SBI is the largest pension paying Bank in India, serving approx. Contact your respective Circle using the details provided below, © State Bank of India   APM ID: Webs_Info_1562, Site best viewed at 1024 x 768 resolution in I.E 10+, Mozilla 40+, Google Chrome 50+. Subject to a minimum of 105% of total premiums paid till date and then the policy terminates. Select and see data, news and views that you want for your trading and investments! Your nominee will get the Sum Assured or Fund Value, whichever is higher as Death Benefit. Investment of Funds under SBI Life Retire Smart Policy. The systematic investments in the form of premiums are accrued to build a solid retirement corpus. How does the SBI Life Smart Income Protect Plan work. There is an additional rider that can be availed in this plan of Preferred Term Rider. SBI Life Saral Pension Plan is a Regular Premium Deferred Annuity Plan. JeevanPramaan facility available at branches. of the Sum Assured for first three years and. compounded annually + Vested Simple Reversionary Bonus + Terminal Bonus would be payable to the nominee as Death Benefit which he can opt to take in a lumpsum or as an annuity, When the policy matures, the Vesting Benefit in this plan is Sum Assured + Vested Simple Reversionary Bonuses + Terminal Bonus, if any. It is a Traditional Insurance Plan with Bonus facility. SBI Life Saral Pension Plan is a Regular Premium Deferred Annuity Plan. SMS alert on mobile phone with pension payment details. India's 1st IRDAI Approved Insurance Web Aggregator, COMPARE THIS PLAN WITH OTHER PENSION PLANS, Important: Insurance is the subject matter of solicitation | © 2009-2020 MyInsuranceClub.com, Yearly, Half-Yearly, Quarterly and Monthly, At the rate of 2.50% p.a. On Maturity, you will get the Fund Value as a lumpsum amount. SBI Smart enables you to design your own interface for trading and investments. SBI Life Smart Elite Plan SBI Life Smart Elite Plan is a Unit Linked Insurance Plan. Its a part of SBI life insurance plans. SBI’s Life Retire Smart plan is a smart shield plan that helps secure your future with an assured maturity benefit that is secured from market volatility. NAV of all funds in SBI Life Smart Elite Plan, Similar Withdrawn ULIP Plans from SBI Life, Important: Insurance is the subject matter of solicitation | © 2009-2020 MyInsuranceClub.com, You stop paying the premium after 5 years -, It is a  plan Unit Linked Insurance Plan with Single and Limited Premium Paying facility, There is no Premium Allocation Charges in this plan from the 6th policy year onwards, This plan offers 2 protection options namely Gold and Platinum, Under Gold Option, Death Benefit is higher of Sum Assured or Fund Value, Under Platinum Option, Death Benefit is Sum Assured plus Fund Value, The Fund Value is paid as Maturity Benefit in this plan, This plan offers an option to increase/decrease the Sum Assured from 6th policy year onwards, There is an inbuilt rider of Accidental Death and Accidental Total and Permanent Disability (Accidental TPD) benefit in this plan, The Accidental Benefit is payable only once in this plan, in the event of Death or Disability whichever occurs first, Under Gold Option: Higher of Sum Assured or Fund Value as Death Benefit, Under Platinum Option: Sum Assured + Fund Value as Death Benefit, Accidental Death and Accidental Total and Permanent Disability (Accidental TPD) Benefit. 54 lakhs pensioners across the country. SBI Life Saral Pension Plan. In our endeavour to nation building, we have collaborated with Central Govt agencies (Defence, Railways, Postal, Telecom, Civil), State Govt. Withdraw 1/3rd of the Vesting Benefit as Tax Free under section 10(10)A and utilize the remaining to purchase annuity from SBI Life, Use the entire amount to purchase annuity from SBI Life, Utilize the entire amount to purchase a Single Premium Deferred Pension Plan from SBI Life, To extend the accumulation period or defer the vesting date, provided you are below age of 55 years on vesting. SBI Life Smart Wealth Builder Plan SBI Life Smart Wealth Builder is a unit-linked insurance plan which offers some guaranteed additions at various points in your policy term. How it works – In this plan, premium needs to be paid for the entire policy tenure as chosen between 10 to 40 years. SBI network covers all parts across the country including the remote areas. Facility to submit life certificate at any branch of State Bank of India. Bank is committed to provide best of services to the senior citizens by centralizing the pension processing through CPPCs. SBI is the largest pension paying Bank in India, serving approx. 