Can I withdraw money before the policy matures?

Yes, you can withdraw money before the policy matures. However, withdrawals are only allowed after the completion of the 5-year lock-in period.

How accurate is the amount calculated by the calculator?

The SBI Smart Scholar Calculator provides an approximate estimate of the maturity value and your investment amount based on the cost of the academic goals of your child. Note that the investment amount can fluctuate as per the fund’s performance, while the estimated goal can change as per inflation over the years.

How does the calculator account for inflation?

It projects today's education cost and uses an assumed but probable inflation rate to estimate the cost of your child’s academic goal. The cost shown by the calculator is not today's fee but an estimate of what the goal will cost when the child is eligible for it.

Is the monthly investment calculated by the calculator completely accurate?

The monthly investment calculated by this calculator assumes a fixed rate of return. However, investments and returns can fluctuate as per market performance, and thus the return rate is not fixed. You can use this figure as a planning estimate.

SBI Smart Scholar Returns Calculator

SBI Life Smart Scholar is an insurance scheme specifically designed to address the needs of growing children and secure their future financially. The SBI Smart Scholar Returns Calculator allows parents to calculate the returns and investments that will be needed to achieve the future goals of their child. The calculator accurately calculates the cost of the goal by taking inflation into account. It uses this amount to calculate your monthly investment depending on the time horizon of your investment.

Investing in your child's future:Nothing is more important than securing your child's future

Benefits of investing in child plan

Waiver of Premium benefits

Future Premiums are paid by the insurer upon death of policyholder

Flexible payout options

Your premiums help your child achieve their dreams through lump sum or regular payouts

Wealth Boosters

Get rewarded with Wealth Booster and Loyalty Bonus for staying invested with us

Zero Commission

We charge no commission when you buy from us. Also buy online & get extra

Tax Benefits^

You get tax benefits under Section 80(C) and no tax on returns under Section 10 (10D)

Investment Flexibility

It offers the flexibility to invest at regular intervals or as a one-time contribution

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Invest ₹10k/month your child will get ₹1 Cr^# Tax-Free^*

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How to Use the SBI Smart Scholar Child Plan Calculator?

Step 1: Enter the name and age of your child.
Step 2: Select a career goal for your child.
Step 3: Choose the kind of institute you want your child to study in.
Step 4: You can change the education inflation rate to check the cost of your child’s academic goal at different rates of inflation.
Step 5: The calculator will display the estimated cost of the academic goal along with the monthly investment you will need to reach there.

Why Use the PolicyBazaar SBI Smart Scholar Returns Calculator?

Here’s why you should consider using this online tool:

Free Tool- Once you fill in the required details, this child plan calculator estimates the maturity benefit amount instantly. The tool is completely free of cost.
Personalised Quotes - The Smart Scholar Child Plan Calculator takes into consideration several features such as the kind of institution your child can attend or career goals for the child. Users can change them as per their needs.
Compare Plans - You can also use this online calculator to compare the benefits that come with other plans in your shortlist. This allows you to pick the one that fits your budget.
Saves Time - Anyone with a device and internet connection can use this facility from the comfort of their home.

About SBI Life Smart Scholar Child Plan

SBI Life Smart Scholar is an individual, non-participating, unit-linked life insurance product for parents/ guardians who wish to financially protect the child’s future through investments in market-linked funds.

The combination of market-linked returns and the protection of a life cover make this child plan a popular choice for most parents. In addition, all future premiums are waived off on the death of the life assured (the parent). Please note that ULIPs such as the Smart Scholar child plan require the investor to bear the risk of market-related fluctuation.

Invest More Get More

Invest ₹10K/Month YOU GET ₹1 Crores^* For Your Child View Plans

Invest ₹8K/Month YOU GET ₹80 Lakhs^* For Your Child View Plans

Invest ₹5K/Month YOU GET ₹50 Lakhs^* For Your Child View Plans

Standard T&C Apply *

Conclusion

Child planning should, therefore, be at the core of your financial decision-making process, more importantly, if you have multiple dependents. The SBI Smart Scholar Returns Calculator can help you calculate the maturity value of your investment along with the final cost of the academic goal you are planning to achieve for your child.

FAQs

Can I withdraw money before the policy matures?

Yes, you can withdraw money before the policy matures. However, withdrawals are only allowed after the completion of the 5-year lock-in period.
How accurate is the amount calculated by the calculator?

The SBI Smart Scholar Calculator provides an approximate estimate of the maturity value and your investment amount based on the cost of the academic goals of your child. Note that the investment amount can fluctuate as per the fund’s performance, while the estimated goal can change as per inflation over the years.
How does the calculator account for inflation?

It projects today's education cost and uses an assumed but probable inflation rate to estimate the cost of your child’s academic goal. The cost shown by the calculator is not today's fee but an estimate of what the goal will cost when the child is eligible for it.
Is the monthly investment calculated by the calculator completely accurate?

The monthly investment calculated by this calculator assumes a fixed rate of return. However, investments and returns can fluctuate as per market performance, and thus the return rate is not fixed. You can use this figure as a planning estimate.

Investment

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Secure your Child’s
Career Goal

Start Investing ₹10,000/Month

& Get ₹1 Crore*

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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.