SBI: State Bank of India : SBI Bank is offering a plan to provide pension after retirement. The same SBI Life Simple Pension. With this plan you can live a cool life even after retirement. In addition to the savings on this plan, you will also receive interest and bonuses. With this, life goes on very comfortably after retirement. SBI Life Simple Pension is a non-participating, linked savings and protection scheme. It provides the necessary financial protection during retirement.
Anyone between the ages of 18 and 65 can take this plan. This is a regular premium, single premium plan. The basic sum insured is Rs.100000. The annual premium is Rs.7500. You are getting a guaranteed bonus on this plan. Receives a reversionary bonus guaranteed for five years. The bonus is 2.5 per cent and 2.75 per cent respectively. Also this plan pays more than the basic amount even after the plan maturity expires. Or total premiums plus a total interest rate of 0.25%, Simple Reversionary Bonus and Terminal
SBI Saral pension scheme Details
Beneficiary is entitled to Death Benefit even if the policyholder dies. In addition to the premiums paid, the Death Benefit receives 0.25% interest plus a self-made regular reversionary bonus and a terminal bonus. The scheme also offers the facility of choosing life cover by paying an additional premium. Also the policy can be surrendered when required. However, there are charges under regular premium policy and single premium policy. If you are unable to pay the premium on time, the policy can be easily renewed if you submit a written application within five years from the date of non-payment of the premium.
SBI Life Pension scheme
Under this plan there is a grace period of 30 days from the due date of the premium under the annual and semi-annual premium payment scheme. There will be a grace period of 15 days in case of monthly premium payment. If the policy terms and conditions are not satisfied, the policy offers a free look period of 15 days. It is also possible to easily cancel the policy during this period. Payments will be refunded after certain exceptions. As well as all these benefits the scheme also gets tax deductible benefits as per the income tax returns. In order to apply for this pension plan, ID, address and age and income certificates are required. You can apply by going to the nearest SBI Bank.
Bank representatives can be contacted by mail at Fino Payments Bank can become a "mini bank" from where we are through the merchant account they provide. Through this "Fino Mini Bank" we can all do all the things that a bank can do. You can do things like deposit money in the account, withdraw, pay various bills, pay off loans, book tickets, open bank accounts and transfer money to other accounts. Fino Bank gives us an attractive commission for every transaction we make through this mini bank. The more transactions we make, the higher the commission. If you already have a shop, you can set up a "Fino Mini Bank" while running that shop and earn extra money.