Kotak Life

Buy a Life Insurance Plan in a few clicks


Now you can buy life insurance plan online.

Kotak e-Term Plan

Kotak e-Term Plan provides a high level of protection to your loved ones in your absence. Know more

Kotak Guaranteed Savings Plan

Kotak Guaranteed Savings Plan is a savings and protection plan that helps you achieve long-term financial goals and provides an insurance cover against any eventuality. Know more

Kotak E-Invest

Kotak e-Invest plan is a complete Unit-Linked Insurance Plan that can be customized as per your goals and needs. Know more

Kotak Health Shield

Kotak Health Shield Plan helps secure your finances in sudden medical expenses such as Cardiac, Liver, Neuro, and Cancer (all early and significant illness stages/conditions of cancer), along with offering protection for personal accidents - in case of accidental death or disability. Know more

Kotak Lifetime Income Plan

Kotak Lifetime Income Plan gives you the security of your income continuing throughout your life and in your absence throughout your spouse's lifetime! Know more

Benefits of ULIP as a Child Insurance Plan

Benefits of ULIP as a Child Insurance Plan
  • 29th Apr 2022 |
  • 2,677

With so many investment

possibilities accessible, accumulating assets to guarantee your child’s future may appear to be a daunting task. A ULIP plan (Unit Linked Insurance Plan) outperforms other investments when it comes to saving for financial goals. It is a policy that provides both investment and life insurance, ensuring that your children can pursue their aspirations even if you are not around. ULIPs plan can assist you in building a corpus for your child’s education, allowing them to pursue their goals. The waiver of premium option is available on ULIP-based
kid plans to offer financial security in the case of the policyholder’s untimely death.

Many ULIP investment products take into account parents’ financial ambitions. It is critical to conduct an analysis of the top-performing ULIP funds to guarantee that you select the best plan. Using a ULIP calculator, you may compare child insurance plan and determine if it is a good catch for you or not.

What is ULIP policy?

A ULIP plan is a type of financial instrument that combines investments and life insurance into one package. When you buy ULIP, you must pay premiums on a monthly basis. A portion of the premium is used to provide life insurance coverage, while the rest is invested in funds that are either equity-oriented, debt-oriented or a combination of the two. Policyholders can decide how much and where to invest based on an appraisal of their financial commitments and risk portfolio.

It is best to begin your ULIP plan early in order to maximise your profits. This policy gives you the freedom to choose between funds as and when your financial needs change during your life. Whole life ULIP plans are also available, which are popular for their long-term benefits because the insurance remains active for the remainder of the policyholder’s life.

To avoid unpleasant surprises in the future, conduct the appropriate research, compare policies, analyse long- and short-term financial goals, and evaluate aspects such as ULIP plan prices to ensure that you acquire the best ULIP plan.

Benefits of ULIPs as a Child Insurance Plan

When it comes to saving for your child’s future, you’ll want to make sure you get the best child insurance plans in India. There is a common misperception that the best child life insurance plan is expensive and that it requires a large investment to be effective. However, you do not need to invest a significant sum to maximize your ULIP plan profits; instead, you should begin investing early. Furthermore, having tax-free ULIP returns is another perk that allows you to save more and gain more from your ULIP policy.

ULIPs are the finest child insurance plans in India for your child’s future because of several unique features:

  • Waiver of Premium Benefit
  • In the event of the policyholder’s death, the sum promised is paid to the specified beneficiary, while the insurance company pays the due premium for the remaining policy term.

  • Investment in a Diverse Portfolio
  • ULIPs allow you to diversify your portfolio and maximize your capital appreciation to help your child build a bright future. Furthermore, the ability to swap between funds ensures that you are invested in the best-performing ULIPs. The feature of auto fund rebalancing ensures that your assets are unaffected by market movements by specifying your investing preferences.

  • Corpus for Child’s Education
  • As ULIP plans are specifically created to assist in achieving long-term financial goals, they can assist you in creating a bright and productive future for your child without causing you any stress or financial pressure in the future.

  • Partial Withdrawal
  • If you want to help your child pursue their passion but don’t have enough money, the ULIP savings plan allows you to make a partial withdrawal based on the policy’s terms.

A child life insurance plan is a straightforward traditional investment plan with coverage tailored to a child’s needs. It can be used to protect the life of a parent or even a child, as long as the insurance is tailored to the child’s bright future.

