Sbi Pension Plans vs Acko Life Insurance Company

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Sbi Pension Plans vs Acko Life Insurance Company

Sbi Pension Plans

Acko Life Insurance Company

Acko Insurance is a private sector general insurance company in India. Founded in November 2016, the company received its license from the Insurance Regulatory and Development Authority of India in September 2017

COMPANY DETAILS Edit SBI Pension Plans

Sbi Pension Plans

Edit Acko Life Insurance Company

Acko Life Insurance Company

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

Rs 1 lakh to No limit

Annual Premiums Collected (2023-24)

587 crore
Payout Options

Payout Options

-

Payout Options

-
Claim ratio

Claim ratio

Minimum Age- 30 year%

Claim ratio

99.38%%
Solvency Ratio

Solvency Ratio

85 years

Solvency Ratio

2.2
Branches

Branches

Annual, half-yearly,

Branches

-
Riders Available

Riders Available

10 to 30 years

Riders Available

Accidental Death Benefit Rider, Accidental Total Permanent Disability Benefit Rider, Critical Illness Rider, Waiver of Premium Rider, Income Benefit Rider
Policy Term

Policy Term

10 to 40 years

Policy Term

1 to 40 years

Know More About Companies

Overview

SBI Pension Plans: Overview

SBI Life Pension plans are comprehensive retirement cum investment plans which help to build a corpus over a longer tenure to live a financially secure life after retirement.

Those individuals who participate in the SBI Pension Plan get annuity payments once they retire. SBI offers two main types of pension plans: delayed annuity and instant annuity. Let's take a look at the SBI Life Pension plans in detail.

SBI Pension Plans ensures to look after your investment needs by offering:

why-choose
  • Multiple Premium Payment Options

  • Death Benefits

  • Guaranteed Income

  • Riders Availability

Riders

Riders You Can Avail With Acko Life Insurance Plans

You can avail of the following riders with your Acko life insurance plans.

Name of the rider Benefits
Acko Accidental Death Benefit Rider Offers additional benefits in case of the policyholder’s death due to an accident.
ACKO Life Accidental Total Permanent Disability Benefit Rider This rider offers sum assured in case the policyholder becomes partially or totally disabled due to an accident.
ACKO Life Critical Illness Benefit Rider In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure, then rider benefits are paid to them.

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SBI Pension Plans Plans

SBI Pension Plans

SBI Life Retire Smart Plan is a unit-linked non-participating pension plan that guarantees 101% of all premiums paid by the policyholder on maturity a...

Unique Features

  • Protection After Retirement For Better Tomorrow
  • The Plan Offers Guaranteed Additions Available
  • Get The Tax Benefit On Premium Paid

SBI Retire Smart (Pros)

SBI Retire Smart

SBI Retire Smart (Cons)

SBI Retire Smart

SBI Retire Smart (Other Benefits)

SBI Retire Smart

SBI Retire Smart (Eligibility Criteria)

SBI Retire Smart
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.