Sbi life Retire smart pension plan in Tamil | Detailed Review | Nivas Narasimhan
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SBI Life Retire Smart pension
SBI Life Retire Smart pension Plan vs sbi bluechip fund vs sbi equity hybrid fund
whatsapp 9994266772
SBI Life Retire Smart is a non-participating unit linked pure pension plan offered by SBI Life, one of the most trusted life insurance companies in the country. With this plan, you can secure the golden years of your life by creating a retirement corpus with systematic investments during your earning years.
Features of SBI life retire smart plan
This unique plan is aimed at building a corpus post retirement. The salient features of this plan are-
Boost to the Fund Value through Guaranteed Additions of up to 210% of Annual Premium.
Terminal Additions of 1.5% of Fund Value on Maturity/ Vesting or on earlier death.
Advantage Plan guaranteed a minimum of 101% of all premiums paid on Maturity/Vesting/death.
Premiums can be paid regularly for the entire policy term or for a limited period of time.
Flexibility to postpone Vesting Age.
Tax Benefits available under section 80CCC on premiums paid.
Benefits of SBI Life Retire Smart Plan
Following are the benefits of purchasing SBI Life Retire Smart Plan
Maturity/Vesting Benefit:
On completion of policy term, you will receive the Higher of (Fund Value Plus Terminal Addition or 101% total premiums paid). You have the following options on Maturity / Vesting:
To purchase immediate annuity, from the entire policy proceeds
To purchase a single premium deferred pension product, from the entire policy proceeds
To purchase immediate annuity with an option to commute up-to one-third of the policy proceeds, as per current Income Tax rules
To extend the accumulation period or defer the vesting date provided you are below age of 55 years at vesting. The maximum extended period will be up to age 80 years.
Death Benefit:
In the unfortunate event of death of the Life Assured, Higher of (Fund Value plus Terminal Addition or 105% of total premiums paid till the time of death), is payable. The beneficiary can use the death benefit amount, as per the below mentioned options:
Receive the entire proceeds as lump sum
Utilize the entire proceeds of the policy or part thereof for purchasing an annuity, at the then prevailing rate, provided eligibility criteria of the approved immediate annuity product is met (e.g. minimum annuity amount or age criterion).
Tax Benefits
As a policyholder, you are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.
Note: For details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
Eligibility Criteria
Following are the Eligibility details of SBI Life Retire Smart Plan.
Entry Age Min: 30 years Max: 70 years
Maturity Age/Vesting Age Min: 40 years Max: 80 years
Policy Term 10, 15 to 35 years (both inclusive)
Premium Paying Term Regular Premium - Same as policy term
Limited Premium
5/8 years- Term of 10 years
5/8/10/15 years - Term of 15- 35 years (both inclusive)
Premium Frequency Yearly/ Half Yearly/ Quarterly/ Monthly
Minimum Premium Amounts (x100) Premium Frequency Limited Premium (₹) Limited Premium (₹)
Yearly 24,000 40,000
Maximum Premium Amount (x100) No Limit
Plan your next
INVESTMENT
for
Retirement
taxsaving
Tax saving
Documents Required
The following list of documents are required to buy SBI Life Retire Smart Plan
Duly Filled Application Form
Correct Medical History
Basic KYC Documents such as Age Proof
Income Proof based on the sum assured selected
Why you should buy the SBI Life Retire Smart Plan?
In order to have a healthy retirement corpus, one must start planning and investing in the early years of one’s life. This is to ensure that he/she stays financially secure when a regular source of income stops flowing in post-retirement. Also, one must have enough funds to secure themselves in any untoward situation taking place in the golden years of life. Hence, SBI Life has introduced Retire Smart, a plan that helps you achieve your life goals, without compromising on your financial security post retirement.
Exclusions for SBI life retire smart plan
Suicide Exclusion
If the life assured, sane or insane, commits suicide, within one year, the company will not pay the death benefit
The company calculates the period of one year from the Date of issuance of the policy or the Date of Revival of the policy
The company would pay the Fund Value as on the date of intimation of death and the contract would cease
Reviews of SBI life retire smart plan
SBI Life Retire Smart is a unique plan designed by one the biggest and most trustworthy insurers of the country, SBI Life Insurance. Given the company’s repute, this is a secure plan that surely takes into consideration the various financial needs of individuals.
