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SBI Life - Swarna Jeevan Plus
UIN: 111N131V07
Product Code : 2S
Let your employees
focus on growth while
we safeguard their future.
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.
- 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
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
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.
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.
2S/ver1/11/23/WEB/ENG