Sbi life Retire smart pension plan in Tamil | Detailed Review | Nivas Narasimhan
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- Опубликовано: 20 окт 2024
- 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
You should publish these materials in all medias possible.zthe fraudulent managers are worse than other non registered financial. People
Super Sir, explained well,but what is your advice to choose best plan Sir
Super comparison between pension plan and mutual funds sir i got idea before my investment
Thank you so much
Thank you for the explanation sir
Sir need advise for those who have already joined in this plan, suggest me for some good option s.
Very detailed analysis ; Thank you
Thank you
Thank u Sir. U highlighted the negative aspects of the plan. Can u please analyse the other plans of SBI Life Co.?
Pls invest in MF for good growth. And take term insurance for protection
Pls put one more video explaining clear about what is nav,unit cost,fund value how can check online. Each year showing fund value that is the value of my current policy value.pls advice.
Super sir 🤝I'm also sbi life insurance advisor 😊
That's an exhaustive analysis bro!! Thank you for the insights.
Thank you so much for watching..
For mutual fund, IT exemption is available like SBILife.
@@pcbuildingshorts3404 80c benefit available. But at maturity, Capital gain is taxable at 10%
Hindi version pl.
Hindi versions
Very true.i believed the chief Manager words.he lured me into this saying the money will be doubled after 10 year s or I get a pension of 30000 per month. Which is not true now the insurance company says I will get ..
One third and a pension 50000 every year and the two thirds will go to my nominee after my death.the after death was not at all discussed by the Manager.the policy is a trap with so many clauses.dont know if I would get pension every year.the Manager got transferred and the agent disappeared.l
its not a bad plan. but the way it is sold is wrong most of the times. Nothing to worry you will get a decent returns in this policy. it is better than endowment plans and bank fd. only thing is at maturity, you will get 60% of market value and balance will be utilised to get pension
Thanks for your reply.
Very informative. I was contacted by few SBI managers and staff explaining SBI Retire Smart for NRIs. They introduced about 10 managers in the webinar. I was also thinking why? 😀 I am glad that I found your vedio. Many vedios are just their promotion and do not give the fact.
Very true.. Thank you so much for the comments
Very informative.the sane thing happened to me.iam repenting.can i surrender.i have to pay for five years.one mire year is pending.
You can't surrender in this plan. Better to continue.
What about duscontuing.and getting the paid up amount after 6th year
You can get 60%
But in sbi life they say at anytime you can commute only 33%,rest only as annuity.is it true
Sir, put one video review for sbi elite & scholar policy. Sub assurance is the minimum amount on maturity or this the amount i will receive after 20year of my policy plan
Thanks, very informative video 👌👍👍🙏🙏🙏🙏
Thank you so much
Well said sir.Insurance is a separate wing.Staffs are there to sell it.why bank managers are selling ii?
Because commissions are high and its more profitable cross selling product for the Bank.
Managers are selling without any pain and within their cabin itself.
Further, they are selling for want of money only
@@pcbuildingshorts3404 Managers sell due to target pressure
A crystal clear analysis, congrats bro
Thank you so much
Sir, Pure awareness Advice Very use full .you said Avantage benifit and charges are high. your excel sheet return show 10% only. next time will be mentioned calc included tax & percentage of charges and etc.
Calculate after all dedcution how much return of % expected
additional details needed
# Start from 2021 Mutualfund SIP investment Rs.5000/- monthly 15 years over. After 15Y how much expenses ratio & Captial gain tax to be paid. pls advice pure details.
Reply me or Put vedio to you channel
Dear Rajesh, The calculation is inclusive of charges only.
Pls whatsapp your details, i will send you funds for 15years
Hi Sir well explained video. Is there guaranteed return plan. And list me top 5 retirement for if we invest 5 to 10 years. Suggestions purely for private employees. 😀
SBI retire smart pension plan vs SBI PPF, for 15yrs 1lacs payment each yr, which one would you prefer r suggest ?
I will ignore both and invest in Sbi magnum midcap fund
Sir we have invested 11 lakhs for the first year. Premium period is 5 years. Now we don't want to invest for the next four years. What can they do sir? Can we take the 13 lakhs fully after 5years?
Sir you have to pay for next 4years.. Stopping premium is not a good option..
Thank you for the info, I regret taking this policy.what is immediate annuity, how long you would receive the pension?
sir this is not a bad plan. Pls avoid Advantage option. And choose Equity pension fund II.
@@nivasexcites hi sir, thanks for detailed explanation. Is it possible to change from advantage option to equity pension fund 11 after took this plan?
@@MrSsanthosh85 I don't think so sir. The plan itself SBI Retire smart Advantage plan.
@@nivasexcites I was told there is only Advantage option alone .. if taking a new plan how to choose the equity option in this plan in the form? Seems the customers don't have this option or not even told about it.
