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SBI ulip pension plan . If I invest 6 lakhs per year for 5 years what will be the pension amount I will get and from when I will get
Hi Prem, SBI Life Retire Smart is a Unit linked pension plan which invests in Advantage fund (investing in higher risk equity funds initially and systematically transfering the investments to less riskier funds towards maturity). The policyholder can buy an immediate annuity (pension starts immediately) or deferred annuity (pension starts at a later date) after vesting of this policy. The minimum policy is term is 10 years and the minimum vesting age is 40 years. So, if you purchase the policy at the age of 30 years (minimum age of entry into the plan), you can start pension at the age of 40 years after vesting.
For specific details around the amount you wish to invest and the pension you can get after completing the policy term, we are arranging a callback got from one of our investment advisors.
You can also find more details about the plan here: SBI Pension Plan