Kotak e-Term Plan


  • Nominal Cost
  • Multiple Plan Options
  • Flexible Payout Options
  • Critical Illness Rider
  • Tax Savings
  • Long term Coverage

Ref. No. KLI/22-23/E-BB/492


Browse our library of resources

- A Consumer Education Initiative series by Kotak Life

Similar Articles

टर्म इंश्योरेंस क्या है? टर्म इंश्योरेंस का मतलब

How Much Cover Should I Take In A Term Plan?

Make Your Online Term Plan Your Family's Monthly Pay Cheque

Is it a Good Time to Buy Term Insurance During the COVID-19 Pandemic?

Why Should New Parents Buy Term Life Insurance?

Advantages & Disadvantages of Term Insurance in India

Can Non-Resident Indians (NRIs) Buy Term Insurance In India?

Term Insurance Basics You Should Know

5 Term Insurance Benefits for Single Women

Planning For Children's Future

10-Year Term Life Insurance Policy - Explained in Detail

4 Things To Expect From Your Term Insurance Plan in India

Term Life Insurance Plan for Smokers vs Non-Smokers

Term Plan with Spouse Cover

Term Insurance Calculator - Everythng You Need To Know

Online vs Offline Term Insurance: Which Is The Better Option To Buy

Term Insurance – Why You Must Include In Your Financial Planning?

How Much Term Life Insurance Cover Do I Need in India?

Why does every working woman need life insurance?

Is term Insurance Needed for People With No Dependents?

What are incremental term insurance plans?

Do Beneficiaries Pay Taxes on Term Insurance?

While Buying Term Insurance Compare Features, Not Just Premiums

How To Change The Nominee in Term Insurance?

How to Compare Term Insurance Online

What Are Insurance Riders and How to Choose Them in a Term Plan?

Everything About Claim Settlement Ratio for Term Insurance

How To Choose the Right Sum Assured Under a Term Plan?

What is Term Insurance - A Complete Guide

Can A Housewife Buy a Term Insurance Plan - All You Need to Know

Is Term Life Insurance Plan an Investment or Expense?

Can I Extend the Tenure of My Term Insurance Plan?

4 Methods to Calculate How Much Term Insurance You Need

How to Buy 1 Crore Life Insurance Policy Without Medical Test

Why Should You Not Take A Term Plan Without Medical Test in India?

Should You Buy a Term Plan After 40?

Individual Life Insurance vs. Group Term Life Insurance

Can You Increase Your Term Insurance Cover?

Steps on How to Buy Term Insurance Online

Tips to Choose the Right Term Period for Term Insurance Plan

Does Your Term Insurance Plan Cover Death Due to COVID-19?

8 Things To Do After Buying Term Insurance

What is a short term insurance policy?

Importance of Term Insurance at Every Stage of Your Life

Why is it important to buy term insurance plan?

Different Types of Protection Plans

Term Insurance With Riders In India

When is the Right Time to Buy Term Life Insurance Policy for Yourself?

6 Reasons That Make Term Insurance a Must Buy

Key Differences Between Term Insurance, ULIPs, And Health Insurance

Does Term Insurance Cover Accidental Death?

4 Reasons Why You Need Critical Illness Cover

Choosing Riders for Insurance Plans

Insuring Against Disability With Disability Insurance Rider

Should You Have Multiple Term Life Insurance Policies?

Which Term Insurance to Choose: Lump Sum or Staggered Pay-out Plan?

Difference between Term Insurance and Life Insurance

Protection for your family

Why Term Plan Should Be The First Step To Securing Your Future?

How to Identify Term Insurance According to Your Needs?

Insuring Protection Against Death With Death Insurance Rider

9 Ways to Help Family Members in Financial Trouble

Is a Term Insurance Policy Portable?

How Much Term Insurance Do I Need

Why Surrendering Your Term Plan Policy In The Final Phase Maybe A Bad Idea?

Can I Make Changes to My Term Insurance Policy Post Purchase?

What Should You opt for - Limited or Premium Pay?

Insuring Against Accidents with an Accidental Death Insurance Rider

What is Critical Illness Policy

Comparing Term Plans – What Should You Look Out For

Endowment Plans vs Term Plans: Understanding the difference

Ideal Features of a Suitable Term Plan - Act Now for a Stress-free Future

Term Insurance: Most Common Term Insurance Myths Explained | Kotak Life

Is It Good To Buy A Term Insurance Plan In 2022?

How To Choose the Right Term Insurance Plan?

What All Documents Required For Term Insurance In India?

Insuring yourself against Ill Health with a Critical Illness Rider

Is ₹1 Crore Term Insurance Good Enough Cover?

