SBI Life Smart Shield Plan- Best Features and Benefits Updated on December 11, 2020 , 7 views. It was the 2016 winner of ‘Life Insurance Company of the Year’ at last year’s Indian Insurance Award. The SBI Smart Shield plan provides the following benefits. Next comes their college admission, higher studies, and marriage. Smart bonus plan- As its name suggests, this plan ensures bonus payment in four equal annual instalments from the child’s 18 years of age to 21 years of age which are called smart benefits, Maturity Benefit is 25% of basic sum assured + 25% of Vested simple revisionary bonus + terminal bonus, In the case of a single premium plan – 1.10 or 1.25 of premium, In case of annual premium plan – 5 or 7 or 10 times of premium, All future premiums are waived off and the policy continues to accumulate bonuses, Withdrawal Option – An added advantage of this policy is that the discounted value of Smart benefit installments due can be withdrawn in the last 3 years of the term, Loan facility- There is a facility under such plans to take loans up to a maximum of 90% of the surrender value, Easy Premium payment terms – You can opt to pay the premium in 5 years, For life assured – minimum 21 years and maximum of 50 years, For a child – minimum 0 years and maximum of 13 years, For life assured – minimum of 42 years and maximum of 70 years. Discontinuance of premium for SBI Life- Smart Privilege: If policy premium is discontinued within the 5 years lock-in period of the policy- fund value is transferred to discontinued policy fund fewer discontinuation charges. These reasons could range from budgetary constraints, easy-to-understand terms, and possibility of conversion to a longer plan at a later time or if your coverage needs do not exceed a 5-year period of coverage. SBI Life Flexi Smart Plus is a participating variable endowment plan, which gives the benefit of a linked plan with guaranteed returns. As per the UNESCO report, the number of Indian students enrolling themselves into degree programs abroad has doubled from 134,880 students in 2004 to 278,383 in 2017. The investment is low and the returns are high. The premium payment tenure is a mere 7 years. The premium paid till Rs 1,50,000 per annum can get you a deduction under Section 80C provided the premium paid is more than 10% of sum assured. This is because a transparent and well-equipped insurance plan … The type of policy you choose inevitably depends on many factors like your income, number of dependant family members, family expenses, assets, liabilities and much more. There are eight different types of term insurance plans offered by SBI Life Insurance - SBI Life – eShield, SBI Life – Poorna Suraksha Plan, SBI Life - Sampoorn Cancer Suraksha , SBI Life – Smart Shield, SBI Life – Saral Shield, SBI Life – Smart Swadhan Plus, SBI Life - Saral Swadhan+ and SBI Life … Easy conversion into a long-term plan at a later stage. Protection Plans provide full financial protection and stability for your family in case of unforeseen events taking place. India is the largest in the child population in the world. The minimum sum assured for a Smart Champ plan under SBI Insurance 5 years plan for child is Rs.100,000. SBI Life Insurance offers the following 5 year savings plans: GST of 18% is applicable on life insurance effective from the 1st of July, 2017. Leaving so soon? Did you ever think of a situation where your 18year old daughter wants to go abroad for higher studies but you had to convince her to cancel it because you do not have enough savings? SBI Life Smart Health Insurance Plan is a Fixed Benefit Comprehensive Health Plan. SBI Life Insurance Policy for 10 Years - Features & Benefits The objective of the Smart Scholar insurance plan is to offer myriad coverages to secure the future of the insured child even in the absence of its … REGISTERED & CORPORATE OFFICE: SBI Life Insurance Co. Ltd, Natraj, M.V. A traditional insurance plus savings plan which rewards its policyholders with a number of add-ons. Investment Plans This Insurance Company has not partnered with BankBazaar.com. This is a good choice is you are looking for SBI Insurance 5 years plan for child. One of the unique traditional SBI Life Insurance Term Plan which gives wide-ranging guard in case of unfortunate death and critical diseases. All future premiums are waived off and policy continues. This is a unit linked non-participating insurance plan that provides you insurance protection as well as fulfill your investment needs. Insurance is the subject matter for solicitation. The best child policy plan i bought from sbi life insurance and the policy plan is awesome. These plans are low cost insurance plans and are suitable for those who are looking for the best benefits at an affordable price. SBI Life Saral Shield is a pure term insurance plan … This number appears incorrect / invalid. It has won multiple awards at the ‘Fintelekt Insurance Awards of 2017’ in various categories. REGISTERED & CORPORATE OFFICE: SBI Life Insurance Co. Ltd, Natraj, M.V. A perfect solution to your problem is SBI life insurance 5 years plan for child. Awarded as ‘Life Insurance Company of the Year’ in 2016. SBI Life, a leading life insurance company in India, offers a range of life insurance plans and policies to help you protect you and your family. SBI Life Shubh Nivesh plan: 18-60 years: 5-30 years: 65 years: Rs. SBI Life – eShield plan is an individual, non-participating, non … Trade logo displayed above belongs to State Bank of India and is used by SBI Life under license. As per Census 2011, India, with a population of 121.1 Cr, has16.45 Cr children in the age group 0-6 years and 37.24 Cr in the age group 0-14 years which constitute 13.59% and 30.76% of the total population respectively. The maturity benefit is tax-free under Section 10(10D) provided the sum assured is at least 10 times the sum assured. SBI life insurance 5 years plan for child allows you to pay your premiums during the first five years of the plan while the policy term continues for the number of years you have taken it. 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