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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

Some of the amazing features and advantages of this policy:

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

Some of the SBI Life – Annuity Plus Policy benefits are as follows,

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’

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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.

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

To know more about the terms and conditions of the SBI Life – Annuity Plus, read the following documents carefully.

One who is able to take SBI Life – Annuity Plus Policy

 

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

One important aspect is Tax Benefits:

  • 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.

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