With the launch of Smart ULIP, now SBI Life Insurance too has joined the bandwagon of ULIP market. Similar players in the market include LIC jeevan Varsha, ICICI Return Guarantee Fund, IDBI Fortis Bondsurance and Birla Sun Life Platinum Plus. You can read my take on those policies by following the links mentioned for each of those. Now, here is a quick review of SBI life Smart ULIP.
As usual, first the good things about this product:
- The Smart ULIP product provides NAV guarantee that is the highest of 168 fortnightly NAVs during first seven years or NAV at maturity, whichever is higher.
- In case of the unfortunate event of the death of the insured during the policy term, the nominee receives the higher of fund value or sum assured.
- Shorter premium paying term (3 or 5 years).
- Tax benefit on both premiums [U/s 80C] and maturity amounts[U/s 10(10D)]
- Investment is managed by SBI Life – policy holder need not panic in volatile market
Now the bad:
- Short term – just 10 years!
- Too many charges
- Premium allocation charges : 15% in 1st yr, 5% for next 2-4 yrs for 3-5 yrs terms respectively.
- Admin charges – Rs 60/- per month for full term.
- For first three years, annual administration charges of Rs 5 per 1000 of sum assured.
- Fund management charge 1.5% pa. Fund management charge can be increased to 2.5% pa
- Mortality charge levied on 1st day of each policy month.
For more details on this product check the brochure and see the benefit illustration on their site.
Verdict:
This product may appear to be better than other ulip products in the market but not better than a combination of mutual funds with term insurance. I still suggest you folks not to combine insurance with investment. Invest of specific products for each purpose and reap the best benefits from each of those. I know many of you may not agree with me, again it boils down to individual requirement and the phase at which an individual looks at these products. Whatever the case may be, I welcome your comments and suggestions.
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Hai Sir,
please check my policy value of sbi life smart ulip series-11 on now.
hi guys pls advice me i have paid 3 lakhs in first year that is in may 2012 and still i have to pay such instalments for further four years that is a total of 15 lakhs, the second instalment is comming in may 2013, advice me pls what to be done i am not understanding, pls reply and guide me, thanks.
Dear Mohd Ali,
In short, the SBI Smat ULIP is never a good investment. Being an investor, I advise you honstely, please, for heaven’s sake, don’t think of putting more money in this stupid plan.
To advise you more, I started investing in this plan since 2009. There is a lock-in period of 7 years. Total number of units x the highest NAV achieved during this 7 years will be paid at the end. The highest NAV achieved so far is Rs.19.23.
Ironically, when I started investing in this plan, the stock index was somewhere around 10,000. Ever since, the index has grown to the level of 20K+ but the NAV of this plan never crossed 19.23, believe me. Whenever I sent a query to SBI, they only beat around the bush.
Recently I claried with a guy who is working with SBI-Life. He honestly advise me that this is not a good plan, it will never give you good returns.
To conclude further, I invested money for 3 years (that was my premium term). Now when I look at it, the total number of units I earned x the highest NAV achieved so far (i.e. 19.23) will give me exactly what I invested. I mean, e.g. I invested 5 lakhs, what I will get after 10 years is 5 Lakhs.
If I am lucky, and if the NAV grows further in the next 4 years, then I will get little more than I invested. Otherwise, I will get back what I invested.
Imagine, If I put my money in a Bank FD, indeed in 10 years, it will become double. That is 100% guaranteed.
Don’t even think of investing more money in this stupid ULIP my dear friend. Your money is hard earned money. Try investing in deposits, which offers guaranteed returns. Postal RD’s, Bank FD’s etc. are such money instruments.
I hope it is clear to you now.
Dear Mohd Ali,
Further to my reply posted herebelow, I would like you to discuss this issue with an INVESTMENT EXPERT and make a decision your own. Please don’t take my advise for granted. You must discuss this issue with your friends, investment experts, also somebody working with SBI-LIfe, who can advise you better and who can also give you a better insight to this ULIP Plan. Ok dear. I am regularly monitoring the website. And for the past 1 year or more, the highest locked NAV (Rs.19.23) is not changed, though the BSE index has grown to the level of 20K+.
