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Retire Smart vs Lic

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Retire Smart vs Lic

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...

Lic

Jeevan Akshay- VII (Table No. 857) is a single premium, non-linked, and non-participating immediate annuity plan. It pays annuity or pension to the policyholder on annuity age. The annuity plan also allows joint life cover. The plan provides annuity payments of a stated amount throughout the lifetim...

PLAN DETAILS

Retire Smart


Lic

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
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Guaranteed Benefits
  • Terminal Benefits
  • Advantage Option
  • Annuity Options
  • Loan Facility
  • Guaranteed Annuity Rates
Plan Maturity age Maximum Maturity Age - 80 years Maximum Maturity Age - Whole life
Premium payment term 5/8/10/15 years -
Plan Entry Age Minimum Age - 30 years Maximum Age - 70 years Minimum Age - 25 years Maximum Age - 100 years
Sum assured Rs 1 lakh to No limit Rs 1 lakhs to No limit
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 term - 5 years Maximum term - Whole life
Claim Settlement Ratio (2024-25) Minimum Age- 30 year 98.5%
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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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