What is SBI Smart Scholar plan?

What is SBI Smart Scholar plan?

SBI Life Smart Scholar is a non-participating ULIP Child Plan which is designed for the benefit of the child where the child’s future is secured even in the absence of the parent. Best Investment Plans. Guaranteed Tax Savings. Under sec 80C & 10(10D)

Is SBI Smart Scholar a good policy?

In the event of the death of the life assured, a lump sum benefit equal to higher of sum assured or 105% of the premiums paid till death….Key Features of SBI Life – Smart Scholar.

Type of Fund Risk Profile
Growth Fund Medium to high
Balanced Fund Medium
Bond Fund Low to medium
Money Market Fund Low

How is SBI Smart Scholar calculated?

The benefit amount is equal to 105% of the total premiums paid or the basic sum assured, whichever is higher at the time of the lump sum payout. In-built Benefits – The Smart Scholar child plan comes with an in-built accident benefit and premium payor waiver benefit on choosing limited premium paying terms.

Is SBI Life a good investment?

The investment is low but the paybacks are high. Coverage is good and claims can be cleared easily by taking executives and staff members services. Good to got the very fine child insurance policy from sbi life insurance. Policy coverage is maximum and premium is very less.

How can I surrender SBI Smart Scholar policy?

Your request for cancellation of the policy under the free look option must reach your nearest SBI Life Office within a period of 15 days or 30 days, as the case may be, as mentioned above.

Which is the best child education plan?

Best Child Plans in India

Plans Entry Age Minimum Annual Premium
IndiaFirst Happy India Plan 18-50 years Rs 12,000/-
Kotak HeadStart Child Assure 18-60 years Regular pay – Rs 20, 0005 Pay – Rs.50, 00010 Pay – Rs.20, 000
Max Life Shiksha Plus Super 21-50 years Rs 25000/-
PNB MetLife College Plan 20-45 years Rs 18,000/-

Is SBI Life better than LIC?

LIC has lost its cost advantage, SBI Life is best among private insurers: CLSA report on insurance firms. The brokerage firm compared the benchmark cost ratios of Life Insurance Corporation of India and four other top private life insurers — SBI Life, Max Life, HDFC Life, and IPRU Life.

Which policy is best in SBI Life?

SBI Life Insurance Plans in India

SBI Insurance Plans Plan Type Policy Term
SBI Life – Smart Humsafar Traditional Joint Life Insurance Plan 10 – 30 years
SBI Life – CSC Saral Sanchay Traditional Non-Participating Endowment Plan 10 / 15 years
SBI Life – Smart Power Non-Participating Unit Linked Insurance Plan 10/ 15 – 30 years

Can I cancel SBI life insurance policy?

As per the Insurance Regulatory and Development Authority, you can cancel a life insurance policy taken within 15 days. Given the same, you can cancel your SBI Life Insurance policy as well by filling in the FLC request letter form.

How can I stop my SBI accidental insurance?

How do I cancel my SBI General Insurance Policy? Customer can also contact at the nearest Sbi general insurance branch. A deduction of such proportionate risk premium commensuration with the risk covered during such period, where only a part of risk has commenced.

What is the best investment for girl child?

List of 10 Best Investment Plans for a Girl Child in India 2022

  • Sukanya Samriddhi Yojana (SSY)
  • Children Gift Mutual Fund.
  • National Savings Certificate (NSC)
  • Post-Office Term Deposit (POTD)
  • Unit Linked Insurance Plan (ULIP)
  • Systematic Investment Plan (SIP)
  • Post-Office Recurring Deposit.
  • Public Provident Fund (PPF)

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