Non-Linked, Non-Participating Group General Annuity Plan
Are you looking for a well-managed employee pension scheme that minimizes your risk?
SBI Life – Swarna Jeevan, helps employers manage the employee pension scheme through the transfer of their annuity liability.
This plan offers –
Security – by transferring the liability of your defined pension scheme
^All the references to age are age as on last birthday.
The eligible members/annuitants would also have an option to purchase immediate annuity or deferred annuity from another insurer at the then prevailing annuity rate to the extent of 50% of the entire maturity proceeds of the policy net of commutation. Note: In case of two lives annuity, the maximum age difference allowed between primary and secondary life is 30 years subject to the minimum and maximum entry age of both lives.
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For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
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You/member are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax adviser for details.