| 17th November 2015 08:57 AM | |
| Saksham | Re: SBI Insurance Plans For Children As you asking for the details of the child insurance plan of the SBI . the details of the SBI Insurance plan for Childs are given below : this insurance plan of SBI basically known as Smart Champ Insurance, is designed to protect your child’s future educational needs. SBI Life - Smart Champ Insurance is designed to meet your objectives and concerns as a parent - saving for your child’s education and securing their bright future against the uncertainties of life. Key features : Education Needs: Smart Benefits are payable in four equal annual instalments after the child attains 18 years of age till he/she turns 21 years of age,. Each instalment of Smart Benefits will consist of 25% of the basic sum assured and 25% of the vested simple reversionary bonuses. Terminal bonus, if any, will be paid along with the last instalment of Smart Benefits. This ensures your child’s higher educational needs are met. • Triple protection for your child, in case of an unfortunate insured event any time during the term of the policy which is in-force: Immediate Payment: Sum assured on insured event is payable as a lump sum on the occurrence of the insured event. Waiver of Due Premium: To ensure that your family is not financially burdened in your absence, all the future premium installment(s), if any, will not be required to be paid under the policy. The policy continues to accrue bonuses, if applicable. Smart Benefit: Due installment(s) of Smart Benefits are payable. Terminal bonus, if any, will be paid along with the last installment of Smart Benefits Deatails : At Entry Life Assured Min: 21 years Max: 50 years Child Min: 0 years Max: 13 years Maximum Age at Maturity Life Assured 70 years Child 21 years Basic Sum Assured Min: Rs.1,00,000 (× 1,000/-) Max^: Rs. 1 Crore Policy Term 21 minus Child’s Age at entry Premium Payment Term for LPPT Policy 18 minus Child’s Age at entry Premium Frequency Single Premium / Yearly / Half-yearly / Quarterly / Monthly# Premium Frequency Loading Half-Yearly: 52.0% of annual premium Quarterly: 26.5% of annual premium Monthly: 8.9% of annual premium Minimum / Maximum Premium Premium Payment Mode Minimum Premium (Rs.) Monthly 500 Quarterly 1,500 Half-Yearly 3,000 Annual 6,000 Single 66,000 Maximum Premium : Based on the basic sum assured |
| 16th November 2015 06:29 PM | |
| Unregistered | SBI Insurance Plans For Children Hii sir, I wanted to know about the SBI insurance plans for children’s please provide me the details of their Child insurance plan ? |
