SBI Life Smart Scholar Plus is a market-linked child education insurance plan designed to help parents build a strong financial foundation for their child’s higher education and future goals. It combines investment growth potential with life insurance protection.
This plan is ideal for parents who want to invest systematically over the long term and are comfortable with market-linked returns to meet rising education costs in India or abroad.
Education expenses increase every year. Smart Scholar Plus allows your investment to grow with the market while providing financial protection through life cover and premium waiver benefits, ensuring your child’s education continues even in your absence.
- Market-linked investment through ULIP structure
- Life insurance cover for the parent
- Premium waiver benefit on death of parent
- Multiple fund options with free fund switching
- Tax benefits as per prevailing income tax laws
Premiums are invested in chosen ULIP funds such as equity, debt, or balanced funds. The fund value grows based on market performance. In case of the parent’s death, future premiums are waived and the investment continues for the child.
Child Age: 6 years
Parent Age: 35 years
Premium Payment Term: 15 Years
Annual Premium: ₹75,000
Maturity Value: Market-linked (not guaranteed)
The accumulated fund value can be used for higher education, professional courses, or overseas studies depending on the child’s aspirations.
Smart Scholar Plus is best suited for parents who are comfortable with market fluctuations and aim for higher long-term growth.
- Parents planning higher education funding
- Families seeking long-term market-linked growth
- Parents wanting premium waiver protection
- Long-term investors with child-focused goals
SBI Life Smart Scholar Plus is a powerful child education planning solution that blends investment growth with insurance protection. It helps parents prepare for their child’s future while safeguarding their dreams against life’s uncertainties.
