SBI Pension Plan

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SBI Life Insurance Company is a joint venture between the State Bank of India and BNP Paribas Cardif. While the former Indian counterpart has a stake-holding of 74% of the company, BNP Paribas Cardif has a total holding of 26% of the company. According to the Brand Equity and Nielsen Survey conducted by the Economic Times in 2013, SBI life Insurance Company was voted ‘The Most Trusted Private Life Insurance Brand 2013’. The company works on its mission to emerge as the leading company which offers a comprehensive range of insurance products to customers and to ensure high standards of customer satisfaction through service efficiency. Being true to its mission, the company offers a wide range of products for everyone’s needs.

What are Pension Plans?

Plans which provide for annuity payouts after retirement of the individual are called pension plans. These plans come in two options called Deferred Annuity and Immediate Annuity. Under the first option, pension payouts start sometime after the accumulation phase where the individual is supposed to pay premiums to the company. In the event of death during the payment phase, a specified death benefit is paid by the company to the insured’s nominee. Under the second option of annuity, payments start immediately after the policyholder pays a bulk amount to the company and on his subsequent death, annuity payments simply stop.

SBI Life Pension Plans

SBI Life Insurance Company offers three different types of Pension Plans to individuals to help them plan for their retirement. The plans offer great benefits to the individuals for a worry-free retired life. Let us take a look at the different types of pension plans offered by SBI Life and the features and benefits of each of the plans in details.

SBI Pension Plan

Plan Type

Entry Age

Maximum Vesting Age

Policy Term

Minimum Annual Premium

Sum Assured

SBI Life - Saral Pension Plan

Traditional Participating Pension Plan

18 years – 65 years (for single premium)/60years (for regular premium)

40 years – 70 years

5years(single premium)/10years(regular premium) – 40 years

Rs. 7,500/-

Rs.1,00,000/-

SBI Life – Annuity Plus

Traditional Immediate Annuity Plan

40 years – 80 years

N/A

N/A- Single Pay

Depends on the chosen Sum Assured

Subject To Underwriting

SBI Life – Retire Smart

Unit Linked Pension Plan

30 years – 70 years

40 years – 80 years

10, 15 - 35 years

Rs.24,000/- (for regular pay),

Rs. 40,000/- (for limited pay)

Higher of (fund value + terminal bonuses) or 105% of the total premium paid

SBI Pension Plan – Overview

 

