विशेषज्ञ की सलाह चाहिए?हमारे गुरु मदद कर सकते हैं
Rajesh
Ramalingam Kalirajan11044 Answers |Ask - Follow
Mutual Funds, Financial Planning Expert - Answered on Feb 26, 2026
Asked on - Feb 26, 2026
How much pension will I get from the SBI Saral Pension Yojana plan? I have a annual premium or investment of 150000 for the last 9 years; 1 more year to go the end of the premium. Can I withdraw money after maturity of this plan? Age at the entry was 43, and the sum assured is 1500000
Ans: You have done a great job saving Rs. 150000 every year for 9 years. Thinking about your retirement at the age of 43 shows a lot of maturity. I am very happy to see your strong commitment to saving money for your future.
» Review of your current insurance policy
This policy is a mix of insurance and investment. Usually, these plans give very low returns. You might only get 4 to 5 percent growth. You asked if you can take out all your money after maturity. The rules for these old pension plans do not allow you to withdraw the full cash. They force you to buy a fixed monthly payout plan with a big part of your money. As a Certified Financial Planner, I do not suggest these fixed payout plans. The monthly money you get is very low and it does not grow over time. When prices go up in the future, this fixed money will not be enough for your daily needs.
» Creating a 360 degree solution for your wealth
Since this is an investment combined with insurance, my advice is to surrender this policy now. After you surrender it, you can take the money and invest it in active equity mutual funds. Active mutual funds have experts who pick good companies for you. This helps your money grow much faster over a long time.
» Action steps to grow your retirement money
Stop paying the final premium for this old policy.
Ask the insurance company for your surrender amount.
Put that surrender money into good active mutual funds.
Keep investing your yearly Rs. 150000 into active mutual funds instead of this policy.
Please avoid buying physical land or houses. Property needs too much money at once and is very hard to sell when you need cash fast.
A good mutual fund portfolio will give you a better regular income in your retirement years.
» Final Insights
You already have a wonderful habit of saving money regularly. If you make a small change and pick smarter investments, your future will be very safe. Moving away from low-return insurance plans to active mutual funds makes your money work harder for you. This will bring you a happy and peaceful retirement.
Would you like me to help you find how to start your first active mutual fund investment?
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment
(more)
» Review of your current insurance policy
This policy is a mix of insurance and investment. Usually, these plans give very low returns. You might only get 4 to 5 percent growth. You asked if you can take out all your money after maturity. The rules for these old pension plans do not allow you to withdraw the full cash. They force you to buy a fixed monthly payout plan with a big part of your money. As a Certified Financial Planner, I do not suggest these fixed payout plans. The monthly money you get is very low and it does not grow over time. When prices go up in the future, this fixed money will not be enough for your daily needs.
» Creating a 360 degree solution for your wealth
Since this is an investment combined with insurance, my advice is to surrender this policy now. After you surrender it, you can take the money and invest it in active equity mutual funds. Active mutual funds have experts who pick good companies for you. This helps your money grow much faster over a long time.
» Action steps to grow your retirement money
Stop paying the final premium for this old policy.
Ask the insurance company for your surrender amount.
Put that surrender money into good active mutual funds.
Keep investing your yearly Rs. 150000 into active mutual funds instead of this policy.
Please avoid buying physical land or houses. Property needs too much money at once and is very hard to sell when you need cash fast.
A good mutual fund portfolio will give you a better regular income in your retirement years.
» Final Insights
You already have a wonderful habit of saving money regularly. If you make a small change and pick smarter investments, your future will be very safe. Moving away from low-return insurance plans to active mutual funds makes your money work harder for you. This will bring you a happy and peaceful retirement.
Would you like me to help you find how to start your first active mutual fund investment?
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment