SBI Smart Scholar Returns Calculator

How to Use Policybazaar’s SBI Smart Scholar Returns Calculator?

You can use Policybazaar’s SBI Smart Scholar returns calculator to invest in a child plan by following the instructions below:

• Step 1: Locate the Policybazaar’s SBI Smart Scholar Calculator on this page above
• Step 2: Enter the name and age of your child.
• Step 3: Select a career goal for your child from the options below:
• MBA
• Doctor
• Engineering
• Other
• Step 4: The tool will show the likely year your child will start their college and ask you to select the type of college you want your child to study in.
• Step 5: Select the annual inflation rate at which you expect the education costs to grow.
• Step 6: The calculator will display the following results:
• The estimated cost of the academic goal when your child starts their higher education.
• The monthly amount you need to save to fund that goal.

Investment

Secure

Secure your child’s future with or without you

Start Investing

₹10,000/Month

& Get

₹1 Crore^*

VIEW PLANS

*Standard T & C Apply

SBI Smart Scholar Returns Calculator Example Calculations

Here are some example calculations using Policybazaar’s SBI Smart Scholar Child Plan Calculator:

Benefits of Using the SBI Smart Scholar Returns Calculator

Here are some benefits of using the SBI Smart Scholar Returns Calculator:

• Free Tool: The tool is completely free of cost and easy to use.
• Personalised Quotes: You can get personalised results with the SBI Smart Scholar Returns based on your child’s education goals and type of college.
• Compare Plans: You can compare different investment goals for your child by varying the educational inflation rate, course and type of college with the help of the calculator.
• Saves Time: The SBI Smart Scholar Child Plan Calculator gives quick results, which saves you from the hassle of calculating yourself.

Who Can Use the SBI Smart Scholar Returns Calculator?

Here are the people who can use the SBI Smart Scholar Returns Calculator:

• Parents planning for their child’s higher education in India.
• People comparing higher education expenses across different courses.
• Parents planning for their child’s higher education in colleges abroad.

SBI Life Smart Scholar Overview

SBI Life Smart Scholar (now SBI Life Smart Scholar Plus) is an individual, non-participating, unit-linked life insurance product for parents or 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 makes 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 a ULIP such as the Smart Scholar child plan requires the investor to bear the risk of market-related fluctuation. Here are some key features of the plan:

• Parent Entry Age: Minimum 18 years; maximum 50 years.
• Child Entry Age: Minimum 0 years; maximum 17 years.
• Age at Maturity: Minimum 18 and max 25 years for the child; Parent (Life Assured): 65 Years
• Policy Term: 8 years to 25 years.
• Premium Payment Modes: Single Pay, Limited Pay, and Regular Pay