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Don't Just Survive, Thrive
3 Plan options Life cover + Guaranteed income Get Total Premiums at maturity Early income from 2nd policy year
Don't Just Survive, Thrive
3 Plan options Life cover + Guaranteed income Get Total Premiums at maturity Early income from 2nd policy year
Save, Dream, Plan. Live Peacefully
5 Plan options Option to choose PPT Get Tax benefits
Save, Dream, Plan. Live Peacefully
5 Plan options Option to choose PPT Get Tax benefits
Popular Searches
Child Education Child Insurance Plan Children Money Back Policy Insurance Policy For Newborn Child Protection Rider How Child Insurance Works? Sukanya Samriddhi Yojana Child Insurance Calculator
Popular Searches
Child Education Child Insurance Plan Children Money Back Policy Insurance Policy For Newborn Child Protection Rider How Child Insurance Works? Sukanya Samriddhi Yojana Child Insurance Calculator
Popular Searches
Buy Best Child insurance Plan Best Investment Plan for Girl Child Child Education Insurance Plan Best Fixed Deposit for Child Types of Child Insurance Child Education Insurance
Popular Searches
Buy Best Child insurance Plan Best Investment Plan for Girl Child Child Education Insurance Plan Best Fixed Deposit for Child Types of Child Insurance Child Education Insurance
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Child Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Child Insurance - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Tax Benefits of Child Education Plans
Child education plans not only help you build a corpus for your child’s future but also offer valuable tax benefits under the Income Tax Act, 2025.
Key Takeaways
Child insurance plans offer tax benefits under the Income Tax Act 2025
Takes Care of your Child’s Medical Expenses
It allows you to withdraw from your corpus from the child plan only after five years of starting the investment. The withdrawals are tax-free.
Myth #10: Child Plans Lack Liquidity:
Child plans are more liquid as they offer flexible withdrawals. You can withdraw the money from the child plan after completing five years of investment. This lock-in period is mandated by regulators due to the plan's tax-saving nature.
Best Child Education Plans and Investment Options (2026)
Up to ₹1.5 lakh under Sec 123 (previously known as Section 80C); maturity tax-free under Schedule II (Table S.No. 2) (previously known as Section 10(10D))
Key Benefits of Child Insurance Plans
Tax Efficiency: Eligible for deductions under Section 123 of the Income Tax Act 2025 (previously called Section 80C of the Income Tax Act 1961) and tax-free maturity under Schedule II (Table S.No. 2) of the Income Tax Act 2025 (previously called Section 10(10D))per current rules
Features of Child Insurance Plans
Child insurance plans are designed to combine financial protection with long-term savings to support your child’s future goals. They offer structured benefits and flexibility to help parents plan confidently for key milestones.
Why Child Insurance Myths Can Mislead You?
Child insurance plans secure your child's future dreams, from education to unique passions. An insurance plan is a comprehensive financial investment that supports you at all important milestones in life. But often, a child insurance plan is misunderstood, and the real benefits get ignored. Busting these commonly believed myths is essential so that all parents can avail themselves of the benefits of these policies.
Types of Child Education Plans
Child Savings Plan: Child savings plans are generally ULIPs that give you more freedom as an investor. You can choose the amount of risk you want to take on the invested money. You can also use one or more automated portfolio strategies to benefit from market movements. Some child plans also offer additional bonuses for long-term investors. You can withdraw money from the accumulated corpus after completing five policy years. Withdrawals are tax-free, so you can at any time after the lock-in period .
Myth #10: Child Plans Lack Liquidity:
Child plans are more liquid as they offer flexible withdrawals. You can withdraw the money from the child plan after completing five years of investment. This lock-in period is mandated by regulators due to the plan's tax-saving nature.