Sbi Child
vs
Hdfc Life

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Sbi Child vs Hdfc Life

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.

Hdfc Life

HDFC Life is a joint venture between HDFC Ltd., India& 039;s leading housing finance institution, and Aberdeen PLC. It is present in around 980+ towns and cities in India.

COMPANY DETAILS Edit SBI Child Plans

Sbi Child

Edit HDFC Life Insurance

Hdfc Life

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

Annual Premiums Collected (2023-24)

Rs 1 lakh to No limit

Annual Premiums Collected (2023-24)

962.83 Cr.
Payout Options

Payout Options

-

Payout Options

Lump sum, fixed payouts, or a combination of both
Claim ratio

Claim ratio

Minimum Age- 0 years%

Claim ratio

99.7%
Solvency Ratio

Solvency Ratio

70 years

Solvency Ratio

2
Branches

Branches

Annual, half-yearly,

Branches

372 branches
Riders Available

Riders Available

21 ninus child entry age

Riders Available

Income Benefit on Accidental Disability Rider, Critical Illness Plus Rider, Protect Plus Rider, Health Plus Rider
Policy Term

Policy Term

18 ninus child entry

Policy Term

10 to 40 years

Know More About Companies

Overview

SBI Child Plans: Overview

SBI child plans offered by SBI Life, one of the leading life insurance companies in India is a joint venture between the BNP Paribas Cardif and State Bank of India, (India's largest bank). The company began its operations in 2001 with a vision to present insurance solutions that suit customers' requirements. It very well understands the importance of building a financial corpus and believes in giving wings to your child's dreams. The company offers a multitude of child plans, to provide you with financial assistance to fulfill your life goals such as your child's education, marriage, and other responsibilities.

The SBI child plan encourages you to arrange your finances in a manner so that your child's future dreams are never a burden on your pocket. Proper financial planning is an essential part of raising a child and SBI Child insurance plans prepare you for the same.

Availing SBI Life Child Plan will help you build the financial corpus needed for education, emergencies, marriage, etc. Investing in the SBI Life Child Insurance Plan is a smart financial decision that helps you secure the future financial needs of your children.

SBI Child Plans ensures to look after your investment needs by offering:

why-choose
  • Smart Bonus

  • Death Benefits

  • Educational Support

  • Tax Benefits

Riders

Riders You Can Avail With HDFC Life Insurance Plans

Name of the Rider Benefits
HDFC Life Income Benefit on Accidental Disability Rider Offers additional income benefits in case of the policyholder’s demise due to an accident.
HDFC Life Critical Illness Plus Rider A lump sum amount is offered in case the policyholder is diagnosed with any of the 19 critical illnesses.
HDFC Life Protect Plus Rider Additional benefits are offered in case the policyholder is diagnosed with any of 19 critical illnesses or disability due to the accident.
HDFC Life Health Plus Rider A lump sum amount is offered in case the policyholder is diagnosed with any of 60 critical illnesses.

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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.