claim.
  • Click on the tab' Click here' under 'How to make a claim category'.
  • Click on the tab 'Request a Claim'.
  • Fill in the details and click on the tab 'Submit'.
  • Submit the required documents.

After receiving all the documents, the company will verify the details as per their norms. On successful completion, the claim will be settled and the amount will be transferred to the nominee/claimant's bank account and the same will be communicated to him/her over call or email.

2. What are the documents required for processing the claim?

Submit the necessary documents requested by the company to process the claim.

In the case of natural death:

  • Claim form
  • Death certificate
  • Original Policy Documents
  • Claimant's Identity & Residence Proof
  • Medical records at the time of death & past illnesses
  • Account details of the nominee/claimant

In the case of un-natural Death (Accidental death/Murder/Suicide):

  • Claim form
  • Death certificate
  • Original Policy Documents
  • Claimant's Identity & Residence Proof
  • FIR, Police Inquest Report & Panchanama
  • Post Mortem Report
  • Account details of the nominee/claimant

3. How can I check the status of my HDFC Child's Plan?

If you are a registered user, you can easily check the policy status online. For the same, you have to simply log in to the e-portal with the customer ID and password. You can also check the status via the SMS facility (SMS Life to 56161) only if you are a registered user.

4. What is the policy renewal process of HDFC Child Plans?

You can renew your HDFC Child Plan online. Below are the steps that you have to follow.

  • Log in with your Customer ID and Password on the official website of the company.
  • Select the HDFC Child Plan that is due for renewal payment.
  • Click on 'Renewal Premium Now'.
  • Choose the desired option and make the payment.
  • Print the payment receipt.

You can also renew your HDFC child plan from PolicyX.com. Contact our customer service for more details.

5. What is the policy cancellation process for HDFC Life Child Plans?

The insured should submit all the policy documents, along with a duly signed surrender form at any branch of the company (within the city). Within 72 hours, the company will make a refund to the registered bank account after deducting all cancellation charges, stamp duty, and medical test charges (if any).

6. What should I do if I want to change my premium payment term?

Usually, it is not allowed as the selected mode cannot be changed. In exceptional cases, if the plan allows you to change the premium payment term, the insurance company will request you to provide a written request before it can act on your request.

Life Insurance Articles

What Our Customers Have to Say

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Prerna Kumari

Mumbai

July 11, 2022

Good company. Presents nice term insurance plans and flexible plans also. My husband has brought one for the family.

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Priya Sangwan

Mumbai

July 11, 2022

IndiaFirst Term Insurance company ensures that your family s needs are looked after. One of the best companies offers a term plan per your needs.

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Priyanshi Deewan

Hyderabad

July 6, 2022

I recently received the claim amount of the policy that my husband had brought for us. I am glad that the company understands the needs of its customers and their families. Well done Canara HSB...

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Rishabh Kumar

Delhi

July 6, 2022

I bought a term plan with Canara HSBC for the protection of my family and have been satisfied with the benefits received. It is simple and easy to buy their plans.

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Samarth Gaur

Chennai

July 6, 2022

I am very happy with the term plans offered by the Canara HSBC Life Insurance company. The plans offer comprehensive coverage and I am sure will support my family after my demise.

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Vipul Bhardwaj

Coimbatore

June 9, 2022

Bharti AXA is a good life insurance company, and I am sure if something ha[opens to me, the company will look after my family s needs.

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Karan Veer

Mumbai

June 6, 2022

Kotak Mahindra company has fast customer service and sells good life insurance policies. I suggest all my friends and family also buy a life cover policy from Kotak Mahindra company.

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Urvashi R

Delhi

May 31, 2022

Hey everyone, just wanted to say that Kotak Mahindra Life Insurance is one of the best life insurance companies. You can even you should go for this company if you want to secure your family s ...

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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