SBI Investment Plans for 5 Years

The purpose of our life can be easily summed up into one word — happiness. One way to bring happiness into our lives is by working towards our ‘Life Goals’ through smart goal-based investments. Whether it is about buying a house, supporting your kid’s education, or securing wealth for life post-retirement – each of these life goals demands financial backing. SBI Investment Plans for 5 years, it’s an investment whose return is confirmed after 5 years.

Short-term savings are not sufficient to cap your life goals, and you need to invest for a long time to accomplish them. In simple words, Investment Plans are essentially financial instruments that help create sustainable wealth for the future.

Well, we all know that if there is an investment made by anyone he will definitely expect the return on the basis of the investment. And this is what SBI investment plans are for, we have a list of those plans who are the best plans and suitable for investing and in terms of return also. The good thing about this SBI plans list is “they are only for 5 years”, if you invest in these plans then you will not have to wait much for returns.

Benefits of Investment Plan

These plans have certain benefits and those benefits make them different, plan’s premiums are likely to support your financial condition and increase your monthly financial burden slightly more. But the return of these plans is making your burden zero in the future or after 5 years, the benefits of these plans are almost same.

1. Death Benefit
2. Maturity Benefit

These are two benefits that you will offer by every single SBI plan and are necessary for a term of assurance of customer, till getting the return of your investment these benefits are like a bonus for you and always remember one thing that any kind of insurance plan’s first priority is protecting you and your family.

Features of SBI Investment Plans

• Make the future better by lowing your burdens.
• Keep care of your investment and coverage of the plan.
• Low period investment with good returns.
• Offers security to you and your family against uncertainties and makes life precious.
• Multiple options to choose the best plans.

Various investment plans in India enable us to invest our savings into different money-market products in a disciplined and periodic manner to achieve our financial goals.

SBI 5 Year Investment Plan

In this context, we come with SBI Investment plans 2021,  in which you can invest for five years.

SBI Life Insurance 5 Years Plan

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. Smart Elite Plan

SBI Life – Smart Elite Plan is exclusively crafted for High Net-worth Individuals. It helps you to maximize your saving through market-linked returns and empowers you with great control in managing your investment portfolio. In this plan, you have to pay a premium for a limited term or single payment and get the option to choose from a wide range of funds with partial withdrawal from the 6^th policy year. It also provides you with a life cover.

Key Features and Benefits: –

• Maturity benefits: on the survival of the life insured till the maturity of the policy term, the fund value will be paid in a lump sum.
• Death benefits:
• For Gold option: the higher of sum assured less partial withdrawal or fund value payable.
• For the Platinum option: sum assured plus fund value is payable.

• Death benefits should be at least 105% of the total premium paid.

• In-Build Accidental Benefits: Accidental death or permanently disabled is also covered in the plan.
• Other Benefits: 4 varied fund options, you can invest to maximize returns.

2. Smart Privilege Plan

SBI Life – Smart Privilege Plan is a unit-linked, non-participating life insurance product. It gives you the flexibility to make multiple switches and premium redirection between eleven diverse funds with loyalty in addition to boosting your fund value. The plan also provided life insurance coverage, so your family is also protected.

Key features and Benefits: –

• Death Benefits: in case of unfortunate death of the life assured during the policy term, while the policy is in-forced the beneficiary will receive higher of the following: –

• Fund value as on the date of death intimation or
• Basic sum assured less Applicable Partial Withdrawal (APW) or
• 105% of the total Premium received up to the date of death less Applicable Partial Withdrawal (APW).
• Maturity Benefits: on the survival of the life assured up to maturity, and the fund shall be paid in a lump sum.
• Other Benefits: Loyalty Addition is a percentage of the average fund value over the 1^st day of the last 12 policy months before the date of its allocation, Loyalty addition chart is given below: –

• Option to invest in any 8 funds available.
• Avail switching, premium redirection, and partial withdrawal facilities under this policy.

3. Smart Wealth Builder plan, SBI Investment Plans

SBI Life – Smart Wealth Builder Plan is an individual, unit-linked, non-participating insurance plan that helps fulfill your financial and insurance objective. This product is specially designed for your life goal like higher education of your children, their marriage, wealth creation for a house, foreign travel or providing for old age, etc.

