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Sbi life smart scholar highlights

M
Murali Reddy

SBI Life Smart Scholar is an education plan that provides triple benefits - the sum assured is paid to nominees if the child passes away, remaining premiums are paid by SBI Life, and a maturity benefit is paid to the child at the end. It offers loyalty additions, policy terms between 5-25 years, premium payment terms of 5 years or single premium. Minimum sum assured is 10 times annual premium for normal death and 20 times for accidental death. Partial withdrawals and tax benefits are also provided.

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SBI LIFE SMART SCHOLAR - FOR YOUR CHILD FUTURE HIGHLIGHTS OF THE PLAN - TRIPLE BENEFITS: a) Sum assured will be paid to the nominee in case of risk b) Rest of the premiums will be paid by SBI Life for the child c) Again maturity benefit will be paid to the children at the end - Loyalty additions to boost maturity value - Policy Term: 5 yrs to 25 yrs - Premium Paying Term: 5 years (or) Single Premium (only one time payment) - Minimum Sum Assured (in case of normal death): 10 times of the yearly premium for 5 years premium payment - Maximum Sum Assured (in case of accidental death): 20 times of the yearly premium for 5 years premium payment - Sum Assured For Single Premium: Min - 1.25 times of the premium payment Max : 5 times of the premium payment - Full surrender from 6th year onwards - Partial withdrawal of 15% of the fund value each year from 6th year onwards for your needs - Tax benefits under Sec 80息 and 10(10D) - For single premium you can pay: Minimum is 75,000; Maximum no limit - For 5 yrs premium you can pay: Minimum is 50,000/year; Maximum no limit - Mode of payment available: Yearly/half yearly/quarterly/monthly - Making payment: Either DD or Cheque for first time payment, from second premium onwards you can pay online using credit/debit cards/online banking

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Sbi life smart scholar highlights

  • 1. SBI LIFE SMART SCHOLAR - FOR YOUR CHILD FUTURE HIGHLIGHTS OF THE PLAN - TRIPLE BENEFITS: a) Sum assured will be paid to the nominee in case of risk b) Rest of the premiums will be paid by SBI Life for the child c) Again maturity benefit will be paid to the children at the end - Loyalty additions to boost maturity value - Policy Term: 5 yrs to 25 yrs - Premium Paying Term: 5 years (or) Single Premium (only one time payment) - Minimum Sum Assured (in case of normal death): 10 times of the yearly premium for 5 years premium payment - Maximum Sum Assured (in case of accidental death): 20 times of the yearly premium for 5 years premium payment - Sum Assured For Single Premium: Min - 1.25 times of the premium payment Max : 5 times of the premium payment - Full surrender from 6th year onwards - Partial withdrawal of 15% of the fund value each year from 6th year onwards for your needs - Tax benefits under Sec 80息 and 10(10D) - For single premium you can pay: Minimum is 75,000; Maximum no limit - For 5 yrs premium you can pay: Minimum is 50,000/year; Maximum no limit - Mode of payment available: Yearly/half yearly/quarterly/monthly - Making payment: Either DD or Cheque for first time payment, from second premium onwards you can pay online using credit/debit cards/online banking