Lic Pension Plans vs Sbi Ulip Plans

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Lic Pension Plans vs Sbi Ulip Plans

COMPANY DETAILS Edit LIC Pension Plan

Lic Pension Plans

Edit SBI ULIP Plans

Sbi Ulip Plans

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

Rs 1 lakh to No limit

Annual Premiums Collected (2024-25)

Rs 1 lakh to No limit
Payout Options

Payout Options

-

Payout Options

-
Claim ratio

Claim ratio

Minimum Age- 30 year%

Claim ratio

Minimum Age- 14 year%
Solvency Ratio

Solvency Ratio

85 years

Solvency Ratio

70 years
Branches

Branches

Annual, half-yearly,

Branches

Annual, half-yearly,
Riders Available

Riders Available

10 to 30 years

Riders Available

10 to 30 years
Policy Term

Policy Term

10 to 40 years

Policy Term

10 to 30 years
Recommended Videos
3 Best LIC Pension Plans

3 Best LIC Pension Plans

Overview

LIC Pension Plan

LIC Pension Plans are designed to secure your future after retirement. These policies are ideal for senior citizens and those planning a secure future, ensuring they can continue to enjoy the best things in life. LIC (Life Insurance Corporation of India) is one of the oldest and most trusted insurance providers. LIC pension plans are developed after extensive research and have helped millions of senior citizens across the country. LIC Pension schemes are versatile, meeting the evolving needs of every generation. Currently, the Life Insurance Corporation of India offers 4 LIC retirement plans that provide a steady flow of income to individuals in their second innings of life post-retirement.

LIC Pension Plans ensure your insurance needs are met by offering:

  • Secure a regular income with LIC pension plans
  • Easy process
  • A good investment for corporate employees
  • Lifetime Payout

Riders

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SBI ULIP Plans

To cater to your wealth creation needs, SBI offers 8 ULIP plans. Unit Linked Insurance Plans are investment-cum-life insurance policies.

SBI Ulip Plans Plans

SBI Ulip Plans

SBI Life Insurance Company offers a range of insurance products, including life, health, motor, and travel insurance. The SBI Life Smart Elite Plan is...

Unique Features

  • 9 Investment Fund Choices
  • Switching Option Available
  • Surrender Policy Anytime

SBI Smart Elite Plan (Pros)

SBI Smart Elite Plan
  • 9 Investment Fund Choices
  • Switching Option Available
  • Surrender Policy Anytime

SBI Smart Elite Plan (Cons)

SBI Smart Elite Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Smart Elite Plan (Other Benefits)

SBI Smart Elite Plan
  • Death Benefits
  • Maturity Benefits
  • Fund Switching

SBI Smart Elite Plan (Eligibility Criteria)

SBI Smart Elite Plan
  • Minimum entry age: 18 years
  • Maximum entry age: 60 years
  • Maximum sum assured: 105% of premiums
  • Maximum policy term: 30 years

SBI Ulip Plans

SBI Life Smart Wealth Builder is an individual, unit-linked, and non-participating life insurance plan. It offers a dual benefit of insurance and inve...

Unique Features

  • Guaranteed Bonus During Policy Term
  • Free Look Period of 15 Days
  • 1 Free Partial Withdrawal

SBI Life Smart Wealth Builder (Pros)

SBI Life Smart Wealth Builder
  • Death Benefits
  • Maturity Benefits
  • Guaranteed Additions

SBI Life Smart Wealth Builder (Cons)

SBI Life Smart Wealth Builder
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Life Smart Wealth Builder (Other Benefits)

SBI Life Smart Wealth Builder
  • Guaranteed Bonus During Policy Term
  • Free Look Period of 15 Days
  • 1 Free Partial Withdrawal

SBI Life Smart Wealth Builder (Eligibility Criteria)

SBI Life Smart Wealth Builder
  • Minimum entry age- 7 years
  • Maximum entry age- 55 years
  • Maximum sum assured- 10* Annualized Premium
  • Maximum policy term- 30 years

SBI Ulip Plans

SBI Life Saral Maha Anand is a unit-linked, non-participating life insurance product that offers growth opportunities through capital market participa...

Unique Features

  • Accidental Death Rider Benefits
  • Availability of 3 Fund Options
  • No medical Examination Required

SBI Saral Maha Anand (Pros)

SBI Saral Maha Anand
  • Guaranteed Additions of up to 30%
  • Requires no medical examination
  • Flexibility to choose from 3 fund options

SBI Saral Maha Anand (Cons)

SBI Saral Maha Anand
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

SBI Saral Maha Anand (Other Benefits)

SBI Saral Maha Anand
  • Accidental Death Rider Benefits
  • Availability of 3 Fund Options
  • No medical Examination Required

SBI Saral Maha Anand (Eligibility Criteria)

SBI Saral Maha Anand
  • Minimum entry age - 18 years
  • Maximum entry age - 55 years
  • Minimum sum assured - Rs 10 x AP
  • Maximum sum assured - Higher of 20 x annualized premium
  • Maximum policy term - 30 years
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.