Smart Scholar Insurance | Child ULIP Insurance Plan
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SBI Life - Smart Scholar

UIN: 111L073V02

Product Code: 51

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Give wings to your child's dream.

  • Market-linked returns
  • Periodic loyalty additions
  • Premium waiver benefit
A non-participating Unit Linked Insurance Plan

"The Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in 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!

Highlights

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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.

Name:

DOB:

Gender:

Male Female

Child's Name:

DOB:

Let's finalize the policy duration you are comfortable with...

Policy Term

8 25

Premium Amount

4,000 500000000

A little information about the premium options...

Premium Payment mode

Paying Term Option

5 25

Sum Assured Multiplier Factor

1.25 5

No. of years elapsed since inception

5 25

How would you like to split your investment?

Equity Fund (%)

0 100

Top 300 Fund (%)

0 100

Equity Optimiser Fund (%)

0 100

Growth Fund (%)

0 100

Bond Fund (%)

0 100

Money Market Fund (%)

0 100

Balanced Fund (%)

0 100

Reset

Sum Assured


Premium frequency

Premium amount
(excluding taxes)


Premium Payment Term


Policy Term


Maturity Benefit

At assumed rate of returns** @ 4%


or
@ 8%

Give a Missed Call

Features

  • Lump sum amount at maturity
  • Premium waiver in case of eventuality
  • Regular loyalty additions for in-force policies on completion of specific durations, depending upon policy term
  • Choice of seven fund options
  • Avail partial withdrawals from 6th policy year

Advantages

Security

  • Secure your child's future with a flexible and all-encompassing financial solution

Reliability

  • Protect your child's dream with the inbuilt premium waiver option in case of any eventuality
  • Boost your funds through regular loyalty additions

Flexibility

  • Invest in a fund of your choice

Liquidity

  • Make partial withdrawals when needed to meet unexpected expenses

Avail tax benefits*

Maturity Benefit:


On completion of Policy Term, Fund Value will be paid.

Death Benefit:

  • In the event of unfortunate death of life assured, a lump sum benefit equal to higher of the Sum Assured or 105% of all premiums paid till 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.

Tax Benefits*:
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.

For more details on risk factors, terms and conditions of SBI Life – Smart Scholar, read the following documents carefully.

Age at Entry * Child: Min: 0 years Max: 17 years
Proposer: Min: 18 years Max: 57 years
Max. Age* at Maturity 65 years
Policy Term
Min: 8 years
Max: 25 years less child’s age at entry
On Maturity, the age of child should be between 18 to 25 years)
Premium Payment
Terms (PPT)
Single Premium (SP)
5 to 25 years (subject to the limits of policy term)
Premium Amounts(x100) Minimum:
PPT Frequency Minimum(Rs)
SP Single 75,000
5 years to 7 years Yearly 50,000
 Half Yearly 25,000
 Quarterly 12,500
Monthly 4,500
8 years or more Yearly 24,000
 Half Yearly 16,000
 Quarterly 10,000
Monthly 4,000
Maximum : No Limit
Sum Assured For Single Premium:
Minimum Maximum
 Across all ages Age<45 years Age=>45 years
1.25 * SP 5 * SP 1.25 * SP
For other PPTs:
Minimum Maximum
Age<45 years Age=>45 years Across all ages
Higher of: 10 * AP or ½ * T * AP 7 * AP 20 * AP 

*All the references to age are age as on last birthday
Where AP is 'Annualised Premium'

51.ver.03-10/17 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 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 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.

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

*Tax Benefits:
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.

Call us toll free at

1800 22 90 90(Available from 9:00 am to 9:00 pm everyday)

E-mail us at

info@sbilife.co.in