Smart ULIP II- A big Gamble Method by SBI first followed by her agent
Can any expert will advise what is the basis that the SBI folks are allocating the units from FlexiProtect II Fund to Money Market Fund??
Paid 3 installments 50KX3=150K, Present invested value is 139K @ NAV INR 11.8/Unit under FlexiProtect II Fund, suprisingly under “Money Market Fund” NAV is INR 14.8/Unit.
Well not thinking about about too much of benefits what would be the right time to surrender this product.
Thank you in advance for your help.
regards
Can anyone advise me please.
I have invested in SBI Smart ULIP Rs 180,000 (Qly 15,000 x 3 years). Commenced the policy in 2009 and ended my premium payment recently. The policy term is 10 years. The highest NAV so far is Rs.19+. Upon maturity I will get the benefit either based ont he highest NAV during the first 7 years or the NAV at the time of maturity, whichever is higher. Let us put it this way. The highest NAV upon maturity is 19, then what will be my final earnings on this. Can anyone tell me. I know in ULIP it is purely based on market conditions. Let’s take the highest NAV as Rs.19. Can anyone tell me exactly what will be the amount I would receive at the end. Thanx friends.
Hi,
I see a lot of people asking almost same questions. My advice to you is Pls register in SBILife.co.in with your Policy and check your account. You would find the no os shares allotted to you and current rate of nav.
Also below it you would see the highest value of Nav for your policy period till date.
Multiply the highest NAv with no os shares…You are there…Thats the minimum sum you would get….
Hope it helps you.
Thank u Vikas.
I know the calculations as u suggested. The highest NAV x # of units u hold will be the amount. My simple question is this. At the present market conditions, if I multiply the total units I hold x the maximum NAV achieved so far (19.23) comes to less than what I invested so far. My investment is 180k. What way this scheme is benefial to the investor. This is a royal way of cheating, is it not? Why these FIs’ design such schemes, with hidden agendas, and cheat the poor investors? I know there are thousands of investors like me, blindly believed the words of Agents and got cheated. I do know Insurance & Investments are two different aspects. But still. These FIs’ should be more transparent towards the investors, make the investor understand about the scheme thoroughly before put their hard earned money in such stupid instruments. @#$@!!@#$
Hi Krishna, I am also in the same boat. Even the highest NAV of the fund value is just rs. 6000 more than my initial investment. Please also do not forget the monthly charges they take, which will reduce the value of fund even lower. But, please do not lose heart. It just takes on bull run the market for us to start seeing the profits. Please keep an eye on the NAVs and opt out of the fund at the best oppotunity.
Dear Sridhar,
Thanx for your kind reply dear. My apologies for a delayed ack. I am checking the site often. Really I didn’t know before, else I would have kept myself away from this gambling sort of investing. Agents are so crooked, they just convince you in such a way that they cleverly tell you the ‘pros’ but hide the ‘cons’ part of it. In fact I was just ignorant in this field while commenced my investment. Inf act my knowledge about ULIP was just ‘zero’. Let’s C how the market grows. The bullshness of the market these days seems to be skeptical. Let’s cross our fingers. Good Luck dear and indeed wishing you a fabulous NY. Best rgds Krishna
Hi Folks !
Even I keep asking myself and google around for the same answer…At the end of the day (MATURITY), what is the amount I will get assuming the highest NAV of 19.23…. ??
I need 1 clarfication what does this statement mean (on SBI Life website last paragraph: http://www.sbilife.co.in/sbilife/common/news.do?contentid=3521§ionid=22&adminnewsdetails=0):
“The SMART ULIP plan can be availed by an investor who is atleast 8 years or at most 60 years of age. The maturity age is upto 70 years. One can pay premium a yearly, half yearly, quarterly or monthly premium depending on his/her convenience. Smart ULIP has a minimum yearly premium of Rs 50,000 and fixed Sum Assured which is 5 times the annual premium.”
What does it mean when they refer to the fixed sum assured which is 5 times the annual premium ??
Expecting some good response from the experts !!
