SBI Life- Scholar

SBI Life Scholar II is a traditional participating plan which is made especially for children. This insurance plan provides for your child’s educational requirements. The policy offers a twin benefit of savings and protection which ensures your child’s forthcoming needs. With the help of this plan you as a parent can make sure your child will get all that he deserves for his future.

Benefites :
1. A full risk cover is offered throughout the policy term.
2. You can avail of the riders to enhance your policy.
3. You get higher sum assured and rebates for female lives.
4. You get guaranteed payment at intervals once the child is 18years.
5. You also have death benefit and accidental benefits.
6. Tax benefits are also applicable.

Eligibility :

Parameters	Minimum Age	Maximum Age
Age of the policyholder	18 years	60 Years
Age of Child	0 Years	15 Years
Policy Term	Premium payment term depends on the age of the child and ends when the child attains the age 18 years. Policyholder is covered till the child attains the age 21 years.
Sum Assured	Minimum- Rs. 50,000, Maximum- Rs.1 Crore