SBI Life – Saral Pension Plan | One of the Best Retirement Policy in India
close

By pursuing your navigation on our website, you allow us to place cookies on your device. These cookies are set in order to secure your browsing, improve your user experience and enable us to compile statistics  For further information, please view our "privacy policy"

SBI Logo

Join Us

Tool Free 1800 22 9090

SBI Life – Saral Pension

UIN: 111N130V01

Product Code: 2R

SBI Life –  Saral Pension Plan Premium Details

YOUR LIFE, LIVE IT UP

  • Security for your retirement with a Standard Immediate Annuity Plan
  • Choose from available return of premium options
  • Avail the loan facility in case of financial need

Worries about regular income post active work life on your mind?


SBI Life – Saral Pension is a single premium, individual, non-linked, non-participating, immediate annuity product. This plan provides you regular income with return of purchase price. Choosing this plan takes care of all your financial worries post active work life.


This plan offers an array of benefits, including –

  • Security – To live a worry free post active work life.
  • Reliability – Fixed annuity payouts for life time.
  • Flexibility – To choose from two annuity options.

Get financial independence in just few simple steps to live a retired life you have always wanted.

Highlights

SBI Life – Saral Pension

A non-linked, non-participating, individual immediate annuity plan.

Mr. Gupta, a retired individual, is enjoying his financial freedom thanks to this pension plan.

Enter your personal details on the form field below to see how you may enjoy security in your golden years with SBI Life – Saral Pension.

Name:

DOB:

Gender:

Male Female

Discount:

Staff Non-Staff

Kerala Resident:

Yes No

Explore the Policy option...

Source of Business

Channel Details


Choose your payment options

Mode Of Annuity Payout

Annuity Option

Option1
Option2

A little information about the premium options...

Premium Amount (Inclusive taxes)


Reset

Annuity Payout Amount


Annuity frequency


Annuity Option


Purchase Price

Give a Missed Call

Features


  • Security for your retirement with a Standard Immediate Annuity Plan.
  • Choose from available return of premium options: Single Life or Joint Life Annuity.
  • Option to avail the loan facility in case of financial need.
  • Option to avail the surrender facility on being diagnosed with specified critical illness.

Advantages


Security

  • Financial independence to live a happy Retirement Life

Reliability

  • Regular income to take care of your Expenses

Flexibility

  • Freedom to choose from Return of Premium Options – Single Life or Joint Life Annuity.

Annuity Options:

The annuity payout will continue at a guaranteed rate, throughout the life of the annuitant. As an annuitant, you may choose the following life annuity options:


1. Life Annuity with Return of 100% of Purchase Price#(ROP): Annuity is payable in arrears at a constant rate throughout the life of the Annuitant.

  • On death of the Annuitant, all future annuity payouts cease immediately and the purchase price is refunded to the nominee/legal heirs.

2. Joint Life Last Survivor Annuity with Return of 100% of Purchase Price#(ROP) on death of the last survivor:

  • Annuity is payable in arrears at a constant rate till the primary annuitant is alive
  • On death of the primary annuitant, if the spouse is surviving, the spouse continues to receive same amount of annuity for life till his/her death.
  • On the death of last survivor the purchase price shall be payable to the nominee/legal heirs.
  • If the spouse has pre-deceased the primary annuitant, then on the death of the primary annuitant, the Purchase price shall be payable to the nominee / legal heirs.

Note: - The premium is the amount exclusive of applicable taxes to be paid whilst issuing/re-issuing the annuity contract, to secure the benefits under the policy.


#Purchase Price will mean Premium (excluding applicable taxes, other statutory levies if any) under the policy. The term Purchase Price and the Premium are used interchangeably.


Tax Benefit:

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 information. Please consult your tax advisor for details.

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

SBI Life Saral Pension Plan Premium Details
*In all the above instances for Joint life annuities the age limits apply to both lives.

2R.ver.01-04-21 WEB ENG

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

Tax Benefit:

You may be 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.