SBI RetireSmart Pension Scheme[Explained]

  • Retire smart- the features of this plan are-
    1. The fund value is boosted through guaranteed addition of up to 210% of annual premium.
    2. Guaranteed additions of 10% annual premium are paid regularly.
    3. Get terminal additions of 1.5% of fund value.
    4. This plan guarantees a minimum of 101% of all premium paid on the maturity.
    5. A guarantee of minimum 105% of all premiums paid on death.
    6. It has option to pay premium regularly.
    7. It also has flexibility to postpone your vesting age.

The other features of this plan are-

Age^ at Entry Minimum: 30 years Maximum: 70 years
Age^ at Maturity/Vesting Minimum: 40 years Maximum: 80 years
Policy Term 10, 15 to 35 years (both inclusive)
Premium Paying Term Regular Premium – Same as policy term
Limited Premium
5/8 years – Policy Term of 10 years
5/8/10/15 years – Policy Term of 15 – 35 years (both inclusive)
Premium Frequency Yearly / Half-yearly / Quarterly / Monthly
Minimum Premium Amounts (x 100)
Premium Frequency Regular premium Limited Premium
Yearly Rs. 24,000 Rs. 40,000
Half yearly Rs. 15,000 Rs. 20,000
Quarterly Rs. 7,500 Rs. 10,000
Monthly Rs. 2,500 Rs. 5,000
Maximum Premium Amount (X 100) No limit



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