SBI Life Saral Pension is a traditional participating pension plan which takes care of your post-retirement financial needs through substantial life cover and bonus options thereby giving you the peace of mind in your golden years.
Get Guaranteed Lifelong Pension
For You And Your Spouse
Invested amount returned to your nominee
Invest 20k monthly & Get yearly pension of 4.2 Lacs for Life
Guaranteed Return For Life
Multiple Annuity Options
*All savings are provided by the insurer as per the IRDAI approved insurance
plan. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
18 years |
65 years |
Vesting Age (Last Birthday) |
40 years |
70 years |
Policy term (in years) |
10 |
40 |
Premium Paying Term (in years) |
Equal to policy term |
|
Premium paying frequency |
Annual, half-yearly, quarterly, monthly |
|
Premium |
7500 |
No limit |
Sum Assured |
100,000 |
No limit |
Annual Premium in Rupees and benefit illustration for a term of 20 years
Age |
45 years |
Premium |
8820 |
Sum Assured |
200,000 |
Guaranteed benefit on Vesting |
226,000 |
Non-Guaranteed benefit on Vesting @ 4% |
256,000 |
Non-Guaranteed Benefit on Vesting @ 8% |
316,000 |
You may also compare: Saral Pension Yojana |
SBI Life - Preferred Term Rider is available under the policy which increases the coverage.
As per the policy, if suicide is committed within the first 12 months of the policy inception, 80% of all the premiums paid are returned. If committed within the first 12 months of policy revival, higher of 80% of premiums paid or the acquired Surrender Value is offered to the nominee.
The policyholder has to submit a duly filled insurance application form/proposal form along with accurate address proof, Identity proof (Aadhaar Card, Passport & PAN Card) and detailed medical history report, as required. The policyholder might also be required to provide income proof based on the sum assured amount chosen and the age of the person.
You may also compare: SBI Life Pension Plan |