Are you searching for a well-managed, low-risk employee pension scheme that ensures stability, transparency, and long-term financial security?
SBI Life – Swarna Jeevan Plus is a specialized Group Annuity Plan created exclusively for corporate clients who wish to purchase annuity contracts that cover their organization’s long-term pension liabilities.
It helps companies transfer pension risk, guarantee stable lifelong income to employees, and enjoy better annuity rates through the power of group pooling.
With this plan, you ensure:
- Security: Shift the burden of managing pension liabilities
- Reliability: Guaranteed lifetime annuity benefits for employees
- Affordability: Higher annuity rates due to group advantage
- Flexibility: Multiple annuity payout options and custom structures
Give your employees the confidence of a protected future while ensuring your organization stays financially efficient.
Key Highlights
- Group Annuity Plan
- Immediate & Deferred Annuity Options
- Designed for Corporate Pension Management
- Supports Group Pension & Retirement Planning
- SBI Life – Swarna Jeevan Plus with wide annuity choices
Why Choose Swarna Jeevan Plus?
1. Security
- Transfer the complexity and risks of pension fund management to SBI Life.
- Ensure employees maintain financial independence after retirement.
2. Reliability
- Provide guaranteed annuity/pension benefits at fixed intervals.
- Help employees maintain their lifestyle with consistent retirement income.
3. Affordability
- Group effect = Better annuity rates.
- Organizations enjoy cost-effective pension solutions while maximizing benefits for members.
4. Flexibility
- Choose payout frequency: monthly, quarterly, half-yearly, or yearly.
- Customize plan options as per scheme rules.
- Employees have the freedom to select what suits them best.
Core Features
Efficient Risk Management
Your pension obligations are managed by skilled, professional fund managers.
Better Annuity Rates
Group purchasing ensures more attractive annuity rates compared to individual policies.
Deferred Annuity Options Available
Organizations can choose deferred annuity options with refund of purchase price.
Multiple Annuity Variants
Available for both individual members and joint life structures.
Customizable as per Scheme Rules
Every group has unique pension guidelines — Swarna Jeevan Plus adapts accordingly.
Types of Annuity Options
A wide range of annuity choices ensure tailored retirement benefits for each employee.
A. Single Annuity Options
1. Life Annuity
Guaranteed income for life.
2. Life Annuity with Refund of Purchase Price#
Full purchase price returned to nominee after annuitant’s death.
3. Life Annuity with Refund of Balance Purchase Price#
Remaining balance (after paid annuities) is refunded on death.
4. Annuity Certain for N Years + Life Thereafter
Guaranteed payouts for a fixed period and continued income for life.
5. Increasing Life Annuity (Simple/Compound)
Annuity increases annually at simple or compound rates to combat inflation.
6. Deferred Life Annuity with Refund of Purchase Price#
Annuity starts after a chosen deferment period.
B. Joint Annuity Options
1. Joint Life (Last Survivor) Annuity
Income continues to the surviving spouse after annuitant’s death.
2. Joint Life with Refund of Purchase Price#
Full purchase price refunded on the death of last survivor.
3. Joint Life Annuity Certain + Last Survivor
Guaranteed for N years, then continues as long as either life survives.
4. Increasing Joint Life Annuity (Simple/Compound)
Annual increase throughout the lifetime of both lives.
5. Deferred Joint Life (Last Survivor) with Refund#
Annuity begins after the deferment period with refund benefits.
C. Special NPS Option
NPS – Family Income Option
Specifically designed for National Pension System (NPS) subscribers.
How This Helps Your Organization
- Reduces long-term financial risk
- Supports compliance with retirement benefit obligations
- Enhances employee satisfaction & retention
- Enables structured and predictable pension payouts
- Ensures financial protection for employees and their families
By offering Swarna Jeevan Plus, your organization demonstrates long-term commitment to employee welfare and builds trust within the workforce.
Tax Benefits*
Eligible for income tax benefits/exemptions as per prevailing tax laws in India.
Tax rules are subject to change. Please consult your tax advisor for personalized guidance.
Who can buy?
Disclaimer: This is a Non-Linked, Non-Participating General Annuity Group Product. The annuity benefits depend on the annuity option selected, payout mode, and annuity rates applicable at the time of purchase. Purchase price refers to member premium excluding taxes and statutory levies. Tax benefits are subject to prevailing laws and may change. Please read the sales brochure carefully before concluding a purchase. Terms and conditions apply.