SBI Pension Plan Name

Features and Benefits

Eligibility Criteria

  • SBI Life Saral Pension Plan
  • Traditional SBI pension plan
  • This SBI pension plan participates in profits and declares bonus
  • On vesting, the chosen Sum Assured, Simple Reversionary Bonuses, Guaranteed Bonuses and Terminal Bonus, if any, is payable
  • Fund available on vesting under this SBI pension plan can be utilized to commute 1/3rd of the fund (tax-free) and the remaining used for annuities. Alternatively, insured can buy a single premium deferred annuity SBI pension plan
  • Vesting age can be postponed by insured if his age is 55 years or less
  • Death benefit is higher of total premiums paid growing at compounded rate of 0.25% p.a. till date of death or 105% of all premiums paid till death
  • Death benefit can be withdrawn in lump sum or used to buy an annuity plan
  • Guaranteed Bonuses added in first 5 years of plan at 2.5% of Sum Assured for the first 3 years and 2.75% in the next 2
  • SBI Life Preferred Term Rider can be added to base plan
  • Entry Age: 18 years (min); Regular Pay – 60 years / Single Pay – 65 years (max)
  • Vesting Age: 40 years (min) ; 70 years (max)
  • Policy Term: Regular Pay – 10 years / Single Pay – 5 years (min); 40 years (max)
  • Sum Assured: Rs.1 lakh (min); No limit (max)
  • Annual Premium: Rs. 7,500 (min); No limit (max)
  • Premium Payment Term: Equal to policy term or Single Pay
  • Premium Payment Frequency: Monthly, quarterly, half-yearly or yearly
  • SBI Life Retire Smart Plan
  • A unit linked SBI pension plan
  • This SBI pension plan offers market linked returns, Guaranteed Bonuses at 10% of annual premium from 15th year to end of policy term, and Terminal Bonus at 1.5% of Fund Value
  • On vesting, higher of the applicable Fund Value, Guaranteed Bonuses and Terminal Bonus, or 101% of total premiums paid are payable
  • On vesting, insured can withdraw up to 1/3rd of proceeds; remaining sum will be utilised to receive specified pension. Insured can opt to purchase a deferred annuity plan with the proceeds
  • Vesting age under the SBI pension plan can be postponed if policyholder is 55 years of age or less
  • Death benefit is higher of available fund value and terminal bonus or 105% of premiums paid
  • Death benefit can be withdrawn in lump sum or used to buy an annuity plan from SBI
  • Investments are managed under the Advantage Plan feature which systematically reduces risk exposure as the plan nears the vesting date
  • The SBI pension plan has 3 fund options under the Advantage Plan: Equity Pension Fund II, Bond Pension Fund II and Money Market Pension Fund II
  • Entry Age: 30 years (min); 70 years (max)
  • Vesting Age: 40 years (min); 80 years (max)
  • Policy Term: 10 years          (min); 35 years (max)
  • Sum Assured                : Rs. 1 lakh (min); No limit (max)
  • Annual Premium: Regular Pay – Rs. 24,000 / Single Pay – Rs. 40,000 (min); No limit (max)
  • Premium Payment Term: Equal to policy term or 10-15 years (Limited Pay)
  • Premium Payment Frequency: Monthly, quarterly, half-yearly or yearly
  • SBI Life Annuity Plus Plan
  • An Immediate Annuity SBI pension plan
  • Annuity is paid is paid immediately after the single premium is deposited with SBI Life
  • The SBI pension plan offers two annuity options: for single life or for joint life annuity. Both options are sub-divided into further payout options
  • Single life annuity payout options under SBI pension plan:
    • o Lifetime Income
    • o Lifetime Income with Capital Refund
    • o Lifetime Income with Capital Refund in parts
    • o Lifetime Income with Balance Capital Refund
    • o Lifetime Income with Annual Increase of 3% or 5%
    • o Lifetime Income with Certain Period of 5, 10, 15 or 20 years
  • Joint life annuity options include:
    • o Life or Last Survivor with 50% or 100% of income
    • o Life or Last Survivor with 50% or 100% of Income and Capital Refund
  • SBI pension plan investors may avail advance annuity payouts subject to certain terms and conditions
  • Accidental Death Benefit Rider available up to a maximum coverage of Rs. 50 lakh under SBI pension plan
  • Has a promise of higher rates of annuity payouts for higher premiums
  • Entry Age: 40 years (min); 80 years (max)
  • Purchase Price: Subject to annuity payout amount and annuitant’s age
  • Annual Payout Amount: Rs. 2,400 (min); No limit (max)
  • Annuity Payout Frequency: Monthly, quarterly, half-yearly or yearly

 

SBI Pension Plan – Details

SBI Life Saral Pension Plan

A traditional pension plan with the following features and offering the following benefits:

  • The SBI pension plan participates in the company’s profits and bonus is declared under the plan
  • On Vesting the chosen Sum Assured including the Simple Reversionary Bonuses and Guaranteed Bonuses accumulated during the term of this SBI pension plan and a Terminal Bonus, if any is payable to the policyholder.
  • The fund available on vesting under this SBI pension plan can be utilized in various ways. Commutation of 1/3rd portion of the fund is possible tax-free and the remaining portion will pay annuities. Alternatively, one can also buy a deferred annuity plan by paying a single premium
  • The vesting age can also be postponed by the policyholder of the SBI pension plan if he is aged 55 years or below. The maximum age to which the vesting can be postponed in 70 years
  • On death of the policyholder during the SBI pension plan tenure, higher of total premiums paid growing at a compounded rate of 0.25% p.a. till the date of death or 105% of all premiums paid till death is payable to the nominee
  • The death benefit can be withdrawn in lump sum or used to buy an annuity plan from the company
  • Guaranteed Bonuses are added in the first 5 years of this SBI pension plan. The rate of addition is 2.50% of the Sum Assured for the first 3 years and 2.75% of the Sum Assured in the last 2 years.
  • SBI Life Preferred Term Rider can be added to the base SBI pension plan to increase the coverage.

