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:
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- 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) |