SBI Life Annuity Plus Plan Premium and Maturity Calculators: SBI’s Life Annuity Plus insurance policy is a conventional, non-participating immediate annuity plan that offers a wide variety of annuity options in addition to built-in flexibilities. It gives you the chance to keep up your standard of living.
Key Features of SBI Life Annuity Plus Plan Premium and Maturity Calculators
- Complete 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
- Flexibility to advance your Annuity payouts
- Return of premium or balance premium
- SBI Life – Accidental Death Benefit Rider (UIN:111B015V02)
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
Variety of Annuity Options available for SBI Life Annuity Plus Plan Premium and Maturity Calculators
- 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 Capital1 Refund
- Lifetime Income with Capital1 refund in parts
- Lifetime income with Balance Capital2 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% p.a. 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
Benefits of SBI Life Annuity Plus Plan Premium and Maturity Calculators
- Annuity payable as per the annuity option chosen.
- SBI Life- Accidental Death Benefit Rider (UIN:111B015V02)
- 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, 00,000/-