Payout and maturity amount will be tax free under 10D but mf return is taxable and if you're already investing in ppf and have term insurance covered and also comes under 30% slab then it seems fare investment to make portfolio diversified for fix income.
Pls consult your financial planner. We can also provide suggestions: You can book a Free Financial Consultation with one of our Financial Planners by using the following link: www.holisticinvestment.in/complimentary-financial-plan-consultation/
Aap sbhi insurance companies ka term insurance check kr skte h phir compare krke apko jisk bhi apko achaa lga ap le skte h. Mai sbilife ka bta skta hu apko details me..
Pls consult your financial planner and cancel this asap. We can also provide suggestions: You can book a Free Financial Consultation with one of our Financial Planners by using the following link: www.holisticinvestment.in/complimentary-financial-plan-consultation/
The policy holders is paying 1lac annually he paid 1 to 6 years annually and if the policy holders dies in an unfortunate incident in between 6 ,7 years didn't make it upto 10 years of policy term so how much will the nominee will get the death benefit and continue the policy term
RISK COVERAGE 11LACS FOR 36 YEARS FOR THIS PLAN .. If a person paid 1lac as you said 1 to 6 years if he dies at 6th year nominee will get 11 lacs sum assured..
Those who are looking for Risk-free guaranteed returns can invest in Term ins + PPF. Those who are comfortable taking a risk can invest in Term ins +ELSS.
Please consult your financial planner. We can also provide suggestions: You can book a Free Financial Consultation with one of our Financial Planners by using the following link: www.holisticinvestment.in/complimentary-financial-plan-consultation/
If there is no other pressing needs you may continue. MF /SIP investment still you can take. But it all depends on age / financial condition etc. This is not a bad policy. But as Sir is telling other options are there where the investment outcome can be higher but needn't be very high
Holy crap, useless products offered by the worst company. Subscribed to a SBI Smart Champ policy 9 yrs back, paid completely 9 lkhs in total @ 1lk p.a and another 4 yrs for maturity. Now due to some urgency want to surrender, the surrender value is 5.3 lks. Have you ever heard of such a looting policy by rogue companies like these. Be very careful about the expectations on the returns. This is a trap laid by exploting with nice videos and convincing answers and explainations. Dont get fooled and booed by it.
We hear your frustration, and it's completely understandable. Unfortunately, insurance plans like SBI Smart Champ might not always prioritize returns. That's why we created this video: to shed light on alternative financial strategies. In the video, we recommend a combination of Term Insurance, Public Provident Fund (PPF), and Equity Linked Savings Scheme (ELSS). Term Insurance provides life coverage but doesn't have a high surrender value, protecting your loved ones without impacting your returns. PPF offers guaranteed returns and tax benefits, ensuring a safe and steady growth for your money. ELSS invests in the stock market, offering the potential for higher returns compared to traditional plans, although it carries some risk. This combination provides both security (through term insurance) and the potential for better returns (through PPF and ELSS) compared to some traditional insurance plans. We recommend revisiting the video for a detailed breakdown of these options.
These SBI LIFE - SMART PLATINA PLUS - GUARANTEED INCOME Plans are for Agents' Benefit.. Not for People's benefit. Don't go for these type of policies...
Payout and maturity amount will be tax free under 10D but mf return is taxable and if you're already investing in ppf and have term insurance covered and also comes under 30% slab then it seems fare investment to make portfolio diversified for fix income.
Post tax returns from MF are higher than this.
What if I do not surrender the policy, but also do not pay any premium further? How will i get already paid premium amount? Can you tell the process?
Pls consult your financial planner.
We can also provide suggestions:
You can book a Free Financial Consultation with one of our Financial Planners by using the following link:
www.holisticinvestment.in/complimentary-financial-plan-consultation/
never club life insurance and investment in one policy instead select separate one as suggested
Yes
I was thinking to save tax so can I go with this as 50k yearly payout..??
Would it be suggested??
Pls go for term insurance + PPF and ELSS
@@HolisticInvestment can you suggest which term insurence best...with company name...
