SBI Life Annuity Plus | Features | Benefits Saturday, 13 April 2013

SBI Life Annuity Plus | Features | Benefits

SBI Life Annuity Plus: A traditional, non-participating immediate annuity plan, which offers a range of annuity options along with inbuilt flexibilities. It provides an opportunity to you to maintain your standard of living.
SBI LIfe Annuity Plan= Tradional + Non-participating immediate Annuity + Annuity Options + Rider + Tax Benefit

Parameters of SBI Life Annuity Plus:

Age Limits* Minimum age at entry : 40 years                
Maximum age at entry: 80 years
Annuity Payout
(per installment)
Minimum :  Monthly: Rs.200, Quarterly: Rs.600,
Half-yearly: Rs.1,200, Yearly: Rs.2,400 
No limit
Annuity payout mode Monthly, Quarterly, Half-yearly or Yearly
Premium Amounts  Minimum. : Such that the minimum annuity installment can be paid
Maximum.: No Limit

 Features of SBI Life Annuity Plus:

  • Option to choose from range of Annuity options
  • Enjoy a regular income from an early age of 40 years
  • You have an option to have Lifetime Annuity payout for you as well as a family member
  • Flexibility to choose frequency of annuity payouts – Monthly, Quarterly, Half-yearly or Yearly
  • Incentives of higher annuity rates for large premiums
  • Option of availing SBI Life- Accidental Death Benefit Rider
  • Flexibility to advance your Annuity payouts
  • Return of premium options

Benefits of SBI Life Annuity Plus:

  • Annuity payable as option chosen
  • regular income
  • tax benefit
  • Accidental Death Benefit Rider