Parent Life Assured
Premium Payer
Premium Payor Waiver
Inbuilt trigger on tragedy
Wealth Accumulation
Market & Bonus Accrual
Child Milestones
Ages 18, 19, 20, 21
Smart Scholar & Smart Champ Dynamics
Child Plans are emotionally driven but mathematically secured. The core feature of these plans is the **Premium Payor Waiver Benefit**. If the parent (Life Assured) passes away or suffers Accidental Total Permanent Disability, SBI Life steps in. The family receives an immediate payout, **all future premiums are waived**, and the policy continues to accrue bonuses so the child's higher education is fully funded exactly when they turn 18.
The "Smart Benefits" 25% Payout Schedule
| Child's Age | Payout Formula | Status |
|---|---|---|
| Age 18 (Admission) | 25% Sum Assured + 25% Vested Bonus | Guaranteed |
| Age 19 (Year 2) | 25% Sum Assured + 25% Vested Bonus | Guaranteed |
| Age 20 (Year 3) | 25% Sum Assured + 25% Vested Bonus | Guaranteed |
| Age 21 (Graduation) | 25% Sum Assured + 25% Vested Bonus + Terminal Bonus | Guaranteed Final |
Real-World Marketing Hooks
SBI Life - Smart Platina Young Achiever
"Secure Today, Achieve Tomorrow. Up to 5 Lakhs Premium No-Tax. Flexible PPT 7/10 years."
Smart Platina Young Achiever
"Starting from ₹ 25,000 premium, Pay for 7 or 10 years, 100% Guaranteed Maturity"
Smart Platina Young Achiever
"Starting from ₹ 25,000 premium, Pay for 7 or 10 years, 100% Guaranteed Maturity"
SBI Life Smart Platina Young Achiever
"PAY 1,00,000 - 25 LAKH"
SBI Life Smart Platina Young Achiever
"PAY 1,00,000 - 25 LAKH"
Smart Platina Young Achiever
"Plan Options & Benefits with Maturity up to 65,99,600"