Thanks,
Neeraj
i will suggest friends to opt out of this policy. total fraud on the name of sbi. loot ke alwa kuch nhi h isme . i had lost my sum even market is up. no one is bother about ur policy. every agent want to loot you by making fool of you. kab shfit karte h flexi mode me pata nhi.
Hello sir; I am intrested in sbi smart performer plan can i invest it or not please guide me
Dear Mohan & other friends,
I dont know any thing about these policies. with the inspiration of agents, i have taken SBI Life – Unit Plus® Super. 50000/year, five years pament time, policy for 10-15 years.
I woke up after paying the amount and searching for the information(my foolishness). Still i have not received my bond papers. Could you please give more useful information about this policy. After reading this blog, i am really worried. is there any way i can stop now if i did wrong.
Basic Charges in ULIPs :
1). Premium Allocation Charge: This is a percentage of the premium appropriated towards charges before allocating the units. This percentage is generally higher in the first few years varying greatly from company to company. Say your premium allocation charges are 30%, and then out of your total premium paid of Rs. 1,00,000 Rs. 70,000 are invested in the funds effectively.
2). Mortality Charges: These are the charges to insure you against life cover which depends on no of factors such as age, amount of coverage, state of health etc. If you don’t take a life cover then your mortality charges become zero. As these charges depend upon your age primarily, these charges could be around 1.3 for a 30 year old guy & can extend to 6.4 for a 50 years old guy per Rs. 1000 of the sum assured.
3). Fund Management Charges: These charges are deducted for managing the funds before arriving at the Net Asset Value (NAV). The fee is charged as a percentage of funds under management by the fund mangers. These are ranging from 0.5-2% per annum.
4). Policy/Administration Charges: These are the charges for administration of the plan which could be flat throughout the policy term or vary at a pre-determined rate. These are a monthly fixed amount which varies every year with inflation or as a percentage of sum assured.
5). Surrender Charges: These charges are deducted for premature partial or full encashment of units.
6). Fund Switching Charges: The charges when you wish to switch ULIP options like from Equity to debt. Generally a limited number of switches are allowed without any charge.
I am investing SBI ULIP II Regular 24K for 5 years and I find the fund value still remain low in comparison to what I invested. Is it worthwhile to discontinue or still continue for better return and what can be the return after 20 years if I continue to invest?
Finally I surrendered the Policies and got @Rs.1,33,432/- after investing total Rs.1,50,000/- ; Installment-I =Rs.50,000/- in June 2009; Installment II =Rs.50,000/- in June 2010 and Installment III =Rs.50,000/- in June 2011. Policy surrendered on 14.06.2012.
Principal Loss = Rs. 16,568/-
Loss of interest if kept in FD = Rs.27,750/-
_____________________________________
Total loss : Rs. 44,318/-
I think this is enough to visualize the SBI Smart Ulip. What ever the agents tell they tell protecting their interest only keeping customer in dark. Rules and regulations printed in micro font are practically unreadable which helps agents to exploit customers.One who has little savings of his hard earn money please keep it covered and protect that from the cruel-selfish eye of vultures.
Dont buy this policy, its not a good policy, Agents are making people fool.
I had taken SBI Smart Ulip @ Rs.60,000/- PA with effect from June 2009 and till now i deposited 13 installment on March 2012. At the time of buying the policy the Agent (a probationary officer of SBI) told me at that you can take your money anytime after 3 year and you will be paid as per the maximum freezed value. But it is not true. Also till now i have deposited 195000 and my current fund value is 172000, so i have a huge loss. Also i bought Money Market Fund but i dont know why they always convert my money into Flexi protect fund. As per my analysis on each of the installment they charge allocation fee and so many other deductions…which were not told by agent…. i calculated the last year dection amount was:
Allocation charges – 828 * 12 = 9936
Other charges Admin + etc.. = 660.18*12 = 7922.16
so total money deduction was near about 18000, which was not explained by agent at the time of giving the policy.
So, Guys be carefull of these agents , before buying any policy first read all details and then take it. otherwise you will be on huge loss like me….
