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Sbi Smart Champ
VS
Flexi Smart Plus
| PLAN DETAILS |
Sbi Smart Champ |
Flexi Smart Plus |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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| Plan Uniqueness |
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| Plan Maturity age | Maximum Maturity Age - 70 years | Maximum Maturity Age - 65 years |
| Premium payment term | 18 minus child& 039;s entry age | Annual, half-yearly, quarterly & monthly |
| Plan Entry Age | Minimum Age - 0 years Maximum Age - 13 years | Minimum Age - 18 years Maximum Age - 60 years |
| Sum assured | Rs. 1 Lakh to Rs 1 Crore | 10 times annual premium |
| Premium payment frequency | Annual, half-yearly, quarterly & monthly | Annual, half-yearly, quarterly & monthly |
| Plan Sample Premium | - | - |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | 21 minus child | Minimum 5 years to Maximum 30 years |
| Claim Settlement Ratio (2024-25) | Minimum Age- 0 years | 98.83% |
SBI Life Smart Champ Insurance plan is a participating non-linked individual life insurance plan. The product has been developed to provide life coverage along with savings to secure the educational needs of your child. SBI Smart Champ is designed to fulfill your goals as a parent. SBI Smart Champ helps you to save money for your child's education and secure the future of your child against the uncertainties of life. SBI Smart Champ Insurance plan is a participating plan, it participates in profits and accumulates bonuses after every policy year ends until the child turns 18 years of age.
SBI Smart Champ Plan offers you a range of benefits including:
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