Pension Plan

Best Pension Plans

SBI Life Insurance, one of the top insurers in India, is a partnership between the State Bank and BNP Paribas. To
meet the needs of those looking for insurance, SBI Life Insurance Company provides a comprehensive choice of
insurance products. SBI Life Pension Plans are comprehensive retirement programmes that are created especially
to meet a person's financial needs after retirement.
After retirement, SBI Life Pension Plans pay out annuities to the retirees. Deferred annuity and instant annuity
options are available for SBI pension programmes. Let's look at the different sorts of pension plans before delving
into the specifics of the SBI pension programmes.
Different Types Of Pension Plans
1. A conventional pension programme that offers the different types of pension plan:
2. SBI Life – Retire Smart Plus
• Besides market linked returns, the SBI pension plan also gives guaranteed additions to further increase the corpus
• Guaranteed Additions accrue @10% of the annual premium from the 15th year of this SBI pension plan till the end of the term.
• Moreover, a Terminal Addition @1.5% of the Fund Value will be paid on the vesting date.
2. SBI Life – Saral Pension
• The SBI pension plan participates in the company’s profits and bonus is declared under the plan
• On Vesting the chosen Sum Assured including the Simple Reversionary Bonuses and Guaranteed Bonuses accumulated during the
term of this SBI pension plan and a Terminal Bonus, if any is payable to the policyholder.
3. SBI Life - Smart Annuity Plus
• The annuity is paid is paid immediately once the single premium is deposited with the insurer under the SBI pension plan
• There are two annuity options under the SBI pension plan. The first option is for a single life and the second option is for a joint life
annuity. Both the options are further sub-divided into further annuity payout options.
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