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Sbi Smart Wealth Builder vs Sbi Smart Champ

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Sbi Smart Wealth Builder vs Sbi Smart Champ

Sbi Smart Wealth Builder

SBI Life Smart Wealth Builder is an individual, unit-linked, and non-participating life insurance plan. It offers a dual benefit of insurance and investment. The plan provides a guaranteed bonus at different stages during the policy tenure. It is specifically designed for achieving life goals such a...

Sbi Smart Champ

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 h...

PLAN DETAILS

Sbi Smart Wealth Builder


Sbi Smart Champ

Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed Bonus During Policy Term
  • Free Look Period of 15 Days
  • 1 Free Partial Withdrawal
  • One-time payment option available
  • Offers Guaranteed Smart Benefits
  • Get Tax Benefits on premiums
Plan Uniqueness
  • Death Benefits
  • Maturity Benefits
  • Guaranteed Additions
  • Guaranteed smart benefits
  • Triple protection
  • Flexibility
Plan Maturity age Maximum Maturity Age - 70 years Maximum Maturity Age - 70 years
Premium payment term 5 to 30 years Minimum Sum Assured: ₹1,00,000, Maximum Sum Assured: ₹1 Crore
Plan Entry Age Minimum Age - 7 years Maximum Age - 55 years Minimum Age - 0 years Maximum Age - 13 years
Sum assured 10 X Annualized Premium Rs. 1 Lakh to Rs 1 Crore
Premium payment frequency Annual, half-yearly, quarterly & monthly Life coverage, savings for child's education, and additional coverage for Total Permanent Disability.
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 5 to 30 years 21 minus child
Claim Settlement Ratio (2024-25) Minimum Age- 14 year Minimum Age- 0 years

Know More About Plans

SBI Life Smart Wealth Builder is an individual, unit-linked, and non-participating life insurance plan. It offers a dual benefit of insurance and investment. The plan provides a guaranteed bonus at different stages during the policy tenure. It is specifically designed for achieving life goals such as higher education for your children, marriage, buying a house, or travel.

With SBI Life Smart Wealth Builder, you can build a financial corpus to fulfill your long-term financial goals. Continue reading to explore more about the plan.

SBI Life Smart Wealth Builder Plan offers you a range of benefits including:

  • Flexibility to pay premiums for 7, 10, or 12 years
  • Accidental Death and Accidental Total and Permanent Disability Benefit
  • Free look period of 15 days
  • Tax Benefits
  • Life Insurance Coverage
  • Switching Option

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