India, 28 April 2026: Bajaj Life Insurance, one of India’s leading private life insurers, has announced the launch of the Bajaj Life Young Achiever Plan, a child insurance solution that combines wealth creation with comprehensive protection for a child’s future goals.
Designed to help parents build a guaranteed financial corpus through a child insurance plan, the solution ensures that key child milestones remain financially secure, regardless of life’s uncertainties. In the unfortunate event of the parent’s death or disability or diagnosis of a covered Critical Illness, all future premiums are waived, ensuring the plan continues uninterrupted.
The Young Achiever Plan addresses the full spectrum of child-related educational goals, ranging from school-year expenses and higher education fees to extracurricular pursuits. Key features of the plan include:
∙ Guaranteed Returns: Helps parents build a secure financial corpus for their child ∙ Choice of Plan Variant: Parents can choose between a guaranteed lump-sum payout or guaranteed regular income, offering flexibility to match varied children’s future needs.
∙ Comprehensive Protection for Parent: Waiver of Premium Rider covers death, Accidental Total Permanent Disability (ATPD), and 25 major critical illnesses, ensuring the policy continues under unforeseen circumstances.
∙ Flexible Premium Terms: Premium payment terms ranging from 5 to 12 years, with policy terms aligned to the child’s milestone timeline.
∙ Tax Efficiency: Tax benefits are available on premiums paid and benefits received, as per applicable tax laws, with 0% GST applicable on the plan.
Sameer Joshi, Chief Agency Officer, Bajaj Life Insurance, said, “Every parent seeks the assurance that their child’s aspirations remain secure, no matter what. With rising education costs and evolving goals, that assurance must be built on both certainty and continuity. The Bajaj Life Young Achiever Plan is designed to ensure that a child’s key milestones remain financially safeguarded, even in the face of life’s uncertainties, enabling parents to move forward with confidence as they build their child’s future.”
The Bajaj Life Young Achiever Plan reflects the company’s enduring commitment to providing meaningful, future-ready financial solutions for Indian families. As the cost of education rises and aspirations for children grow, this plan empowers parents to take proactive, confident steps toward securing every milestone, from the first day of school to the first day of a career.
About Bajaj Life Insurance
Bajaj Life Insurance Limited (formerly known as Bajaj Allianz Life Insurance Company Limited) is one of India’s leading and fastest growing private life insurers. In operation since 2001, it is a subsidiary of Bajaj Finserv Limited, one of India’s most diversified non-banking financial institutions. The Company continues its journey of enabling Life Goals through trusted insurance solutions and a strong financial foundation. With innovation and a Customer First philosophy at its core, Bajaj Life delivers life insurance solution s that are inclusive, personalised, and relevant to evolving customer needs. By reimagining every touchpoint through a digital-first, customer-focused approach, the Company continues to set new benchmarks in accessibility, simplicity, and trust. A strong focus on distribution excellence, service innovation, and future-ready capabilities powers its journey as a trusted Life Goals enabler across India.
Bajaj Life serves over 3.47 crore* individual and group customers through a vast distribution network of 598 branches*, 1,64,287 agents*, 442 institutional partners*, including 36 bank partners across India, and its proprietary sales channels (online and offline). As of March 2026, total Assets Under Management (AUM) stood at Rs. 133,573 crores, including unclaimed funds of Rs. 37 crores and CBR funds of Rs. 61 crores. Bajaj Life has an Individual Claim Settlement Ratio of 99.29% (FY 2024–25) and maintains a strong Solvency Ratio of 333% (as on 31 December 2025).
