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<h1>Child insurance plans offering waiver of premium and either participating bonus growth or guaranteed maturity for future financial security.</h1> SBI Life launched two child-focused individual, non-linked life insurance savings products: Smart Future Star, a participating product offering corpus growth through bonuses with an in-built waiver of premium on the proposer's death or accidental total permanent disability; and Smart Platina Young Achiever, a non-participating product offering a guaranteed maturity benefit, flexible maturity payout options, and the same waiver of premium, positioned as a risk free savings approach for parents seeking guaranteed returns.