Dear Abhishek  if you are looking for any traditional children plan then you can go for the Future generali child benefit plan or  LIC Komal Jeevan.

Future Generali Life insuerance : Future Generali Child Benefit Plan

Features

* Flexibility in terms of planning for your child’s future with wide range of solutions.
* Option1: Future Child Benefit Plan Option @ 21 or
Option 2: Future Child Benefit Plan Option @ 23
* Depending upon the option selected, regular payouts to provide money to meet educational expenses at different stages
* Guaranteed Additions @3.5% of Sum Assured per annum at a compounding rate at the end of each of the first five policy years.
* Compounded Reversionary bonuses thereafter
* Large Sum Assured Discount
* Tax benefits on premiums paid
* Benefits received are non-taxable

Benefits :-

Benefits are offering with the two different option it totally depends on you which one is better option for you.
Option 1:
Future Child Benefit Plan @ 21:
Payable on the policy anniversary     % of Sum Assured
3 years prior to maturity           15%
2 years prior to maturity           25%
1 year prior to maturity             25%
At maturity 35% + Guaranteed additions + vested bonuses


Option 2:
Future Child Benefit Plan @ 23:

Payable on the policy anniversary % of Sum Assured
5 years prior to maturity      10%
4 years prior to maturity      15%
3 years prior to maturity      15%
2 years prior to maturity      15%
1 year prior to maturity        20%
At maturity 25% + Guaranteed additions + vested bonuses

LIC - Komal Jeevan

Komal Jeevan  is a Children's Money Back Plan that provides financial protection against death during the term of plan with periodic payments on survival at specified durations.

Guaranteed Additions:
The policy provides for theGuaranteed Additions at the rate of  Rs.75 per thousand Sum Assured for each completed year. The Guaranteed Additions are payable at the end of the term of the policy or earlier death of the Life Assured.

Death Benefit:
In case of death of the life assured before the commencement of risk, the policy shall stand cancelled and premiums paid (excluding the Premium for Premium waiver Benefit ) under the policy will be refunded.

Maturity Benefit:
The Guaranteed Additions together with Loyalty Additions, if any, is payable in a lump sum on survival to  the end of the policy term.

Premium Waiver Benefit:
This is an  optional benefit that can be added to your basic plan.  An additional premium is required to be paid for this benefit.

Guaranteed Surrender Value:
The policy may be surrendered after it has been in force for 3 years or more. The Guaranteed Surrender Value before the date of commencement of risk is 90% of the premiums paid excluding the premiums paid during the first year and any extra premium paid.