SBI Smart Champ
- One-time payment option is available
- Offers Guaranteed Smart Benefits
- Get Tax Benefits on premiums Renewal Option
SBI Life Smart Champ Insurance plan is a participating non-linked individual life insurance plan. The product has been developed to provide life coverage along with savings to secure the educational needs of your child. SBI Smart Champ is designed to fulfill your goals as a parent. SBI Smart Champ helps you to save money for your child's education and secure the future of your child against the uncertainties of life. SBI Smart Champ Insurance plan is a participating plan, it participates in profits and accumulates bonuses after every policy year ends until the child turns 18 years of age.
SBI Smart Champ Plan offers you a range of benefits including:
Minimum Age - 0 years Maximum Age - 13 years
Maximum Maturity Age - 70 years
21 minus child
18 minus child& 039;s entry age
Annual, half-yearly, quarterly & monthly
Rs. 1 Lakh to Rs 1 Crore
Let's understand how the SBI Smart Champ Plan works with a simple premium illustration.
Mr. Verma is looking for a plan that helps him collect a lump sum amount to secure his child's financial future.
His financial advisor advised him to buy the SBI Smart Champ Plan. He visited PolicyX.com
Let's understand how the SBI Smart Champ Plan works for him with a premium illustration table.
| Age of policyholder | Child's Age | Annual Premium | Policy tenure | Sum Assured |
| 35 years | 6 years | Rs 41,410 | 15 years | Rs 5,00,000 |
Key Takeaways: At the end of the policy tenure the maturity benefits are paid to the policyholder.
Here are some features of SBI Smart Champ:
Give your children more than your love... Give them a lifetime of Financial Security. SBI Life Smart Scholar is an Individual, Unit Linked, Non-partic...
Unique Features
SBI Life Smart Champ Insurance plan is a participating non-linked individual life insurance plan. The product has been developed to provide life cover...
Unique Features
Here is the list of documents required to buy the SBI Smart Champ Plan:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
You can buy the SBI Smart Champ official website or one of their nearest branch offices.
Visit the official website of PolicyX.com.
Hover on the ‘Life Insurance’ tab.
Choose the child plan you want to buy.
Fill out the form at the top of the page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Visit the official website of SBI Life Insurance.
Hover over the 'Products' from the top of the menu.
Click on the 'Child Plans' and choose the Smart Champ Plan.
Click on ‘Buy Now’ and you will be redirected to a new page.
Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
Once discussed you can make the premium payment and get the policy documents.
You can buy the SBI Smart Champ Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
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Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.
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