SBI Life Insurance Company is a joint meander between the State Bank of India and BNP Paribas Cardif. While the past Indian accomplice has a stake-holding of 74% of the association, BNP Paribas Cardif has a total holding of 26% of the association.

SBI Life Pension Plans

SBI Life Insurance Company offers three one of a kind sorts of Pension Plans to individuals to enable them to prepare for their retirement. The game plans offer phenomenal favorable circumstances to the general population for a clear surrendered life.
SBI Pension Plan
Plan Type
Entry Age
Maximum Vesting Age
Policy Term
Minimum Annual Premium
Sum Assured

SBI Life - Saral Pension Plan
Traditional Participating Pension Plan
18 years – 65 years (for single premium)/60years (for regular premium)
40 years – 70 years
5years(single premium)/10years(regular premium) – 40 years
Rs. 7,500/-
Rs.1,00,000/-

SBI Life – Annuity Plus
Traditional Immediate Annuity Plan
40 years – 80 years
N/A
N/A- Single Pay
Depends on the chosen Sum Assured
Subject To Underwriting

SBI Life – Retire Smart
Unit Linked Pension Plan
30 years – 70 years
40 years – 80 years
10, 15 - 35 years
Rs.24,000/- (for regular pay),
Rs. 40,000/- (for limited pay)
Higher of (fund value + terminal bonuses) or 105% of the total premium paid

Qualification Details
Least
Most extreme

Entry Age
18 years
Customary Pay – 60 years
Single Pay - 65 years

Vesting Age
40 years
70 years

Arrangement Term

Customary pay - 10 years
Single Pay – 5 years

40 years

Total Assured

Rs.1 lakh
No restriction

Yearly Premium sum

Rs.7500
No restriction

Premium Payment Term

Equivalent to the arrangement term or Single Pay

Premium Payment Frequency

Month to month, quarterly, half-yearly or yearly