Best investment policies at lowest premiums.
Top performing investment plans, better than mutual funds.
Plans with zero commissions
and lowest charges in the market.
tax-free returns
Benefits for 80C, 10(10D) and no LTCG.

Reliance Life Child Plans

We are all aware of how important it is to secure our lives in order to safeguard your family in future, if we pass away. Especially for sole earners of the family. If they pass away, then there will be no one to protect their family financially. This is exactly what insurance plans do. They offer coverage and provide monetary protection to your family when you are no longer present to provide for them. Similarly, you can now purchase insurance policies for your child specifically and secure his or her future, thus ensuring your child’s future is financially-sound. You can search and compare child insurance plans online. Only then choose what is suitable for you and your child’s requirements.

Reliance Life has a wide range of plans that are stitched together perfectly to fit your child’s needs. With over 700 branches and more than 65,000 advisor’s, this company is not only efficient in its services but also extremely trustworthy. It has a claim settlement ratio of 95.17% as of March 31,2018.

Reliance Nippon Life Child Plans are one of a kind. They provide security towards your child’s future. It gives you the leverage to save up methodically for your child’s future, while allowing you to enjoy each moment with your child to the fullest. It is every parent’s prayer, that their child receives everything he or she wishes for and is safeguarded at every stage of life. With reliance Life Child Plans you can be stress-free and assured that your child is safely secured financially. Your child will receive guaranteed benefits at every important crossroad of his life.

Benefits of Reliance Nippon Life Insurance Plans:

  • Tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act, 1961.
  • Plans offered at affordable premium rates.
  • Convenient and flexible in premium payments.
  • Wide range of plans.
  • Exceptionally efficient customer service.

Types of Child Plans offered by Reliance Nippon Life

Reliance Life offers two child plans that are unique and effective. Protect your child’s future by purchasing child plans from Reliance Nippon Life to receive maximum advantages.

Reliance Nippon Life Child Plan

Product benefits:

  • Participating child plan
  • High sum assured additions.
  • Policy will continue until the end term, even if the policy holder dies. In this case, the premiums will be waived off by the inbuilt Waiver of Premium rider.
  • Tax benefits applicable under Section 80C and Section 10 (10D) of the Income Tax Act, 1961.
  • In Non-negative capital guarantee, the profits paid on maturity is rarely below the total premium paid. In cases wherein it is lesser that the total premium paid, the company supplies for the indebtedness.
  • 3 years prior to the maturity date, 25% of the sum assured is paid each year as Guaranteed Periodic Benefits.
  • The minimum sum assured that is paid upon the death of the policy holder is either 7 to 10 times the annual premium depending upon age of the insured.
  • On maturity of the policy, the company pays the beneficiary 25% of the sum assured + Non-negative Capital Guarantee Additions + high sum assured additional benefit + bonus.
  • In case of death of the policy holder, the sum assured and bonuses to be paid, depends upon minimum 105% of premiums being paid. Company waives off the entirefuture premiums and the Guaranteed Periodic Benefits and Maturity Benefit will continue to be paid as scheduled.

Eligibility details

  • Age: Minimum 20 years and maximum 60 years of age.
  • Maturity age: From 30 years upto 70 years.
  • Term of policy: Between 10 years to 20 years.
  • Annual premium: Directly depends on the age, sum assured and other factors.
  • Premium payment term: Equivalent to the term of the policy.
  • Frequency of premium payment: Yearly, half-yearly, quarterly and monthly.
  • Sum assured: Begins from Rs. 25,000 and maximum has no limit.

How the plan works?

Mayur is 35 years of age and he purchases a Reliance Nippon Child Plan for premium of Rs. 30,000. The sum assured is Rs.405,405. The guaranteed periodic benefit he will receive before maturity is Rs. 304,682. Whereas, the guaranteed benefit received after maturity is Rs. 101,554. Benefits payable @ 4% or 8%, that he willreceive is Rs. 97,297 or Rs. 194,594 respectively.

