SBI’s Retirement Plans | Fusion - WeRIndia

Financial planning is vital in all stages of life to achieve financial goals.

Especially retirement plans are essential to live happily in the old age. The earlier you invest in them, the better you save.

Yet, better late than never. So, if you don’t you have any retirement plans consider any one of the below mentioned plans that are suitable to you.

Here are some retirement plans from State Bank of India:

SBI Life – Saral Pension plan has following features:

• The minimum age of entry is 18 years for this pension plan.
• The minimum age of vesting is 40 years. The maximum extended period is up to the age of 70 years.
• The maximum policy term is 40 years whereas the minimum is 5 and 10 years for single premium and regular premium respectively.
• The sum assured is ₹1,00,000.
• The minimum premium amount is ₹7,500 whereas no limit for the maximum premium amount.

 SBI Life – Retire Smart pension plan’s features are mentioned as below:

• The minimum age of entry is 30 years and the maximum is 70 years for this pension plan.
• The minimum age at vesting is 40 years and the maximum is 80 years.
• The minimum policy term is 10,15 to 35 years (both inclusive).
• The minimum premium amount is ₹2,500 per month for a regular premium option whereas it is ₹5,000 for a limited premium option. You can also pay the premium quarterly, half-yearly and annually. There is no limit for the maximum premium amount.

SBI Life – Annuity Plus retirement plan’s features are as follows:

• The minimum age of entry is 40 years and the maximum is 80 years.
• The policy term is lifetime.
• The minimum premium amount is ₹1,000 per month. You can also pay the premium quarterly, half-yearly and annually. There is no limit for the maximum premium amount.

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