Key features and benefits: –

• Maturity Benefits: in case of survival of the life insured till maturity date, the fund value as a lump sum is payable. The provided policy is in force.
• Death Benefits: fund value as on the date of death intimation or sum assured less Applicable Partial Withdrawals (APW) if any; or 105% of Total Premium received up to the date of death less (APW) if any; whichever is higher is paid.
• Guaranteed Addition: Guaranteed addition is available at the end of the 10^th, 15^th, 20^th, 25^th & 30^th policy year, It helps you to boost fund value.
• Option to invest in 11 different funds.

SBI Life – Endowment Plans

Among SBI Life Insurance Plans, you can choose SBI Endowment plans

4. Shubh Nivesh Plan

SBI Life-Shubh Nivesh Plan is an individual, non-linked, participating life insurance-saving product. This plan protects you, your savings and comes with an option to leave a portion of your wealth for your children/grandchildren. You also have the choice of taking your benefits in the form of a regular income over a specified period of your choice.

Key features and benefits: –

• Death Benefits: the death benefits payable is a sum assured on death plus vested simple reversionary bonus plus terminal bonus.
• Maturity Benefits: on completion of the endowment term, the basic sum assured plus vested simple reversionary bonus plus terminal bonus is payable. Provided the policy is in force at the endowment term, you have the flexibility to opt for a deferred maturity payment option.
• Bonus: vested simple reversionary bonus plus terminal bonus is payable.
• Opt for riders to enhance policy benefits.
• Avail high sum assured rebate.

5. Smart Platina Assure Plan, SBI Investment Plans

Although this plan has an investment period of 6-7 years, it has very handsome returns, so if you are comfortable investing for some more years, then it is good to know about this plan.

This is an individual, not-linked, non-participating life endowment assurance savings product. It assures guaranteed returns with the advantage of paying a premium for a limited term. It gives your life cover with an Assured return.

Key features and benefits: –

• Maturity benefits: Guaranteed sum assured on maturity, i.e., the basic sum assured plus accrued guaranteed additions, provided policy is in force.
• Death Benefits: in the unfortunate event of the death of the Life Assured, Sum Assured on death along with accrued guaranteed additions, if any will be paid to the beneficiary for in-force policies only.
• Where Sum Assured on death is higher of 10 times the annualized premium or 105% of total premium paid up to the date of death.
• Other Benefits: Avail guaranteed additions^ of 5.00% to 5.50% at the end of each policy year.
• Pay for just 6 or 7 years and enjoy the benefits throughout the policy term of 12 or 15 years respectively.

SBI Life – Pension Plan

Among SBI Life Insurance Plans, you can choose SBI Pension plans

6. Saral Pension Plan, SBI Investment Plans

This plan helps you to meet your post-retirement financial need conveniently, with simple reversionary bonuses throughout the policy term for the in-force policy. There is a genuine concern about accumulating enough money to provide sufficient income to manage your lifestyle, medical cost, family expenses, etc.

Key features and benefits: –

• Bonus: simple reversionary bonus for the first five years.
• @2.50% for the first three policy year
• @2.75% for the next two policy years of the basic sum assured.
• Guaranteed bonuses will be acceptable only to in-force policies.

• Maturity Benefits: Basic sum assured or total premium received which is higher plus vested simple reversionary bonus plus a terminal bonus if any.
• Death Benefits: Total premium received up to the date of death accumulated plus vested simple reversionary bonus plus a terminal bonus, if any or 105% of the total premium received up to the date of death, whichever is higher, is paid.

SBI Life – Micro-Insurance Plan

Among SBI Life Insurance Plans, you can choose SBI Micro-Insurance plan.

7. Grameen Bima

You are the anchor of your family, and they look up to you for their daily needs and requirements. Needless to say, your presence ensures their comfort and well-being. Grameen Bima is a simple, hassle-free, individual, Not-Linked, Non-Participating Microinsurance Life Insurance Pure Risk Premium Product that provides financial security for your family in case of unfortunate death.

Key features and benefits: –

• Death benefits: in the unfortunate death of the life insured during the policy term, the nominee or beneficiary will receive the sum assured as a lump sum.
• The sum assured on death would be higher than the basic sum assured or 1.25 times of a single premium.
• Maturity benefits: there is no maturity benefit under this product.
• Surrender Benefits: surrender is allowed after the first year of cover because No surrender benefit is payable in the last year of the policy. The surrender value payable would be a single premium paid (exclusive of applicable taxes* 50%* Unexpired policy term/Total Term. Where a term is measured in completed months or unexpired term would be the total policy term in months less the completed number of months as on the date of surrender.

To know more about SBI Investment Plans and other Plans, you may visit our site here.
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