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SBI Life Child Plan Calculator
SBI Life offers various child plans for individuals planning for the future of their child. These plans provide various benefits to the child irrespective of the parents’ presence in the long run. You can use an SBI Life Child Plan Calculator to calculate the future cost of your child’s dream career and educational institution along with the monthly investments needed to achieve that goal.
Investing in your child's future:Nothing is more important than securing your child's future
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Invest ₹10k/month your child will get ₹1 Cr# Tax-Free*
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Child Plans
- SBI Life Child Plan Calculator
Child Plans Offered by SBI Life
The following table lists SBI Life child plans along with their plan type, returns and premium payment frequency
| Child Plan | Plan Type | Returns | Premium payment mode |
| SBI Life - Smart Scholar Plus | Individual, ULIP, non-participating plan. | Market-linked returns | Single payments, yearly, half-yearly, quarterly and monthly. |
| SBI Life- Smart Future Star | Individual, non-linked, participating plan. | Bonus-linked returns | Yearly, half-yearly and monthly. |
| SBI Life- Smart Platina Young Achiever | Individual, non-linked, non-participating plan. | Guaranteed returns | Yearly, half-yearly and monthly |
Using Online SBI Life Child Plan Calculator
To use the SBI Life Child Plan Calculator, follow these steps:
- Step 1: Add the name and the age of your child in the calculator.
- Step 2: Select the goal of your child.
- Step 3: Select the college that you want your child to go to. You can select between a premium college, a private college and studying abroad.
- Step 4: You can change the inflation rate to check the price of your future goal along with the monthly investments needed to achieve that goal.
- Step 5: You can view various plans offered by various financial institutions and compare them to choose the best plan for your child.
Why Should You Use PolicyBazaar’s SBI Life Child Plan Calculator?
SBI Life child plan calculator is a free digital tool to help customers ascertain the premium amounts for purchasing a particular policy. It also gives a clear idea of the maturity value they can expect once the policy ends its term. SBI Life Child Plan calculator saves the time and effort of the customer. Apart from being quick, accessible, and accurate, it is a popular online tool for the various benefits it offers:
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Accurate estimate
The results provided by the calculator estimate the cost of a future goal based on the rate of inflation, as adjusted by the viewer. It does so by calculating the number of years between the goal and the age of your child, along with the price as per the level of goal you wish to invest in. Its estimates, although not guaranteed, can act as an approximate guide to plan your future investments.
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Versatile
The calculator can be used to compare the premium amounts of several policies. This gives customers the chance to compare and choose policies that are most suited to their needs. The customer can then take maximum advantage of the sum he/she is willing to invest in purchasing the policy.
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Time Efficient
Using the calculator saves the time of the customers. They need not visit the SBI Life branch offices or stand in queues and wait to be served. The policy can be purchased online once the premium has been calculated and subsequent premium payments are made.
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Cost-effective
Since using the calculator is free to use. It helps the customer save from the burden of employing an aggregator or middleman to purchase the policy for them. They can directly choose a policy that is tailored to their needs.
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Invest More Get More
Invest ₹10K/Month YOU GET ₹1 Crores* For Your Child
Invest ₹8K/Month YOU GET ₹80 Lakhs* For Your Child
Invest ₹5K/Month YOU GET ₹50 Lakhs* For Your Child
Standard T&C Apply *
Conclusion
Financial Planning is one of the most important decisions in a person's life. Planning for a child’s future becomes even more imperative in a society constantly witnessing rising education prices. Child plans can help you to effectively do so. You can use the SBI Life Child Plan Calculator to estimate the required investment needed to reach your child’s future financial goals.
FAQs
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Does the calculator show the exact premium?
No, the calculator does not display the correct premiums but only an approximate amount. The final premium amount depends on underwriting charges, medical requirements and policy terms. -
Is the maturity value shown by the calculator guaranteed?
No, the calculator only shows an approximate maturity value that the plans can offer as per the details provided by you. The returns depend on the policy terms and conditions along with market conditions for SBI Life - Smart Scholar Plus and Declared bonuses for SBI Life- Smart Future Star. -
What factors influence the results shown by the SBI Life child plan calculator?
The calculator is influenced by the duration of investment, the inflation rate and the goal set by the individual while entering their details in the calculator. -
Can I use the SBI Life Child Plan Calculator to plan my long-term financial goals?
Yes, you can use the calculator to plan your long-term financial goals. The calculator estimates the cost and investment required for your future goals. You can use this information to plan your finances so that you can achieve your goals.
Investment
Secure
Secure your Child’s
Career Goal
Career Goal
Start Investing ₹10,000/Month
& Get ₹1 Crore*
*Standard T & C Apply
Insurers Offering Child Plans
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or
insurance product offered by an insurer.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.