Reliance Nippon Life Education Plan

Product benefits

  • Non-participating child plan.
  • Guaranteed maturity benefits.
  • Tax benefits as per Section 80C and Section 10 (10D).
  • If the parent dies within the tenure of the policy, future premiums will be waived off.
  • Four maturity payout alternatives to choose from, according to your child’s needs- a lump sum for your child’s education, post-graduation degree with two yearly payments, professional degree with 4 yearly payments and 5 yearly payouts for your child’s higher education and a career booster.
  • Provides the facility of taking a loan.
  • Flexibility in choosing your premium payment option. Securing your child’s future even after your death.
  • Option of receiving lump sum after the policy holder’s death or receiving 50% lump sum and remaining as yearly income for the coming ten years.
  • Increases coverage by adding riders. Initial sum assured + guaranteed additions + guaranteed maturity additions are paid at the end of the policy term, regardless of the insured being alive or not.


  • Age: Minimum 20 years and maximum 50 years for the parent. Minimum 0 years and maximum 18 years for the child.
  • Maturity age: Minimum 29 years and maximum 65 years for the parent. For the child, minimum 9 years and maximum 30 years.
  • Term of policy: minimum 9/12 years and maximum 20 years.
  • Premium: Minimum starts from Rs. 20,000 depending on the tenure of the policy and maximum has no limit.
  • Premium payment frequency: Yearly, semi-yearly, quarterly and monthly.
  • Sum assured: Minimum Rs. 50,000 and maximum is limitless.

How plan works?

Rajesh is 30 years old. He purchases a Reliance Nippon Life Educational Policy with the term of policy of 18 years and a premium payment for 7 years. Sum assured is Rs. 2,49,270. Yearly premium is Rs. 35,000.If he chooses death benefit as option II and payout option as career starter, and if he dies say during the 5th year of the policy, then the death benefit becomes Rs. 4,28,744. Lump sum of 50% of the death benefit and the remaining 50% as an annual income for the coming ten years.

How to apply for Reliance Life Child Plans?

You can apply online by visiting the company’s official website.

  • Choose the child plan.
  • Provide accurate details.
  • Pay using debit card, credit card, net banking.

Offline: You can also apply for Reliance Life Child Plans by visiting the nearest company branch. You can fill up the concerned forms and submit all the required documents.

FAQs on Reliance Life Child Plans

Why should I buy Reliance Life Child Plans?

For safeguarding your kids future at every important stage, even when you pass away, you must purchase a Reliance Life Child Plan.

What if I discontinue my plan?

In this case, you can surrender your plan and receive a surrender value. You will also receive any amount of bonuses accumulated.

Why you should opt for reliance life child plans?

Reliance Life Child Plans help you save for your child’s future and always be able to provide to your child’s requirements. It offers financial coverage even in your absence. It is completely safe and reliable.

How to pay premium? Modes of payment available?

There are four modes of payment available- online, IVR, suvidha centre or bill desk. You can also pay online through credit card, debit card and online net banking facility. You can also avail ECS for renewed premium payments.

How can i check policy status for reliance life child plans?

Register on e-portal and create your login id with a password. Select the policy details option to get your policy number details.

What is the renewal process for reliance life child plans?

You can renew your Reliance Life Child Plans through Electronic Clearance System (ECS) and online. For online renewal process, login to your account, select the payment mode and click on the renewal tab. This payment can be done through cheque, cash or net banking. For ECS facility, fill the required form and submit all the necessary documents. The bank will process the same in 30 days once they receive it.

What is the company’s process to settle claims of Reliance Life Child Plans?

Reliance Life Child Plans is very effective and trustworthy. The company has a 12-day claim settlement policy. Fill in the claim form and submit it along with all the required documents to your nearest branch office. After the documents have been received and verified, the cheque will be sent to the closet branch within three working days. After verifying identity proof, you can collect the cheque.

What are the types of plans offered by Reliance Nippon Insurance company?

Reliance Nippon LifeInsurance company offers a wide range of plans like protection plans, savings and investment plans, Retirement plans, Unit linked plans, child plans, health plans and group plans.

What is the policy cancellation process for life child plans?

The policy cancellation process for life child plans requires you to fill a surrender form and submit it along with all the necessary documents to the nearest branch. The policy is considered cancelled once all documents are verified.

Can I get a loan against my policy?

Yes, you can get a loan against a Reliance Life Education Plan. This facility is provided to you in case of any emergencies and if you need money urgently.