Mar 2, 2010

SBI Life Unit Plus III Pension

Following the capping of charges by the insurance regulator, SBI Life has re-launched Unit Plus III Pension, plan with lower allocation charges, Let us do a quick review

Special Feature: Annual 5% additional on yearly premium contribution and 1% on the Single Premium on behalf of SBI life, plus 0% Allocation charges 6th policy year onwards.
Investment option:
Equity Optimiser pension fund
Equity Pension fund (HIGH RETURN/ HIGH RISK)
Index Pension fund(HIGH RETURN/ HIGH RISK)
Top 300 pension fund(HIGH RETURN/ HIGH RISK)
Growth Pension fund
Money market pension fund (LESS RETURN/ LESS RISK)
Bond Pension fund
Balanced Pension fund

Fund performance during Market Crash:
Fund Name
Fund Performance
Benchmark Performance
Equity Pension Fund
High  16.57 (7 Jan 2008)
Low     6.43 (11 Mar 2009)   -61%
High 6287.85 (8-Jan-08)
Low     2524.2 (27-Oct-08)   -60%
Equity Optimiser Pension Fund
High  11.01  4  May2008
Low       5.3   28 Oct 2008  -52%
High   6287.85    8-Jan-08
Low    2524.2    27-Oct-08    -60%

Charges:

On Premium Allocation

Year
Single Premium
Regular Premium
1st
2.25%
10%
2nd- 5th
-
5%
+6th
-
0%


On Fund Management 0.25-1.35%


Premature Exit
Year
Single Premium
Regular Premium
1
15%
5%
2
10%
5%
3
7.5%
5%
4-5
5%
2%
6 year onwards
Nil
Nil

Premium: Rs 60,000 (single)/ Rs 24,000 p.a.

Mode: Yearly/ Half Yearly/ Quarterly/ Monthly

Age at entry
Min: 18 Year
Max : 59 year

Conclusion
Plan scored full marks by all means. Fund performed very well during crisis. All in all, UNIT PLUS III PENSION suits you if you are looking income during your sunset year.

Don’t feel shy in asking questions once or twice or thrice after all It’s your hard earned money should go in proper investments. Don’t do mistake done by tons of investors who took ULIPS for 3 years

Posted by Shakti Shukla at 11:35 PM
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6 comments:

  1. hari krishnaAugust 4, 2011 at 12:37 PM

    hey i have invested in unit plus 3 pension plan in top 300 mnc's the agent asked me to pay for 3years and said it will earn me a good returns is it enough to pay for 3 years or do i need to pay for 6 or more........ plz mail me all the information you have about this plan.... plz plz thanks in advance

    ReplyDelete
  2. hari krishnaAugust 4, 2011 at 12:38 PM

    my mail id is haricrishna116@gmail.com

    ReplyDelete
  3. AnonymousFebruary 8, 2012 at 12:31 PM

    Dear Sir,
    I have invested Rs1.5lacs single premium in SBI Unit plus III, about 18months back...When can I exit, without any penalties ? Also, what do you think of near-term future prospects regarding returns? Is it wise to hang-on, or exit?

    ReplyDelete
  4. UnknownJuly 25, 2013 at 6:45 PM

    Dear sir,
    i have invested in sbi unit plus 3 pension plan in top 300 mncs.agent asked me to pay for 3 yrs and said it will earn me a good returns is it enough to pay for 3 yrs or do i need to pay for 6 or more plz mail me all the information about this paln plz
    when i had opened the plan agent said to me the mony invest in 3 ways
    1.balanced pension fund.
    2.growth pension fund.
    3equity optimiser pension fund.plz inform me soon plz

    ReplyDelete
  5. UnknownJuly 25, 2013 at 6:46 PM

    my email id-vaibhu555@gmail.com

    ReplyDelete
  6. CAN CLUB > A Perfect D-Tox CentreSeptember 10, 2015 at 11:03 AM

    what is the real benefit after investing bcs i invested monthly base top 300 pension fund. while applying agent told something. now i realized it would not. so pls i need your help what returns will get and what age?

    ReplyDelete

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