SBI Life Smart Privilege Plan Review (தமிழ்)-Should You Buy?(Tamil)

[@anburaj7003]

I have one query , let’s say we choose any funds like Midcap for investment under SBI smart privilege and direct mutual fund investment under Midcap does both have the same returns ? Excluding the charges and tax just the return ? In that case if charges on ULIP is still lesser than the tax on the mutual fund is ULIP have better returns ?

[@holisticinvestmenttamil7115]

The returns from both a midcap fund under SBI Smart Privilege (a ULIP) and a direct mutual fund midcap investment are based on the same underlying market performance. However, the key difference lies in the expenses and tax implications: Gross Returns (Before Charges & Tax): Both ULIP and direct mutual funds should have similar returns if they invest in the same midcap stocks. Expenses: ULIPs generally have higher charges, including premium allocation, mortality, and fund management fees. Mutual funds, especially direct plans, have lower expense ratios. Taxation: ULIPs: ULIP returns are tax-free under Section 10(10D) if certain conditions are met. Mutual Funds: Capital gains on equity mutual funds are taxed (10% for long-term capital gains above ₹1 lakh). Post-Expense & Post-Tax Returns: In many cases, mutual funds (especially index funds) offer better post-expense returns despite the tax, as they typically have lower overall costs compared to ULIPs. Even with the tax-free nature of ULIPs, the higher expense ratios often reduce the net returns in the long term.

[@SairamM-r9q]

Term insurance+ppf+elss fund epdi start panradhu?

[@holisticinvestmenttamil7115]

Please book a complimentary Financial Consultation with one of our Financial Planners by using the following link: www.holisticinvestment.in/complimentary-financial-plan-consultation/

[@a.karuthapandiappavuthevar1022]

Which is best ulip plan or guarantee plan sir?

[@jbaratheswaran2473]

SBI LIFE recently launched SBI LIFE SMART PLATINA PLUS - Pay only 10 years and every year from 12th year to 26th years get Guaranteed returns [ return amount mentioned in your bond ] 8.5% to 9.5% depend up on age, on 26th year get lumsum sum insured 11 times of Annual payment.

[@jbaratheswaran2473]

ULIP PLAN growth - based on Market risk, is. High return is may come at the time market situation. but Guaranteed plans are give some fixed amount . based on policy conditions.

[@a.karuthapandiappavuthevar1022]

@@jbaratheswaran2473 k sir thank u sir

[@holisticinvestmenttamil7115]

PLease keep insurance and investment separately. For life cover pls take term insurance. For investments, pls go for PPF or ELSS. Please check this with your financial planner. You can also book an initial complimentary consultation here: www.holisticinvestment.in/complimentary-financial-plan-consultation/

[@jbaratheswaran2473]

can you confirm in invested customer next year unfortunately lost his life, If PPF and ELSS can give lumsum amount more than smart privilage plan to his family. In 15 year term sbilife returns and ELSS returns are attract any income tax or TDS pl. confirm I under stand normaly all insurance co's gives for Traditional Policy and ULIP Policy in 4% and 8% illustration benefit only [ as per IRDA guidlines ] even if more than returns comes not given in his illustration . Sbi life Equity fund returns normally between 10 to 14% in smart privilage policy has Mid cap fund it's returns give morethan Equity fund

[@holisticinvestmenttamil7115]

Please go for Term insurance +PPF / ELSS combination. So that you will get insurance and investment. Post tax returns from elss is better than the maturity value from this policy. Though ulip generates better gross returns. The expenses are more. The post expenses returns are low. In ulip, the NAV declared is pre-expenses. In mf the NAV declared is post-expenses.

[@seethaa8987]

Anything about sbi life is true twe shold not invest.i was cheated by the bank people itself.so please dont invest I dont know how the government is encouraging such plans

[@wantedevilff3210]

Sir Mr. Ramalingam , the informations are very useful and easy to understandable to normal people which posted by you. Your valuable service should be continued.Thank you so much. Before watching your information in you tube, we sad to say that we have taken one SBILife-smart privilege plan on 12.07.23. Yearly premium for 10yrs . How to close my policy with minimal penalty & Loss? And get rid of. Kindly guide me.

[@holisticinvestmenttamil7115]

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/

[@amaap253]

Hi, pls do your own analysis before you quit this plan. It's one of the best plan is you are going to be an investor for a long term. Check the equity fund performance of this plan, since inception. You will be amazed. Also, sit with some one who can give complete details about charges and charges that are refund plus loyalty additions. Fund switches are free and partial withdrawal is also free to a limit every year. Prior to 2022 Feb this plan has both sec 80 c and sec 10(10D) benefit that gave 100% tax benefits. But, for policy taken after that tax on the returns alone, is applied. Hope you have not closed your policy yet.

[@SudhanHariCTAAnnadurai]

Fund switching charges is not charged noe

[@holisticinvestmenttamil7115]

Overall charges are high

[@sivashreeganesh874]

This video fully fake

[@holisticinvestmenttamil7115]

We have analysed based on the post expenses return. We should not carried away by the pre-exp return.

[@sivashreeganesh874]

Really you know sbi life equity fund performance Don't send fake video

[@holisticinvestmenttamil7115]

Fund may perform. But because of the higher charges, the post expenses returns are poor. Fund performance shown or NAV declared by SBI ins is pre-expenses. Fund performance shown or NAV declared by Mutual Fund is post-expenses.