Indiafirst Life
vs
Sbi Child

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  • Multiple sum assured options
  • Choice of premium-payment term
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Indiafirst Life vs Sbi Child

Indiafirst Life

India First Insurance Company offers several products that are designed to cater to the various needs of every individual and also provides various investment products.

Sbi Child

SBI child plan encourages you to arrange your finances in a manner so that your child& 039;s future dreams are never a burden on your pocket.

COMPANY DETAILS Edit Indiafirst Life Insurance

Indiafirst Life

Edit SBI Child Plans

Sbi Child

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

₹ 754.37 cr

Annual Premiums Collected (2023-24)

Rs 1 lakh to No limit
Payout Options

Payout Options

Lump sum, regular frequencies or a combination of both

Payout Options

-
Claim ratio

Claim ratio

97.04%

Claim ratio

Minimum Age- 0 years%
Solvency Ratio

Solvency Ratio

2

Solvency Ratio

70 years
Branches

Branches

120+

Branches

Annual, half-yearly,
Riders Available

Riders Available

Term Insurance Rider

Riders Available

21 ninus child entry age
Policy Term

Policy Term

5 to 40 years

Policy Term

18 ninus child entry

Know More About Companies

Overview

IndiaFirst Life Insurance

IndiaFirst Life Insurance Company Limited is one of India's fastest-growing private life insurers, with a share capital of ₹754.37 crores. Since its establishment in 2009, IndiaFirst has been catering to customers' protection, savings, and retirement needs with its pocket-friendly and easy-to-understand products. IndiaFirst Life Insurance holds an impressive Claim Settlement Ratio of 97.04% as of March 31, FY 2022-23. The insurer's shareholders are the Bank of Baroda, Union Bank of India, and Carmel Point Investments India Private Limited. As of 1st April 2024, the insurer offered 29 life insurance products and 6 riders under the following categories: Participating, Non-Participating, Savings, Protection, ULIPs, Group Protection, and Corporate Funds plans. IndiaFirst has been rewarded with plenty of awards & accolades throughout its journey. For instance, in the Fest Leadership Awards 2023, they were awarded Best Customer-centric Company and the Economic Times's Best Brands in 2021.

Indiafirst Life Insurance Company ensures to look after your insurance needs by offering:

why-choose
  • Customer-centric plans

  • Pocket-friendly premiums

  • Tailor-made plans for every customer

  • online available plans

 

Riders

Riders You Can Avail With IndiaFirst Life Insurance Plans

Name of the rider Benefits
IndiaFirst Term Rider  This rider enhances your life cover with extra coverage at affordable prices. In case of the policyholder’s demise during the policy tenure, additional benefits are paid to their nominee.

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SBI child plan encourages you to arrange your finances in a manner so that your child& 039;s future dreams are never a burden on your pocket.

SBI Child Plan Plans

SBI Child Plan

Give your children more than your love... Give them a lifetime of Financial Security. SBI Life Smart Scholar is an Individual, Unit Linked, Non-partic...

Unique Features

  • Explore SBI Life Smart Scholar
  • Know its Features & Benefits
  • Check the Eligibility Criteria

SBI Smart Scholar (Pros)

SBI Smart Scholar

SBI Smart Scholar (Cons)

SBI Smart Scholar

SBI Smart Scholar (Other Benefits)

SBI Smart Scholar

SBI Smart Scholar (Eligibility Criteria)

SBI Smart Scholar

SBI Child Plan

SBI Life Smart Champ Insurance plan is a participating non-linked individual life insurance plan. The product has been developed to provide life cover...

Unique Features

  • One-time payment option is available
  • Offers Guaranteed Smart Benefits
  • Get Tax Benefits on premiums Renewal Option

SBI Smart Champ (Pros)

SBI Smart Champ
  • Death Benefits
  • Smart Benefits
  • Discounts

SBI Smart Champ (Cons)

SBI Smart Champ
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Smart Champ (Other Benefits)

SBI Smart Champ
  • Waiver of Due Premiums
  • Policy Loans
  • Rebates on Large Sum Assured

SBI Smart Champ (Eligibility Criteria)

SBI Smart Champ
  • Minimum entry age- 0 years
  • Maximum entry age- 13 years
  • Minimum sum assured- Rs 1
  • 00
  • 000
  • Maximum sum assured- 1 crore
  • Maximum policy term- 30 years
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.