New SBI scheme

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 policySBI Life – Smart Champ Insurance
Parents’ age21-50 years
Maximum age of the child of policy purchaser13 years
Benefit4 annual installments on completion of 18 years of age (WITHOUT TAX DEDUCTION)
InvestmentRs.10,000/-
ReturnRs.1Crore

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 policySBI Life – Smart Scholar
Parents’ age18-57 years
Benefit1)Investors can withdraw money at the time of emergency. 2) No tax deduction
Maximum age of the child of policy purchaser18-25 years

Income Tax Notice – Each of these transactions might get you in trouble

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.

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