Best LIC Plan for Child Education in 2026

A child plan is really a savings plan with two extra features: payouts timed to education milestones, and a premium waiver so the plan survives if the parent does not.

Amritbaal accumulates guaranteed additions and pays one lump sum at the maturity age you pick between 18 and 25. Jeevan Tarun spreads payouts between ages 20 and 24 with four patterns to choose from. The New Children's Money Back Plan releases money at 18, 20 and 22 with the balance at 25.

Choose the lump sum route for a single large expense such as an overseas admission. Choose staggered payouts for annual fees within India.

Whichever plan you pick, add the Premium Waiver Benefit Rider on the proposer. Without it, a child plan can lapse in the exact situation it was bought for.