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 |
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| Annuity Payout (per installment) |
Minimum : Monthly: Rs.200, Quarterly: Rs.600, Half-yearly: Rs.1,200, Yearly: Rs.2,400 Maximum: No limit |
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| Annuity payout mode | Monthly, Quarterly, Half-yearly or Yearly | ||||
| Premium Amounts | Minimum. : Such that the minimum annuity installment can be paid Maximum.: No Limit |
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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