Eligibility Details

 

 

Minimum

Maximum

Entry Age

18 years

Regular Pay – 60 years

Single Pay - 65 years

Vesting Age

40 years

70 years

Policy Term

Regular pay - 10 years

Single Pay – 5 years

40 years

Sum Assured

Rs.1 lakh

No limit

Annual Premium amount

Rs.7500

No limit

Premium Payment Term

Equal to the policy term or Single Pay

Premium Payment Frequency

Monthly, quarterly, half-yearly or yearly

 

SBI Life Retire Smart Plan

A unit linked pension plan with the following features:

  • Besides market linked returns, the SBI pension plan also gives guaranteed additions to further increase the corpus
  • Guaranteed Additions accrue @10% of the annual premium from the 15th year of this SBI pension plan till the end of the term
  • Moreover, a Terminal Addition @1.5% of the Fund Value will be paid on the vesting date
  • On vesting, higher of the applicable Fund value including the guaranteed additions and terminal additions or 101% of total premiums paid by the policyholder under this SBI pension plan are payable
  • The vesting corpus can be withdrawn up to the extent of 1/3rd portion and the remaining proceeds will be utilized to receive the specified pension. A deferred annuity plan can also be purchased with the entire proceeds if needed under SBI pension plan
  • The vesting age can also be postponed by the policyholder if he is aged 55 years or below. The maximum age to which the vesting can be postponed in 70 years
  • On death of the policyholder during the tenure of the SBI pension plan, higher of the available fund value including terminal additions or 105% of the premiums paid till death is payable to the nominee
  • The death benefit can be withdrawn in lump sum or used to buy an annuity plan from the company by the nominees of the SBI pension plan policyholders
  • The investments are managed under the Advantage Plan feature which systematically reduces risk exposure as the SBI pension plan nears the vesting date to keep the investment secure
  • The SBI pension plan has 3 fund options under the Advantage Plan which are Equity Pension Fund II, Bond Pension Fund II and Money Market Pension Fund II

 Eligibility Details

 

 

Minimum

Maximum

Entry Age

30 years

70 years

Vesting Age

40 years

80 years

Policy Term

10 years

35 years

Sum Assured

Rs.1 lakh

No limit

Annual Premium amount

Regular Pay – Rs.24, 000

Single Pay – 40, 000

No limit

Premium Payment Term

Equal to policy term or limited pay for 10-15 years

Premium Payment Frequency

Monthly, quarterly, half-yearly or yearly

 

 SBI Life Annuity Plus Plan

This is an Immediate Annuity plan which has the following aspects:

  • The annuity is paid is paid immediately once the single premium is deposited with the insurer under the SBI pension plan
  • There are two annuity options under the SBI pension plan. The first option is for a single life and the second option is for a joint life annuity. Both the options are further sub-divided into further annuity payout options.
  • The annuity payout options under the Single Life Annuity option are:
    • Lifetime Income
    • Lifetime Income with Capital Refund
    • Lifetime Income with Capital Refund in parts
    • Lifetime Income with Balance Capital Refund
    • Lifetime Income with Annual Increase of 3% or 5%
    • Lifetime Income with Certain Period of 5, 10, 15 or 20 years
  • The annuity payouts under the second option of joint life annuity include:
    • Life or Last Survivor with 50% or 100% of the income
    • Life or Last Survivor with 50% or 100% of the income and Refund of capital
  • The policyholder of this SBI pension plan may avail advance annuity payouts in compliance with certain terms and conditions
  • An Accidental Death Benefit Rider can be availed under the SBI pension plan up to a maximum coverage of Rs.50 lakhs
  • The company promises higher rates of annuity payouts for higher premiums

Eligibility Details

 

 

