SBI Life Insurance Launches Child Insurance Plans
Mumbai, India – March 7, 2025 – SBI Life Insurance has launched two new child insurance plans, ‘SBI Life – Smart Future Star’ and ‘SBI Life – Smart Platina Young Achiever’. These plans are tailored to help parents secure their children’s financial future.
With the rising cost of education and evolving career ambitions, ensuring a child’s financial well-being is a significant concern for parents. SBI Life’s new plans aim to provide parents with the tools to build a comprehensive financial safety net for their children.
The launch of these products comes from SBI Life’s understanding that both security and financial growth are essential for a child’s future.
Speaking on the launch, M Anand, President and Chief Distribution Officer, SBI Life Insurance, said, “Every parent, regardless of the socio-economic standing aspires to provide their child with the best opportunities in life, but financial constraints can sometimes pose challenges. At SBI Life, we understand these concerns and are committed to empowering parents, our robust child insurance solutions ‘SBI Life – Smart Future Star’ and ‘SBI Life – Smart Platina Young Achiever’ are designed to offer both security and financial growth, ensuring that children can confidently pursue their dreams without compromise.”
He added, “As an organization committed to securing lives, we create solutions that not only resonate with the aspirations of families, but also blend protection with the opportunity to build a financial corpus. These new offerings are a step towards financially liberating coming generations, allowing them to chase their dreams and achieve success at every stage of life.”
Key Features of the New Child Products:
SBI Life – Smart Future Star
- An Individual, Non-Linked, Participating, Life Insurance Savings Product
- Long-term corpus growth through bonuses
- In-built Waiver of Premium benefit on death or Accidental Total Permanent Disability of the proposer, ensuring financial security
- Flexible maturity pay-out options to meet changing financial needs
SBI Life – Smart Platina Young Achiever
- An Individual, Non-Linked, Non-Participating, Life Insurance Savings Product
- Guaranteed maturity benefit, offering financial security for child’s education, career aspirations or marriage
- Flexible maturity pay-out options to meet changing financial needs
- In-built Waiver of Premium benefit on death or Accidental Total Permanent Disability of the proposer, ensuring financial security
- Risk-free savings approach, catering to parents who prefer guaranteed returns
These two new plans showcase SBI Life’s dedication to offering financial solutions that evolve with customer needs. These new plans aim to offer children financial independence so they can go after their ambitions.
For more details, customers are encouraged to visit their nearest SBI Life branch or follow the provided links:
- SBI Life – Smart Future Star: https://epay.sbilife.co.in/en/individual-life-insurance/child-plans/smart-future-star
- SBI Life – Smart Platina Young Achiever: https://epay.sbilife.co.in/en/individual-life-insurance/child-plans/smart-platina-young-achiever
About SBI Life Insurance
SBI Life Insurance, established in October 2000 and registered with the IRDAI in March 2001, is a well-known life insurance company in India. The company provides a variety of products designed for individuals and groups, encompassing protection, pension, savings, and health solutions. Driven by a customer-first approach, SBI Life aims to provide efficient service and customer support. Listing on the BSE and NSE, the company’s authorized capital is Rs 20.0 billion and its paid-up capital is Rs 10.0 billion.
Numbers & data mentioned above are for the period ended December 31, 2024
