This Father's Day, SBI Life Insurance Honours the Unique Connection Between Father and Child [Business Wire India]

Mumbai, June 16 -- Fathers are recognised as pillars and protectors of the family who instill family values of resilience and determination. SBI Life appreciates those fathers who never give up and become a source of inspiration for their loved ones. This Father's Day, SBI Life Insurance endeavours to honour the unique connection between father and child with its #PapaHainNa campaign. With offerings such as SBI Life - Smart Platina Plus and SBI Life - Smart Champ, the invaluable power of financial security can be shared.

What is the SBI Life - Smart Champ Insurance

The SBI Life - Smart Champ Insurance is an individual, non-linked, participating, life insurance savings product that provides smart benefits in four equal installments to help one's child seek higher education. This plan aims to offer the child financial security as soon as they turn the adult age of 18 years.

Benefits & Features

This plan offers protection to children to help them easily achieve their life's milestones.

Convenient payment options - pay a one-time premium or pay a limited premium.

This insurance policy comes with Life and Accidental Total Permanent Disability (ATPD) coverage throughout its term.

Wavier of due premium, if any, on occurrence of insured event.

SBI Life - Smart Platina Plus For Regular Income

SBI Life - Smart Platina Plus is an individual, non-linked, non-participating, life insurance savings product. It offers financial freedom in one's future years by providing regular guaranteed income during the payout period to realise the dreams.

Benefits & Features

This plan has two-income plan options to suitfinancial needs - Regular Guaranteed Income & Life Income.

Guaranteed Income Benefit: Enjoy fixed regular income during the payout period opted

Maturity Benefit: Get return of 110% of total premiums paid at the end of policy term

Limited premium payment options - 7,8 and 10 years.

About SBI Life Insurance

SBI Life Insurance ('SBI Life' / 'The Company'), one of the most trusted life insurance companies in India, was incorporated in October 2000 and is registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001.

Serving millions of families across India, SBI Life's diverse range of products caters to individuals as well as group customers through Protection, Pension, Savings and Health solutions.

Driven by 'Customer-First' approach, SBI Life places great emphasis on maintaining world class operating efficiency and providing hassle-free claim settlement experience to its customers by following high ethical standards of service. Additionally, SBI Life is committed to enhance digital experiences for its customers, distributors and employees alike.

SBI Life strives to make insurance accessible to all, with its extensive presence across the country through its 992 offices, 20,787 employees, a large and productive individual agent network of about 208,774 agents, 63 corporate agents and 14 bancassurance partners with more than 39,000 partner branches, 129 brokers and other insurance marketing firms.

In addition to doing what's right for the customers, the company is also committed to provide a healthy and flexible work environment for its employees to excel personally and professionally.

SBI Life strongly encourages a culture of giving back to the society and has made substantial contributions in the areas of child education, healthcare, disaster relief and environmental upgrade. In 2022-23, the Company touched over 1.1 lakh direct beneficiaries through various CSR interventions.

Listed on the Bombay Stock Exchange ('BSE') and the National Stock Exchange ('NSE'), the company has an authorized capital of Rs. 20.0 billion and a paid-up capital of Rs.10.0 billion. The AuM is Rs. 3,073.4 billion.

For more information, please visit our website-www.sbilife.co.in and connect with us on Facebook, Twitter, YouTube, Instagram, and Linkedin.

(Numbers & data mentioned above are for the year ended March 31, 2023) Published by HT Digital Content Services with permission from Business Wire India. For any query with respect to this article or any other content requirement, please contact Editor at [email protected]