SBI Pension Plans

SBI Life Insurance Company is one of the leading life insurance companies in India that offers wider range of pension plans to the customer. At present, the company offers 4 individual insurance products.
The following each plan is specially designed to complete the financial needs of retired person.

SBI Life-Horizon II Pension- It is unit linked pension plan with the unique features of automatic asset allocation.
Under this plan, you have option to choose-
-Retirement date
-Fund option from Equity Pension Fund, Bond Fund and money market pension Fund.
-Plan option between Pure Pension and Pension cum Life Cover.

SBI Life-Unit Plus II Pension-It is a unit linked pension plan in which policy holder choose the invest period from 5 to 52 years for a vesting age between 50 to 70 years.
Under this plan, you have option to choose-
-Fund option from Equity Pension Fund, Bond Pension Fund, Growth Pension Fund, Balanced pension Fund and Equity Optimizer Fund.
-Single premium Mode or Regular premium Mode
-Plan option between Pure Pension and Pension cum Life Cover.

SBI Life-Lifelong Pensions-it is a comprehensive pension plan that ensures financial freedom after retirement.
Under this plan you have option to choose-
-Retirement age
-Plan option between Pure Pension and Pension cum Life Cover.

SBI Life-Immediate Annuity- The annuity rates areĀ  guaranteed for life.
Under this plan, you can opt for any one of the six annuity options available and option to choose periodicity of the annuity.

SBI Life also offers group pension products, its include CapAssure Gratuity, CapAssure Super Superannuation Scheme, CapAssure Leave Encashment, Group Immediate Annuity and Golden Gratuity Plan.

Leave a Reply