 SBI Life Insurance introduces "SBI Life - Swarna Jeevan" a Group Immediate Annuity Plan for Corporate Clients (ie.Employer-Employee groups) and other Group Administrators, who wish to purchase annuity to provide for their annuity liability (existing or emerging or both) totally/partially from SBI Life The annuity payment to members starts right away (Technically, anytime within 12 months of Purchase depending upon periodicity chosen). All you need to do is choose the annuity option. We at SBI Life will calculate the amount of each annuity payments based on the purchase amount and life expectancy. |
Key Features: |
| • | Attractive Annuity rates due to group effect. |
| • | Based on your scheme rules customized annuity options available |
| • | Wide choice of annuity Options to suit your members needs |
| • | Option to choose the periodicity of annuity payment: Annual, Half yearly, Quarterly, and Monthly. |
Eligibility Criteria: |
| • | Age at Entry: |
| • | For Member : 35 to 85 Years as on last birthday |
| • | For Spouse : 18 to 85 Years as on last birthday |
| • | Group Size |
| • | Min : 10 Members* or 50 Members |
| • | Max : No Limit |
| • | Minimum Annuity amount will be Rs. 1,200/- per person per annum. |
| *For approved Group Superannuation Schemes |
What are the Annuity Options Available? |
| A variety of Options to choose from: |
| • | Single Annuity |
| • | Life Annuity: |
| • | Life annuity with refund of purchase price: |
| • | Life annuity with refund of balance purchase price: |
| • | Annuity certain for 5 to 35 years and annuity for life thereafter: |
| • | Increasing Life annuity (Simple increasing): |
| • | Joint Annuity |
| • | Joint life (last survivor) annuity |
| • | Joint life (last survivor) annuity with refund of purchase price: |
| • | Joint life annuity certain for 5 to 35 years and joint life (last survivor) annuity thereafter: |
Why SBI Life Insurance? |
SBI Life Insurance is a joint venture between the State Bank of India and BNP Paribas Assurance. State Bank of India enjoys the largest banking franchise in India. Along with its 7 Associate Banks, BNP Paribas Assurance is the insurance arm of BNP Paribas - Euro Zone’s leading Bank. BNP Paribas, part of the worlds top 10 group of banks by market value and part of Europe top 3 banking companies, is one of the oldest foreign banks |
Important Docs for this plan:
Brochure Member Annuity Form Generic Benefit Illustration