subject: Life Insurance A Better Future For Your Children [print this page] Parenting is not limited to earning enough to cover the living expenses of your children. SBI Life Insurance is committed to helping you to shoulder your responsibilities. Whether you want to save for your childs higher education, marriage or any other future requirement, buying life insurance promises a secure future for your children.
SBI Life Insurance offers you two unique investment plans, SBI Life Scholar II, and the newly launched SBI Life Smart Scholar.
SBI Life - Scholar II
SBI Life - Scholar II is a top life insurance plan in the mold of traditional participating plans. It helps you to save for your childrens education with guaranteed benefits which are payable at regular intervals during the term of the policy.
Some features include:
In case of an unfortunate event, nominee receives the full sum assured along with bonus and regular guaranteed survival benefit
Guaranteed payments at regular intervals
Attractive rebate for female lives and high sum assured
Tax benefits according to prevailing tax laws
SBI Life - Smart Scholar
SBI Life Smart Scholar offers you the twin advantages of market-linked returns and insurance benefits. It is a unit linked insurance plan which secures your childs future with the promise higher returns in good markets.
Among its features are:
Benefits of gaining from financial markets
Inbuilt premium payor waiver benefit
Dual protection for your family, in case you are not around
Accident benefit which includes accidental death benefit and accidental total and permanent disability benefit
Investment opportunity through 9 varied fund options including P/E Managed Fund, Index Fund and Top 300 Fund
To make a wise decision, you need to look at the investment plan which best suits your specific needs. For example, consider the age of your child is and the age you want the money to be available to him, how many years you want to pay for, and how much you want to accumulate.
Remember, the earlier you start buying life insurance, the better your returns will be!
by: terry jonnathan
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