Mr Right | Child Education Planning in India: 2026 Parent's Guide

Get your child's education number — free

Tell us your child's age and dream course; we'll calculate the inflation-adjusted target on WhatsApp.

The real cost: education inflation is ~10%

Education costs in India rise roughly 10% a year — far above general inflation:

Course (today)	Cost today	In 13 years (child now 5)
Engineering (private)	₹15 lakh	~₹52 lakh
MBBS (private)	₹60 lakh	~₹2.1 crore
MBA (top tier)	₹25 lakh	~₹86 lakh

Most parents underestimate by 2–3×. Calculate with inflation, not today's fees.

Child plan vs mutual funds: honest comparison

Child ULIP/child plans — insurance + investment bundled. Convenient, but returns are modest (5–7%) and lock-ins are long.
Mutual funds (SIPs) — historically 10–12% over long periods, flexible, but no insurance cover and needs discipline.
The balanced approach — adequate term insurance on the earning parent (so the goal survives even if you don't) + SIPs for growth. This usually beats bundled child plans on both cost and returns.

Step-by-step plan

Set the target — course cost today × (1.10 ^ years remaining).
Protect the goal — term cover so the corpus gets built even without you.
Invest monthly — SIP amount = target ÷ months, adjusted for expected returns.
De-risk near the goal — shift to debt funds 3 years before admission.
Review yearly — increase SIPs as income grows.

Frequently asked questions

How much should I save for my child's education?

Take today's course cost, grow it at 10% per year till admission age. For a 5-year-old aiming at private engineering (~₹15L today), that's roughly ₹50–55 lakh needed at 18.

Are child insurance plans good?

They bundle insurance with investment, which sounds neat but usually delivers modest returns with long lock-ins. A term plan + mutual fund SIPs typically builds a bigger corpus for the same money.

What if something happens to me before the goal is met?

This is exactly why the earning parent needs term insurance first. A ₹2 Cr term cover ensures the education fund exists regardless. Insurance protects the plan; investments build it.

When should I start saving for child's education?

Immediately — even small SIPs compound hugely over 10–15 years. Starting at birth vs at age 8 can halve the monthly amount needed.

Watch: Bima Gyan by ViRa

From our YouTube channel Bima Gyan by ViRa — simple Hindi/Hinglish explainers.

Related guides

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Insurance is the subject matter of solicitation. Figures on this page are illustrative estimates for education, not quotes — actual premiums depend on insurer underwriting, age, health and plan terms. Read all policy documents carefully before buying.

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Child Education Planning in India: A Parent's Guide