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    Child Education Insurance Policy in India 2021

    Last Updated On 29-10-2021

    As a parent, loving your child means taking responsibility for them and helping them achieve their dreams, hopes, and ambitions every step of the way. Apart from catering to their emotional needs, your children also need a sense of financial security, knowing that they can come to you when they need to explore the world.

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    Providing them with that financial support can get exhausting sometimes, which is why we want to help with our child protection plan. This child protection plan will help them soar through various stages of their life and tick off many of their milestones. Read on to find out how.

    Why do you need a child saving plan?

    A child protection plan is a financial product that aims to provide holistic financial support to you and your loved ones. It is a combination of insurance and investment so that your children stay secure in your presence and your absence. Also known as a child saving plan, the child protection plan gives you the dual advantage of life protection and wealth creation blended with the space for saving. So, you can achieve various financial goals at one time through a single investment plan that include:

    • Making goal-oriented savings to build a sufficient corpus
    • Funding your child’s higher education, marriage, travel plans, and other aims
    • Getting life insurance protection that pays a guaranteed death benefit
    • Earning high returns on your initial investment over the long-term
    • Having a financial reserve to tackle unexpected events like accidents, hospitalisation, etc.
    • Receiving loyalty additions, boosters, and rewards for staying invested in the child saving plan

    What are the types of child protection plans?

    There are various types of child protection plans, but in a broad sense, they all fall into two categories – market-linked and non-linked child plans. Both market-linked and non-linked child plans provide the dual element of life insurance coverage and savings. But market-linked child plans allow you to grow your wealth over time as they invest your given money into equity, debt, and hybrid fund avenues. Non-linked child plans also increase your wealth but by a low margin. Both types of child protection plan have their pros and cons.

    Market-linked child plans provide profitable returns and higher wealth creation, but they carry a mid to high level of risk. Non-linked child plans are 100% safe to invest in, but their returns are lower. Both child plans, however, aim to secure your children through life insurance and increased corpus creation. Depending on your risk appetite, you can select a market-linked or non-linked child saving plan.

    Which is the best saving plan for children?

    The best saving plan for children is the one that provides the maximum value for your hard-earned money and fits your needs and budget. For a child plan to be best, it has to meet your standards of what is best. At PNB, we provide ample child plan choices so that you have enough variety to select. We have market-linked and non-linked child plans, so depending on your risk preference and financial capacity, you can make a choice from any child saving plan we offer.

    To sum it up:

    It might be tempting to think that only traditionally saving in your bank account will be enough to support your children, but factors such as inflation and the unforeseen are always at play. With a child saving plan, you can grow your wealth in a way that becomes sufficient to support your children through all of life’s stages, all the while keeping them secured if anything unexpected were to happen.

    To know more about term plan, term insurance & long term savings visit PNB MetLife website.



    The aforesaid article presents the view of an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability or medical complications incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ health advisor before making any decision.

    PNB MetLife India Insurance Company Limited
    Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka
    IRDAI Registration number 117 | CIN U66010KA2001PLC028883
    For more details on risk factors, please read the sales brochure and the terms and conditions of the policy, carefully before concluding the sale.
    Tax benefits are as per the Income Tax Act, 1961, & are subject to amendments made thereto from time to time.
    Please consult your tax consultant for more details.
    Goods and Services Tax (GST) shall be levied as per prevailing tax laws which are subject to change from time to time.
    The marks "PNB" and "MetLife" are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
    Call us Toll-free at 1-800-425-6969, Phone: 080-66006969, Website:, Email: or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203.


    Beware of Spurious Phone Calls and Fictitious / Fraudulent Offers!
    IRDAI is not involved in activities like selling insurance policies, announcing bonus or investments of premium. Public receiving such phone calls are requested to lodge a police complaint.


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    Collapsed Expanded

    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at or You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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