September 4, 2021
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The purpose of our life can be easily summed up into one word — happiness. One way to bring happiness into our lives is by working towards our ‘Life Goals’ through smart goal-based investments. Whether it is about buying a house, supporting your kid’s education, or securing wealth for life post-retirement – each of these life goals demands financial backing. SBI Investment Plans for 5 years, it’s an investment whose return is confirm after 5 years.

Short term savings are not sufficient to cap your life goals, and you need to invest for a long time to accomplish them. In simple words, Investment Plans are essentially financial instruments that help create sustainable wealth for the future.

Various investment plans in India enable us to invest our savings into different money-market products in a disciplined and periodic manner to achieve our financial goals.

In this context, we come with SBI Investment plans 2021,  in which you can invest for five years.

Investment plans Plan Type Entry Age

(min.)

Maturity Age

(max.)

Policy Term
SBI Life – Smart Elite Plan Unit linked Insurance Plan 18 Years 65 Years 5 Years
SBI Life – Smart Privilege Plan Unit linked, Non-participating Insurance Plan 13 Years 70 Years 5 Years
SBI Life – Smart Wealth            Builder Plan Unit linked, Non-participating Insurance Plan 7 Years 70 Years 5 Years
SBI Life – Shubh Nivesh Plan Participating Variable Insurance Plan 18 Years 60 Years 5 Years
SBI Life – Smart Platina Assure Non linked, Non-participating Life Endowment Plan 18 Years 50 Years 6-7 Years
SBI Life – Saral Pension Individual, Non-linked, Participating, Saving Pension Plan 18 Years 65 Years 5 Years
SBI Life – Grameen Bima Individual, Non linked, Non-participating Microinsurance Life Insurance Plan 18 Years 50 Years 5 Years

SBI Investment Plans

SBI Life – ULIP Plans

Among SBI Life Insurance Plans, you can choose SBI ULIP plans to invest your hard-earned money and maximize returns.

1. Smart Elite Plan

SBI Life – Smart Elite Plan is exclusively crafted for High Net-worth Individuals. It helps you to maximize your saving through market-linked returns and empowers you with great control in managing your investment portfolio. In this plan, you have to pay a premium for a limited term or single payment and get the option to choose from a wide range of funds with partial withdrawal from the 6th policy year. It also provides you a life cover.

Key Features and Benefits: –

  • Maturity benefits: on the survival of the life insured till the maturity of the policy term, the fund value will be paid in a lump sum.
  • Death benefits:
  • For Gold option: the higher of sum assured less partial withdrawal or fund value payable.
  • For Platinum option: sum assured plus fund value is payable.
  • Death benefits should be at least 105% of the total premium paid.
  • In-Build Accidental Benefits: Accidental death or permanently disabled is also covered in the plan.
  • Other Benefits: 4 varied fund options, you can invest to maximize returns.

2. Smart Privilege Plan

SBI Life – Smart Privilege Plan is a unit-linked, non-participating life insurance product. It gives you the flexibility to make multiple switches and premium redirection between eleven diverse funds with loyalty in addition to boosting your fund value. The plan also provided life insurance coverage, so your family is also protected.

Key features and Benefits: –

  • Death Benefits: in case of unfortunate death of the life assured during the policy term, while the policy is in-forced the beneficiary will receive higher of the following: –
  • Fund value as on the date of death intimation or
  • Basic sum assured less Applicable Partial Withdrawal (APW) or
  • 105% of the total Premium received up to the date of death less Applicable Partial Withdrawal (APW).
  • Maturity Benefits: on the survival of the life assured up to maturity, and the fund shall be paid in a lump sum.
  • Other Benefits: Loyalty Addition is a percentage of the average fund value over the 1st day of the last 12 policy months before the date of its allocation, Loyalty addition chart is given below: –
Last date of the Policy Year(nth) Loyalty Addition Last date of the Policy Year(nth) Loyalty Addition
6 1% 20 5.0%
10 2.5% 25 6.0%
15 3.5% 30 7.0%

 

  • Option to invest in any 8 funds available.
  • Avail switching, premium redirection, and partial withdrawal facilities under this policy.

3. Smart Wealth Builder plan, SBI Investment Plans

SBI Life – Smart Wealth Builder Plan is an individual, unit-linked, non-participating insurance plan that helps fulfill your financial and insurance objective. This product is specially designed for your life goal like higher education of your children, their marriage, wealth creation for a house, foreign travel or providing for old age, etc.

