SMART FUTURE STAR (CHILD PLAN )

<p>As a parent, your life revolves around your child and their future milestones like education, professional degrees, marriage, entrepreneurial dreams, and so on. To make your child&rsquo;s dreams and aspirations your priority, you need to start planning wisely at the right time, so as to empower them with a corpus when they need it the most. At SBI Life, we understand this, and present to you SBI Life - Smart Future Star, an Individual, Non-Linked, Participating, Life Insurance, Savings Product. This product provides bonuses to boost your savings and lump sum maturity amount to secure your child&rsquo;s financial future. While its in-built Waiver of Premium gives you peace of mind, you also get the flexibility to customize the plan to fit your child&rsquo;s needs and ambitions, so your child can truly be the star of their future.</p> <p>&nbsp;</p> <p><strong><span style="color:#2980b9"><span style="font-size:18px"><span style="font-family:Georgia,serif">Key Features</span></span></span></strong></p> <p>Security: Life cover for the Child and Inbuilt &ldquo;Waiver of Premium&rdquo; benefit on Death or Accidental Total Permanent Disability of the Proposer. Flexibility: Limited Premium Payment Term of 7, 10 &amp; 12 Years and Policy term from 15 to 25 years Savings: Sum Assured on Maturity plus accrued Bonuses, if declared, payable as Lumpsum Benefit. Option to defer Maturity Payout either in Lumpsum or get the same in Instalments. Tax Benefits^: As per the prevailing norms under the Income Tax Act, 1961. ^You may be eligible for Income Tax benefits as per the applicable income tax laws in India, which are subject to change from time to time. Please consult your tax advisor for further details. Please note that life assured is the minor child under this plan and parent or grandparent or legal guardian can be the policyholder / proposer. This shall be as per our board approved underwriting policy. The Waiver of Premium cover will be on the proposer&#39;s life. The policy shall automatically vest to the life assured on the policy anniversary coinciding with or immediately following the completion of 18 years of age and shall on such vesting be deemed to be a contract between the Company and the life assured. Date of commencement of policy and date of commencement of risk shall be same. Premium will remain constant throughout the premium</p>

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