Shedding Some Light on the SBI Investment Plans for 5 Years

4 min read

 6 Popular SBI Investment Plans for 5 Years

One of the things in our life that matters the most is happiness. And happiness comes in abundance when everything is settled and well-managed. Whether it is the schooling of your kids or planning your retirement, everything should be properly managed, and it is also possible if your finances are managed. This is why you need to make investments so that you can get a good return. As far as investment is concerned, you can take a look at SBI investment plans for 5 years.

The best thing about these plans is that you have to put your money only for five years. You can expect a good return after five years. Here are some of the SBI investment plans mentioned below:

Name of investment plans Plan type Minimum entry age Maturity age Policy term
SBI Life –Smart Elite Plan ULIP 18 years 65 years 5 years
SBI Life – Smart Privilege Plan Unit-linked, Non-Participating Insurance Plan 13 years 70 years 5 years
SBI Life – Shubh Nivesh Plan Participating in Variable Insurance Plan 18 years 60 years 5 years
SBI Life – Smart Wealth Builder Plan Unit-linked, Non-Participating Insurance Plan 7 years 70 years 5 years
SBI Life – Saral Pension Individual, Non-linked, Participating, Saving Pension Plan 18 years 65 years 5 years
SBI Life – Grameen Bima Individual, Non-linked, Non-participating Microinsurance Life Insurance Plan 18 years 50 years 5 years

1. SBI Life – Smart Elite Plan

SBI Life – Smart Elite Plan is ideal for those people who fall into the category of a high-income group. The investors get complete autonomy in the decision of the funds in which they want to invest their money. This is basically a ULIP that comes with a maturity period of 5 years. The minimum age to buy this plan is 18 years, while the maximum age is 65 years. The returns offered by this plan depend totally on the market situation. And it is paid in a lump sum amount. Withdrawing money from this plan can be started from the 6th year of buying the plan. The benefits under this plan include a death benefit, accidental death, permanently disabled, 4 different fund options, etc.

2. SBI Life – Smart Privilege Plan

This is a non-participating plan, and to buy this plan, one has to be as young as 13 years old. Parents or guardians can buy this plan on behalf of their child who is at least 13 years old. The highest tenure limit of this plan is 70 years. It is a unit-linked plan. During the tenure of this plan, investor will be able to switch between several funds. The returns accumulated all through the tenure depend on the performance of the market. This means that while the plan is in motion, policyholder will not get any financial benefit that is in the form of dividends. The returns that policyholder gathers during policy term are again invested in the market. This is a great plan option for people who want to create wealth and insurance. Upon the maturity of this plan, the amount is paid in a lump sum amount.

3. SBI Life – Shubh Nivesh Plan

This SBI investment plan is a participating plan and you will get a maturity benefit. The returns that you gather over the years depending on the performance of the funds in the market. The minimum entry age for the plan is 18 years, while the maximum is 60 years.

This is also one of the endowment plans that protect the family of the investor. On the untimely demise of the investor, the beneficiary will receive a death benefit and revised bonus. Along with the cover plan, you can also get riders under SBI Life – Shubh Nivesh Plan.

4. SBI Life – Smart Wealth Builder Plan

The minimum age to purchase this plan is at least 7 years. This means parents or guardians of a 7-year-old child can buy this plan on his/her behalf. This is a great option for people who want to generate wealth. Among all the investment plans offered by SBI, this has the lowest entry age. Under this plan, income is generated for investors by investing funds in the market. However, the investors are not offered any dividends during the tenure. The maturity benefits depend on the performance of the market. The maturity benefit is paid in a lump sum.

During the period, in which the plan is in motion, funds can be withdrawn under certain circumstances. The amount that has been debited is then deducted from the sum assured. The sum assured is later paid to the investors as a maturity benefit. The investors can choose from the 11 different funds as per their choice.

Also Read : SBI General Insurance Company Limited

5. SBI Life – Saral Pension

This is one of the best investment plans in SBI targeted mainly for retired or soon to be retired individuals. The interest culminates throughout the tenure and the policyholder receives benefits after the term end. Despite being a pension plan, the minimum age to buy it is 18 years. Extra benefits can be received under this plan in the form of bonuses.

6. SBI Life – Grameen Bima

This is an absolutely hassle-free micro-insurance plan, which is also popular for being non-linked. Therefore, there is no need to be worried about the market performance. No maturity benefit comes with the plan. Also, you will be able to surrender the plan after one year of buying it. On surrendering the policy, you will get back the premium after taxation.

Now that you know about these plans, you can choose the one that suits you and buy one accordingly.

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Gayatri Prabhu, Head-Digital Business at Mahindra Insurance Brokers Limited (MIBL) is one those few digital leaders who has the width and depth that is required to execute an ROI driven holistic digital strategy. She cuts through the noise, identifies the critical levers and leads her team to successful execution of the defined strategy. Her core mantra to win new and retain existing customers is: understand the consumer behavior and craft experiences around it.

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