SBI Life: The best plan from SBI.. If you join, you will get a pension of Rs. 50 thousand per month.. Here are the full details..!
MSN November 14, 2024 10:13 AM
SBI Life: State Bank of India (SBI), the country's largest government bank, provides banking services in various sectors. One of them is life insurance. SBI Life offers various schemes. It provides insurance benefits as well as savings benefits. It also offers annuity plans for those who want a steady income after retirement. One of the best plans is SBI Life Smart Annuity Plus Plan. Providing double benefits with single premium. Monthly pension is provided. In this, you can receive pension from Rs.50 thousand to Rs.1 lakh. Now let's find out what to do about it. According to the official website of SBI Life, SBI Smart Annuity Plus Pension Plan is an individual, non-linked, non-participating, general pension plan. It has two types of options. Annuity Deferred Scheme provides immediate annuity benefits.
If you choose immediate annuity, you will get pension from the next month of investment. If the deferred option is chosen then the pension will start from the time specified by you. Also there are joint life options. Pension can be received from the age of 30 through annuity options. Those opting for deferred annuity will get pension from 45 years.
What should be done to get a pension of Rs.50 thousand per month?
If you also want constant monthly returns then you can opt for this SBI Life Annuity Plan. It requires a huge investment at once. The pension you get is determined based on your investment. More investment means more investment. According to the SBI Life website annuity calculator, it is possible to get pension monthly, three months, six months and one year. This calculator will tell you how much to invest for that. For example, if you want to get a pension of Rs.50 thousand per month, then you can pay a lump sum of Rs. 78 lakhs will have to be invested. In this, the interest and some of the principal are paid in the form of pension. Apart from that, if you want to invest after maturity while giving you pension, you have to invest up to Rs.95 lakhs. Suppose you want to get a pension of Rs.1 lakh per month. Then you have to pay a single premium of Rs.1.55 crores. That is, if you want to recover your investment while getting a pension of 1 lakh per month, you will have to invest Rs.1.88 crores. Thus the pension you get will be based on your investment. However, before investing money, one should know all the details completely.
