Pramerica Life vs Sbi Child Life Insurance 2026 | PolicyX
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Pramerica Life

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Sbi Child

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

Annual Premiums Collected (2024-25)

₹ 2074.43 crores

Annual Premiums Collected (2024-25)

₹ Rs 1 lakh to No limit
Payout Options

Payout Options

Lump sum, regular frequencies or a combination of both

Payout Options

-
Claim ratio

Payout Options

99.18%%

Payout Options

Minimum Age- 0 years%
Solvency Ratio

Solvency Ratio

2.33

Solvency Ratio

70 years
Pan India Presence

Pan India Presence

134

Pan India Presence

Annual, half-yearly,
Riders Available

Riders Available

Accelerated Benefit Rider, Waiver of Premium Rider, Children's Term Insurance Rider, Return of Premium Rider, Accidental Death Benefit Rider, Accidental Total and Permanent Disability Rider

Riders Available

21 ninus child entry age
Inception year

Inception year

-

Inception year

-
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

-

Complaint ratio per ₹1 crore of premium collected

-
Average claim settlement time

Average claim settlement time

-

Average claim settlement time

-
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Types of SBI Child Plans Plans

Every plan currently being sold by SBI Child Plans, shown side-by-side so you can shortlist quickly.

SBI Smart Champ

The SBI Life Smart Champ Plan is a participating life insurance plan designed to secure a child's educational future. It combines ... Read More

Unique Features

  • One-time payment option available
  • Offers Guaranteed Smart Benefits
  • Get Tax Benefits on premiums
Sum AssuredMinimum entry age: 0 years
Entry AgeMaximum entry age: 13 years
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Life Insurance Articles

Quick Comparison with Other Insurers

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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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