Pramerica Life
vs
Sbi Child

  • Top life insurers to choose from
  • Multiple sum assured options
  • Choice of premium-payment term
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Pramerica Life vs Sbi Child

Pramerica Life

Pramerica Life Insurance offers a wide variety of term insurance plans to suit your individual needs. They provide a wide range of life insurance solutions for individuals and groups.

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 Pramerica Life Insurance

Pramerica 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)

1435.39 crore

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

98.8%%

Claim ratio

Minimum Age- 0 years%
Solvency Ratio

Solvency Ratio

4.1

Solvency Ratio

70 years
Branches

Branches

137+

Branches

Annual, half-yearly,
Riders Available

Riders Available

Accidental Death Benefit Rider, Accidental and Total Permanent Disability Rider, Critical Illness Rider, Waiver of Premium Rider

Riders Available

21 ninus child entry age
Policy Term

Policy Term

5 to 35 years

Policy Term

18 ninus child entry

Know More About Companies

Overview

Pramerica Life Insurance

Pramerica Life Insurance offers a wide variety of term insurance plans to suit your individual needs. They provide a wide range of life insurance solutions for individuals and groups, taking care of various aspects of financial protection required. Since its inception in 2008, Pramerica Insurance Company has leaped towards immense growth with an extensive distribution network, customer support, and impressive annual premiums. Pramerica Life has a network of 133 branches across India providing individuals with all kinds of insurance needs. Pramerica Life term insurance plans offer high sum assured and low premium rates, and customers can customize their plans based on their needs.

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

why-choose
  • Economical Plans

  • Riders Benefit

  • Flexible-Premium Payment Options

  • Affordable Premiums

 

Riders

Riders You Can Avail With Pramerica Life Insurance Plans

Name of the Riders Benefits
Pramerica Life Accidental Death Benefit Rider Under this rider, if the policyholder dies after 180 days of the occurrence of the accident, an additional benefit equal to the rider sum assured will be payable to the nominee with immediate effect.
Pramerica Term Accidental and Total Permanent Disability Rider Under this rider, upon the policyholder’s disability due to an accident, a rider sum assured will be paid for the treatment and managing monthly expenses.
Pramerica Term Critical Illness Rider Under this Rider, if the policyholder is diagnosed with any of the listed 36 critical illnesses, a rider sum assured will be paid to the nominee.
Pramerica Term Waiver of Premium Rider IUnder Pramerica’s Life waiver of premium rider, if the policyholder is diagnosed with any of the listed 40 critical illnesses or is fully disabled due to an accident then all the future premiums of the ongoing term plan will waived off with immediate effect.

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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.