The is a plan for employer and employee groups who would like to opt for an immediate annuity for corporate clients. The employer will choose the annuity option. The employer can transfer the liability of their defined pension scheme. This way the benefits for the group are defined benefits and they are protected by the master policyholder. This reduces the risk of the pension fund changing due to economic conditions.
Particulars | Minimum | Maximum |
Entry age | Member age: 35 years Spouse age: 18 years | Member age: 85 years Spouse age: 185 years |
Group size | 50 members 10 members if it’s a superannuation scheme | No limit |
You need pay a lump sum amount to SBI Life, the pension or annuity will be paid out as soon as the expiry of the payment mode you have chosen. The mode can be a month, a quarter, a half-year or a year from the date of purchase. Based on the options you’ve chosen the pension payouts will happen, all options have an annuity amount paid for life, so the pension will continue on providing you a stress-free retirement.
GST of 18% is applicable on life insurance effective from the 1st of July, 2017
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.