New SBI scheme – After the Covid-19 pandemic, almost all the citizens of India are facing financial difficulties. In this difficult situation, bearing a child’s education is a big deal. SBI has introduced a new scheme in which, the tension of the expenses of a child’s education to their marriage will end. In today’s article, we are going to discuss new SBI scheme.
New SBI scheme:-
Recently, SBI has introduced two new schemes. The new SBI schemes are-
1) SBI Life – Smart Champ Insurance
2) SBI Life – Smart Scholar
The details of these schemes are written down below. Readers are requested to go through the details –
1) SBI Life – Smart Champ Insurance:-
|Name of the policy||SBI Life – Smart Champ Insurance|
|Parents’ age||21-50 years|
|Maximum age of the child of policy purchaser||13 years|
|Benefit||4 annual installments on completion of 18 years of age (WITHOUT TAX DEDUCTION)|
2) SBI Life – Smart Scholar:-
The details of the scheme are written down below. Readers are requested to go through the details –
|Name of the policy||SBI Life – Smart Scholar|
|Parents’ age||18-57 years|
|Benefit||1)Investors can withdraw money at the time of emergency. 2) No tax deduction|
|Maximum age of the child of policy purchaser||18-25 years|
If you have any questions or comments about New SBI scheme, you can tell in the comment box below. Keep visiting our website for more.
Written and edited by Rajeshwari.