SBI Life Scholar II :

SBI Life - Scholar II is a plan designed to secure your child against any kind of crisis that may spoil his future. This is the time when you have to plan a financially secure future for your child so that you will have no regrets thereafter. This plan works to make you child fulfill his dreams and aspirations.

By buying SBI Life - Scholar II you have the advantages of,
Inspite of what may happen in your child's future; this policy works to prepare for your child a good education and a bright future.

This policy allows you to choose between three rider options.  If you have chosen any of them you can enjoy their benefits by some extra additions.  The riders available are Accidental Death and Accidental Total Permanent Disability Rider, Premium Waiver Benefit Rider, and Critical Illness Rider.

This policy offers you full life cover in spite of you receiving the survival benefits beforehand in installments.  When your child completes eighteen years, you have the choice of withdrawing your sum assured in four installments.  This can be useful for your child's higher education.

If by some unfortunate incident, you die, this policy will protect your child's future.  The policy provides one fourth of the sum assured in four installments from the age of eighteen years till your child attains the age of twenty one years.  This sum of money can take care of your child's higher education.

On your death, your nominee is eligible to receive the total sum assured along with any bonuses that are applicable till that day.

This policy also provides on your death, a wavier of the future basic premiums till the end of the policy term, so that in your absence your family will not have to worry about having to pay these premiums.

SBI's Life Scholar II is a plan that is designed to protect your child's life and future without any financial hiccups.  This policy also works to provide your child with a future where his dreams and ambitions can be fulfilled to the best of his ability.