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Sbi Smart Champ
VS
Lic
| PLAN DETAILS |
Sbi Smart Champ |
Lic |
| 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 - Whole life |
| Premium payment term | 18 minus child& 039;s entry age | - |
| Plan Entry Age | Minimum Age - 0 years Maximum Age - 13 years | Minimum Age - 25 years Maximum Age - 100 years |
| Sum assured | Rs. 1 Lakh to Rs 1 Crore | Rs 1 lakhs to No limit |
| 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 term - 5 years Maximum term - Whole life |
| Claim Settlement Ratio (2024-25) | Minimum Age- 0 years | 98.5% |
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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