I had taken Two policies of SBI Smart Ulip for my daughters @ Rs.50,000/- PA with effect from June 2009 and deposited the final installment on June 2011.The agent (a probationary officer of SBI) told me at that time that, ” after three years you will get back double the amount and that is assured if you opt to withdraw”.
It was by virtue of the reputation and reliability of SBI(a great name in Indian Standard),I believed on the version of the then probationary officer, took these policies.
Now, after getting certain feed back from the sufferer of SBI Smart Ulip scheme I inquired from the local branch office of SBI Life regarding the status of my policies and got to know that after paying all the three installments(Rs.1,50,000/-) I will get back Rs.1,40,000/-(approx.) on June 2012 if I opt to withdraw .This is the fate of my hard earn money after paying 30% Income Tax.It is surprising that how an organization like SBI is allowing such type of business with the citizens loyal to SBI.
The loss on my hard earn money may be roughly calculated as: First Installment on FD for 3Years=Rs.63500(@9% interest); Second=RS.59000 and Third=Rs.54500; the total obtainable would be Rs.1,77,000/- that is a loss of Rs.37000/-
It is now the customer to realize.
i took sbismartulip from sbi dumdum (2054) at the request of sri anup ganguly, the then branch manager(now at dumdum cantt branch).he said that i am to pay one time premium and it will cover for 10 yrs and also may be withdrawn within 3 yrs with highest nav.he also insisted me to pay 75000rs and accordingly the cheque was amended from 50000 to 75000 against policy no 33026959801. but on receipt of policy i found that i shall havto pay for 3 yrs, i had to deposit 3instalments from 2009. iwas not explained about different charges being taken by bank. simply the officers to get commision cheats the customers.i do not know what is my fate with my hard earned money.
Really SBI people made the customer to misunderstand the policy. Even the agents are unable to tell it clearly. This plan is loosing the money only. Not a good one.
i have invested 200000 lacd in sbi smart ulip series-ii but today its value is 180000 its a verry hopeless plan for investors
i have invested .50 lakh in every year for 3 years in SBI Smart ULIP at the time of commencing the agent has given some false information and my advice to others is dont invest in ULIPs it is better to go for invest in fixed deposits. When ever we need we can cancel them in urgency time. but it is not possbile in ULIPS.
Hi,
I have invested in Smart ULIP 50,000 october 2011. I have to pay for 4 years. Due to unforeseen circumstances I need to withdraw the money & not in a position to pay the balance installments installment. How do I withdraw? What are the charges?
Hello,
I invested in SBI smart performer plan , with 1,00,000/ one time and as they have said u will get more than double amount after the 5 years.
Is it True?
Can anyone explain the procedure and logic of this plan. also tell me the good and bad things of this plan.
Hi Mr.Ajay,
I want to tell u some things about this plan. Before that, u didn’t mentioned the Date Of Commencement. The features of these plan are-
5% higher than highest guaranteed NAV during the first seven years or prevailing NAV at maturity, whichever is higher.
It means, your units are guaranteed for the highest price within first seven years from the first policy day. It considers daily NAV. If on maturity,the price of units are higher than the first 7 years then, you’ll get the Maturity price. Plus 5% of that fund value.
Here, I’d like to mention that if we think, the charges are higher in this plan, then they are refunded to us through these 5% ‘.
The policy term is 10 years. So that you have to complete the term to get the highest NAV. So as you’ve told of double in 5 years is false. It may be or may not be possible. Because even if we invest in Mutual Funds, it requires minimum 10 years to get the profit, and so this plan gives us with Life Insurance. The plan is very nicely designed. I also invested in this plan.
Regards, Sonal Agrawal.
