SBI Child Plans
- Explore SBI Life Insurance
- Child Plan features and benefits
- Buying and Claim Process
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 of raising a child and SBI Child insurance plans prepare you for the same.
Availing SBI Life Child Plan will help you build the financial corpus needed for education, emergencies, marriage, etc. Investing in the SBI Life Child Insurance Plan is a smart financial decision that helps you secure the future financial needs of your children.
SBI Child Plans ensures to look after your investment needs by offering:
Smart Bonus
Death Benefits
Educational Support
Tax Benefits
Minimum Age- 0 years
70 years
21 ninus child entry age
18 ninus child entry
Annual, half-yearly,
Rs 1 lakh to No limit
To cater to the dynamic insurance needs of an individual and their family, SBI Child comes with a range of plans. This allows their customers to choose an ideal plan for themselves. The company ensures to offer a plan for everyone.
| Plan | Entry Age | Tenure | Minimum Sum Assured | Unique Features |
|---|---|---|---|---|
| SBI Smart Scholar | Minimum Age - 0 years Maximum Age - 17 years | Single-Premium: 1.25 x Single premium |
|
|
| SBI Smart Champ | Minimum Age - 0 years Maximum Age - 13 years | Rs. 1 Lakh |
|
Here is a quick overview of the SBI Child Plans listed in the above table.
SBI Life Smart Scholar is an Individual, Unit Linked, Non-participating Life Insurance Policy that offers myriad coverages to secure the future of the insured children even in the absence of their parents.
There are multiple benefits of SBI Life Child Plans. Read below to understand the plethora of advantages provided by the insurer.
SBI Life Child Plans support the policyholder's child on the educational front and allow them to complete their education without facing any hurdles.
SBI Life Child Insurance plans offer death benefit which makes sure that the policyholder's family does not suffer any financial problems in the absence of the policyholder.
SBI Life Child Plans offer smart bonuses and additional benefits over the sum assured for a greater income.
Child Plans have in-built rider benefits that ensure that a child does not suffer in case of accidental death or accidental total and permanent disability of the policyholder.
Child Plans allow policyholders to claim Tax Benefits under section 80C of the Income Tax Act, 1961 on the premium paid for purchasing the insurance plan.
| Name of the Rider | Benefits |
| SBI Life Accidental Death Benefit Rider | In case of your demise due to the accident, your family can receive additional income benefits over and above your sum assured. |
| SBI Life Accidental Total & Permanent Disability (ATPD) Benefit Rider | This rider provides protection against disabilities. In the unfortunate event of ATPD, the rider sum assured is paid but the policy and other benefits continue. |
Give your children more than your love... Give them a lifetime of Financial Security. SBI Life Smart Scholar is an Individual, Unit Linked, Non-partic...
Unique Features
SBI Life Smart Champ Insurance plan is a participating non-linked individual life insurance plan. The product has been developed to provide life cover...
Unique Features
Here is the list of documents required to buy SBI Life Child Plans:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
SBI Child Plans 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.
Visit the official website of PolicyX.com.
Click on the ‘Child Plan’ tab under 'Life Insurance' from top of the menu.
A new page will appear on the screen.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of SBI Life Insurance Company.
Click on ‘Child Education’ under Life Insurance Plans and choose a plan that best suits your needs.
Click on the ‘buy now’ button and fill in the required details.
Tap on 'next' and select a plan as per your requirements.
Select the cover option you want and make your payment. Once the payment is made, you will get a payment confirmation at your registered email address.
If you have any more queries regarding SBI Child Plans ,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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