SBI Life Insurance, one of India’s leading private life insurers, has launched two new child insurance products—‘SBI Life – Smart Future Star’ and ‘SBI Life – Smart Platina Young Achiever’—to help parents secure their child’s financial future. With the rising cost of education, evolving career aspirations, and increasing lifestyle expenses, these products aim to provide assured financial safeguards, ensuring children can pursue their dreams without financial constraints.
Key Highlights of SBI Life’s New Child Insurance Plans
1. SBI Life – Smart Future Star
- Type: Individual, Non-Linked, Participating Life Insurance Savings Product.
- Long-Term Financial Growth: Benefits from bonuses, helping parents build a strong financial corpus.
- Waiver of Premium Benefit: Ensures financial security in case of the proposer’s death or Accidental Total Permanent Disability (ATPD).
- Flexible Maturity Payout Options: Designed to meet evolving financial needs.
2. SBI Life – Smart Platina Young Achiever
- Type: Individual, Non-Linked, Non-Participating Life Insurance Savings Product.
- Guaranteed Maturity Benefit: Provides financial security for child’s education, career, or marriage.
- Waiver of Premium Benefit: Ensures financial support in case of proposer’s death or ATPD.
- Flexible Maturity Payouts: Offers customizable options to meet changing financial needs.
- Risk-Free Savings Approach: Ideal for parents seeking guaranteed returns.
SBI Life’s Vision and Commitment
- Aims to empower parents with financial tools for their children’s secure future.
- Combines protection with financial growth, enabling children to achieve their aspirations.
- Strengthens customer trust through innovative, need-based financial products.
