Private Insurer IDBI Federal Life Insurance has announced the launch of its premier Child Plan, IDBI Federal Childsurance Dreambuilder Insurance Plan that serves the parent having children aged from one month to 17 years.

As per sources, Childsurance is a Unit Linked Insurance Plan that offers features such as Joint Life Cover, Guaranteed Loyalty Additions, Education Support Benefit, Lumpsum Payment of Future Premiums (on death) and Systematic Allocator Fund that help create a child plan that does not fail. The Plan starts with a minimum annual premium of Rs 25,000 and maximum Rs 100,000.

Managing Director and CEO of IDBI Federal Life Insurance,  G V Nageswara Rao said, “We, with the launch of this child insurance, have created yet another innovation product which manages the twin expectations of growth to counter rising education costs and protection to ensure the plan doesn’t get derailed.”