Best 6 SBI Investment Plans for 5 Years, 2022 in India

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.

6 Popular Investment Plans for 5 Years in SBI

1. SBI Life – Smart Elite Plan

2. SBI Life – Smart Privilege Plan

3. SBI Life – Shubh Nivesh Plan

4. SBI Life – Smart Wealth Builder Plan

5. SBI Life – Saral Pension

6. SBI Life – Grameen Bima

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.

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.

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.

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.

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.

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.

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