Sbi Life vs Hdfc Child Life Insurance 2026 | PolicyX

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Overview

SBI Life Insurance: Overview

SBI Life Insurance Plans are categorized under savings plans, protection plans, wealth creation insurance plans, retirement plans, child plans, money back/income plans, and more, catering to individuals with different financial and protection needs. SBI Life Insurance is a collaboration between the State Bank of India and the French Financial Institution BNP Paribas Cardif. SBI Life Insurance holds a 55.50% stake in the company, and BNP Paribas Cardif owns a 0.22% stake, along with other investors.

SBI Life Insurance Company caters to your insurance needs by offering:

  • Wide range of plans
  • Reliability and trust
  • Ease of purchase
  • Tax benefits
  • Affordable insurance plans
COMPANY DETAILS ✎ Edit

Sbi Life

✎ Edit

Hdfc Child

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

Annual Premiums Collected (2024-25)

₹ 984.63 cr

Annual Premiums Collected (2024-25)

₹ Rs 1 lakh to No limit
Payout Options

Payout Options

-

Payout Options

-
Claim ratio

Payout Options

98.83%%

Payout Options

Minimum Age- 0 years%
Solvency Ratio

Solvency Ratio

1.96

Solvency Ratio

70 years
Pan India Presence

Pan India Presence

1154

Pan India Presence

Annual, half-yearly,
Riders Available

Riders Available

-

Riders Available

21 ninus child entry age
Policy Term

Policy Term

-

Policy Term

18 ninus child entry
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

-
Recommended Videos
SBI Best Lumpsum Plan 2025 | SBI Best Lumpsum Mutual Fund Scheme | SBI Best MF For Lumpsum Invest

SBI Best Lumpsum Plan 2025 | SBI Best Lumpsum Mutual Fund Scheme | SBI Best MF For Lumpsum Invest

Riders

Riders You Can Avail With SBI Life Insurance Plans

Name of the Rider Benefits
SBI Life Accidental Death Benefit Rider This rider provides an additional sum assured if the policyholder dies within 120 days due to an accident.
SBI Life Accidental Total and Permanent Disability Rider This rider offers the sum assured if the policyholder suffers from total and permanent disability due to an accident.
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Types of SBI Life Insurance Plans

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

SBI Life Smart Shield Premier

SBI Life - Smart Shield Premier is a plan designed for individuals who want enhanced financial protection and flexibility. This pl... Read More

Unique Features

  • High Life Cover Starting from ₹2 Crore
  • Level or Increasing Cover
  • Coverage Up to Age 85
View plan

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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