Child Plans

Why Invest in a Child Plan?

As we encourage our little ones to be ambitious and never settle for the ordinary, we as parents do our best to make our children’s dreams and aspirations a reality. Meeting their ever increasing needs however requires substantial financial planning. Since life is full of uncertainties, as responsible parents we need to ensure our child’s need is always met, even in our absence. We stand with you in this journey of fulfilling your promise of a bright future for your child. Here’s why you should invest in a child plan.
Building up a fund for your child’s education needs
Comprehensive insurance cover to ensure your child's future
Flexible plans to customize your savings as per the key milestones for education
To be prepared for inflation through regular investment
Tax Benefits on premium paid and benefit received
Waiver of Future Premiums in case of an unfortunate event

Our Plans

Child plans help you in keeping the promises you make to your child by providing long-term investment opportunities and building a bright future for your child.
Smart Junior Plan
This is an Individual Non-linked Par Life Insurance Savings cum Protection Plan designed to guarantee that your child`s future education needs are fulfilled, whether you are around or not. Smart Junior plan provides Guaranteed* payouts during the last 5 years of policy which can be aligned to child's educational milestones. Further, the plan also provides Annual bonuses and Final bonus, if any, on maturity.
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Guaranteed Income4Life
This is a savings cum protection plan that offers guaranteed benefits as well as regular income to take care of both long-term and short-term financial goals. Guaranteed Income4Life is a highly customizable life insurance plan that offers various flexibilities in terms/ premium payment options etc. so as to align the plan to an individual’s life stages and needs.
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Guaranteed Savings Plan
A plan that offers guaranteed benefits along with the flexibility to choose your savings horizon. You can choose from 3 different plan options and customize the policy to suit your financial goals and requirements.
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*Guaranteed payouts will be paid during the last 5 years of the policy provided premiums are paid as and when due.

Canara Bank (IRDAI Regn. No. CA0045) is the Corporate Agent of the Insurer.

The online journey is being enabled through the Insurance Self Network platform (ISNP) of the Company where Canara Bank is a market participant as the corporate agent of the insurer.

Purchase of any insurance products by a bank's customer is purely voluntary and is not linked to availment of any other facility from the bank.

Trade Logo of Canara HSBC Life Insurance Company Limited (formerly known as Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited) is used under license with Canara Bank and HSBC Group Management Services Limited.

The Insurance products are offered and underwritten by Insurer (IRDAI Regn. No. 136) having its head office at 139 P, Sector - 44, Gurugram - 122003, Haryana, India.

The premium mentioned is for standard lives. Premium rates for tobacco users will vary. Your actual premium will depend on the Company's assessment of risks on your health, lifestyle, occupation, etc. Annualized premium may vary for monthly mode.

For more details on risk factors, terms and conditions please read the Sales Brochure carefully before concluding a sale.

Call (Toll free no.): 1800-103-0003/ 1800-180-0003/ 1800-891-0003
SMS: 9779030003
Missed Call: 0124-6156600

Tax benefits under the plan will be as per the prevailing Income Tax laws and are subject to amendments from time to time. For tax related queries, contact your independent tax advisor.

Collection of advance premium shall be allowed within the same financial year for the premium due in that financial year. However, where the premium due in a financial year is being collected in previous financial year, the premium may be collected for a maximum period of three months in advance of the due date of the premium. The premium so collected in advance shall only be adjusted on the due date of the premium. Such advance premium, if any, paid by the Policyholder shall not carry any interest.

Medical charges will be deducted in case of non-issuance of the policy.


  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Canara HSBC Life Insurance Company Limited
IRDAI Registration no: 136

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