SBI Flexi Smart Insurance

POSTED BY vazzy ON August 4, 2011 10:23 am COMMENTS (5)

SBI has launched the new Flexi Smart insurance Plan. Experts kindly provide their views on it..tx.

5 replies on this article “SBI Flexi Smart Insurance”

  1. vazzy says:

    Sounds another addition to the already redundant list of plans… Tx Ramesh !

  2. vazzy says:

    Sounds another redundant plan to the already redundant list… Tx Ramesh !

  3. Ramesh says:

    what is the your aim, and what kind of utility do you expect from this plan?

    1. vazzy says:

      I already have SBI term plan and SIP + PPF combo.. Was just wondering what sort of a plan is this, as it says variable year interest rates.. Can you shed some light on it?

      1. Ramesh says:

        It will give you an interest rate at the start of every year, which is variable and declared at the start of year. Also there is an additional rate, which is not fixed – it may or may not be there and is declared at the end of year.
        There is guaranteed interest rate of 2.5% (yes 2.5).

        I dont see the utility of any of these for either savings or anything else.

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