SBI Life's - Smart Pension - 9440557921

SBI Life -Smart Pension, a unit linked deferred pension plan. With the changing social and economic environment, shifting individual and family needs, it is advisable to follow a dynamic retirement planning process to improve the probability of success of your retirement plan. A unit linked deferred pension plan, which offers you the flexibility to provide for all your retirement goals at one go or as per your convenience, spread over a period of time. What’s more, it provides you a minimum guaranteed return on the gross premiums paid.
Key Features:
•	Enjoy the benefit of guaranteed amount at maturity or vesting
•	Option to avail pension by paying only one single premium.
•	Phase your retirement income - You have an option to take multiple single premium Policies, at lower costs.
•	Freedom to avail different annuity options.
•	Tax benefits as per the prevailing tax laws.
Special Features
•	Guaranteed# Amount:
•	The product offers you a minimum guaranteed return of 4.5% per annum (on gross premium), applicable for this financial year 2010-11, for all premiums received up to March 31, 2011.
•	Starting from 1st April 2011, every year the guaranteed interest rate shall be 50 basis points above the average of the reverse repo rate prevailing as on the last working day of June, September, December and March of the previous financial year.
•	Phased retirement income:
•	You have an option to take multiple single premium Policies, whenever you have lump-sum money available. This would help you to match the inflating pension required after your retirement.
•	You have an option to take multiple single premium Policies, whenever you have lump-sum money available. This would help you to match the inflating pension required after your retirement.
•	You will get the added advantage of a spread of annuity rates prevailing over a period and avoid unfortunately getting locked into a low annuity rate at a single point.
•	As a special benefit for loyal customers, we would be capping the overall policy administration charges to Rs 100 per month, irrespective of the number of policies you have opted for under single life.