Sbi Smart Champ
vs
Smart Life Plan
- Choose your coverage tenure
- Multiple sum assured options
- Enhance coverage with add-ons
| PLAN DETAILS |
 Sbi Smart Champ |
 Smart Life Plan |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Uniqueness |
|
|
| Plan Maturity age | Maximum Maturity Age - 70 years | Maximum Maturity Age - 75 years |
| Premium payment term | 18 minus child& 039;s entry age | 6, 8, 10, 12, and 15 years |
| Plan Entry Age | Minimum Age - 0 years Maximum Age - 13 years | Minimum Age - 3 years Maximum Age - 55 years |
| Sum assured | Rs. 1 Lakh to Rs 1 Crore | Rs. 2,50,000 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 | 75 years less entry age of life insured |
| Claim Settlement Ratio (2023-24) | Minimum Age- 0 years | Minimum Age - 5 year |
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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