Launches ‘SBI Life – Smart Platina Young Achiever’ and ‘SBI Life – Smart Future Star’, specifically curated to secure child’s future aspirations by providing assured financial safeguards
Bhubaneswar: SBI Life Insurance, one of India’s most trusted private life insurers, launched two new child products, ‘SBI Life – Smart Future Star’ and ‘SBI Life – Smart Platina Young Achiever’, specifically curated to empower parents in securing child’s future aspiration with assured financial safeguards. The increasing cost of education coupled with evolving career aspiration and rising lifestyle expenses can understandably be unsettling for parents today. Addressing parent’s innate need to ensure a fulfilling life for their children regardless of socio-economic challenges, SBI Life’s child products offers parents the necessary tool to build a comprehensive financial safeguard for their child.
Speaking on the launch, Mr. M Anand, President and Chief Distribution Officer, SBI Life Insurance, said, “Every parent, regardless of the socio-economic standing aspires to provide their child with the best opportunities in life, but financial constraints can sometimes pose challenges. At SBI Life, we understand these concerns and are committed to empowering parents, our robust child insurance solutions ‘SBI Life – Smart Future Star’ and ‘SBI Life – Smart Platina Young Achiever’ are designed to offer both security and financial growth, ensuring that children can confidently pursue their dreams without compromise.
He further added, “As an organization committed to securing lives, we create solutions that not only resonate with the aspirations of families, but also blend protection with the opportunity to build a financial corpus. These new offerings are a step towards financially liberating coming generations, allowing them to chase their dreams and achieve success at every stage of life.”
Key features of SBI Life’s new child products:
SBI Life – Smart Future Star
- An Individual, Non-Linked, Participating, Life Insurance Savings Product
- Long-term corpus growth through bonuses
- Life cover for the child and In-built Waiver of Premium benefit on death or Accidental Total Permanent Disability of the proposer, ensuring financial security
- Flexible maturity pay-out options to meet changing financial needs
SBI Life – Smart Platina Young Achiever
- An Individual, Non-Linked, Non-Participating, Life Insurance Savings Product
- Guaranteed maturity benefit, offering financial security for child’s education, career aspirations or marriage
- Flexible maturity pay-out options to meet changing financial needs
- Life cover for the child and In-built Waiver of Premium benefit on death or Accidental Total Permanent Disability of the proposer, ensuring financial security
- Risk-free savings approach, catering to parents who prefer guaranteed returns
Both products reflect SBI Life’s commitment to providing innovative financial solutions that align with the evolving needs of customers. These products not only ensure financial preparedness but also offer greater financial independence to children to fulfil their changing aspirations.
