Features and Benefits of SBI Life – Saral Pension

• SBI Life Saral Pension Plan is a regular premium deferred annuity plan.
• SBI Life Saral Pension Plan gives a higher time like 10 to 40 years.
• SBI Life Saral Pension Plan is a traditional SBI pension Plan
• Death benefit of SBI Life Saral Pension Plan is higher of total premiums paid growing at compounded rate of 0.25% pea till the date of death or 105% of all premiums paid till the death.
• In SBI Life Saral Pension Plan rider can be added on base plan.
• If your age is 55 or less vesting age can be postponed.
• Get regular simple reversionary bonuses.

SBI Life Saral Pension Plan Eligibility Criteria

• The entry age is 18 years (min), regular pay- 60 years/ single pay- 65 years (max)
• Vesting age is 40 years (min), 70 years (max)
• Policy term: Regular Pay-10 years/ single pay- 5 years (min), 40 years (max).
• Sum assured starts from rs. 1 lacs and there is no upper limit.
• The minimum annual premium limit is Rs. 7500 and there is no maximum limit.
• You can pay the premium for SBI Life Saral Pension Plan is monthly, quarterly, half-yearly, and yearly.

Features of SBI Life Retire Smart Plan

• SBI Life Retire Smart Plan is a unit linked SBI pension plan.
• SBI Life Retire Smart Plan offers market linked returns, guaranteed bonuses at 10% of annual premium from 15^th year to end of policy term, and terminal bonus at 1.5% of fund value.
• You can pay your premium regularly or for a limited term as per your convenience.
• Minimum of 105% of all premiums paid is guaranteed on earlier death.
• You can pay the premium regularly or for a limited term as per your choice of investment.
• SBI Life Retire Smart Plan allows the policy holder to postpone the vesting age is the age is lower than 55 years.

SBI Life Retire Smart Plan Eligibility Criteria

• The minimum entry age is 30 years and in case of maximum 70 years.
• The vesting age is 40 years minimum and in case of maximum it is 80 years
• The policy term is 10 years minimum and maximum is 35 years
• The minimum sum assurance is rs. 1 lac and there is no maximum limit.
• You can pay monthly, quarterly, half yearly and yearly.

Features of SBI Life Annuity plus Plan

• You can get multiple annuity options in SBI Life Annuity plus Plan.
• Annuity is paid immediately after the single premium is paid.
• Get the annuity pay out for you and your family.
• Get the flexible annuity pay out frequency
• Get higher annuity rates for larger premiums.
• Enjoy up to 0.75% discount on premium for NPS subscribers
• You can easily choose riders at affordable cost.
• Get amazing tax benefits.

SBI Life Annuity plus Plan Eligibility

• The minimum entry age is 40 years and the maximum age is 80 years.
• The purchase price is subject to the annuity payout amount and annuity’s age.
• The minimal annuity payout amount is 2400 and there is no maximum limit for annually.
• The annuity payout frequaency can be monthly, quarterly, half yearly or yearly.