I too repent they say there will.give only 33% of the surrender value and the crest only as annuity.is there anyway to get my amount
Please tell the cancel procedure, thank you
Not possible to cancel. You can cancel within 21days of receipt of policy document.
@@nivasexcites s only 5 days went... So please tel the procedure to cancel
@@universe8084 approach the nearest Sbi life insurance office and submit the document with cancellation letter.
@@nivasexcites one personal request give your suggestion can I cancel or continue?
@@universe8084 WhatsApp to 9994266772
Sir Na monthly 1k pension plan panre last 12 years, Na start panum pothu eanku 21 years inum Na ethna years Na katanum eanku evlo return kedaikum Na itha suma theriyama start pane eppa amount varum but still am continuing that
Excellent presentation sir
Thank you so much
Today I got bond but I don't pay amount. How I cancel this policy.? Sir I request how do cancel this bond.plzzz sir🙏🙏🙏
How you got the bond without paying?
What about surrender value
I heard in this policy, if you invest around 3Lakhs/pa for 5 years and with additional 5years lockin. Post which you could get around 27K/month pension rest of your life.. if so doesn't it seem a very good return policy, your thoughts? .. but not sure whether its based on Advantage or Equity plan option
Pls download brochure in website and check.. Is there anything like that mentioned..
@@nivasexcites Thanks for your response...yes saw the brochure and also tried using the SBI calculator... where they are finally showing the fund earns a gross return of 8% p.a. or 4% p.a and finally on the monthly pension income on the accumulated amount as ~6.6% only.. which I feel is too conservative approach... One additional question -- to arrive at the above calculation what could be the corresponding rate of interest? This might help to understand better the policy __/\__
@@nivasexcites
But how come all the sbi managers were giving in printed
Pay 1.5 lacks yr then from 6 yr -100 yrs 7727;per month pension then at 100 yrs get 45 lacs for third gem when calulcated it is 10%whichbis good also risk free I also invest in mf but looking for constant return 8-10%okay where in mutual fund I got around14-15%miniimum
Can you please suggest
@@MrMuthukumar2002 no one is there to complain..
@@narayanansreenivasan2558 we can't predict now.. It depends on how well they manage it..
Thanks for the information. But they say that after my death my children can continue with the pension till their lifetime or can get double the premium paid and close the policy, IF I OPT MY CHILD AS NOMINEE. Is that true?
Is it there in the brochure or in policy document? Pls check.. nothing like that is available in any document.. All false commitment
I was told like that today in the bank. When I checked in their brochure, Second point in death benefit in the seems like that. But I didn't understand it fully.
@@dentistsatish till you are alive, you will get pension. After that, your nominee will get the full amount.
Thank you Sir.
Advisor commison evlo persantage sir
How do you calculate fund value Is expected returns for this scheme
With too many parameters very difficult to calculate Expected returns.. WhatsApp your details to 9994266772. I will try to send a rough calculation
Is it ok to start at the age of 56
Without my knowledge, my mom took this policy just day before yesterday, what i can do now sir?
That manager said to my mom, "In this plane you have to pay yearly 1L likewise you pay for 5years, After 5 years you will receive 40k per every year"
Is that true sir...?
Tata aig fortune guarantee plus can invest good pls reply
Pls Avoid.. Take Term insurance and invest in mutual funds. .
Sir I started this policy
Already paid two premium
4 L per annum
So total 20 L for 5 yrs
After 5 yrs how much pension amount I will get per month
Sir it will depend on market value at that time. If the value is say 30Lakhs, you can get 15000 pension at 6%
@@nivasexcites ok thank you sir
Suppose I will get at 6% interest it will continue as life long same interest
Yes sir
After 5 yrs or 10 yrs??
@@jakgj1752 5 yrs
sir which is the best term plan for 1cr
Checkout for Max life and Bajaj
Entha policy podalama. Ok or no tell me sir. Plz
No. Pls avoid this plan
What is the procedure to close this plan
You cant close.. This is not a bad plan.. Better than traditional policies..
Sbi retired smart
PPT 5 YEARS
TERM 20 YEARS
HIGH RISK
WHEN I GET PENSION
AFTER 5 TH YEAR OR 20 YEARS
IS THERE GIARANTEED PENSION
This is not a high risk fund. Its like a balanced fund. You will get guaranteed pension on maturity. But the rate of pension will be informed only at maturity.
@@nivasexcites but our manager said that the pension amount now itself.how.?
He said growth value is 10%
Thanks Nivas 🙏
Most welcome Alexy Louis
Sir, i m nri took 2year back 50000 annually for 15year plan. Can you suggested any other good plan more than this for same premium and 15 year
Hi Saravanan, Pls invest in mutual funds to get good returns.
SBI smart platina plus
@@துளிர்-ய8ன pls avoid
Thanks, you have told everything clearly. I have just joined, can I cancel it now
Within 21days of policy document received, you can do it
@@nivasexcites thanks
Hello sir sbi 5 years insurance policy eruka sir erudha solluga sir please sir reply
Dont take life insurance as investment option, Take Term insurance and invest in mutual funds.
