Employee Pension Scheme | Group Annuity | SBI Life Swarna Jeevan
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SBI LIFE - SWARNA JEEVAN

UIN: 111N049V05

Swarna Jeevan Insurance Plan Details

A group general annuity plan.

  • General annuities for group members
  • Better annuity rates due to group effect
  • Wide choice of annuity options
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
  • Reliability – protecting employees’ pension post-retirement
  • Affordability – better annuity rates due to group effect
  • Flexibility – wider range of annuity options

Don’t let the fear of liabilities hold your organization and its employees from making the most of their potential.

Highlights

SBI Life Swarna Jeevan

Non-linked, non-participating group annuity plan

 

Features

 

  • Efficient risk management by professional fund managers
  • Better annuity rates due to group effect
  • Multiple Annuity options under single and joint life
  • Customized options as per scheme rules
  • Choice of selecting annuity frequency

 

Advantages

 


Security

  • Transfer the management of your pension liabilities
  • Employees achieve financial independence post-retirement

Reliability

  • Fixed Annuity/pension benefits for your employees, enabling them to maintain their lifestyles

Affordability

  • Procure higher Annuity/pension for your employees through a corporate plan

Flexibility

  • Freedom for employees to choose benefits as per their individual requirements
  • Employees receive annuities helping them to plan their finances
A variety of Annuity 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 there after
  • NPS – Family Income (Option available specifically for National Pension System (NPS) subscribers only)
  • Increasing Joint Life (last survivor) annuity (Simple Increasing)
 

The plan benefits would depend on the annuity options selected.

# Purchase Price will mean member premium (excluding applicable taxes, other statutory levies if any) under the member policy

For more details on risk factors, terms and conditions of the SBI Life – Swarna Jeevan, read the following documents carefully.

^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.

65.ver.01-07-20 WEB ENG

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Trade logo displayed above belongs to State Bank of India and is used by SBI Life under license. SBI Life Insurance Company Limited. Registered and Corporate Office: Natraj, M V Road & Western Express Highway Junction, Andheri (East), Mumbai -400 069 |IRDAI Regn. No.111 | CIN: U99999MH2000PLC129113 | Email: info@sbilife.co.in | Toll Free: 1800 267 9090 (Between 9.00 am & 9.00 pm) |


*Tax Benefits:


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 adviserfor details.

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