This policy sales will complete on March 31, 2012
Key Features of SBI Life - Annuity PlusComplete freedom to choose from a wide range of Annuity options
^ Enjoy a regular income (annuity payout) from an early age of 40 years
^ You have an option to have Lifetime Annuity payout for you as well as a family member
^ Flexibility to choose frequency of annuity payouts as per your requirements – Monthly, Quarterly, Half-yearly or Yearly
^ Incentives of higher annuity rates for large premiums
^ Option of availing SBI Life- Accidental Death Benefit Rider (UIN:111B015V01)
^ Flexibility to advance your Annuity payouts
^ Return of premium options
SBI Life - Annuity Plus- Snapshot
Age Limits*
Minimum age at entry : 40 years
Maximum age at entry: 80 years
Annuity Payout (Per Installment) Minimum : Monthly: Rs.200, Quarterly: Rs.600,
Half-yearly: Rs.1,200, Yearly: Rs.2,400
Maximum: No limit
Annuity payout mode Monthly, Quarterly, Half-yearly or Yearly
Premium Amounts Minimum. : Such that the minimum annuity installment can be paid
Maximum.: No Limit
*All references to age are age as on last birthday.
Wide Variety Annuity Options:
^ Life Annuity (Single Life): Annuity payout at guaranteed rate, through-out the life of the annuitant. You may choose from following options:
^ Lifetime Income
^ Lifetime Income with Capital 1 Refund
^ Lifetime Income with Capital 1 refund in parts
^ Lifetime income with Balance Capital 2 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% per annum 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:
^ 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 guaranteed rate, throughout the life of the annuitants. You may choose from below options:
^ Life and Last Survivor - 50% or 100% Income without Capital Refund
^ Life and Last Survivor - 50% or 100% Income with Capital Refund
1 Capital will mean Premium (excluding service tax and rider premium, if any) under the policy
2 Balance Capital = Premium (excluding service tax and rider premium, if any) – Annuity payouts made till date.
Benefits:
Annuity payable as per the annuity option chosen.
SBI Life - Accidental Death Benefit Rider (UIN: 111B015V01)
Age at Entry (as on last birthday): Min – 40 years, Max – 60 years
Rider Term (Fixed): 10 years
Maximum Age at maturity: 70 years
Minimum Sum Assured: Rs. 25,000
Maximum Sum Assured: Rs. 50 lakh
Tax Benefits:
Tax benefits will be available as per the prevailing tax laws. All annuity payouts may be subject to income tax as per the law prevailing on the date of payout.
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
For More details Click Here
http://www.sbilife.co.in/sbilife/content/9_6246
http://www.sbilife.co.in/sbilife/images/File/documents/Annuity_Plus_Brochure.pdf
SBI Life Insurance
Regional Office : Chennai
3rd Floor, State Bank of India Learnig Centre Building,
No. 20, Pycrofts Garden Road, Nungambakkam, Chennai - 600 006
Phone: 044 - 6515 4134 / 044 -4300 0539
Fax 044 -2829 1180
EMail :
Mr. E. Thirumudi Pandian, Regional Sales Manager - South 1: e.pandian@sbi-life.com ;
Mr. N. Srinivasan, Senoir Area Manager, Regional Office : Chennai ;
Mrs. Anusuya Prabhakaran, Branch Sales Manager, Anna Nagar (East) - 044 - 4348 2110 : anusuya.as@sbi-life.com
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