SBI Life Annuity Plus

Recommendations :No

Name of the policy :
SBI Life Annuity Plus

A brief desciption :

SBI Life Annuity Plus is a popular immediate annuity product. It offers as many as 14 annuity options. One such popular option is lifetime income with refund of the entire lump-sum investment to the nominee on death of the annuitant. A person with no dependents can select the option of no refund of the investment, to get higher annuity payments. Annuity Plus also has an option of annuity payment which increases every year by 5%. However SBI's website and product brochure lacks to provide the clarity over the annuity rates which prevents us from comparison of the options avalaiable.

Started date :23/2/2006
Type of policy :Insurance cum investment
Category :Traditional- Endowment Retirement Plan
Insurance :Annuity Payout Min- Monthly: Rs.200, Quarterly: Rs.600, Half-yearly: Rs.1,200, Yearly: Rs.2,400 Max- No Limit
Returns expected :Less than Fixed Deposit
Entry age :40-80 Years

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