Hi, Mr. Ajay and Mr. Sonal
I also invested one lakh rupees in SBI Life Unit Plus 2 Regular in Jan 2009 and our SBI officer told me the same thing. just last week i have been approached and they advised me to withdraw as earliest due to good for nothing. by the way this week end i am going to withdraw above policy and they ensure me the amount 146000 approx.
the term of policy is for 10 years and the SA is 5lakhs plus maturity benefit 12 lakhs approx as mentioned page number 29 in my policy agreement.
please advise me what to do? shall i withdraw now or wait till maturity
i-e 19 Jan 2019? waiting for your suggetions and reply.
thanks and have a blessing night…
Hi,
I have invested in Smart ULIP 1,00,000 each for 2 years. I have to pay for 3 years. Due to unforeseen circumstances I need to withdraw the money & not in a position to pay the 3rd installment. How do I withdraw? What are the charges?
i have so far paid rs.50000/-p.a for 3 years/ at the timeof taking policy they told me that if u pay atleast for 3 yrs its enough and if u wnt u can witdraw at any time. but now they say that u have to keep it for 10 yrs. clarify me. if i am not able to pay the further premiums wats my position. please
hello sir, all agents sell the policy telling you have to pay only for three years while your policy will continue till the term even if you dont pay then, because they can earn hefty profit only in first three years. Again to save tax, you will need some plans, they will again come to you with any of such plan you and fool you saying invest only for three months. In your case just continue with the policy as all the major charges have been deducted and now major will be invested in your fund. In 10 yrs horizon quiet possible you can have 6-8% return. Please do not surrender if you do not need money. Next time invest in pure term and ELSS or PPF for tax saving.
i have so far paid rs.50000/-p.a for 3 years/ at the timeof taking policy they told me that if u pay atleast for 3 yrs its enough and if u wnt u can witdraw at any time. but now they say that u have to keep it for 10 yrs. clarify me. if i am not able to pay the further premiums wats my position. please
HI Guys,
If you have say 1lac rupees and someone says invest it in xyz scheme And after 10 yrs you will get say 3 or 5 lac rupees. Then i ll suggest hold tightly your 1lac rupees and run away with a speed of 120kmps.
During the period of 10yrs, at any moment if you require urgent money, then you won’t be able to get it easily!!!
All are here to make you fool…! Using your money they will earn lot and keep you in a dreamworld only! They will have Audi/Mercedes and you will be only in dream of that.
Dear Mohan,
Your website and Blog has been giving very valuable information for me regarding the SBI ULIP Plans. I too realized it little late only after investing about 50K/Per Annum on SBI LIFE UNIT PLUS II Plan during Nov-2008. I have already paid three premiums and now by the year end I would need to pay the 4th one. Is it advisable to go ahead continuing this policy as I could not see any profitable investment in this so far. Would like to know if I should close this policy and invest the money elsewhere.
Thanks a lot for your valuable suggestions
i am 21 yrs old and looking for a good tax saving scheme. is SBI ULIP-SMART PERFORMER the right choice???????
Invest in any of the ELSS with good five year track record or PPF + term insurance for tax benefit. Invest in infrastructure bond and mediclaim for further tax benefit. Never invest in ULIP they do not give good return, only if you are committed to invest for 20-25 yrs that also one with low premium allocation charges. Bye happy tax investing.
am a sbilife smart ulip series II investor and , i would like to know the fund investment policies or plans of my ulip , i tried to get the details in various site and as well as sbilife site also, but i didnt get any details of funds investments. Please help on this
Hi,
I hav taken 2 smart ULIP plan 1 for me & other one for my brother in year 2009.i.e i hav paid 3 lac rupess in past 3 year.but still i m not aware about status of my policy.i want to know the current position of my investment so can you plz tel me any website from where i can check the current value of my investment. & also can you tell me what will be the minimum value i’ll get after 10 year.plz help me
sbilife smart ulip is a robbers plan for fools.our money is into the well with no growth
Dear Sir,
I was working for last 2.3 years and could not manage any saving, since i cleared my loan.Now i want to invest 6000 per months i was already covered for 10 laks LIC policy.I want to start my Retirement & Childrens education plans from now wards. Please suggest a good scheme for me. I am 24 years old & earning 4.56 Lacs Pa.
I have a SBI smart ulip with a SA of 5,00,00 for which I have to pay per annum premium of Rs 1,00,000. I have paid the 1st two installments. But due to some unforseen problems I am not in a position to pay the third year installment. I want to know what my options are.
