SBI Life - Annuity Plus

SBI Life - Annuity Plus

"14 ways to celebrate your retired life."
1. Regular income through annuity
2. Option to include a family member
3. Single premium payment
4. Better annuity rates on larger premiums

An individual, non-linked, non-participating, general annuity product.

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 celebrate your golden years without any financial worries

With SBI Life - Annuity Plus, you have a comprehensive range of annuity options to choose from on just a single premium payment. Thus, assuring you of regular annuity/pension for the rest of your life.

This retirement scheme offers -
1. Security - through steady retirement income
2. Reliability - fixed annuity/pension throughout your life
3. Flexibility - comprehensive range of annuity options

Try our Benefit Illustrator below to see how this plan can help you prepare for your dream retirement.

HIGHLIGHTS
1. Retirement Plans
2. SBI Life - Annuity Plus
3. Immediate Annuity
4. Online Plan
5. National Pension System
6. NPS

Features & Advantages

Features
1. Regular income for lifetime
2. Fixed annuity from date of issuance
3. Choice of adding a family member
4. Wide range of annuity options
5. Annuity payout frequency options

Advantages
Security
1. Financial freedom to enjoy your retirement

Reliability
1. Regular income to meet your expenses

Flexibility
1. Secure annuity/pension for a family member in case of an eventuality
2. Receive periodic income as per your preference
3. Enjoy the option of advancing your annuity

Avail tax benefits*

Plan Benefits

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:
1. Lifetime Income
2. Lifetime Income with Capital1 Refund
3. 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

Lifetime income with certain period of 5, 10, 15 or 20 years and life thereafter:

1. 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:

1. Life and Last Survivor - 50% or 100% Income
2. 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.

1Capital will mean Premium (excluding taxes, other statutory levies if any) under the policy

2Balance Capital = Premium ((excluding taxes, other statutory levies, if any) - Annuity payouts made till date. In case this is negative, no death benefit will be payable.

Tax Benefits*

Income Tax benefits/exemptions are as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.

Who can buy