Insurance

Life Smart Future Star

A participating child savings plan with life cover, proposer premium waiver, bonuses and flexible maturity payouts.

Policy typeIndividual, non-linked, participating life-insurance savings product UIN and product codeUIN 111N172V01; product code 3X Child entry age30 days to 15 years

Official product page ↗Compare category

✓ Manually checked 23 Aug 2026 · active

Offered byState Bank of India

India, subject to Life underwriting and policy terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Policy typeIndividual, non-linked, participating life-insurance savings productView source

The official page identifies Smart Future Star as an individual, non-linked, participating life-insurance savings product.

Source: Life Smart Future Star
Page / section: Product overview
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

UIN and product codeUIN 111N172V01; product code 3XView source

The official page publishes 111N172V01 and product code 3X.

Source: Life Smart Future Star
Page / section: Know about Life - Smart Future Star
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Child entry age30 days to 15 yearsView source

The eligibility table gives child entry age as 30 days minimum and 15 years maximum.

Source: Life Smart Future Star
Page / section: Who Can Buy
Accessed: 23 Aug 2026
Confidence: high

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Proposer entry age18 to 65 yearsView source

The eligibility table gives proposer entry age as 18 to 65 years.

Source: Life Smart Future Star
Page / section: Who Can Buy
Accessed: 23 Aug 2026
Confidence: high

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Child maturity age18 to 35 yearsView source

The eligibility table gives child maturity age as 18 to 35 years.

Source: Life Smart Future Star
Page / section: Who Can Buy
Accessed: 23 Aug 2026
Confidence: high

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Premium payment term7, 10 or 12 yearsView source

The official table lists 7, 10 and 12 year premium-payment terms.

Source: Life Smart Future Star
Page / section: Who Can Buy
Accessed: 23 Aug 2026
Confidence: high

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Policy term15 to 25 yearsView source

The official table lists policy terms from 15 to 25 years, subject to the child's maturity-age limits.

Source: Life Smart Future Star
Page / section: Who Can Buy
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Minimum premium₹40,000 yearly; ₹20,400 half-yearly; ₹3,400 monthlyView source

The official table publishes minimum premiums for yearly, half-yearly and monthly modes; maximum is no limit subject to board-approved underwriting.

Source: Life Smart Future Star
Page / section: Who Can Buy
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Sum assuredMinimum ₹4,00,000; no stated maximum subject to board-approved underwritingView source

The official table publishes a ₹4,00,000 minimum and no limit subject to board-approved underwriting.

Source: Life Smart Future Star
Page / section: Who Can Buy
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Key benefitsLife cover; in-built waiver of future premiums on proposer death or accidental total permanent disability; bonuses; lump-sum or instalment maturity payout up to 7 yearsView source

The official page describes the savings benefit, proposer waiver, bonuses and flexible maturity settlement.

Source: Life Smart Future Star
Page / section: Features and Plan Benefits
Accessed: 23 Aug 2026
Confidence: high

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Child death benefitHigher of sum assured on death plus vested reversionary and terminal bonuses, if declared, or 105% of total premiums paid up to deathView source

The official plan-benefit section gives the higher-of formula for death of the child.

Source: Life Smart Future Star
Page / section: Plan Benefits — Death Benefit of Life Assured
Accessed: 23 Aug 2026
Confidence: high

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Maturity benefitSum assured on maturity plus vested reversionary bonuses, if declared, plus terminal bonus, if any; payable as lump sum or flexible instalmentsView source

The official maturity section specifies the sum assured and bonus components; the page also permits deferred or instalment settlement.

Source: Life Smart Future Star
Page / section: Maturity Benefit
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Proposer premium waiverFuture premiums are waived after proposer death or accidental total permanent disability during the premium-payment term, while the policy is in forceView source

The official page states that future premiums falling due are waived after proposer death or ATPD.

Source: Life Smart Future Star
Page / section: Plan Benefits — Death or ATPD of Proposer
Accessed: 23 Aug 2026
Confidence: high

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InsurerSBI Life Insurance Company LimitedView source

Life's official catalogue lists these individual and group products under Life Insurance Company Limited.

Source: Life online plans and group insurance catalogue
Page / section: Life plan catalogue
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Waiting periodNo separate general waiting period is published. The policy has a 12-month suicide provision from commencement of risk or revival, and the proposer’s accidental total permanent disability must persist for 180 days to establish permanence (not applicable for physical severance).View source

The policy document publishes a 12-month suicide provision and a 180-day continuous-disability condition for ATPD permanence; it does not publish a separate general waiting period.