How to come out of advantage plan in retire smart plan
Hi Hari praneeth, I don't think you can come out of advantage plan.. I checked with a branch manager. The plan itself is RETIRE SMART ADVANTAGE PLAN.
Can u please sbi wealth builder sir... I have invested 1 lakh in that
You can continue
@@nivasexcites sir... if possible could u please make video on that
ஒரு இலட்சம் முதலீடு செய்தேன் அதில் 93 ஆயிரம் மட்டுமே அவர்கள் முதலீடு பணம்மாக வரவு வைத்து மீதி 7 ஆயிரம் ரூபாயை Processing charge ஆக எடுத்துக்கொண்டனர் இதை அவர்கள் முன்னர் சொல்லவில்லை.....
sir on completion of 5yr plan can i withdraw the amount?
Only 60%, you can withdraw
Please send full details ( tamil) sbi life smart scholar policy sir
Pls avoid that policy... Invest in mutual funds..
8754716105 come to what's up I will explain I too SBI life insurance Adviser
good explanation...
Thank you so much
Explained nicely... But you didn't talk on Incometax on returns. I was told the returns are not taxable
Thank you selvaraj. Returns are taxable at 10% on Profit. Upto 1Lakh profit, Tax exemption is there
SBI life insurance job govt or private?
Private
One premium கட்டியுள்ளேன்பாலிசியை தொடராமல் விட்டால் கட்டியதொகையை பெற முடியுமா
Not possible. Pls pay regularly. This is not a bad plan.
My paid 4premiums .A total amount of 8laks. We in a dilama to pay or not final 5th premium of 2lakhs. I request your advice.
Please let me know your contact number
Share market risk என்று சொல்லும் இவர் மியுசுவல் ஃபண்ட் லா முதலீடு செய்ய சொல்வது உள் நோக்கம் கொண்டது
I told good things about this policy also.. That you are not considering.. How many missellings are done in Banks by staffs who don't even know the basics of how the policy works..
In this policy can we drop after one year is it possible
SBI life retire smart
No. you cant. you have to continue..
its the same with HDFC SL CREST, full of cheating ..................poor customers
Manager taking commission
Will I get life long pension?
Yes
Yes u want
How about lic jeevan labh
Pls stay away from Endowment plan from Lic and all private insurers. You will get less than 6% only. For long term plans, Mutual funds are better.
Super.pls analyse 8%guaranteed LIC'S jeevan umang no tax money back whole life plan pls
ruclips.net/video/Dd7PSZfYrVI/видео.html
Pls watch this for jeevananand and jeevan labh
Good
Which is best for pension plan, i need pension in 5 years
Invest in SBI RETIREMENT BENEFIT FUND. For more details whatsapp or call 9994266772
@@nivasexcites sir sbi retirement plan 65 age la than pension start ahuthu
@@venkateshmuruganandam2117 sir we can activate SWP after 5years. And this will change based client requirement and age.
🙏🙏🙏🙏
🙏
Commutation is 60%
Yes its a mistake from my side.. Thank you for correcting..
No sir
It is 33% when joined during 2017
But now they have increased to 60%
Yes. you are correct. For my case, the branch manager convinced me and I deposited 10L / year. So far I have paid only one premium only. They are invested in 3 bonds (which you mentioned above). At present, the amount is 993000Rs only. I asked the manager, I don't want the other two bonds (Life & money market). But he told not possible to invest 100% in an Equity bond. I told him, I don't want to continue.
Sir, This is not a bad plan. This will give returns better than FD or traditional insurance policies. So pls pay for next 4years. And take 60% commutation. Balance amount you can take as pension.
When should we take the 60%after 10 yrs
This is bad idea
Policy or my video.. Which is bad?
இவன் கூறுவது முழுக்க முழுக்க சுயநலத்துக்காக மட்டுமே பதிவிட்டுள்ளார்....
For awareness I have posted.. Lot of people are forced to take this policy by saying this policy is getting over. And people at a young age of 30 are sold 10years policy, why he needs pension at the age 40.
@@nivasexcites முற்றிலும் உண்மை நீங்க சொல்லுறது மாதிரிதான் இந்த மாசத்தோட முடிய போகுதுனு சொல்லிதான் Policy எடுக்க வைத்தனர்..... Policy குறித்த முழு விபரமும் சொல்லவில்லை.... Processing charge குறித்தும்....
Whatever he posted here is worthy only.
Please read the instructions clearly before joining in this scheme
Ithil entha suya nalamum illai.inmael yaarum ithil invest panni emaravendaam.These bank people are cheating the people
Enna solla vara
How to contact you
Hi, we can't help regarding this policy. If you want any other support pls WhatsApp to 9363254007
Advisor commison evlo persantage sir