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. The maximum extended period will be up to age 70 years, It is a Regular Premium Deferred Annuity plan, The policy provides a higher timeframes of 10 to 40 years, In case of death of the Annuitant within the Policy Tenure, the entire premium paid till date along with an interest rate of 0.25% p.a. 54 lakhs pensioners across the country. EPPO provision for Defence/Railway/CPAO/Rajasthan pensioners, SBI Customer Care 24 x7 - Toll free Numbers - 18004253800/1800112211/1800110009 or 080-26599990, Complaint can also be lodged at Bank’s website www.sbi.co.in and E-mails can be sent to gm.customer@sbi.co.in / dgm.customer@sbi.co.in. On Vesting, the Annuitant has the following options: However, if the Annuitant dies within the Policy Tenure, i.e. Pension slip through email/pension paying branch. It is a Traditional Insurance Plan with Bonus facility. It is a Non-Traditional Insurance Plan without Bonus facility. of the Sum Assured for the next two years. The Vesting Benefit in this plan is Sum Assured + Vested Simple Reversionary Bonuses + Terminal Bonus, if any. Let us take an example to illustrate the same. compounding annually How it works In this plan, premium needs to be paid in a lump sum under Single Premium Paying Mode or for … departments and various autonomous bodies for pension processing. SBI Life Smart Income Protect Plan works in a way that is beneficial both in terms of savings as well as insurance. There is Guaranteed Simple Reversionary Bonus in this plan for first 5 years: How it works – In this plan, premium needs to be paid for the entire policy tenure as chosen between 10 to 40 years. compounded annually + Vested Simple Reversionary Bonus + Terminal Bonus would be payable to the nominee as Death Benefit which he can opt to take in a lumpsum or as an annuity. To meet the geographical distribution of pensioners, SBI has 16 CPPCs at all Local Head Office locations and one dedicated CPPC for Defence pensioners at Allahabad. This unit-linked plan from SBI Life comes with three active funds that offer a variable mix of risk and return and one discontinued policy fund. The Sum Assured carries an implicit guaranteed interest rate of at least 0.25% p.a. At the rate of 2.75% p.a. departments and various autonomous bodies for pension … In our endeavour to nation building, we have collaborated with Central Govt agencies (Defence, Railways, Postal, Telecom, Civil), State Govt. There is Guaranteed Simple Reversionary Bonus in this plan for first 5 years: The Guaranteed Bonus will be applicable only to in-force policies. For Ages  below 45 yrs : 10 X Annual Premium (AP), For Limited Premium Paying Term -  For All Ages - 20 X AP, For Single Premium – For All Ages - 5 X SP, Single /Yearly /Half-yearly /Quarterly / Monthly, Premium Allocation Charge for Limited Premium Paying Term, Lower of 6% X (AP or FV) subject to a maximum of Rs 6000, Lower of 4% X (AP or FV) subject to a maximum of Rs 5000, Lower of 3% X (AP or FV) subject to a maximum of Rs 4000, Lower of 2% X (AP or FV) subject to a maximum of Rs 2000, India's 1st IRDAI Approved Insurance Web Aggregator. The premiums paid are used over all of the fund options and switched as per the years remaining to the maturity/vesting of the policy. before the Annuity starts, the entire premium paid till date along with an interest rate of 0.25% p.a. All these CPPCs are controlled by Government Accounts Department, Mumbai and processing of pension is centralised at CDC-CPPC, Navi Mumbai.

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