Sbi Child vs Icici Ulip Plans Life Insurance 2026 | PolicyX

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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 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. SBI Life 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 life goals such as your child's education, marriage, and other responsibilities.

The SBI child plan encourages you to arrange your finances 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 an SBI Life Child Plan will help you build the financial corpus needed for education, emergencies, marriage, etc. Investing in an SBI Life Child Insurance Plan is a smart financial decision that helps you secure the future financial needs of your children.

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

  • Smart Bonus

  • Death Benefits

  • Educational Support

  • Tax Benefits

COMPANY DETAILS ✎ Edit

Sbi Child

✎ Edit

Icici Ulip Plans

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

Annual Premiums Collected (2024-25)

₹ Rs 1 lakh to No limit

Annual Premiums Collected (2024-25)

₹ Rs 1 lakh to No limit
Payout Options

Payout Options

-

Payout Options

-
Claim ratio

Payout Options

Minimum Age- 0 years%

Payout Options

Minimum Age- 14 year%
Solvency Ratio

Solvency Ratio

70 years

Solvency Ratio

70 years
Pan India Presence

Pan India Presence

Annual, half-yearly,

Pan India Presence

Annual, half-yearly,
Riders Available

Riders Available

21 ninus child entry age

Riders Available

10 to 30 years
Policy Term

Policy Term

18 ninus child entry

Policy Term

10 to 30 years
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

-
IRDAI registration number

IRDAI registration number

-

IRDAI registration number

-
Awards and recognitions

Awards and recognitions

-

Awards and recognitions

-

Riders

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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

SBI Life Smart Champ Insurance plan is a participating non-linked individual life insurance plan. The product has been developed t... 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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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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