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Retire Smart vs Icici Pru Signature Plan

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Retire Smart vs Icici Pru Signature Plan

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...

Icici Pru Signature Plan

ICICI Pru Signature is a ULIP that combines life cover with wealth creation, helping you protect your family while growing your investments. It provides flexible Wealth Boosters, fund options, Value Benefits, and return-of-premium allocation charges. It adapts to changing life stages, providing disc...

PLAN DETAILS

Retire Smart


Icici Pru Signature Plan

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
  • Life Cover
  • Wealth Boosters
  • Return of Premium Allocation Charges
Plan Uniqueness
  • Guaranteed Benefits
  • Terminal Benefits
  • Advantage Option
  • Return of Premium Allocation Charges
  • Systematic Withdrawal Plan (SWP)
Plan Maturity age Maximum Maturity Age - 80 years 99 years
Premium payment term 5/8/10/15 years Single, Yearly, Half-Yearly, and Monthly
Plan Entry Age Minimum Age - 30 years Maximum Age - 70 years 0-70 years
Sum assured Rs 1 lakh to No limit 0-39 years- 1.25 X Single Premium 40 and above 40 years- 10 X Single Premium
Premium payment frequency Annual, half-yearly, quarterly & monthly Single, Yearly, Half-Yearly, and Monthly
Plan Sample Premium - ₹5,00,000 p.a.
Plan Brochure Brochure URL Brochure URL
Policy tenure 10, 15, 30 years 10 to 30 years
Claim Settlement Ratio (2024-25) Minimum Age- 30 year 99.3%
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SBI Life Retire Smart Pension Plan

SBI Life Retire Smart Pension Plan

Know More About 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 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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