Any feedback on SBI LIFE pension schemes ??
May 28, 2016
By: madhu2k1234
0 Answers
Recently i visited SBI branch and they introduced me to SBI Life isurance agent . The agent told me about a plan and I am planning to invest in SBI Life Retire Smart plan .. with Half yearly payment of 1 Lakh for 5 years payment term.The Agent told me that i will be getting pension from 6th year onwards of Rs.10,000 per month .I am new to this , can any body advise … Please help…. How reliable is SBI Life and this policy ?
4 Answers
Please dont buy SBI life. Instead buy mutual funds or invest in stocks.
Feb 01, 2023
By: Ar2013
Hi, This type of policy is short term investment of 5 years tenure with 10 premiums of 1l i.e total investment 10 l, if 10000 p.m is payable works out to be 12% Pa returns. As per present rules,gaurented benefit is 4% on lower side. Pl ensure that policy contains specific benefits payable & lumpsum amt payable after annuity period is over.
Dec 21, 2018
By: kolarkrishnamurthy
Thanks for the answer but can u explain if you are aware of any difficulties or incidents related to SBI Life insruance or pension plans ?
Jan 08, 2017
Never buy SBI life insurance product. It is totaly fraud.
Jan 06, 2017
By: patelhardikece
i have sbi life smart wealth assure policy its able to partical withdrawl and interval details
Sep 03, 2012
By: kms_3037