Retire Smart
vs
Smart Life Plan
- Choose your coverage tenure
- Multiple sum assured options
- Enhance coverage with add-ons
| PLAN DETAILS |
 Retire Smart |
 Smart Life Plan |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Uniqueness |
|
|
| Plan Maturity age | Maximum Maturity Age - 80 years | Maximum Maturity Age - 75 years |
| Premium payment term | 5/8/10/15 years | 6, 8, 10, 12, and 15 years |
| Plan Entry Age | Minimum Age - 30 years Maximum Age - 70 years | Minimum Age - 3 years Maximum Age - 55 years |
| Sum assured | Rs 1 lakh to No limit | Rs. 2,50,000 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 | 75 years less entry age of life insured |
| Claim Settlement Ratio (2023-24) | Minimum Age- 30 year | Minimum Age - 5 year |
|
SBI Life Retire Smart Pension Plan |
||
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:
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