SBI Investment Plans for 5 Years

You may adopt a habit to save a proportion of your income, but it does not provide handsome returns and may be able to meet only your short-term needs only. On the other hand, investing your money provides returns and help to grow your wealth as well, that in turn will help you to achieve your goals at different stages of your life.

In this article, we are providing you with key insights about SBI investment plans, in which you can invest for 5 years.

SBI Life – ULIP Plans

Among SBI Life Insurance Plans, you can choose SBI ULIP plans to invest your hard earned money and maximize returns.

1. SBI Life – Smart Privilege Plan

SBI Life – Smart Privilege Plan is a non-participating unit linked life insurance plan that offers you the option to invest in eight different funds. Loyalty additions in this plan help to boost the fund value. This plan also provides life insurance coverage, so your family is financially protected.

Key Features & Benefits

  • Death Benefit: In the event of death of the life insured during the policy term, the higher of Sum Assured or Fund Value is payable.
  • Maturity Benefit: On survival of the life insured till the end of the policy term, Fund Value is payable.
  • Loyalty Additions: Loyalty Addition is a percentage of the average fund value over the 1st day of last 12 policy months before the date of its allocation. Loyalty Additions is 1%/2.5%/3.5%/5%/6%/7% on the last day of the 6th/10th/15th/20th/25th/30th policy year, respectively.
  • Option to invest in any 8 funds.
  • Avail switching, premium redirection & partial withdrawal facility under this policy.

2. SBI Life – Smart Wealth Builder Plan

SBI Life – Smart Wealth Builder Plan is a non-participating unit linked life insurance plan that helps fulfill your financial & insurance objectives. Under this plan, you can avail Guaranteed Additions that help to boost your investment. You can also customize the plan to suit your investment objectives.

Key Features & Benefits

  • Death Benefit: In the event of death of the life insured during the policy term, the higher of Sum Assured or Fund Value is payable, provided the policy being in-force.
  • Maturity Benefit: In case of survival of the life insured till maturity of the policy, the Fund Value as a lump sum is payable. There is also an option to take maturity benefit in installments through settlement option.
  • Guaranteed Additions: Guaranteed Additions is available at the end of 10th, 15th, 20th, 25th & 30th policy year. It helps to boost the fund value.
  • Switching and partial withdrawal are available.
  • Option to invest in 7 different funds.

3. SBI Life – Smart Elite Plan

SBI Life – Smart Elite Plan is a non-participating unit linked life insurance plan that is designed for customers who like to pay premium for single or limited term and stay invested and protected for the long term. You have the flexibility to choose from 2 plan options as per your needs.

Key Features & Benefits

  • Death Benefit: In the event of death of the life insured,
  • For Gold Option: The higher of Sum Assured less partial withdrawals or Fund Value is payable.
  • For Platinum Option: Sum Assured plus Fund Value is payable.
  • In-Built Accidental Benefit: Accidental death or permanent disability is also covered under this plan.
  • Maturity Benefit: On survival of the life insured till maturity of the policy term, the Fund Value is payable as a lump sum.
  • Death Benefit should be at least 105% of the total premiums paid.
  • 4 varied fund options, you can invest to maximize returns.

4. SBI Life – Flexi Smart Plus Plan

SBI Life – Flexi Smart Plus Plan is a participating ULIP plan that makes sure that you can achieve goals at different stages of your life. This plan takes care of your savings by assuring guaranteed minimum bonus interest rate through the entire policy term. You can also choose from Gold Option and Platinum Option, under this policy.

Key Features & Benefits

  • Death Benefit: In the event of death of the life insured,
  • For Gold Option: The higher of Policy Account Value, Sum Assured less partial withdrawals, or 105% of the total premiums paid, is payable.
  • For Platinum Option: Higher of Sum Assured plus Policy Account Value or 105% of the total premiums paid, is payable.
  • Maturity Benefit: On survival of the life insured till the end of the policy term, the Policy Account Value including terminal bonus interest rate as on the maturity date is payable.
  • Guaranteed Bonuses are applicable under this policy.
  • Avail partial withdrawal from 6th policy year onwards.

SBI Life – Endowment Plans:

5. SBI Life – Shubh Nivesh Plan

SBI Life Shubh Nivesh Plan is a with-profit Endowment Assurance plan that helps you to provide savings, regular income and insurance cover to you & your family. This plan helps you save regularly plus you also have the option to receive the maturity amount as a lump sum or as a regular income for a chosen period. Under this plan, you can opt for 5 year policy term with the single premium payment option.

Key Features & Benefits

  • Death Benefit: The death benefit payable is Sum Assured on Death plus Vested Simple Reversionary Bonuses plus Terminal Bonus.
  • Maturity Benefit: On completion of the endowment term, Basic Sum Assured plus Vested Simple Reversionary Bonuses plus Terminal Bonus is payable, provided the policy is in-force. At the end of the endowment term, you have the flexibility to opt for Deferred maturity payment option.
  • Bonus: Vested Simple Reversionary Bonuses and Terminal Bonus are payable.
  • Opt for riders to enhance policy benefits.
  • Avail high sum assured rebate.

To an end, You must have understood the key features & benefits of SBI Investment Plans available with 5 year policy term. Now, you only need to assess your financial goals and choose investment plan(s) to suit your needs.

Harjot Singh Narula

Harjot Narula is founder and CEO of ComparePolicy.com, an IRDAI approved insurance web aggregator focussed on selling online insurance for companies. Harjot has more than a decade of experience in software development and has also spent 5 years in US working for the mortgage and risk management industry.

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