SBI life insurance plans Tamil
#sbilifeinsuranceplanstamil
#equityfund
whatsapp 9994266772
SBI Life Retire Smart is a non-participating unit linked pure pension plan offered by SBI Life, one of the most trusted life insurance companies in the country. With this plan, you can secure the golden years of your life by creating a retirement corpus with systematic investments during your earning years.
Features of SBI life retire smart plan
This unique plan is aimed at building a corpus post retirement. The salient features of this plan are-
Boost to the Fund Value through Guaranteed Additions of up to 210% of Annual Premium.
Terminal Additions of 1.5% of Fund Value on Maturity/ Vesting or on earlier death.
Advantage Plan guaranteed a minimum of 101% of all premiums paid on Maturity/Vesting/death.
Premiums can be paid regularly for the entire policy term or for a limited period of time.
Flexibility to postpone Vesting Age.
Tax Benefits available under section 80CCC on premiums paid.
Benefits of SBI Life Retire Smart Plan
Following are the benefits of purchasing SBI Life Retire Smart Plan
Maturity/Vesting Benefit:
On completion of policy term, you will receive the Higher of (Fund Value Plus Terminal Addition or 101% total premiums paid). You have the following options on Maturity / Vesting:
To purchase immediate annuity, from the entire policy proceeds
To purchase a single premium deferred pension product, from the entire policy proceeds
To purchase immediate annuity with an option to commute up-to one-third of the policy proceeds, as per current Income Tax rules
To extend the accumulation period or defer the vesting date provided you are below age of 55 years at vesting. The maximum extended period will be up to age 80 years.
Death Benefit:
In the unfortunate event of death of the Life Assured, Higher of (Fund Value plus Terminal Addition or 105% of total premiums paid till the time of death), is payable. The beneficiary can use the death benefit amount, as per the below mentioned options:
Receive the entire proceeds as lump sum
Utilize the entire proceeds of the policy or part thereof for purchasing an annuity, at the then prevailing rate, provided eligibility criteria of the approved immediate annuity product is met (e.g. minimum annuity amount or age criterion).
Tax Benefits
As a policyholder, you are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.
Note: For details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
Eligibility Criteria
Following are the Eligibility details of SBI Life Retire Smart Plan.
Entry Age Min: 30 years Max: 70 years
Maturity Age/Vesting Age Min: 40 years Max: 80 years
Policy Term 10, 15 to 35 years (both inclusive)
Premium Paying Term Regular Premium - Same as policy term
Limited Premium
5/8 years- Term of 10 years
5/8/10/15 years - Term of 15- 35 years (both inclusive)
Premium Frequency Yearly/ Half Yearly/ Quarterly/ Monthly
Minimum Premium Amounts (x100) Premium Frequency Limited Premium (₹) Limited Premium (₹)
Yearly 24,000 40,000
Maximum Premium Amount (x100) No Limit
Plan your next
INVESTMENT
for
Retirement
taxsaving
Tax saving
Documents Required
The following list of documents are required to buy SBI Life Retire Smart Plan
Duly Filled Application Form
Correct Medical History
Basic KYC Documents such as Age Proof
Income Proof based on the sum assured selected
Why you should buy the SBI Life Retire Smart Plan?
In order to have a healthy retirement corpus, one must start planning and investing in the early years of one’s life. This is to ensure that he/she stays financially secure when a regular source of income stops flowing in post-retirement. Also, one must have enough funds to secure themselves in any untoward situation taking place in the golden years of life. Hence, SBI Life has introduced Retire Smart, a plan that helps you achieve your life goals, without compromising on your financial security post retirement.
Exclusions for SBI life retire smart plan
Suicide Exclusion
If the life assured, sane or insane, commits suicide, within one year, the company will not pay the death benefit
The company calculates the period of one year from the Date of issuance of the policy or the Date of Revival of the policy
The company would pay the Fund Value as on the date of intimation of death and the contract would cease
Reviews of SBI life retire smart plan
SBI Life Retire Smart is a unique plan designed by one the biggest and most trustworthy insurers of the country, SBI Life Insurance. Given the company’s repute, this is a secure plan that surely takes into consideration the various financial needs of individuals.
SBI life insurance plans Tamil
#sbilifeinsuranceplanstamil
#equityfund
3 سال پیش
در تاریخ 1399/12/19 منتشر شده
است.
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