Best SBI Investment Plans to Buy in 2024

No matter how much your earnings are, it is always advisable to invest your money to get great returns in the long run. By investing your hard-earned money in different financial instruments, you can create a corpus for the future and fund all your future needs. So, if you are looking for some of the best investment plans, listed below are some of the best SBI investment plans.

Features of SBI Investment Plans

Here are some of the features of SBI investment plans that you should know about:

• With SBI investment plans, you can multiply your savings in a hassle-free manner.
• SBI offers both mid-term and long-term investment options. So, depending on your requirements, you can choose a desired investment plan.
• You need to make your SBI investment plan goal-specific. For instance, if you want to get returns in a short period of time, then it makes sense to buy short-term investment plans.
• On investing in an SBI investment plan, you have the option to choose between different funds.

A List of SBI Investment Plan

Some of the investment plans that you can consider buying SBI are as follows:

1. SBI Life Saral Pension

The SBI Life Saral Pension as the name suggests is best to create a corpus for your retirement. An individual who is retired or is soon getting retire can thus invest in the SBI Life Saral Pension plan. It is a type of participating pension plan that provides a guaranteed bonus as well as a reversionary bonus. The minimum entry age of the SBI Saral pension plan is 18 years and the maximum entry age is 65 years. Moreover, the policy term of this plan can either be 10 years and get extended up to 40 years. The premium paying term is equal to the policy term when you buy the SBI Life Saral Pension plan. 

2. SBI Life Gramin Bima

The SBI Life Gramin Bima is an individual, non-linked, non-participating, microinsurance life insurance pure risk premium product. It is a low-risk investment plan and thus can be easily bought by low-risk investors. There are tax benefits also available with the SBI Life Gramin Bima plan as per section 80C of the Income Tax Act. 

3. SBI Life Smart Wealth Builder Plan

The SBI Life Smart Wealth Builder Plan is a type of ULIP that offers the benefits of both insurance and investment. When you invest in this plan, you can choose from 11 different funds available such as equity fund, growth fund, money market fund, corporate fund, bond fund, and others. Investors can even switch from one fund to another based on their requirements. However, it is important to note that only 2 free switches are available in the SBI Life Smart Wealth Builder Plan. The minimum entry for this plan is 2 years and the maximum entry age is 55 years. 

4. SBI Life Shubh Nivesh Plan

The SBI Life Shubh Nivesh Plan is a type of participating plan that is available in 3 different coverage options, endowment option, endowment with whole life option, and deferred payment option. The minimum entry age is 18 years and the maximum entry age for this plan is 65 years. 

5. SBI Life Smart Elite Plan

Another investment option available with SBI is the SBI Life Smart Elite Plan. It is a market-linked plan that offers the option to invest in 8 different funds. The minimum entry age for this policy is 18 years and the maximum entry age is 65 years. This plan offers returns after the 6th year of the policy. 

6. SBI Life Smart Privilege Plan

The SBI Life Smart Privilege Plan is best for those who wish to start investing at an early age. The minimum entry age for this plan is 13 years and it offers the benefit of both insurance and investment. During the policy term, you can switch from one fund to another when you buy the SBI Life Smart Privilege Plan.

Take Away

Thus, invest in any of the investment plans offered by SBI and pave the way for more savings. If you wish to know more about investment plans, you can contact us at InsuranceDekho.

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