Aap sbhi insurance companies ka term insurance check kr skte h phir compare krke apko jisk bhi apko achaa lga ap le skte h.
Mai sbilife ka bta skta hu apko details me..
what if I am not able to pay premium after 1 year of paying the premium ?
Pls consult your financial planner and cancel this asap.
We can also provide suggestions:
You can book a Free Financial Consultation with one of our Financial Planners by using the following link:
www.holisticinvestment.in/complimentary-financial-plan-consultation/
The policy holders is paying 1lac annually he paid 1 to 6 years annually and if the policy holders dies in an unfortunate incident in between 6 ,7 years didn't make it upto 10 years of policy term so how much will the nominee will get the death benefit and continue the policy term
Please check the death benefit details in this video at 3.00
RISK COVERAGE 11LACS FOR 36 YEARS FOR THIS PLAN
.. If a person paid 1lac as you said 1 to 6 years if he dies at 6th year nominee will get 11 lacs sum assured..
Eless non gurantee but platina is guaranteed
Those who are looking for Risk-free guaranteed returns can invest in Term ins + PPF.
Those who are comfortable taking a risk can invest in Term ins +ELSS.
Thank you so much, best explanation and alternative suggestions.
Glad that you liked it!
And who said that PPF interest rate will remain 7.1% for next 15or25 years
SBI life returns can also change based on the int rate scenario because they will also invest in fixed income securities.
Yes, it's revised after every 3 months.
@@HolisticInvestmentThis Return all ready Fixed.
What a joker
Sir i hv alrdy taken this plan one yr ago, i hv given 1 premium of 50000. Now what i should do...? If i stop this my given 50000rs will be total loss
Please consult your financial planner.
We can also provide suggestions:
You can book a Free Financial Consultation with one of our Financial Planners by using the following link:
www.holisticinvestment.in/complimentary-financial-plan-consultation/
If there is no other pressing needs you may continue. MF /SIP investment still you can take. But it all depends on age / financial condition etc. This is not a bad policy. But as Sir is telling other options are there where the investment outcome can be higher but needn't be very high
Kya aap Hindi me de sakte h ye plan
We have Hindi channel also.
Holy crap, useless products offered by the worst company. Subscribed to a SBI Smart Champ policy 9 yrs back, paid completely 9 lkhs in total @ 1lk p.a and another 4 yrs for maturity. Now due to some urgency want to surrender, the surrender value is 5.3 lks. Have you ever heard of such a looting policy by rogue companies like these. Be very careful about the expectations on the returns. This is a trap laid by exploting with nice videos and convincing answers and explainations. Dont get fooled and booed by it.
We hear your frustration, and it's completely understandable. Unfortunately, insurance plans like SBI Smart Champ might not always prioritize returns.
That's why we created this video: to shed light on alternative financial strategies. In the video, we recommend a combination of Term Insurance, Public Provident Fund (PPF), and Equity Linked Savings Scheme (ELSS).
Term Insurance provides life coverage but doesn't have a high surrender value, protecting your loved ones without impacting your returns.
PPF offers guaranteed returns and tax benefits, ensuring a safe and steady growth for your money.
ELSS invests in the stock market, offering the potential for higher returns compared to traditional plans, although it carries some risk.
This combination provides both security (through term insurance) and the potential for better returns (through PPF and ELSS) compared to some traditional insurance plans. We recommend revisiting the video for a detailed breakdown of these options.
A SIP in 20 to 25 years which might beat inflation however term insurance is also required
Yes. A combo of Term +SIP is what suggested.
We should never invest in these kind of policy this benefits only the company
Insurance is not a mere investment!
That is why take Term insurance for insurance. Then invest separately :)
Waste
Please don't mix insurance and investment.
No english hindi or odiya
Pls check out Hindi Channel here www.youtube.com/@holisticinvestmenthindi4950/videos
These SBI LIFE - SMART PLATINA PLUS - GUARANTEED INCOME Plans are for Agents' Benefit.. Not for People's benefit.
Don't go for these type of policies...
We need to be aware of the misselling happening and stay away.