Well, youth is a good time to enjoy life. But, have you ever thought that what can happen in life after retirement ?
How are you planning to pay taxes and have a steady monthly income ? If you haven’t thought about these questions yet, now is the right time.
The wisest thing to do during your prime working years is to plan for your retirement and save for it. .
According to the American Psychiatric Association, more than 70% of adults worry about finances. It causes a mental breakdown and ruins the physical health of a person. Did you know that stress about finances can also lead to headaches, diabetes, insomnia and more?
Retirement without proper planning is bound to bring such issues. Therefore, the best way to plan and save for your retirement is to buy an insurance plan that allows you to live stress-free in your pre-retirement and post-retirement years
. With a proper insurance plan, you will get a monthly income even after retirement. With your savings, you can reduce your taxable income after retirement. Today you can enjoy better relationships with your spouse and family when you are stress free. You can enjoy life without having to depend on your kids and avoid running out of cas.
To help you meet your needs, State Bank of India (SBI) Life Retire Smart Plan offers some great features and benefits. . Read more at: https://www.fincash.com/l/hi/insurance/sbi-life-retire-smart
To help you meet your needs, State Bank of India (SBI) Life Retire Smart Plan
offers some great features and benefits.. Read more at:
SBI Life Retire Smart It is a unit-linked non-participating pension plan that provides guaranteed returns. It offers both life insurance cover and multiple fund options to help your investments grow. SBI Life Retire Smart Fund has been performing very well over the years.
1. Guaranteed Additions With SBI Life Retire Smart you will be guaranteed up to 210% annual premium . This addition will start from the 16th year of the policy till maturity.
2. Maturity On maturity, you will get 1.5% of the terminal value plus the higher of the fund value as on the date of maturity. Or you will get 101% of the total premium paid.
3. Death Benefit In case of death of the insured, the heir/nominee will receive terminal benefit or higher value including 105% of the total premiums paid. The insured will receive the entire amount as a lump sum or the amount can be used to buy another annuity plan.
4. Free Look Period SBI Life Retire Smart Plan comes with a free look period of 15 days. If you want, you can cancel your plan and get a refund.
5. Surrender Benefit The plan comes with a lock-in period of 5 years. If you want to surrender with a lock-in period, the money gets to move to a closure policy and is paid out after a tenure of 5 years. However, if you surrender the scheme after five years, you will get the fund value immediately
