Life Insurance – A Better Future for Your Children - By: terry jonnathan

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 child’s 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 children’s 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 child’s 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!

About the Author

Author is a contributor writer and industry analyst of Business, Insurance & Banking domain with years of experience. His writing and analysis offer right kind of solutions to find relevant information about the product. Life Insurance Plans Unit Linked Insurance Plan

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