Minimum

Maximum

Entry Age

40 years

80 years

Purchase Price

Depend on the annuity payout amount and the annuitant’s age

Amount of Annual Payout

Rs.2400

No limit

Annuity payout Frequency

Monthly, quarterly, half-yearly or yearly

 

Sample Annuity Rates

The following table shows the sample rates of annuity payouts against specific amounts of premiums for individuals of different ages

 

Age

45 years

55 years

Premium paid

Rs.250,000

Rs.250,000

Annual Annuity Pay-out

Rs.18,075

Rs.20,395

 

 National Pension Scheme SBI

The National Pension Scheme SBI refers to the NPS scheme launched by the Pension Fund Regulatory and Development Authority (PFRDA) to create a pension corpus, and which is managed by SBI through its subsidiary SBI Pension Funds Private Limited (SBIPFPL). The National Pension Scheme offers people in the 18-60 years age group the option to sign up for the plan and create a pension corpus for themselves in their retirement years.

SBIPFPL is one of the three pension fund managers appointed by PFRDA to oversee the pension corpus for government employees, and one of the six appointed to oversee the retirement corpus for citizens.

Salient features of National Pension Scheme SBI

  • National Pension Scheme SBI is regulated by Pension Fund Regulatory and Development Authority and managed by SBI
  • National Pension Scheme SBI is a voluntary scheme and allows any Indian citizen between the ages of 18 and 60 years to open a pension account
  • The National Pension Scheme SBI account holders will each receive a Permanent Retirement Account Number (PRAN) that will remain fixed throughout the premium payment and pension payment periods
  • Subscribers need to quote their PRAN in any National Pension Scheme SBI related matters including any correspondence or transaction
  • National Pension Scheme SBI, like all other NPS schemes, will offer investors the option to open Tier I or both Tier I and Tier II accounts
    • A Tier I account under National Pension Scheme SBI is a mandatory account that does not allow the investor to withdraw their money. This helps to build a large corpus with regular investments
    • A Tier II account can only be opened under National Pension Scheme SBI by individuals who already have a Tier I account. It is a voluntary account and investors can withdraw money from the account to take care of their requirements. Bank details are compulsorily required to open a Tier II account under National Pension Scheme SBI
  • Tier I account of National Pension Scheme SBI and other NPS schemes has the following requisites:
    • Account opening amount (min): Rs. 500
    • Contribution amount (min): Rs. 500
    • Account balance at year end (min): Rs. 6,000
  • Tier II accounts of National Pension Scheme SBI and other NPS schemes has the following requisites:
    • Account opening amount (min): Rs. 1,000
    • Contribution amount (min): Rs. 250
    • Account balance at year end (min): Rs. 2,000
  • If subscribers wish to open both Tier I and Tier II accounts at same time under National Pension Scheme SBI, then minimum investment amount is Rs. 1,500
  • Investors can contribute till they reach 60 years under National Pension Scheme SBI, and can stay invested till they reach 70 years, if they prefer
  • Subscribers can annuitize 40% - 100% of the pension corpus under National Pension Scheme SBI
  • Investors in National Pension Scheme SBI schemes can choose between three forms of investments:
    • High Risk and High Returns that mostly invest in equities
    • Medium Risk and Medium Returns that invest mostly in debt instruments
    • Low Risk and Low Returns that only invest in debt instruments
  • The investments are made in 8 pension funds:
    • SBI Pension Fund
    • DSP Blackrock Pension Fund Managers
    • HDFC Pension Management Company
    • ICICI Prudential Pension Fund
    • Kotak Mahindra Pension Fund
    • LIC Pension Fund
    • Reliance Capital Pension Fund
    • UTI Retirement Solutions Pension Fund LIC Pension Fund
  • National Pension Scheme SBI account holders can, like other NPS subscribers, opt for two forms of investment:
    • Active choice: Here investors can choose between the asset classes
    • Auto choice: The default option that invests the money according to the person’s age
  • Subscribers can use the designated Points of Presence (POP) to pay their amounts under National Pension Scheme SBI or undertake any transaction. SBI is one of the POPs designated by PFRDA
  • SBIPFPL charges an investment management fee of 0.01% pa to oversee National Pension Scheme SBI schemes
  • Documents needed to open a National Pension Scheme SBI account are:
    • Subscriber registration form duly filled
    • Identity proof
    • Address proof
    • Age or date of birth proof

