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Child Insurance Plans

Your child is the greatest gift that you, as a parent can have. Thus, it makes sense to invest in children’s insurance to protect/safeguard your child’s future education. ‘MyChild’ and ‘Scholar’ from HNB Assurance are products which can be customized according to your child’s needs. Extras such as hospital cover for you and your child, life cover, partial disability, critical illness, accidents are maturity benefits are also available. Secure your childrens future, by protecting them in case if the unexpected were to happen to you or your spouse.

Child Insurance Plans - HNB Assurancewww.hnb.net

My Child



My Child policy from HNB Assurance is the best way to secure your child's future.

On the completion of premium payments, the benefits for your child begin - starting at 10% of the sum assured and growing by 2% each year up to 24% in the 8th year.



10% - Rs. 20,000/- in the first year
12% - Rs. 24,000/- in the 2nd year
14% - Rs. 28,000/- in the 3rd year
16% - Rs. 32,000/- in the 4th year 
18% - Rs. 36,000/- in the 5th year 
20% - Rs. 40,000/- in the 6th year
22% - Rs. 44,000/- in the 7th year 
24% - Rs. 48,000/- in the 8th year

Additional Benefit 

  • Life cover (for the parent) will continue for 8 years after premium payments cease.
  • Declared annual bonus will be accumulated and paid as a lump sum on maturity.
  • In the unfortunate event of your demise or total and permanent disablement during the premium payment period, your child’s annual benefit will increase up to FOUR times. 
  • In case of total and permanent disability during the premium payment period, the basic sum assured will be paid in ten (10) installments.
  • If death is due to an accident, double the basic sum assured will be paid.

Extra Covers that can be selected 

  • Critical Illness Cover
  • Partial Disability Cover
  • Additional Death Cover
  • Spouse Rider Benefit
  • Hospitalization Benefit

Summary of My Child

  • Maturity - Bonus
  • After Maturity For 8 Years):
    1st Year - Sum Assured × 4 × 10%
    2nd Year - Sum Assured × 4 × 12%
    3rd Year - Sum Assured × 4 × 14%
  • Free life cover for 8 years after maturity up to age of 70 years equal to sum insured
  • Death before maturity (Natural) - Sum Assured + LTR (If included) + Bonus
  • Death due to an accident - Basic Sum Assured × 2 + Bonus + LTR (If included) + ADB

More information can be obtained from the nearest HNB Assurance Branch or from our Customer Relation Centre on 0114384384

* Conditions apply as per regulations.



Why should you purchase this policy?

"Education is the best provision for old age"
- Aristotle (384 BC - 322 BC)

"The direction in which education starts a man will determine his future life"
- Plato ( 427 BC - 347 BC)

It is said that you can take everything away from a man except his education. HNB Assurance's Scholar Insurance Plan ensures that this precious gift is never taken away from your child. With Scholar your child will have the means to pursue a sound education regardless of what happens in the future.

How will you benefit?

  • Higher life covers to meet future school fees for a minimum premium in the event of a sudden demise.
  • Double the sum assured if the policy holder's demise is accidental.
  • Extra benefits in the event of policy holder being permanently and totally disabled due to an accident.
  • The option of receiving benefits either as a lump sum or in installments. 
  • Customized premium payment plans to suit individual needs.

More information can be obtained from the nearest HNB Assurance Branch or from our help line on 0114384384

* Conditions apply as per regulations.