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

UIN: 111N131V02

Product Code : 2S

SBI Life - Swarna Jeevan Plus 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
  • Immediate and Deferred Annuity
Non-linked Non-Participating General Annuity Group Product


Are you looking for a well-managed employee pension scheme that minimizes your risk?

SBI Life – Swarna Jeevan Plus, is specially designed for Corporate Clients, who wish to purchase annuity to provide for 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 Plus

Non-linked Non-Participating General Annuity Group Product

 

Features

 

  • Efficient risk management by professional fund managers
  • Better annuity rates due to group effect
  • Introduction of Deferred annuity options with refund of purchase price
  • Various annuity options available & Choice of payout Frequency
  • Customized options as per scheme rules.

 

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 N years and annuity for life thereafter
  • Increasing Life annuity (Simple or Compound increasing)
  • Deferred Life annuity with refund of purchase price

Joint Annuity

  • Joint life (last survivor) annuity
  • Joint life (last survivor) annuity with refund of purchase price#
  • Joint life annuity certain for N years and joint life (last survivor) annuity thereafter
  • NPS – Family Income (Option available specifically for National Pension System (NPS) subscribers only)
  • Increasing Joint Life (last survivor) annuity (Simple or Compound Increasing)
  • Deferred Joint life (last survivor) annuity with refund of purchase price

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 Plus, read the following documents carefully.

SBI Life - Swarna Jeevan Plus

2S/ver/01/09/21/WEB/ENG

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. The Annuity Benefits depends upon the Annuity Options and mode of payment chosen by the annuitant and annuity rates prevailing at the time of purchase of the annuity will be paid to the annuitant(s).

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: L99999MH2000PLC129113 | 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. For further details click here. Please consult your tax adviser for details.