INVESTMENT PLANS FROM STATE BANK OF INDIA

Investment Plan of SBI The purpose of our life can be easily summed up into one word — happiness. One way to bring happiness into our lives is by working towards our ‘Life Goals’ through smart goal-based investments. Whether it is about buying a house, supporting your kid’s education, or securing wealth for life post-retirement – each of these life goals demands financial backing. SBI Investment Plans for 5 years, it’s an investment whose return is confirmed after 5 years. Short-term savings are not sufficient to cap your life goals, and you need to invest for a long time to accomplish them. In simple words, Investment Plans are essentially financial instruments that help create sustainable wealth for the future. Well, we all know that if there is an investment made by anyone he will definitely expect the return on the basis of the investment. And this is what SBI investment plans are for, we have a list of those plans who are the best plans and suitable for investing and in terms of return also. The good thing about this SBI plans list is “they are only for 5 years”, if you invest in these plans then you will not have to wait much for returns. Benefits of Investment Plan These plans have certain benefits and those benefits make them different, plan’s premiums are likely to support your financial condition and increase your monthly financial burden slightly more. But the return of these plans is making your burden zero in future or after 5 years, benefits of these plans are almost same. Death Benefit : Maturity Benefit : These are two benefits that you will offer by every single SBI plan and are necessary for a term of assurance of customer, till getting the return of your investment these benefits are like a bonus for you and always remember one thing that any kind of insurance plan’s first priority is protecting you and your family. Features of SBI Investment Plan Make the future better by lowing your burdens. Keep care of your investment and coverage of the plan. Low period investment with good returns. Offers security to you and your family against uncertainties and makes life precious. Multiple options to choose the best plans. Various investment plans in India enable us to invest our savings into different money-market products in a disciplined and periodic manner to achieve our financial goals. In this context, we come with SBI Investment plans 2021, in which you can invest for five years. SBI Life – ULIP Plans Among SBI Life Insurance Plans, you can choose SBI ULIP plans to invest your hard-earned money and maximize returns. 1. Smart Elite Plan SBI Life – Smart Elite Plan is exclusively crafted for High Net-worth Individuals. It helps you to maximize your saving through market-linked returns and empowers you with great control in managing your investment portfolio. In this plan, you have to pay a premium for a limited term or single payment and get the option to choose from a wide range of funds with partial withdrawal from the 6th policy year. It also provides you with a life cover. Key Features and Benefits: – Maturity benefits: on the survival of the life insured till the maturity of the policy term, the fund value will be paid in a lump sum. Death benefits: For Gold option: the higher of sum assured less partial withdrawal or fund value payable. For the Platinum option: sum assured plus fund value is payable. Death benefits should be at least 105% of the total premium paid. In-Build Accidental Benefits: Accidental death or permanently disabled is also covered in the plan. Other Benefits: 4 varied fund options, you can invest to maximize returns. 2. Smart Privilege Plan SBI Life – Smart Privilege Plan is a unit-linked, non-participating life insurance product. It gives you the flexibility to make multiple switches and premium redirection between eleven diverse funds with loyalty in addition to boosting your fund value. The plan also provided life insurance coverage, so your family is also protected. Key features and Benefits: – Death Benefits: in case of unfortunate death of the life assured during the policy term, while the policy is in-forced the beneficiary will receive higher of the following: – Fund value as on the date of death intimation or Basic sum assured less Applicable Partial Withdrawal (APW) or 105% of the total Premium received up to the date of death less Applicable Partial Withdrawal (APW). Maturity Benefits: on the survival of the life assured up to maturity, and the fund shall be paid in a lump sum. Other Benefits: Loyalty Addition is a percentage of the average fund value over the 1st day of the last 12 policy months before the date of its allocation, Loyalty addition chart is given below: – Last date of the Policy Year(nth) Loyalty Addition Last date of the Policy Year(nth) Loyalty Addition 6 1% 20 5.0% 10 2.5% 25 6.0% 15 3.5% 30 7.0% Option to invest in any 8 funds available. Avail switching, premium redirection, and partial withdrawal facilities under this policy. 