Here are the ways to withdraw money from a child insurance plan: o Partial withdrawals can be made from a child plan depending on the plan chosen. For instance, the ICICI Pru Signature plan and the ICICI Pru Smart Life plan give easy access to money for unforeseen financial circumstances during the policy term. Up to 20% of the fund value can be withdrawn after completion of the 5th year from the purchase of the policy+ These partial withdrawals+ can be made free of cost with no penalty. They also do not impact the sum assured amount. Hence, even if a partial withdrawal from the plan has been made previously, the child stays financially protected in case of an unfortunate event and receives the entire sum assured amount The benefits received are also tax-free^ subject to conditions under Section 10(10D) of the Income Tax Act, 1961