SBI Life Smart Champ Insurance is a participating traditional child plan which designed specifically to provide for the child’s future needs even if the parent is not around.
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
Policyholder – 21 years Child - 0 years |
Policyholder – 50 years Child – 13 years |
Maturity Age (Last Birthday) |
- |
Policyholder – 70 years Child – 21 years |
Policy Term (PT) in years |
21-child’s entry age |
|
Premium Paying Term (PPT) in years |
Single Pay or 18-child’s entry age |
|
Premium Paying Frequency |
Annual, half-yearly, quarterly, monthly or Single Pay |
|
Yearly Premium |
Single – 66,000 Annual - 6000 |
Based on maximum SA |
Sum Assured |
1,00,000 |
1 crore |
Annual premium in Rupees for a policy tern of 15 years
Age of the policyholder |
30 years |
Age of the child |
6 years |
PPT |
12 years |
Sum Assured |
250,000 |
Premium |
21,013 |
SBI Life policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
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