SBI Life Insurance Expands Product Line with Two New Child Insurance Plans

SBI Life Insurance, one of India’s leading private life insurers, has launched two new child insurance products—‘SBI Life – Smart Future Star’ and ‘SBI Life – Smart Platina Young Achiever’—to help parents secure their child’s financial future. With the rising cost of education, evolving career aspirations, and increasing lifestyle expenses, these products aim to provide assured financial safeguards, ensuring children can pursue their dreams without financial constraints.

Key Highlights of SBI Life’s New Child Insurance Plans

1. SBI Life – Smart Future Star

• Type: Individual, Non-Linked, Participating Life Insurance Savings Product.
• Long-Term Financial Growth: Benefits from bonuses, helping parents build a strong financial corpus.
• Waiver of Premium Benefit: Ensures financial security in case of the proposer’s death or Accidental Total Permanent Disability (ATPD).
• Flexible Maturity Payout Options: Designed to meet evolving financial needs.

2. SBI Life – Smart Platina Young Achiever

• Type: Individual, Non-Linked, Non-Participating Life Insurance Savings Product.
• Guaranteed Maturity Benefit: Provides financial security for child’s education, career, or marriage.
• Waiver of Premium Benefit: Ensures financial support in case of proposer’s death or ATPD.
• Flexible Maturity Payouts: Offers customizable options to meet changing financial needs.
• Risk-Free Savings Approach: Ideal for parents seeking guaranteed returns.

SBI Life’s Vision and Commitment

• Aims to empower parents with financial tools for their children’s secure future.
  Combines protection with financial growth, enabling children to achieve their aspirations.
  Strengthens customer trust through innovative, need-based financial products.

How to Avail These Plans?

• Customers can visit their nearest SBI Life branch for more details.

About SBI Life Insurance

• Established in October 2000, registered with IRDAI in March 2001.
• Offers a wide range of insurance products, including Protection, Pension, Savings, and Health plans.

Extensive network

• 1,086 offices,
• 25,949 employees,
• 241,251 agents,
• 77 corporate agents,
• 14 bancassurance partners with 41,000+ partner branches.
• Strong focus on customer service, digital innovations, and social responsibility.
• Listed on BSE and NSE, with an AUM of ₹4,416.8 billion.

Summary/Static	Details
Why in the news?	SBI Life Insurance Expands Product Line with Two New Child Insurance Plans
New Products Launched	‘SBI Life – Smart Future Star’ & ‘SBI Life – Smart Platina Young Achiever’
Objective	Financial security for children’s education, career, and aspirations
Smart Future Star	Participating Life Insurance Savings Product with bonuses and waiver of premium
Smart Platina Young Achiever	Non-Participating Life Insurance with guaranteed maturity benefits
Key Benefits	Waiver of premium, flexible maturity payout, risk-free savings (for Platina Young Achiever)
SBI Life’s Commitment	Ensuring financial security, promoting financial independence, and supporting children’s aspirations
How to Apply?	Visit SBI Life branches or apply online through official links
Company Details	Established in 2000, registered with IRDAI in 2001, listed on BSE & NSE
Social Responsibility	CSR in child education, healthcare, disaster relief, and environmental sustainability