Can I reduce the SA to the paid-up portion? or I hav no option but to pay?
Can i reduce the annual premium to a more affordable level?
When can i withdraw the money in such case.
I have invested in this ULIP and not happy with that decision. Somehow I feel all these ULIPs are a way to fool people. Anyone else feel the same here?
ya your answer is correct i am invested in this ulip plan bur i am not satisfied this plan very fool plan please any information this policy me and surrender this policy how the surrender and which many can by hand me
same here,
the smart ulip says – gauranteed returns based on highest of the NAV’s in the 1st 7 years or the NAV on the maturity date (or say on the date when the policy is surrendered after the 1st 3 years since inception).
the catch is to avail this highest NAV, one has to wait (i.e. keep the money locked) with the sbi life atleast till 7 years — which is just so foolish.
actually am a victim of the policy!!!
Yes, I feel the same. I have paid two installments Rs 50000/- per annum. If any benefit will get after 10 yrs compare than fixed deposit. Anyone get a benefit plz inform me.
SBI smart ulip plan is the way make people fool. i hv invested Rs. 1,50,000 in this plan,
company charge are too high and performance is very poor. After 2.5 year my investment value has been decrease be 12 % .I want to withdraw my money as soon as possible. SBI Ulip Plan is like useless and chor company.
what stated is absolutey correct
ya i 2
Too many people are falling into the trap and realizing late like me! Thanks for your comments friends.
I have just finished 3 years of unit plus2.. totally i have invested 72000.. when is the right time for maturity. can anyone tell me how much i can expect the returns….
I have taken SBI SMART ULIP plan in June- 2009 for 50,000 per annual for 3 years, i have paid 3 years and Could you please suggest how much i can get ?
check the NAV and values on the website of your registered policy from sbi life. or write an email to sbi life for the same.
Sir
I have purchased SBI Life Unit Plus II Rs, 50000k 3 years back . I paid premium Only one year. How much amount i will get
Sir
I have purchased SBI Life Unit Plus II Rs, 5000p/m 3 years back . I paid premium Only one year six /m. How much amount i will get?
I have taken SBI SMART ULIP plan in December 2009 for 50,000 per annual for 3 years, i have paid 2 years and i am yet to pay the last premium in the month of Dec this year. Could you please suggest how much i can get after 3 years?
Any way u have done a great job. Be prepared for the entire loss of ur money.this ULIP will take u away
Please do not be panicked. Smart Ulip has nav lock-in feature & U will get the highest NAV.So dont panick -sell.
I have taken SBI SMART ULIP plan in Nov- 2009 for 50,000 per annual for 3 years, i have paid 2 years and Could you please suggest how much i can get ? now how much amount I will get ?
Dear sir,
i have invested 3,00,000/- in sbi smart ulip series-2 in may 2010 for five years plan
now i have to more pay 12,00,000/-in next 4 years.
at time of maturity after 10 years can i got approx 30,00,000/-?
what should i do?
keep it or cancel the policy?
Hello
Sir….
My sole interest to invest money is to get more return. i recently heard about SBI LIFE SMART PERFORMER, and if i invest 50K every year for 5 yrs … and if i wait for 10 years…. then will i get good returns…? what is the meaning of highest NAV? Can you explain me with one example? Is there any other way of invest which will give more returns…..
Thank
you
…
kindly enlighten me about this policy. And one more thing as I am taking SBI smart performer policy with the point of view of only investment, as it gives risk cover of 1.25 of premium. Is it a good option or any other policy is better than it?
Hello Sir….
My sole interest to invest money is to get more return.
i recently heard about SBI LIFE SMART PERFORMER,
and if i invest 50K every year for 5 yrs … and if i wait for 10 years….
then will i get good returns…?
what is the meaning of highest NAV?
Can you explain me with one example?
Is there any other way of invest which will give more returns…..
Thank you…
Nandhu
hello sir….
iam going to invest in SBI LIFE SMART PERFORMER for 5 yrs(50k)…and i can wait for 10 years….then will i get good returns…?.. ……..if get….probably how much prcntge i wil take..
thanx,
ganu
@ Rajdeep [if he look at it]
kindly enlighten me about this policy.
