SBI Life Scholar II

Recommendations :No

Name of the policy :
SBI Life Scholar II

A brief desciption :

SBI Life Scholar II is an attractive and simple money back child plan. In this plan, the life of the parent is insured for the benefit of the child's future moreover 25% of the Sum Assured is paid out every year after the child attains 18 years of age and the last installment is paid on maturity when the child is 21 years or age along with the vested bonus. However, as far as the periodic cash backs are concerned, investors can probably earn better returns by periodically investing in bank fixed deposits for a five-year time period. To ensure an appropriate life cover for the dependants, invest in a suitable term-plan instead.

Started date :22/6/2004
Type of policy :Insurance cum investment
Category :Traditional- Endowment Money Back Plan
Insurance :Min- 50,000 Max- 1 Crore
Returns expected :Less than Fixed Deposit
Entry age :18-60 Years

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Table of Contents

Table of Contents