Sbi Child vs Bajaj Life Life Insurance 2026 | PolicyX
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At a glance

Which insurer is ahead on the figures both publish

Claim settlement ratio

Bajaj Life

Minimum Age- 0 years%Sbi Child 99.66%Bajaj Life

Share of death claims the insurer paid

Solvency ratio

Sbi Child

70 yearsSbi Child 2.69Bajaj Life

IRDAI minimum is 1.5

COMPANY DETAILS ✎ Edit

Sbi Child

✎ Edit

Bajaj Life

Customer rating

Customer rating

4.6 / 5

Customer rating

4.6 / 5
Life insurance plans listed

Life insurance plans listed

2 plans ❯

Life insurance plans listed

1 plan ❯
Annual premiums collected (2024-25)

Annual premiums collected (2024-25)

₹ Rs 1 lakh to No limit

Annual premiums collected (2024-25)

₹ 27,160.06 crore
Claim settlement ratio

Claim settlement ratio

Minimum Age- 0 years%

Claim settlement ratio

99.66% Higher
Solvency ratio

Solvency ratio

70 years Higher

Solvency ratio

2.69
Pan India presence (branches)

Pan India presence (branches)

Annual, half-yearly,

Pan India presence (branches)

598
Payout options

Payout options

Not available

Payout options

Bajaj Life Insurance plans offer flexible payout options, allowing nominees to receive benefits as a
Riders available

Riders available

21 ninus child entry age

Riders available

Bajaj Life Insurance claim forms are available for download on their official website or can be obtained from any Bajaj Life Insurance branch office.
Inception year

Inception year

Not available

Inception year

27,160.06 cr
Complaints per ₹1 crore of premium collected

Complaints per ₹1 crore of premium collected

Not available

Complaints per ₹1 crore of premium collected

2001
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Bajaj Life Insurance Plans

Bajaj Life Insurance Plans

Plans from Sbi Child and Bajaj Life

Every plan we list from each insurer, including its term and investment plans. Switch insurer to see the other's plans.

Sbi Child Plan

SBI Smart Scholar

SBI Life Smart Scholar is a Unit Linked Child insurance plan that combines life cover with market-linked investments to secure a… Read More

  • Explore SBI Life Smart Scholar
  • Know Its Features & Benefits
  • Check the Eligibility Criteria
Sum assuredSingle Pay or 5 to 25 Years
Entry ageMinimum Age: 0 years; Maximum Age: 17 y…
View plan
Sbi Child Plan

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

  • One-time payment option available
  • Offers Guaranteed Smart Benefits
  • Get Tax Benefits on premiums
Sum assuredMinimum Sum Assured: ₹1,00,000, Maximum…
Entry ageMinimum Age - 0 years Maximum Age - 13…
View plan
Life Plan

Bajaj Life POS Goal Suraksha Plan

The Bajaj Life POS Goal Suraksha Plan combines life insurance with savings, offering death benefits for loved ones and maturity b… Read More

  • Guaranteed additions
  • Limited payment term
  • Alter payment modes
Sum assured5,6,7,8,10,12 years
Entry ageMinimum Entry Age: 0 years, Maximum Ent…
View plan
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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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