SBI Smart Scholar
- Explore SBI Life Smart Scholar
- Know its Features & Benefits
- Check the Eligibility Criteria
Give your children more than your love... Give them a lifetime of Financial Security.
SBI Life Smart Scholar is an Individual, Unit Linked, Non-participating Life Insurance Policy that offers myriad coverages to secure the future of the insured children even in the absence of their parents. The plan lets you avail of twin benefits of market-linked returns on the invested money and a life cover to secure your child's future.
SBI Smart Scholar Plan offers you a range of benefits including:
Minimum Age - 0 years Maximum Age - 17 years
Maximum Maturity Age - 65 years
8 to 25 years
Single Pay or 5 to 25 Years
Annual, half-yearly, quarterly & monthly
Single-Premium: 1.25x premium; Limited Premium: 10x Annualized Premium
Let's understand how the SBI Smart Scholar 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 Scholar Plan. He visited PolicyX.com
Let's understand how the SBI Smart Scholar Plan works for him with a premium illustration table.
| Age of policyholder | Child's Age | Annual Premium | Policy tenure | Sum Assured | Maturity Benefits |
| 35 years | 5 years | Rs 1,00,000 | 20 years | Rs 10,00,000 | Rs 23,43,641 |
Key Takeaways: At the end of the policy tenure the maturity benefits are paid to the policyholder.
Here are some features of SBI Smart Scholar:
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Here is the list of documents required to buy the SBI Smart Scholar Plan:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
You can buy the SBI Smart Scholar 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 Scholar 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 Scholar Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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