Insurance Policy for Housewife In India

Why Premium Amount for Term Insurance is So Low?

Ensure Protection Against Death, Disease & Disability With Life Insurance

Why should single women purchase term life insurance?

What is a Joint Term Insurance Plan? Key Benefits of Joint Term Plan

Reasons You Need Term Insurance Plan as a Self-Employed Person

6 Types of Death not covered in Term Insurance Plan

5 Reasons to Buy Term Insurance When You are in Your 30s

All you need to Know about Term Insurance Plans for Housewives

Cost of Term Insurance Likely to Increase Soon

How Does A Term Life Insurance Work in India?

8 Factors to consider before choosing a Critical Illness Insurance

Why Buy Term Insurance Even at Rising Rates?

Term Insurance with Critical Illness

Tax Benefits of Term Insurance in India

What Is the Correct Age to Buy Term Insurance?

Gift Your Father A Term Insurance Plan This Father's Day

What is Form 16, Form 16 part A, Form 16 part B, Information Required and FAQs

Term Insurance: Smokers vs Non-Smokers

Different Types of Premium in Term Insurance

Understanding Term Insurance Riders

5 Benefits of Early Retirement Planning

Why Should You Buy Term Insurance in 2022?

Calculating Term Insurance Premium

What Happens to Term Insurance Plan With No Beneficiary - Kotak Life

How Does Term Life Insurance Work? Learn the Benefits

Term Insurance Plans and Policies for Smokers

5 Things To Consider While Buying Term Insurance Plan

Can Term Insurance Plans Be Purchased As A Gift?

Top 3 Reasons Why You Should Buy A Term Plan Now

What are the Documents Required for Term Insurance Plan?

Term Plans are Definitely Cheaper than You Think!

Advantages of Buying Term Insurance in Your 50s

What Is a Renewable Term Insurance Policy?

Key IRDAI Regulations That Changed Face Of Term Insurance Industry In 2020

Increasing Term Insurance and Riders

Why Buying a Term Plan Is Smarter Than Traditional Life Insurance Products

Do I Need to Give a Medical Test for Term Insurance in India?

What Types of Deaths Are Covered in a Term Insurance Plan?

How To Calculate The Amount Of Term Life Insurance You Need?

Know How to Invest at Every Age for Larger Returns

Term Insurance Age Limit – Term Plan for All Age Groups

Is Group Term Life Insurance Provided By Employer Sufficient?

9 Most Frequently Asked Questions on Term Insurance

Why Married People Should Buy Term Insurance Under MWP Act?

What Should Be The Duration Of Your Term Plan in India?

What is the Right Term Period For Term Insurance Policy? Here's How You Should Choose!

Is Life Insurance Investment Worthy Enough

How to Ensure That Your Term Insurance Claims Are Never Rejected?

Is There Any Tax Benefit on Term Insurance?

Why Term Insurance Is Important in times of COVID-19?

Buying A Term Insurance? Don't Ignore the Claims Settlement Ratio

Best Investment Plans for Children - Secure Your Child's Future

Busting Myths and Facts About Term Insurance Policies

All About Term Insurance Inbuilt Coverage

Term Insurance: What Happens When You Don’t Pay Your Premiums?

Which Death Type Does Your Term Plan Not Cover?

Why Should You Add a Rider to a Term Insurance Plan?

Why Buy Term Insurance Plan With a High Cover?

What Are the Best Term Insurance Plans for Planning Retirement?

Do You Need Term Insurance Cover After Retirement?

What is Insurance Premium - A Detailed Guide

Can Senior Citizens Avail Term Insurance?

Why 1 Cr Term Plan Is Necessary For Family?

What Happens if you Hide Facts in your Term Insurance?

Should Youngsters, Working Couples Buy Term Insurance Plans?

How Not To Get Your Term Insurance Claim Rejected

Can I Get Term Insurance on Behalf of My Spouse?

Are The Add-ons and Optional Features of Term Insurance Plans Actually Beneficial?

Can I Buy Term Insurance for a COVID-19 Patient?

8 Benefits of Term Insurance You Should Know

Why Term Insurance Is Better Than ULIP?

Eligibility Criteria for Buying Term Insurance in India

Make Your Online Term Plan Your Familys Monthly Payout

Planning For Son or Daughter's Wedding

What Is a Passive Income? Why Should You Use It to Buy a Term Plan?

Term Vs. Whole Life Insurance: Which One You Should Buy in India?

How to Surrender Term Life Insurance When you have No Liabilities

Buying A Term Insurance Plan? Take These Factors into Account