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Insurance and
Investment Plans - Scholar II Plan |
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SBI Scholar II Plan - A plan that can
be taken as Child education / marriage with life insurance of parent. Highly Recommended
for every parent. |
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Introduction: |
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As a caring parent you would always want
your child to get the very best. Is there a way to protect your
children against life’s risks? Is there a way to make tomorrow safe
for them? Therefore this is the time when careful financial planning
can help you fulfill the aspirations that you have for your
children’s. |
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We at SBI Life can help you ensure that
your children’s future is secure and prosperous. |
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SBI Life - Scholar II is
designed to protect your child’s future educational needs. |
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Key Features: |
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Twin benefit of saving for your child's
education and securing a bright future despite the uncertainties of
life. |
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Full risk cover throughout the policy term
irrespective of payment of survival benefits installments. |
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Option to receive the installments in lump
sum at the due date of first installment of Survival benefit. |
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Attractive rider options |
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Attractive rebate for Female lives and
High Sum Assured. |
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Get the benefit of Sec80C of IT act on
premium and save your income tax. |
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Product type: |
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It is a traditional participating plan. |
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Guaranteed payment
at regular intervals |
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Age |
Guaranteed Benefit Payment |
| 18 years |
25 % of Sum Assured |
| 19 years |
25 % of Sum Assured |
| 20 years |
25 % of Sum Assured |
| 21 years |
25 % of Sum Assured +
Vested Bonus * |
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Receiving the Survival Benefits in a
single installment along with the Vested Bonus* (Policy terminates
thereafter) |
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* Vested bonus is the total amount of
bonus accrued till date, under the policy. |
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Death Benefit |
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:In the event of unfortunate incident of
your early death during the term of the plan, your child’s future
remains secured in 3 ways: |
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Child future educational needs:
25% of Sum Assured is payable in 4 equal installments when
the child attains the age 18 years to 21 years. This ensures the
child's higher educational needs are met. |
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Immediate Payment: The
nominee receives the Sum Assured along with the bonus declared until
that date. |
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All future basic premiums need not
be paid: Ensuring that your family is not financially
burdened in your absence. |
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Who can buy this
product? |
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Anyone between 18 to 60 years of age(as on
last birthday) with a child between 0 to 15 years.. |
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What is the policy
term? |
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The premium payment term depends on the
age of the child and ends when the child attains the age 18 years. You
are covered till the child attains the age 21 years. |
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Tax Benefits |
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Tax benefit u/s 80 C and 10 (10 D) of IT
Act* |
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What is the sum
assured? |
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Minimum |
Maximum |
| Rs. 50,000 |
Rs. 1 Crore |
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Last but not the least, you will get the
seal of trust and loyalty from the most reputed name - State Bank of
India. |
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Download
Brochure |
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Download
Proposal Form |