Key features and benefits: –

  • Maturity Benefits: in case of survival of the life insured till maturity date, the fund value as a lump sum is payable. The provided policy is in force.
  • Death Benefits: fund value as on the date of death intimation or sum assured less Applicable Partial Withdrawals (APW) if any; or 105% of Total Premium received up to the date of death less (APW) if any; whichever is higher is paid.
  • Guaranteed Addition: Guaranteed addition is available at the end of the 10th, 15th, 20th, 25th & 30th policy year, It helps you to boost fund value.
  • Option to invest in 11 different funds.

SBI Life – Endowment Plans

Among SBI Life Insurance Plans, you can choose SBI Endowment plans

4. Shubh Nivesh Plan

SBI Life-Shubh Nivesh Plan is an individual, non-linked, participating life insurance saving product. This plan protects you, your savings and comes with an option to leave a portion of your wealth for your children/grandchildren. You also have the choice of taking your benefits in the form of a regular income over a specified period of your choice.

Key features and benefits: –

  • Death Benefits: the death benefits payable is a sum assured on death plus vested simple reversionary bonus plus terminal bonus.
  • Maturity Benefits: on completion of the endowment term, the basic sum assured plus vested simple reversionary bonus plus terminal bonus is payable. Provided the policy is in force at the endowment term, you have the flexibility to opt for a deferred maturity payment option.
  • Bonus: vested simple reversionary bonus plus terminal bonus is payable.
  • Opt for rider to enhance policy benefits.
  • Avail high sum assured rebate.

5. Smart Platina Assure Plan, SBI Investment Plans

Although this plan has an investment period of 6-7 years, it has very handsome returns, so if you are comfortable in invest for some more years, then it is good to know about this plan.

This is an individual, not-linked, non-participating life endowment assurance savings product. It assures guaranteed returns with the advantage of paying a premium for a limited term. It gives your life cover with an Assured return.

Key features and benefits: –

  • Maturity benefits: Guaranteed sum assured on maturity, i.e., the basic sum assured plus accrued guaranteed additions, provided policy is in force.
  • Death Benefits: in the unfortunate event of the death of the Life Assured, Sum Assured on death along with accrued guaranteed additions, if any will be paid to the beneficiary for in-force policies only.
  • Where Sum Assured on death is higher of 10 times the annualized premium or 105% of total premium paid up to the date of death.
  • Other Benefits: Avail guaranteed additions^ of 5.00% to 5.50% at the end of each policy year.
  • Pay for just 6 or 7 years and enjoy the benefits throughout the policy term of 12 or 15 years respectively.

SBI Life – Pension Plan

Among SBI Life Insurance Plans, you can choose SBI Pension plans

6. Saral Pension Plan, SBI Investment Plans

This plan helps you to meet your post-retirement financial need conveniently, with simple reversionary bonuses throughout the policy term for the in-force policy. There is a genuine concern about accumulating enough money to provide sufficient income to manage your lifestyle, medical cost, family expenses, etc.

Key features and benefits: –

  • Bonus: simple reversionary bonus for the first five years.
  • @2.50% for the first three policy year
  • @2.75% for the next two policy years of the basic sum assured.
  • Guaranteed bonus will be acceptable only to in-force policies.
  • Maturity Benefits: Basic sum assured or total premium received which is higher plus vested simple reversionary bonus plus a terminal bonus if any.
  • Death Benefits: Total premium received up to the date of death accumulated plus vested simple reversionary bonus plus a terminal bonus, if any or 105% of the total premium received up to the date of death, whichever is higher, is paid.

SBI Life – Micro-Insurance Plan

Among SBI Life Insurance Plans, you can choose SBI Miro-Insurance plan.

7. Grameen Bima

You are the anchor of your family, and they look up to you for their daily needs and requirements. Needless to say, your presence ensures their comfort and well-being. Grameen Bima is a simple, hassle-free, individual, Not-Linked, Non-Participating Microinsurance Life Insurance Pure Risk Premium Product that provides financial security for your family in case of unfortunate death.

Key features and benefits: –

  • Death benefits: in the unfortunate death of the life insured during the policy term, the nominee or beneficiary will receive the sum assured as a lump sum.
  • The sum assured on death would be higher the basic sum assured or 1.25 times of a single premium.
  • Maturity benefits: there is no maturity benefit under this product.
  • Surrender Benefits: surrender is allowed after the first year of cover. No surrender benefit is payable in the last year of the policy.
  • The surrender value payable would be a single premium paid (exclusive of applicable taxes* 50%* Unexpired policy term/Total Term. Where a term is measured in completed months or unexpired term would be the total policy term in months less the completed number of months as on date of surrender.

To know more about SBI Investment Plans and other Plans, you may visit our site here.

 

 

 

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