"Unit Plus II Pension Plan" is an innovative scheme launched by SBI Life Insurance, the only new age insurance company to get the coveted "AAA"rating from CRISIL and ranked No.1 in terms of business growth during
2006-07 and also rated as the most transparent insurance brand in the country. The product launched on 15th Feb. 2007 has become flavour of the season among HNIs and NRIs, by virtue of its superlative performance (growth of over 100% in just 9 months from launch date, a splendid market beating performance) & hybrid product features (combines best features of Mutual Fund+Tax Plan+Pension Plan+ (optional)Insurance Plan.
A product ideal for HNIs and NRIs, who are on the look out for an investment avenue which gives them attractive returns with the flexibility of a Mutual Fund and also those who don't have a structured pension plan offered by their employer. For
those who can afford a lump sum investment, SBI Life has "Single Premium
-Pure Pension Plan" , which assure you the highest possible yield.
Product Highlights
An innovative scheme, where life cover is purely optional (entire
funds go to investment kitty).
Investment threshold : Single Premium Option - Rs.25000/- onwards
(Regular Premium Mode : Rs.2000/- pm onwards)
NO PAN CARD REQUIRED. - Hassle free investment option with simple
formalities.
Flexible & customer friendly product- can be withdrawn from 4th
policy years onwards at NAV without any surrender charges Or corpus can be
used to earn a steady pension .
Minimum investment age 18 to 65 years and Minimum term 5 years (with
option to withdraw after 3 years at NAV without any charges).Retirement Age
: 50 years to 70 years
Attractive tax deduction upto Rs.1 lac under Sec.80 (C). Also 1/3rd
of retirement corpus commuted and withdrawn will be absolutely tax free
Guarantee additions at the end of 10th /15th/20th year+ gains from
stock market appreciation
Two unique risk hedging tools (1) basket of 4 funds to choose from
i.e. equity/bond/ balanced/ growth, depending upon your risks appetite (2)
switching option to move your funds from equity to safer avenues like bond
funds, to reduce your risk during market volatility
6 innovative variants to receive pension
Being a fund launched hardly 10 months back, units are still
available at low NAV - thus you get more units on your investments
Benefit of Top Up Investment- to boost your investment kitty by
further investment at regular intervals.
For more details contact nri.lhotri@sbi.co.in.
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1 comment:
what is the today net value
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