Retire Smart
vs
Flexi Smart Plus

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  • Multiple sum assured options
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Retire Smart vs Flexi Smart Plus

Retire Smart

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 and also protects your funds from market volatility. Along with the life insurance cover, multiple fund options such as equity Pension Fund, Bond Pensi...

Flexi Smart Plus

SBI Life Flexi Smart Plus is a non-linked life insurance plan    This plan offers the required comprehensive life insurance cover along with investment opportunities. It is a participating variable insurance plan that allows the beneficiary to receive the sum assured or 105% of total premi...

PLAN DETAILS

Retire Smart


Flexi Smart Plus

Premium Including GST
Key Features
(Key features of the plan)
  • Protection After Retirement For Better Tomorrow
  • The Plan Offers Guaranteed Additions Available
  • Get The Tax Benefit On Premium Paid
  • Offers Surrender Benefit
  • Tax Benefits Available
  • 100% Guaranteed Returns
Plan Uniqueness
  • Guaranteed Benefits
  • Terminal Benefits
  • Advantage Option
  • Partial Withdrawal
  • Guranteed Death Benefit
  • Maturity Benefit
Plan Maturity age Maximum Maturity Age - 80 years Maximum Maturity Age - 65 years
Premium payment term 5/8/10/15 years Annual, half-yearly, quarterly & monthly
Plan Entry Age Minimum Age - 30 years Maximum Age - 70 years Minimum Age - 18 years Maximum Age - 60 years
Sum assured Rs 1 lakh to No limit 10 times annual premium
Premium payment frequency Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 10, 15, 30 years Minimum 5 years to Maximum 30 years
Claim Settlement Ratio (2023-24) Minimum Age- 30 year 98.39%

Know More About Plans

Overview

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 and also protects your funds from market volatility. Along with the life insurance cover, multiple fund options such as equity Pension Fund, Bond Pension Fund, etc. can gradually add to the growth of an investment.

SBI Life Retire Smart Plan provides single, regular, and limited premium payment options and secures the golden years of a policyholder's life by creating a retirement corpus through systematic investments during his/her earning time.

SBI Retire Smart Plan offers you a range of benefits including:

why-choose
  • Guaranteed Additions
  • Terminal Additions
  • Flexibility
  • Tax Benefits
  • Advantage Option
  • Multiple Premium Payment Options

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.