choose your child's gender

WHAT IS YOUR CHILD'S NAME?

Boy

WHAT IS YOUR CHILD'S NAME?

Girl

's Age

No. of years

What you want to be?

A Professor
A Media
Professional
a scientist
An Engineer
a doctor
a pilot
Others
A Professor
A Media
Professional
a scientist
An Engineer
a doctor
a pilot
Others

So you want to be

Age at which money is required

No. of years

WHERE DO YOU WANT TO STUDY

India
Abroad

The amount required for 's Education at current rates

Please modify the figure if required *The rates mentioned are indicative only and are subject to changes.

The amount required for 's Education at current cost

Please modify the figure if required *The rates mentioned are indicative only and are subject to changes.

How Much have you Saved for 's Education Till Date?

Are you regularly saving to fund for 's Education?

Yes
No
enter the amount you save each month

WHAT KIND OF INVESTOR ARE YOU?

  • Conservative
    Average returns with lower risk (e.g. PPF/ NSC/ Post office/ Bank FD)
  • Moderate
    Relatively balanced returns with limited risk (e.g. Gilt funds/ Debt MF, Balanced MF)
  • Aggressive
    Potentially higher returns with high risk (e.g. Equity MF, Stocks & securities)

To fund Ajay's education to be ,

A corpus of Rs. 25,00,000* is required when Ajay turns 25 years in age.

Excellent, you are all set to meet your savings target.

TO ACHIEVE YOUR TARGET, YOU NEED TO DO ADDITIONAL MONTHLY SAVING OF Rs. 5,000/-

Considering your savings,if you would go for an Education Loan for the remaining amount of Rs. when Ajay turns 25, you would end up paying Rs. /- per month for next 5 years to repay the loan.

          
         
         
            
*Arrived corpus is based on the information provided by you and estimated future cost of living as per assumed inflation rate of % and exclusive of any taxes or charges. This is an illustrative projection of your future financial needs.
Inflation rates are assumed and subjective in nature

Change parameters to see changes

Inflation rates are assumed and subjective in nature.
Inflation Rate

Now that you are aware about the financial requirements to fulfill your child's career aspirations, it is pertinent to look for a suitable avenue, which can assure the same irrespective of the circumstances.

The advantages of opting for a SBI Life Insurance Child Plan are many-fold;

  • Helps you to achieve your child's education milestones
  • Based on the plan chosen, the corpus for your Child's education will be available at important milestones or on maturity.
  • In case of unfortunate insured event during the policy term;
    • Sum Assured would be paid immediately
    • Additionally, Waiver of all future premiums
    • Policy and all related benefits will continue.

With SBI Life's Children Plans, your Child's future is assured!

For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.

Thank you for your time

Best wishes for your Child's Education Planning

- For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
- The Retirement Planner is for assistance only and must not be taken as a basis for investment decision

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Toll Free: 1800 267 9090 (Between 9.00 am & 9.00 pm)

Reach
Your goal

SBI Life - Smart Champ Insurance

Non-Linked, Participating Child Cum Life Insurance Plan

UIN: 111N098V01

Click here to view details

SBI Life - Smart Scholar

A Non-participating Unit Linked Life Insurance Plan

UIN: 111L073V02

Click here to view details

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Dear Raghu Sharma,

He has used Child Education Planner and here is the report of the same

Based on the inputs provided for Current Child's Age: years.

To fund Ajay's education to be , a corpus of Rs. * is required when turns years in age.

* Arrived corpus is based on the information provided by you and estimated future cost of living as per assumed inflation rate of %. This is an illustrative projection of your future financial needs.

To maintain your target, you need to have a monthly saving of Rs.

Excellent, you are all set to meet your savings target.

Beware of spurious phone calls and fictitious/fraudulent offers. IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

Toll Free: 1800 267 9090 (Between 9.00 am & 9.00 pm)