IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Give wings to your child's dream.
Periodic loyalty additions
Premium waiver benefit
An Individual, Unit Linked,Non-participating Life Insurance Product
"The Unit Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of fifth year."
Children grow fast but their needs grow faster. Have you planned enough for their future?
Avail twin benefits of market-linked returns on your invested money and the security of life cover for your children with SBI Life - Smart Scholar.
This plan offers –
Security – for your child to achieve their dreams
Reliability – of premiums being waved in case of eventuality
Flexibility – to switch between funds to match the changing needs of your child
Liquidity – partial withdrawals from 6th policy year
Try our benefit illustrator below, and let us help plan your child's future.
Live the moment, watch them grow with confidence!
Child Insurance Plans
SBI Life –Smart Scholar
A non-participating Unit Linked Insurance Plan
Akshay, has ensured his 4-year old daughter, Myra, will never have to compromise on her dreams for want of funds, through this child plan.
Change the form fields below to see how you can secure your child's future with SBI Life – Smart Scholar.
Let's finalize the policy duration you are comfortable with...
Regular loyalty additions for in-force policies on completion of specific durations, depending upon policy term
Choice of nine fund options
Avail partial withdrawals from 6th policy year
Secure your child's future with a flexible and all-encompassing financial solution
Protect your child's dream with the inbuilt premium waiver option in case of any eventuality
Boost your funds through regular loyalty additions
Invest in funds of your choice
Make partial withdrawals when needed to meet unexpected expenses
Avail tax benefits*
On completion of Policy Term, Fund Value will be paid as lumpsum.
In the event of unfortunate death of life assured, a lump sum benefit equal to higher of the basic sum assured or 105% of the total premiums received upto the date of death will be payable.
The company continues to pay your future premium(s) on your behalf (inbuilt Premium Payor Waiver Benefit) and the accumulated fund value will be paid at maturity
In case of your unfortunate accidental death or accidental total and permanent disability we pay:
Additional benefit equal to Accident benefit Sum Assured
The Accident Benefit and Premium Payor Waiver Benefit are not available in the Single Premium policies.
You may be eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.
For more details on risk factors, terms and conditions of SBI Life – Smart Scholar, read the following documents carefully.
*All the references to age are age as on last birthday.
**Where Annualized Premium means the premium amount payable in a year excluding the applicable taxes.
51.ver.01-11-19 WEB ENG
**Assumed rates of returns @4% and @8% p. a., are only illustrative scenarios at these rates after considering all applicable charges. These are not guaranteed and they are not higher or lower limits of returns. Unit Linked Life Insurance products are subject to market risks. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans and their future prospects or returns.
Unit Linked Life Insurance products are different from the traditional products and are subject to market risks. The premium paid in Unit Linked policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the policyholder/insured is responsible for his/her decisions.
SBI Life Insurance Co. Ltd. is only the name of the insurance company and SBI Life – Smart Scholar is only the name of the unit linked Life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risk and applicable charges from your Insurance Advisor or the intermediary or the policy document from the insurer.
The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects or returns. Past performance of the Fund Options is not indicative of future performance. All benefits payable under this policy are subject to tax laws and other fiscal enactments in-effect from time to time, please consult your tax advisor for details.
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.