Some Common Features of Pension Plans

  • Pension plans are offered both as a traditional plan or as a market linked insurance plan. While immediate annuity plans come only in the traditional variant, deferred annuity plans might be in any of the above-mentioned variant of traditional or unit linked plan
  • Pension plans do not allow the policyholder to withdraw the entire accumulated corpus. The plans pay pensions from the corpus which can be received yearly, half-yearly, quarterly or monthly. Pension payments are the only benefits which accrue from the plans. However, the plans do allow the policyholder to withdraw a maximum of 1/3rd portion of the corpus which is accumulated if the policyholder so desires. This withdrawal is called commutation and will not be subject to any tax under the provisions of the Section 10(10A). The rest of the corpus which is paid as annuity is taxable in the annuitant’s hands as it is treated as an income.
  • The premiums which are paid for Immediate Annuity plans are tax-free under Section 80CCC while the death benefit paid in respect of Deferred Annuity plans will earn tax exemption under Section 10(10D) as is common with other insurance plans.
  • Pension plans, both Deferred and Immediate Annuity plans, do not earn any bonus.
  • Immediate Annuity plans can be taken on a joint life basis. This means that both the annuitant and the spouse would become eligible to earn annuity payments from the company. The annuitant will be called the primary annuitant while the spouse will be the secondary annuitant. First, annuity payments will be paid till the life of the policyholder who is the primary annuitant and post his death, the payments will be made till the lifetime of the spouse who is the secondary annuitant.
  • While there is no death benefit option in the immediate annuity variety of pension plans, deferred annuity plans are eligible to have a death benefit. If the policyholder dies during the accumulation phase, a specified death benefit is paid to his nominee. This benefit depends on the company and the plan design offered by the company. The nominee has two options of dealing with the death benefit. The first option is that he takes the death benefit in one lump sum and chooses to use it as per his discretion. The other choice is to avail annuity from the proceeds payable on death. The nominee can avail annuity payments from the company on his own life without withdrawing the death benefit in lump sum.
  • Pension can be availed under both plan options either in the monthly, quarterly, half-yearly or annual mode as chosen by the policyholder.

Applying For A Pension Plan From The Company:

Online

The company offers specific plans which are available online only. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The premium will be determined using the filled details. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued

Intermediaries

Plans which are not available online can be purchased from agents, brokers, banks, etc. where the intermediaries help with the application process.

SBI Pension Plan - FAQ

1. How to pay premium? What are the modes of payment available?

There are 10 modes to pay your SBI Life Insurance premium namely:

  • Direct Remittance At SBI Life Branch By Post Or Courier
  • Electronic Clearing Service (ECS) – Mandate
  • Direct Debit
  • Standing Instruction On Your Credit Card
  • Online Payments
    • Through State Bank Group ATMs
    • Payment Through Visa Bill Pay.Com
    • Online Payment Of Premium Through SBI Life Website
  • Si-Eft For State Bank And Associate Banks’ Account Holders
  • Payment Through Point Of Sales (Pos) Terminals At Select SBI Life Branches
  • Payment Through Easy Access Mobile Application
  • Pay Premium In Cash At Authorized Collection Centres
  • Nach (National Automated Clearing House)

NACH is a newly launched service that works on the same principle as that of ECS, which requires filling in a form and getting registered before availing this facility.

2. How can I check policy status for SBI pension plan?

For checking your policy status online, login to e-portal . You need to enter customer ID, date of Birth and policy number. The details of the policy along with the status is displayed on the next screen.

3. What is the policy renewal process for SBI pension plan?

Renewal of policy can be done by the following modes:

  • Online
  • Through SMS
  • Through SBI Brach
  • By Cash

For renewal process, after login into your account, click on the ‘Renew Policy’ tab to proceed with premium payment.

