Buy Policy in just 2 mins
2 lakh + Happy Customers
Free Comparison
SBI child plans offered by SBI Life, one of the leading life insurance companies in India is a joint venture between the BNP Paribas Cardif and State Bank of India, (India's largest bank). The company began its operations in 2001 with a vision to present insurance solutions that suit customers' requirements. It very well understands the importance of building a financial corpus and believes in giving wings to your child's dreams. The company offers a multitude of child plans, to provide you with financial assistance to fulfill your life goals such as your child's education, marriage, and other responsibilities.
The SBI child plan encourages you to arrange your finances in a manner so that your child's future dreams are never a burden on your pocket. Proper financial planning is an essential part to raise a child and SBI Child insurance plans prepare you for the same.
Availing SBI Life Child Plan will help you in building the financial corpus needed for education, emergencies, marriage etc. Investing in SBI Life Child Insurance Plan is a smart financial decision that helps you in securing the future financial needs of your children.
SBI Life Insurance is amongst the most trusted insurance providers in India. With so many life insurance companies available in India, choosing the right insurance company can be a hectic task. It is important that you choose the right insurer and the right plan that will best suit the potential needs of your family. So, before choosing any life insurance company, you need to check some important factors of the insurance company such as claim settlement ratio, solvency ratio, annual premium, and operating network.
To get more insight into SBI Life Insurance Company's performance, take a look at the below key features that will help you to analyze the company based on its performance:
SBI Life Child Insurance plans offer a host of benefits to the policyholders. SBI Life Child plans offer the protection of a policyholder's entire family. Moreover, various riders ensure that the policyholder is covered no matter what the circumstances. To know more about the benefits of the SBI Life Child Plan read the details below:
SBI Life child plans are one of the most versatile insurance plans that help you secure your child's future and provide them with the best.
SBI Life Smart Champ Insurance is a plan designed for children to ensure their future education is completed without any hurdles.
Unique Features
This policy offers 7 different fund options to invest in. The policy has built-in Accidental Death and AT&PD benefit.
Unique Features
Secure the future of your child with the below-mentioned IRDAI-approved child insurance companies.
SBI Life Insurance allows you to buy life insurance plans via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying processes.
**Once the payment is made, you will get a payment confirmation at your registered email address.
**Once the payment is made, you will get a payment confirmation at your registered email address.
SBI Life Insurance Child plans offer a very easy and hassle-free claim settlement process. One can easily file their claims by following the below-mentioned steps:
SBI Life Insurance Co. Ltd, 8th level Seawoods Grand Central, Tower 2, Sector 40, plot No.R-1, Seawoods, Nerul, Navi Mumbai- 400706.
info@sbilife.co.in
1800 267 9090 (Available from 9:00 am to 9:00 pm IST)
See More Life Insurance Articles
See More Life Insurance Articles
1. How can I change my premium paying option for SBI child plans?
SBI Life allows certain changes in the child's plan that is subject to the terms and conditions of the particular. For any amendments, it is suggested to visit the nearest SBI Life branch.
2. How can I check the policy status of SBI Life Child Plans?
To check the policy status of the SBI Life Child plan, you have to simply log in to (mypolicy.sbilife.co.in) by entering valid details like login ID and password. You will get the complete status of your chosen child plan.
3. What are the different modes for SBI Child Plans Renewals?
Renewal of SBI Life Child plan is easy and fast. Customers can renew child plans in the following ways:
4. What is the policy cancellation process for SBI Life Child Plans?
SBI Life allows its customers to cancel the policy if they are not satisfied with it. This cancellation is allowed in the free-look period, where the insured has to visit the nearest branch office of the company along with necessary documents like the original policy document, canceled cheque, and an application letter mentioning the exact reason for policy cancellation. Upon receipt, SBI Life shall carry out the cancellation process.
5. Can I change my nominee under the SBI Child plans?
Yes, you can change your nominee. For the same, you have to submit the 'Change in Nomination Form' at the nearest branch of the SBI Life Branch or the Central Processing Centre (mentioned below).
SBI Life Insurance Co. Ltd.
Central Processing Center
8th Level, F2 Wing, Seawoods Grand Central, Tower 2,
Sector-40, Seawoods, Nerul Node, Navi Mumbai-400 706
6. What do I do if I lose/misplace my SBI child policy?
If you lose your insurance policy's documents, you can apply for a duplicate copy of the same.
7. Is there any Premium Frequency Loading under SBI Smart Champ Plan?
Yes, the plan has a loading as per the below table:
Half-yearly | 51.00% of annual premium |
Quarterly | 26.00% of annual premium |
Monthly | 8.50% of annual premium |
8. Am I eligible to avail any tax benefits under SBI Child Plans?
Yes, One may be eligible for Income Tax benefits as per the applicable income tax laws in India.
9. What are the available modes of paying premiums of SBI Child Plans?
SBI Life customers can now pay their premiums in the following ways:Internet Banking
10. What will happen to my policy once it is matured?
On completion of Policy Term, Fund Value will be paid as lump sum.
Biswajit Barman
Kolkata
April 20, 2024
Review: HDFC Life Insurance Term Policy HDFC Life Insurance Term Policy stands out as a beacon of financial security and peace of mind in the ever-changing landscape of life insurance offering...
Shreya Chaudhary
Allahabad
April 8, 2024
I am very grateful to the insurance experts of PolicyX and Mr. Ankur, who kindly helped me settle the claim of Aegon Life Insurance. Thanks again, I& 039;ll always remember this favor.
Prerna Negi
Chennai
April 8, 2024
I bought a Bajaj Allianz Life Insurance through PolicyX, and I must say the level of communication and assistance I have received has been truly impressive.
Preety Kamat
Bhopal
April 8, 2024
Got ICICI Pru iProtect Smart term insurance plan via PolicyX; so far, I& 039;ve hassle-free renewal service and have not faced any kind of nuisance.
Sahani Kaur
Gandhinagar
April 8, 2024
The PNB MetLife Mera Term Plan Plus I& 039;ve bought it at a low premium, and it is fully satisfactory to me. The insurance expert of PolicyX is too polite, and their online buying facility red...
Sneha Nath
Mumbai
March 28, 2024
I would like to inform you that my maturity claims have been settled by SBI Life Insurance on 04.15.2024 and thanks all of you for helping me throughout the claim process.
Khushi Kaur
Chennai
March 28, 2024
I& 039;m writing this review to let you all know that I& 039;m very satisfied because I got my kotak mahindra life insurance policy today as a result of your team effort.
kartik saxena
Goa
March 18, 2024
I had to add some riders to my Sbi life insurance, policy.com team helps to me to understand which rider is more important and which is not. Resulting helps me to save lots of money. Happy with...
Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.
You May Also Know About:
*T&C Apply