The SBI Life -Unit Plus Child Plan is mainly meant keeping in point the future requirements and need of the children between 0 to 15 years. This plan is best to suit the wishes and requirements of the children. The most important duty as well as responsibility of a parent is to protect the future of the child and ever body wants to do so. As the child keeps rising the operating expense for the studies and his or her aim of reaching the goal also increases. Thus this child plan has been introduced so that the child can continue to aim for reaching the goal without disturbing the parents about the finance and the expenses.
The key features of SBI Life-Unit Plus Child Plan are as follows:
- To match the increasing cost of education and studies the policy gives market related income.
- This policy gives triple benefit as well as peace of mind.
- As the child reaches 18 years the loyalty units are given to the child.
- New investment rites or equity optimizer funds along with the obtainable funds are also available under this policy.
- The premiums under this policy are to be paid for a limited period and the benefits can be availed for the entire life time.
- The plan is very flexible and thus helps in adapting the changing requirements of the future.
- Under this insurance policy the investment risk is to be stood by the policy holder.
The benefits of SBI Life-Unit Plus Child Plan are as follows:
As death benefit
- If the parent of the child dies sadly then the company gives the following benefits:
- The sum assured is paid as lump sum.
- The premium is continuous to pay on the behalf of the parent which is the premium payor waiver advantage.
- The available fund is paid at maturity.
As maturity benefit
On the achievement of the policy term the policy holder will get the whole fund value.
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