3. Smart Wealth Builder plan, SBI Investment Plans SBI Life – Smart Wealth Builder Plan is an individual, unit-linked, non-participating insurance plan that helps fulfill your financial and insurance objective. This product is specially designed for your life goal like higher education of your children, their marriage, wealth creation for a house, foreign travel or providing for old age, etc. Key features and benefits: – Maturity Benefits: in case of survival of the life insured till maturity date, the fund value as a lump sum is payable. The provided policy is in force. Death Benefits: fund value as on the date of death intimation or sum assured less Applicable Partial Withdrawals (APW) if any; or 105% of Total Premium received up to the date of death less (APW) if any; whichever is higher is paid. Guaranteed Addition: Guaranteed addition is available at the end of the 10th, 15th, 20th, 25th & 30th policy year, It helps you to boost fund value. Option to invest in 11 different funds. SBI Life – Endowment Plans Among SBI Life Insurance Plans, you can choose SBI Endowment plans 4. Shubh Nivesh Plan SBI Life-Shubh Nivesh Plan is an individual, non-linked, participating life insurance-saving product. This plan protects you, your savings and comes with an option to leave a portion of your wealth for your children/grandchildren. You also have the choice of taking your benefits in the form of a regular income over a specified period of your choice. Key features and benefits: – Death Benefits: the death benefits payable is a sum assured on death plus vested simple reversionary bonus plus terminal bonus. Maturity Benefits: on completion of the endowment term, the basic sum assured plus vested simple reversionary bonus plus terminal bonus is payable. Provided the policy is in force at the endowment term, you have the flexibility to opt for a deferred maturity payment option. Bonus: vested simple reversionary bonus plus terminal bonus is payable. Opt for riders to enhance policy benefits. Avail high sum assured rebate. 5. Smart Platina Assure Plan, SBI Investment Plans Although this plan has an investment period of 6-7 years, it has very handsome returns, so if you are comfortable in investing for some more years, then it is good to know about this plan. This is an individual, not-linked, non-participating life endowment assurance savings product. It assures guaranteed returns with the advantage of paying a premium for a limited term. It gives your life cover with an Assured return. Key features and benefits: – Maturity benefits: Guaranteed sum assured on maturity, i.e., the basic sum assured plus accrued guaranteed additions, provided policy is in force. Death Benefits: in the unfortunate event of the death of the Life Assured, Sum Assured on death along with accrued guaranteed additions, if any will be paid to the beneficiary for in-force policies only. Where Sum Assured on death is higher of 10 times the annualized premium or 105% of total premium paid up to the date of death. Other Benefits: Avail guaranteed additions^ of 5.00% to 5.50% at the end of each policy year. Pay for just 6 or 7 years and enjoy the benefits throughout the policy term of 12 or 15 years respectively. SBI Life – Pension Plan Among SBI Life Insurance Plans, you can choose SBI Pension plans 6. Saral Pension Plan, SBI Investment Plans This plan helps you to meet your post-retirement financial need conveniently, with simple reversionary bonuses throughout the policy term for the in-force policy. There is a genuine concern about accumulating enough money to provide sufficient income to manage your lifestyle, medical cost, family expenses, etc. Key features and benefits: – Bonus: simple reversionary bonus for the first five years. @2.50% for the first three policy year @2.75% for the next two policy years of the basic sum assured. Guaranteed bonuses will be acceptable only to in-force policies. Maturity Benefits: Basic sum assured or total premium received which is higher plus vested simple reversionary bonus plus a terminal bonus if any. Death Benefits: Total premium received up to the date of death accumulated plus vested simple reversionary bonus plus a terminal bonus, if any or 105% of the total premium received up to the date of death, whichever is higher, is paid. SBI Life – Micro-Insurance Plan Among SBI Life Insurance Plans, you can choose SBI Miro-Insurance plan. 7. Grameen Bima You are the anchor of your family, and they look up to you for their daily needs and requirements. Needless to say, your presence ensures their comfort and well-being. Grameen Bima is a simple, hassle-free, individual, Not-Linked, Non-Participating Microinsurance Life Insurance Pure Risk Premium Product that provides financial security for your family in case of unfortunate death. Key features and benefits: – Death benefits: in the unfortunate death of the life insured during the policy term, the nominee or beneficiary will receive the sum assured as a lump sum. The sum assured on death would be higher than the basic sum assured or 1.25 times of a single premium. Maturity benefits: there is no maturity benefit under this product. Surrender Benefits: surrender is allowed after the first year of cover. No surrender benefit is payable in the last year of the policy. The surrender value payable would be a single premium paid (exclusive of applicable taxes* 50%* Unexpired policy term/Total Term. Where a term is measured in completed months or unexpired term would be the total policy term in months less the completed number of months as on date of surrender.

