Child Education & Marriage Plans
Goal-linked savings with premium-waiver protection for your child's future.
Understanding Child Education & Marriage Plans.
Child plans are specifically structured for milestones like higher education and marriage — with a premium-waiver benefit that ensures the policy continues to maturity even if the parent passes away.
The defining feature of a child plan is the premium-waiver benefit (PWB) — if the parent passes away, the insurer pays all future premiums and the child still receives the maturity benefit at the planned milestone.
What's actually inside this cover.
- Premium-waiver on parent's death
- Milestone-aligned payouts
- Guaranteed or ULIP variants
- Long tenure aligned to child's age
- Maturity benefit at chosen milestone age
- Death benefit + premium waiver
- Optional periodic payouts
Actual cover is subject to insurer wording, sub-limits, deductibles and exclusions. Please read the policy wordings carefully before concluding a sale.
How we place it.
One team — from the first conversation to the first claim.
- 01
Profile and exposure review with a Labdhi expert
- 02
Wording, sub-limit and pricing comparison across leading insurers
- 03
Cover binding with the optimal terms and add-ons
- 04
Renewal review and end-to-end claims support
When it actually pays.
Illustrative scenarios — real outcomes depend on insurer wording.
Parent passes away when child is 8; policy continues, child receives full corpus at 18.
Policy matures funding undergraduate fees.
Why Labdhi for this?
As a licensed insurance broker, Labdhi compares wordings, sub-limits and pricing across multiple insurers, structures the policy around your real exposures, and supports you end-to-end through documentation, renewals and claims.
Have these ready and we can move the same day.
Life underwriting is the most detailed of the lot. Income proof sets the maximum cover an insurer will offer, and the medical and lifestyle answers set the premium.
- Name
- Father's name
- Mother's name
- Date of birth
- Gender
- Marital status
- Mobile
- Permanent address
- Height and weight
- Education
- Occupation
- Organization type
- Name of organization
- Annual income
- Smoker and alcohol
- Any medical history
- Existing insurance details, if any
- Name
- Date of birth
- Gender
- Relationship with the life assured
- Recent photo
- PAN card copy
- Aadhaar card photo, front and back
- Cancelled cheque photo
- ITR for the last 3 years
- COI for the last 3 years
- Salary slips for 3 months, plus a 6-month bank statement
- Full photo
Send them across on WhatsApp or email and we will come back with options. If something on the list does not apply to you, tell us and we will work around it.
Is your Child Education & Marriage Plans cover actually enough?
Most people discover the gap in their protection at the worst possible moment — at claim time. Shield360™ is our 4-minute risk profiler that scores your long-term protection, highlights gaps, and gives you a personalised report you can download.
- Protection Score
A single 0–100 number showing how well-covered you really are.
- Gap Analysis
Identifies under-cover across life, health, income and assets — instantly.
- Downloadable Report
Branded PDF with your scores, gaps and suggested next steps.
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