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SBI Life - Annuity Plus

UIN: 111N083V04

Product Code: 22

SBI Life -Annuity Plus - Retirement Insurance plans

14 ways to celebrate your retired life.

  • Regular income through annuity
  • Option to include a family member
  • Single premium payment
  • Better annuity rates on larger premiums
A traditional, non-participating immediate annuity plan

Do you have a vision for your life post retirement? Have you planned your investments to make your dream retirement a reality?

SBI Life – Annuity Plus can help you.

With SBI Life – Annuity Plus, you receive a comprehensive range of annuity options on just a single premium payment. Thus, you are assured of regular annuity/pension for the rest of your life.

This retirement scheme offers –
  • Security – through steady retirement income
  • Reliability – fixed annuity/pension throughout your life
  • Flexibility – comprehensive range of annuity options

Try our Benefit Illustrator below to see how this plan can help you prepare for your dream retirement.

Celebrate your golden years without any financial worries.

Highlights

SBI Life -Annuity Plus

A traditional, non-participating immediate annuity plan

Buy Now

Mrs. Verma, a retired professional, can spend her time enjoying the hobbies she loves, with this annuity plan.

Fill in the form fields below to create a roadmap for a happy retirement with SBI Life – Annuity Plus.

Name:

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Gender:

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Discount:

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Explore the Policy option...

Do You have an SBI Life Pension Policy and wish to purchase Annuity from it...

Yes
No

I wish to buy Annuity for

Self
Self + One Life

Choose your annuity options

Annuity Option

Lifetime Income :- Annuity is payable at a constant rate throughout the life of the annuitant. On death of the annuitant, all future annuity payments cease immediately and the contract terminates.

Choose your payment options

You would like to fix..

Annuity
Premium

and determine the..

Premium
Annuity

Annuity Amount you would like to recieve

Mode Of Annuity Payout

Do you want to advance reciept of your annuity?

Yes
No

Date from which you want to recieve Annuity



Choose the rider options

Do You want to choose SBI Life - Accidental Death Benefit Rider

Yes
No

Select from Options below:

Self
Self + One Life

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Annuity Payout Amount


Annuity frequency


Annuity Option


Purchase Price


Rider Applicable for

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Features

  • Regular income for lifetime
  • Fixed annuity from date of issuance
  • Choice of adding a family member
  • Wide range of annuity options and choice of including SBI Life - Accidental Death Benefit Rider
  • Annuity payout frequency options

Advantages

Security

  • Financial freedom to enjoy your retirement

Reliability

  • Regular income to meet your expenses

Flexibility

  • Secure annuity/pension for a family member in case of an eventuality
  • Receive periodic income as per your preference
  • Enjoy the option of advancing your annuity

Avail tax benefits*

Wide Variety of Annuity Options available:


Life Annuity (Single Life): Annuity payout at constant rate, through-out the life of the annuitant. You may choose from following options:
  • Lifetime Income
  • Lifetime Income with Capital1 Refund
  • Lifetime Income with Capital1 refund in parts

Lifetime income with Balance Capital2 Refund: Annuity is payable at a constant rate throughout the life. On death, the Balance capital (in case positive) will be paid.

Lifetime income with Annual Increase of 3% or 5%: Annuity payout increases at a simple rate of 3% or 5% p.a. for each complete year and is payable throughout the life of the annuitant. All future annuity payouts cease immediately on death and the contract terminates

Lifetime income with certain period of 5, 10, 15 or 20 years and life thereafter:

  • Annuity is payable at a constant rate for a minimum fixed period of 5, 10, 15 or 20 years; and for life thereafter.

Life Annuity (Two lives): The annuity payout will continue at a constant rate, throughout the life of the annuitants. You may choose from below options:

  • Life and Last Survivor - 50% or 100% Income
  • Life and Last Survivor - 50% or 100% Income with Capital1 Refund
NPS - Family Option: This option is available specifically for NPS subscribers only, for more details kindly refer the NPS flier.

1Capital will mean Premium (excluding rider premium and taxes, cess, GST, other statutory levies if any) under the policy

2Balance Capital = Premium ((excluding rider premium and taxes, cess, GST, other statutory levies, if any) – Annuity payouts made till date. In case this is negative, no death benefit will be payable.

Annuity payable as per the annuity option chosen, for detailed benefits under each option kindly refer the product brochure

Exclusions


Rider exclusion: Please refer to sales brochure for the SBI Life - Accidental Death Benefit Rider (UIN: 111B015V02) for details

Tax Benefits*


Income Tax benefits/exemptions are 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 advisor for details.

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. For more details on riders, terms and conditions, please read rider brochure.

For more risk factors, terms and conditions of the SBI Life – Annuity Plus, read the following documents carefully.

*All references to age are age as on last birthday.

22.ver.01-06/18 WEB ENG

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
For more details on riders, terms and conditions, please read rider brochure.

*Tax Benefit:
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You 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 advisor for details.

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