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Product Information
Child Plans SBI Life - Smart Scholar
Synopsis:
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Secure your child’s future by gaining from the financial markets. Our specially crafted Smart Scholar Plan is as accommodating as you are to your child.

Features:

  • Secure your child’s future by gaining from the financial markets and much more.
  • Dual protection for your family, in case you are not around -
  • Payment of base Sum Assured
  • Inbuilt Premium Pay or Waiver benefit to ensure continuance of your policy
  • In addition, Accident Benefit which includes Accidental Death benefit and Accidental Total and Permanent Disability (Accidental TPD) benefit, is an integral part of the plan
  • Depending upon the term of the policy, Loyalty Additions would be paid periodically, for in-force policies.
  • Enhanced investment opportunity through 7 varied fund options
  • Twin benefits of market linked return & insurance benefit
  • Liquidity through partial withdrawal(s)
Eligibility:
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Age at Entry Child: Min: 0 years Max: 17 years
Proposer: Min: 18 years Max: 57 years
Max. Age* at Maturity 65 years
Policy Term Min: 8 years
Max: 25 years less child’s age at entry
On Maturity, the age of child should be between 18 to 25 years)
Premium Payment Single Premium (SP)
Terms (PPT) 5 to 25 years (subject to the limits of policy term)