And one more thing as I am taking SBI smart performer policy with the point of view of only investment, as it gives risk cover of 1.25 of premium.
Is it a good option or any other policy is better than it?
Hello,
I am Going to invest in SBI smart performer plan , with 60,000/ one time and as they have said 3% is allocation charge and fund is very good and they record nav Daily.
IS it True?
And they have said that todays NAV is around 9 rs sumthing, and will grow to 2.25 times in 5 year[as locking period is of 5 years] tahat means Nav will become sumthing between 20-22. Is this a true guess, as this guess is said on the basis of SBI’S last two “Highest NAV” policies.
Sir
What is the differance of SBI life flexiProtect IInd fund and SBI life money market fund? Can you explane it? And show me the NAV of this two funds of the day you replay me. Is it two SBI flexi Protect fund ?
thanking you
gunendran
Hi Sir,
I am a policy holder of SBI UNIT PLUS-II REGULAR Life Cover.I have been paying RS 34000 annualy for the last 3 year.When I checked the fund value as of today, it is showing that 102791.68. As you said, from an insurance angle this policy is really good but on an investment perspective, this is not really good as far as I am concerned.I would like to dis continue this policy and looking another options.Can you suggest some other alternative policy with a good investment option.?
Regards,
Retheeshkumar
pl send sbi.smart .ulip.nav daily
Sorry, but you are at the wrong place for getting such daily updates.
You pl go the site and get the details.
You can see sbi.smart .ulip.nav daily on this website
I have taken SBI Life Unit plus II regular, as on today i have invested Rs.1,00,000.0 in last four year. At this position i came to know that my fund value is lower then i have paid. Plz advice me whether i can continue this or look for some other.
ulips are designed for very long term benefits like tax free death/maturity or any partial withdrawals.First 3 policy years are by default meant for feeding the life insurance co agents,staff and companies expenditure.
but agents sell ulips as a short term investements.
so far life companies fund performance from 2001 to till date CAGR is 5 %only.
kindly visit the life co for taking any paid up decesson.
very few agents SURVIVE in this business, so as a customer we must understand the products and know how they work in future.
thanks for this service
gud eve sir , please guide me abt sbi smart performer planon regular terms .its advantges & drawbacks. is there any plan better than this . . .i am also looking for the tax benefits under section 80c…
I am a salaried person and willing to invest 20,000/- in infrastructure fund for getting additional benefit of tax rebate. Secondly I want to invest in mutual fund of sbi. Which fund gives more return?
gud eve sir , please guide me abt sbi smart performer planon regular terms .its advantges & drawbacks. is there any plan better than this . . .
Which is the best ulip plan for a 32 year old male? If I want to invest money for invement purpose only – please also tell me the best mutual fund?
Dear sir,
I am Muthu, At present i am in the SBI Life unit plus 3. I am taken 100,000 per year i paid 50,000 for Quarterly 2times. But now i did’t get any Growth amount
Dear all
I am sure that the SBI is taking the more charges for allocation.
If I want ot surrender the policy they will take min of 15 days to get your money back meanwhile you have to borrow the loan in urgency & pay for our own money.
So I suggest not to go for SBI
In 10 Years if one gets the double the amount then it is the greater plus.
Hi,
I need one suggestion. I am having a policy of Smart Ulip (series 2), in which I will be investing 50,000 each year till 3 years. As per the Insurance Advisor, I will get a return of 4,50,000.000 at end of 10 years. Is that possible or not? Kindly provide me further information, or else after 5 years i will surrender the same.
hi i am amurag, i also take ulip plan 2nd per year 50000 but i not sure that sbi give me 450000 in after 10 yaer, i think this ulip plan have more charge on custmer. but i wiat 10 years, inderaraj
I gave check to SBI on 16th Sept 2010 for SBI smart performer. SBI gave NAV starting for 5th Oct 2010, it took them more than 21 days to make papers, the delay caused losses to me.
After many exchanges of email, there is no reply from SBI.
I advice all investors never invest in SBI and never come to trap
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