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Home > Corporate Solutions > Retirement Solutions > SBI Life - Swarna Jeevan

SBI life - Swarna Jeevan
(UIN : 111N049V01)


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Key Features
Eligibility Criteria
What are the Annuity Options Available?
SBI Life Insurance introduces "SBI Life - Swarna Jeevan" a Group Immediate Annuity Plan for Corporate Clients (ie.Employer-Employee groups) and other Group Administrators, who wish to purchase annuity to provide for their annuity liability (existing or emerging or both) totally/partially from SBI Life
The annuity payment to members starts right away (Technically, anytime within 12 months of Purchase depending upon periodicity chosen). All you need to do is choose the annuity option. We at SBI Life will calculate the amount of each annuity payments based on the purchase amount and life expectancy.
Key Features:

Better Annuity rates due to group effect.
Based on your scheme rules customized annuity options available
Wide choice of annuity Options to suit your members needs
Option to choose the periodicity of annuity payment: Annual, Half yearly, Quarterly, and Monthly.
Eligibility Criteria:
Age at Entry:
  For Member : 35 to 85 Years as on last birthday
  For Spouse : 18 to 85 Years as on last birthday
Group Size
  Min : 10 Members* or 50 Members
  Max : No Limit
Minimum Annuity amount will be Rs. 1,200/- per person per annum.
*For approved Group Superannuation Schemes
What are the Annuity Options Available?

A variety of Options to choose from:
Single Annuity
  Life Annuity:
  Life annuity with refund of purchase price:
  Life annuity with refund of balance purchase price:
  Annuity certain for 5 to 35 years and annuity for life thereafter:
  Increasing Life annuity (Simple increasing):
Joint Annuity
  Joint life (last survivor) annuity
  Joint life (last survivor) annuity with refund of purchase price:
  Joint life annuity certain for 5 to 35 years and joint life (last survivor) annuity thereafter:
These are only the brief features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
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CIN: U99999MH2000PLC129113
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