SBI Life - Smart Scholar
SBI Life - Smart Scholar
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”
Give your child the independence to choose their dreams with SBI Life - Smart Scholar that fulfills your child’s dreams proactively by creating a corpus for a secured financial future through market linked returns, against all odds.
Key Benefits:
- Create corpus for your child with market-linked investment through 9 fund options
- Dual benefit of lumpsum payout & premium waiver^ for policy continuance on insured event#
- Boost your funds through loyalty additions*
^Not applicable for Single Premium and Paid-up Policies.
#Unfortunate death of Life Assured during the policy term.
*For in-force policies on completion of specific durations, depending upon policy term.
Try our benefit illustrator below, and let us help plan your child's future.
Live the moment, watch them grow with confidence!
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 nine 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 funds of your choice
Liquidity
- Make partial withdrawals when needed to meet unexpected expenses
Maturity Benefit:
On completion of Policy Term, Fund Value will be paid as lumpsum.
Death Benefit:
- 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.