Alternatively, you can renew the process by using the kiosk in the SBI ATM and select the option for renewal process.

4. What is the company’s process to settle claim for SBI pension plan?

The procedure for settling claim through SBI life Insurance requires intimating the nearest branch by submitting the list of documents as specified in the website. After the documents are verified, the claim is settled as soon as possible. In case one requires additional help or further clarifications, one can write to claims@sbilife[dot]co[dot]in

5. What is the policy cancellation process for SBI pension plan?

The policy cancellation process requires you to submit a duly filled surrender form along with relevant documents in the nearest SBI branch in your city. Upon receiving and verifying the documents, the policy is deemed cancelled as per bank accounts record. The premium refund is calculated on NAV value prevailing at the current market rate, if you submit the policy before 3:00 PM , else next day’s NAV value is applicable.

Reviews for SBI Pension Plan

TOTAL REVIEWS (25)
Prabhjot
Garifa
July 26, 2016

Trustworthy Plan

SBI pension plan is the insurance i have in low investment. Good service facilitate by sbi life insurance company members and executives. Plan can be online renewed by using easy few steps at website which can be operated by anybody.

Tanmay
Saidabad
July 26, 2016

Pension Scheme

My national pension scheme sbi is the best in market. Service is quick and benefits are many. Policy coverage is ~89% and claims are normal which can be easily sanctioned by the staff members. Easy renewal using online portal which can be operate by anyone. Very good insurance policy sbi life.

Harshit
Kiratpur
July 12, 2016

Pension Policy

My pension plan is very nice which secure my future. Policy covers maximum expenditures spent in future. The policy premium is less too and the claiming section is easy due to quick service facilitate by the members of company staff.

David
Ajmer
June 29, 2016

Good

The pension plan i have is good and the premium is low. Policy coverage is high and the claims are good. Service provided is fantastic facilitate by the company members. The internet service is easy to operate and everyone can easily access it.

Naveen
Varanasi
April 21, 2016

Fantastic

I own the sbi life insurance pension plans. The investment is low and the returns is huge. Policy coverage is high 96% and claims are even better. The service is awesome with very calm behaviour of executives and team. Good future investment and it saves taxes also.

Lovish
Udyapur
April 21, 2016

Perfect Plan

I have a pension policy plan like every one does. The policy is great with high returns and low premiums. Policy coverage is also nice ~ 92% and service is fast. Really good job guys, you policy is best, sbi life pension plans. Nice future investment which save taxes also.

Prashant
Kota
April 21, 2016

Super Policy

I found the best pension plan for old age with sbi life insurance . The plan is for my mom and she like the policy very much. The policy coverage is 88% and return is ~Rs.39 K per month. The service is good and the amount is directly transfer to mom bank account. I so stress free now.

Karan
Mussorie
April 21, 2016

Excellent Work

I got a very fine policy from sbi life insurance. Now, I'm tension free for future because of great pension policy plan. The coverage is good around 95%, service is great and fast too, even the claims are easily sanctioned because of the fine services provided by the executives and staff members. Great policy.

Raghav
Guwahati
April 21, 2016

Satisfactory

Recently took life insurance with sbi life insurance. Great retirement plans with low premiums and nice policy coverage ~93%. The service providers are cooperative and doing there jobs very nicely. Claims easy to get and time period is less. Nice deal, satisfied.

Chavi
Mumbai
April 21, 2016

Damn Good

I got pension plan from sbi life insurance. The policy coverage is ~91%. No doubt the service is good. The claiming experience is niuce. Good future investment with low premiums. The behaviour of executives and staff members are really very nice. Good work.

Bhavya
Roorkee
April 21, 2016

Average

My pension policy plan is suggestion of the friend, So i took it from sbi life insurance. Staff members and executives provide good and quick services. Policy coverage is good approx. 81% but the premiums are normal. Good terms in compare with other companies. Good future investment with tax saving.

