SBI Life - Smart Scholar

SBI LIFE - SMART SCHOLAR

"Give wings to your child's dream."
1. Market-linked returns
2. Periodic loyalty additions
3. 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 -
1. Security - for your child to achieve their dreams
2. Reliability - of premiums being waved in case of eventuality
3. Flexibility - to switch between funds to match the changing needs of your child
4. 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
1. Child Insurance Plans
2. ULIP
3. SBI Life -Smart Scholar
4. Protection
5. Security

Features & Advantages

Features
1. Lump sum amount at maturity
2. Premium waiver in case of eventuality
3. Regular loyalty additions for in-force policies on completion of specific durations, depending upon policy term
4. Choice of nine fund options
5. Avail partial withdrawals from 6th policy year

Advantages
Security
1. Secure your child's future with a flexible and all-encompassing financial solution

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

Flexibility
1. Invest in funds of your choice

Liquidity
1. Make partial withdrawals when needed to meet unexpected expenses

Avail tax benefits*

Plan Benefits

Maturity Benefit:

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

Death Benefit:
1. 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 up to the date of death will be payable.
2. The company continues to pay your future premium(s) on your behalf (inbuilt Premium Pay or Waiver Benefit) and the accumulated fund value will be paid at maturity
3. In case of your unfortunate accidental death or accidental total and permanent disability we pay:
A. Additional benefit equal to Accident benefit Sum Assured
4. The Accident Benefit and Premium Pay or Waiver Benefit are not available in the Single Premium policies.

Tax Benefits*:
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.

Who can buy





**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.

*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.