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SBI Life Insurance Co. Ltd

Children Plan


SBI Life Insurance is a joint venture between the State Bank of India (SBI) and France's BNP Paribas Assurance. SBI Life Insurance is registered with an authorized capital of Rs. 2000 crore and a paid-up capital of Rs 1000 crore. SBI owns 74% of the total capital, the remaining with BNP Paribas Assurance.

State Bank of India has the largest banking franchise in India, along with its seven associate banks. With over 14,500 branches across the country, SBI Life has forged a unique multi-distribution model that includes bancassurance and agency sales, leveraging on the existing SBI infrastructure.

SBI's entrenchment in the banking sector in India means that SBI Life can also effortlessly cross-sell its products with the bank's products such as home, car, and, personal loans.

 

2 Insurance Plan available
SBI Life - Unit Plus Child Plan
  • Market related returns to take care of the increasing cost of education.
  • Limited Premium paying term.
  • Triple benefits for your family, in your absence.
  • Fund value is paid as Maturity benefits.
  • Cover continuance option.
  • Flexibility to change the coverage amount.
  • Options to choose from five investment funds - Equity optimizer Fund, Equity fund, Bond fund,
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SBI Life - Scholar II
  • A traditional participating plan that secures children’s education and ensures child’s bright future.
  • Option to choose from three riders - Premium Waiver Benefit Rider, Critical Illness Rider and Accidental Death and Accidental Total Permanent Disability Rider.
  • Guaranteed Payments at regular intervals.
Know More »

Company Trust Note

This Know Your Insurance section covers only those products and sectors that are related to personal finance. The content available here has been collated from existing, publicly available information and are only indicative in nature. They are designed to give the user a general idea of insurers and products. The details given here should NOT be taken as the final word. The user must contact the respective insurer to get full details about any policy or product.

Apnainsurance.com is neither an insurance agent nor an insurance broker. Please consult your personal finance advisor, insurance agent, or broker before taking any decision to buy any insurance product.