Jiten
Ghaziabad
April 21, 2016

Fair Policy

SBI life pension plan i buy in very low premiums and the returns are high. Policy coverage are 88% and the claims are ~Rs.38 K per month. Service is fast and with nice behaviour by staff members. Good policy plan, i like it.

Harish
Kolkata
April 21, 2016

Above Average

I invest my money for my future with sbi life insurance. I have pension policy plan which has low premiums. Policy coverage is 84% and claims are around Rs.32 L. Service is good and executives behave well. Good future investment which save taxes too. Nice policy plan.

Jiten
Kaushambi
April 21, 2016

Good

I buy pension policy which has 89% policy coverage. Premium is low but the claim is high. Around Rs.39 K is the investment amount and the returning amount is Rs.40 L. Service is good and fast too. The response from executives and staff members is very nice.

Shyam
Delhi
March 11, 2016

risk

cover

Ajay
Indore
February 28, 2016

Policy coverage is good.

I have future secure with sbi life insurance pension plan which has great policy coverage i.e.,97% and the premium is 5999 annually for 30 years. Claims are easily clear due to fast service which is on time till now, rest see in future.
Plan Name: eWealth Insurance
Agent Code: BPW00249

Madhumathi
Bengaluru
February 27, 2016

above average.

I invest my money for my future with sbi life insurance. I have pension policy plan. Policy coverage is 80% and claims are around 20K. Service is good and executives behave well. Nice policy plan.
Plan Name: eWealth Insurance
Agent Code: BBE04737

Binod
Delhi
February 27, 2016

Nice Future Plan.

I invest my money with sbi life insurance by taking pension policy plan. Plan is good and the premium is less. Policy coverage and claims are high. The payback returns are ~28 K per month after policy get mature.
Plan Name: eWealth Insurance
Agent Code: BBE04737

Rajeev
Lucknow
February 25, 2016

Good Future Investment.

I recently buy sbi life insurance pension plan. Policy is really good with good coverage. Claims are high approx. Rs.20 K per month. Premium is 4899 for 15 years. Service is quick that's the best part of the policy.
Plan Name: eWealth Insurance
Agent Code: BPW00249

Phani
Hyderabad
February 20, 2016

Great Service.

My policy has good claims and policy coverage is 80%. Investment is ~Rs.4000 and the payback amount is Rs.16000 per month. The premium is low and payed for minimum 20-30 years. SBI life insurance pension policy plan is good and i'm happy with it.
Plan Name: eWealth Insurance
Agent Code: BBE04737

Sanjay
Korba
February 20, 2016

Average Services.

I have sbi life insurance pension policy plan with slow services. The policy coverage is less and the claim is also low. The premium is high and the executive of the company is not normal. Frustrating policy with bad behaviour.
Plan Name: eWealth Insurance
Agent Code: BBE04737

Sandeep
Delhi
February 19, 2016

Good coverage.

I have good pension plan with sbi life insurance. The policy coverage is high approx. 90%. Claims are 22000 per month after policy end. Service is fast and daily updates are texted to me. Enjoy your services, good work keep it up.
Plan Name: eWealth Insurance
Agent Code: BPW00249

Rohit
Bengaluru
February 19, 2016

Good Policy Plan.

I purchase sbi life insurance pension plan. Plan is good with nice services and always on time. Policy coverage is 80-90% and the claim is of Rs.19000 per month after policy ends. Investment is low and returns are high, what else customer needs.
Plan Name: eWealth Insurance
Agent Code: BBE05217

RAMESH
Delhi
February 15, 2016

Old age security.

I have a policy for pensions in old age. The policy is great with high returns and low premiums. Policy coverage is also nice and service is fast. Really good job guys, you provide best sbi life insurance pension plans. I like it.
Plan Name: eWealth Insurance
Agent Code: BPW00249

Hridayanand
Guwahati
February 04, 2016

"Good"

Buy insurance from SBI Life Insurance. Admit in the hospital for more than one day then can claim and the SBI Life Insurance reimburse the complete amount. Dental related problems are not covered and few other things are also not covered on the health insurance. Good pension plan and great services.
Plan Name: eWealth Insurance
Agent Code: BPW00249