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Pension Plan

Retirement & Pension Plans in India - Start your retirement planning with SBI Life pension schemes that will provide you retirement income even in your old age. Get your retirement policy now!<br>

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Pension Plan

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  1. Pension Plan

  2. Best Pension Plans

  3. Different Types Of Pension Plans • A conventional pension programmethat offers the different types of pension plan: • SBI Life – Retire Smart Plus • Besides market linked returns, the SBI pension plan also gives guaranteed additions to further increase the corpus • Guaranteed Additions accrue @10% of the annual premium from the 15th year of this SBI pension plan till the end of the term. • Moreover, a Terminal Addition @1.5% of the Fund Value will be paid on the vesting date. 2. SBI Life – Saral Pension • The SBI pension plan participates in the company’s profits and bonus is declared under the plan • On Vesting the chosen Sum Assured including the Simple Reversionary Bonuses and Guaranteed Bonuses accumulated during the term of this SBI pension plan and a Terminal Bonus, if any is payable to the policyholder. 3. SBI Life - Smart Annuity Plus • The annuity is paid is paid immediately once the single premium is deposited with the insurer under the SBI pension plan • There are two annuity options under the SBI pension plan. The first option is for a single life and the second option is for a joint life annuity. Both the options are further sub-divided into further annuity payout options.

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