Do I still have authority over my kid's ILP policy such as switching of funds, withdrawals, termination when my kid turns 18?

I will assume that you are the policyowner and your child is the life insured for the investment-linked policy. In this case, you will have the rights to make any changes to the policy, e.g. fund switch.

In like manner, you will retain the rights when your child reaches 18 years old and beyond. In detail, you will retain this rights so long as you remain as the policyholder of the investment-linked policy.

On the other hand, you may wish to do a change of policyholder to your daughter. Thereafter, you will lose your rights as the policyholder to the policy.

I hope this clarifies the current situation, and what you can do in the future.

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