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SBI Life - Swarna Jeevan Group under Employee Benefit Products

The SBI Life - Swarna Jeevan Group under Employee Benefit Products is a group immediate annuity plan for the clients of corporate and group administrators. Those who wish to purchase annuity to provide for their liability this plan is perfect for them.

The chief features of SBI Life - Swarna Jeevan Group under Employee Benefit Products are as follows:

• This policy gives attractive annuity rates due to the group effect.

• Under this policy basing on the scheme the facility to customize the annuity options are available.

• This policy gives wide choice of annuity options according to the needs of the members.

• The customer can also choose the periodicity of annuity payment, annual, half yearly, quarterly and monthly.

The eligibility criteria for SBI Life - Swarna Jeevan Group under Employee Benefit Products are:

  • The entry age for the policy for the members is 35 to 85 Years as on last birthday.
  • The entry age for the policy for the spouse is 18 to 85 Years as on last birthday.
  • The minimum group size for the policy is 50 members.
  • There is no maximum limit for the group.
  • The minimum annuity amount for the policy is Rs 1200 per annum, per person.

The annuity options available for SBI Life - Swarna Jeevan Group under Employee Benefit Products are as follows:

Single Annuity

  • Life Annuity
  • Life annuity with refund of balance purchase price
  • Life annuity with refund of purchase price
  • Increasing Life annuity (Simple increasing)
  • Annuity certain for 5 to 35 years and annuity for life thereafter


Joint and Survivor Annuity

  • Joint life (last survivor) annuity with refund of purchase price
  • Joint life (last survivor) annuity
  • Joint life annuity certain for 5 to 35 years and joint life (last survivor) annuity thereafter