SBI Life – Smart Platina Young Achiever

Secure Your Child's Dreams with Guaranteed Financial Support

SBI Life – Smart Platina Young Achiever is an Individual, Non-Linked, Non-Participating Life Insurance Savings Plan specially designed to help parents build a guaranteed financial corpus for their child's future. The plan offers guaranteed maturity benefits, in-built Waiver of Premium benefit, flexible payout options, and life insurance protection, ensuring your child's dreams remain financially secure even in your absence.

Key Highlights

• Guaranteed Maturity Benefit
• In-built Waiver of Premium Benefit
• Guaranteed Additions throughout the policy term
• Flexible maturity payout options
• Life insurance protection
• Ideal for child's education, higher studies, marriage, and career planning
• Tax benefits as per prevailing Income Tax laws
• Flexible premium payment options

Why Choose SBI Life – Smart Platina Young Achiever?

Guaranteed Financial Security

Build a guaranteed corpus to support your child's important life milestones with confidence.

In-built Waiver of Premium Benefit

If the proposer (parent/guardian) dies or suffers Accidental Total Permanent Disability during the premium payment term, all future premiums are waived while the policy continues with all benefits intact.

Guaranteed Additions

Guaranteed additions accrue at the end of each policy year from the first policy year until the end of the policy term, helping enhance the maturity benefit.

Flexible Maturity Payout

Receive the maturity benefit:

• As a lump sum, or
• In instalments over up to 7 years, based on your family's financial needs.

Plan Features

• Individual Non-Linked Savings Plan
• Guaranteed Maturity Benefit
• Guaranteed Additions
• In-built Waiver of Premium Benefit
• Flexible payout options
• Life insurance protection
• Tax-saving benefits
• Simple and transparent savings solution

Benefits

Maturity Benefit

On successful completion of the policy term, the guaranteed maturity benefit along with applicable guaranteed additions is payable, helping meet your child's future financial needs.

Life Cover

Provides financial protection during the policy term, ensuring your child's future plans continue even in unforeseen circumstances.

Waiver of Premium Benefit

Future premiums are waived if the proposer dies or suffers Accidental Total Permanent Disability during the premium payment term, while policy benefits continue uninterrupted.

Eligibility

Who Should Buy This Plan?

Perfect for:

• Parents planning for higher education
• Families saving for marriage expenses
• Grandparents creating a financial gift
• Parents seeking guaranteed returns
• Anyone looking for disciplined long-term savings for a child

Benefits at a Glance

Documents Required

• Aadhaar Card
• PAN Card
• Address Proof
• Identity Proof
• Child's Date of Birth Proof
• Income Proof (if applicable)
• Passport-size Photograph
• Medical documents (if required)

Why Buy Through Us?

• Personalized child education planning
• Expert insurance guidance
• Easy documentation support
• Quick policy issuance assistance
• Lifetime policy servicing
• Dedicated claim assistance