Source: Life Smart Future Star policy document
Page / section: Pages 6–8 — exclusions and accidental disability condition
Accessed: 29 Aug 2026
Confidence: high

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Key exclusionsSuicide within 12 months from commencement of risk or revival: death benefit is not payable; the higher of 80% of total premiums paid or surrender value is paid and the policy terminates. Proposer waiver is not applied for suicide within 12 months and excludes infection, drug/alcohol abuse, self-inflicted injury, criminal acts, war/civil commotion, military service, nuclear contamination, aviation and hazardous sports.View source

The official page sets the 12-month suicide outcome and lists the waiver-of-premium exclusions, including infection, drug abuse, self-inflicted injury, criminal acts, war, military service, nuclear contamination, aviation and hazardous sports.

Source: Life Smart Future Star — official product page
Page / section: Exclusions
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Geographic limitsLife cover; in-built waiver of future premiums on proposer death or accidental total permanent disability; bonuses; lump-sum or instalment maturity payout up to 7 yearsView source

The manually reviewed product record states: “Life cover; in-built waiver of future premiums on proposer death or accidental total permanent disability; bonuses; lump-sum or instalment maturity payout up to 7 years”.

Source: Life Smart Future Star — official product page
Page / section: Published product metadata
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Benefits and features

Child savings with participating bonuses
In-built proposer premium waiver
₹4 lakh minimum sum assured
Lump sum or instalment maturity payout

Eligibility

Child entry 30 days–15 years; proposer entry 18–65 years; child maturity age 18–35 years

Passing a listed condition does not mean the bank will approve an application.

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Life-cover needs estimate

See whether your current cover and savings may leave a gap for your family. This does not calculate an insurance premium.

Yearly household income to replaceThe income your family may need to replace.₹ten lakh rupees₹1,00,000₹1,00,00,000Years of income neededHow long your family may need that replacement income. years1 years30 yearsLoans still to be paidHome loans and other debts the cover may need to clear.₹twenty lakh rupees₹0₹5,00,00,000Cover and savings already availableExisting life cover and money already set aside for the family.₹five lakh rupees₹0₹5,00,00,000

Possible cover gap₹1,15,00,000one crore fifteen lakh rupees

Income your family may need₹1,00,00,000one crore rupees

Cover and savings already counted₹5,00,000five lakh rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Find the exact published value

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Parameter

Product type · Published detailIndividual, non-linked, participating life-insurance savings product; 111N172V01 and product code 3X.

This value is copied from Life Smart Future Star — published terms. Check the table notes before relying on it.

Source: Smart Future Star — Life Insurance · Who Can Buy; Features and Plan Benefits; Exclusions; linked policy document Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 9 rows · 2 columnsSBI Life Smart Future Star — published termsChild-plan ages, premium, term, cover and benefits from SBI Life's product page and policy document.View tableHide table

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SBI Life Smart Future Star — published terms
Parameter	Published detail
Product type	Individual, non-linked, participating life-insurance savings product; 111N172V01 and product code 3X.
Entry ages	Child: 30 days–15 years. Proposer: 18–65 years. Maturity age: 18–35 years.
Premium / premium term	₹40,000 yearly; ₹20,400 half-yearly; ₹3,400 monthly. Premium-payment term is 7, 10 or 12 years.
Policy term	15–25 years.
Sum assured	Minimum ₹4,00,000; no stated maximum, subject to board-approved underwriting.
Benefits	Life cover, waiver of future premiums on proposer death or accidental total permanent disability, bonuses, and lump-sum or instalment maturity payout over up to seven years.
Death benefit	Higher of sum assured on death plus vested reversionary and terminal bonuses (if declared), or 105% of total premiums paid up to death.
Waiting / disability condition	No separate general waiting period is published. Proposer accidental total permanent disability must persist for 180 days to establish permanence, except for physical severance.
Suicide / exclusions	Suicide within 12 months of commencement or revival pays the higher of 80% of premiums paid or surrender value. The proposer waiver excludes the listed infection, substance, self-injury, criminal, war, nuclear, aviation and hazardous-sport circumstances.

Smart Future Star — Life Insurance · Who Can Buy; Features and Plan Benefits; Exclusions; linked policy document · accessed 31 Aug 2026Open official source ↗

Life Smart Future Star

What the official sources publish

Benefits and features

Eligibility

Related official documents

Try the numbers

Life-cover needs estimate

Find the exact published value

Complete rates, limits and schedules

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