Lic Investment vs Sbi Child

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Lic Investment vs Sbi Child

COMPANY DETAILS Edit LIC Investment Plans

Lic Investment

Edit SBI Child Plans

Sbi Child

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

000 to No limit

Annual Premiums Collected (2024-25)

Rs 1 lakh to No limit
Payout Options

Payout Options

-

Payout Options

-
Claim ratio

Claim ratio

Minimum Age - 5 year%

Claim ratio

Minimum Age- 0 years%
Solvency Ratio

Solvency Ratio

80 years

Solvency Ratio

70 years
Branches

Branches

Annual, half-yearly,

Branches

Annual, half-yearly,
Riders Available

Riders Available

Minimum term: 6 years. Maximum term: 30 years.

Riders Available

21 ninus child entry age
Policy Term

Policy Term

5 to 30 years

Policy Term

18 ninus child entry
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6 Best LIC Plans to Invest

6 Best LIC Plans to Invest

Overview

LIC Investment Plans: Overview

The Life Insurance Corporation of India (LIC) is the oldest player in India's insurance sector, serving the country's insurance needs for a long period. As a leading player in the market, LIC has maintained its reputation as the largest insurance company in India.

LIC Investment Plans are tailored to meet customers' financial and investment needs, such as education, health, life cover, children's marriage, and retirement. These plans are designed to effectively address financial burdens during life's emergencies and uncertainties.

LIC Investment Plans are designed to meet your investment needs by offering:

  • Maturity benefits
  • Death benefits
  • Participation in profits
  • Additional riders to choose from

Riders

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SBI Child Plans

SBI child plan encourages you to arrange your finances so that your child'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 available
  • Offers Guaranteed Smart Benefits
  • Get Tax Benefits on premiums

SBI Smart Champ (Pros)

SBI Smart Champ
  • Death Benefits
  • Smart Benefits
  • Discounts

SBI Smart Champ (Cons)

SBI Smart Champ
  • No coverage for pre-existing conditions
  • 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: ₹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.