Bears roar as Nifty, Sensex see biggest fall in over six months

Benchmark equity indices had one of their worst days in 2021 as they plummeted nearly 2 per cent. The fall was the biggest for both the Nifty50 and BSE-Sensex since the early days of April as the risk appetite of investors dimmed sharply. The Nifty50 index closed 1.9 per cent lower at 17,857.25 points as it broke below its 20-day moving average of around 18,000 points. The BSE-Sensex slumped 1.9 per cent to close the day at 59,984.7 points.

Nehru Trophy Boat Race - The pride of Kerala in the world water sports

Precast Concrete Construction

With growing demand of affordable housing units at ticket price less than 30 lacs in India, developers are bound to look for alternative construction solution which is cost effective and can mitigate the following existing challenges in a project. Timely project completion Project quality assurance Availability of sufficient manpower Availability of sufficient water Efficient project management Efficient cash flow management Precast construction technology could be the solution to all the problems; construction industry is facing today, in India. It’s a proven technology which is already being extensively used in USA, Europe, and New Zealand for last many decades for various types of commercial and residential structures. Some of the developers and contractors have already adopted this technology. Still, India has not seen the boom in usage of precast technology as it should have, even though the technology is the most favorable solution to all the problems in construction industry. Why is it so? Is it not a true solution to the construction industry problems as it seems? I believe there is no single reason to it. Adoption of precast technology in any project goes through the following processes. If it fails in any of the processes, the project tend to stick to conventional way of doing construction. Precast construction feasibility Structural stability Financial feasibility Project planning Why does a project fails in terms of suitability for precast construction? Can something be done to avert the same? Answers to these questions lie at the stage of conceptualization of the project. If an architect hasn’t designed the project keeping the precast suitability in mind, then later it becomes quite difficult to change the layouts to suit precast technology, because of time constraints, unwillingness for the change etc. Steps to adopt precast technology in your projects and to maximize its benefits: Step 1: Appoint a good precast consultant as soon as the project is conceived. Step 2: The consultant shall evaluate the precast project initial viability with respect to project size, duration, location and availability of precast elements. Step 3: Architect and structural engineer shall work in unison to come up with precast friendly building layouts. Step 4: Concept design study for structural stability and cost estimation Step 5: Project report Step 6: Management approval Once the project has gone through the due steps mentioned above successfully, I don’t see any reason why precast should not be adopted. In my opinion, precast is the only affordable solution for affordable mass housing projects in India, because of the ease of construction, quality assurance, shorter project duration, material saving, and less manpower requirement. Precast concrete is increasingly becoming more popular as more planners, architects, and designers discover the plethora of benefits it provides. Safer, faster, and more affordable than traditional concrete, precast concrete helps you optimize your project’s potential, while at the same time ensuring it is completed on time and delivers a fantastic architectural design. One of the most versatile products in construction today, precast concrete is used in every facet of building construction from the installation of plumbing and other elements to enhancing the façade of any structure. And in addition to being robust and efficient, it is eye-catching as well. Precast concrete is a construction product that is prepared, cast in molds, and cured off-site. Typically produced in a highly controlled environment, precast concrete employs a much greater level of uniformity of production and quality control than conventional methods. After the customized element is manufactured, it is then transported to the construction site and lifted into place. Among the array of advantages precast concrete delivers, a standout feature is its premium quality finish and design that can weather a range of extreme conditions. Plus, this very cost-effective construction solution offers unrivaled speed of construction and also beautifully enhances the aesthetic integrity of the structure. Precast panels Well-known for its functionality, durability, and longevity, with the need for minimal repairs and maintenance during its life span, concrete is hard to beat. The precast option builds on these advantages and creates a design that is not only more robust but more visually pleasing as well, offering a greater aesthetic interest to architects and clients alike. Precast wall panels can be highly customized to suit the requirements of a structure. From chamfers, reveals, and bullnoses to a plethora of form liners, precast concrete can be employed vertically and/or horizontally to add various visually pleasing flourishes to residential, commercial, and industrial buildings. Precast walls In addition to the main structure, precast products are also preferred choice when it comes to creating smaller wall sections. Regardless of your building size, when considering the best options for your project, the advantages of precast walls are unmatched. Thanks to its high thermal mass that allows the material to absorb and retain temperatures at a more sustainable rate, precast walls are very energy-efficient. Plus, engineers, contractors, and architects utilize this option of cement every day due to the customizable design options. From solid and thin-shell walls to sandwich and lite options, this concrete helps design unique walls that boast various textures and are truly a class apart.