The State Bank Of Hyderabad SBH is now State bank of India.

SBI Life Insurance Company offers three different types of Pension Plans to individuals to help them plan for their retirement.

The plans offer great benefits to the individuals for a worry-free retired life.

SBI Life Pension Plans-

SBI Life - Saral Pension Plan

Traditional Participating Pension Plan

Entry Age - 18 years – 65 years (for single premium)/60years (for regular premium)

Maximum Vesting Age - 40 years – 70 years

Policy Term - 5years(single premium)/10years(regular premium) – 40 years

Minimum Annual Premium - Rs. 7,500/-

Sum Assured - Rs.1,00,000/-

SBI Life – Annuity Plus

Traditional Immediate Annuity Plan

Entry Age - 40 years – 80 years

Minimum Annual Premium - Depends on the chosen Sum Assured

SBI Life – Retire Smart

Unit Linked Pension Plan

Entry Age - 30 years – 70 years

Maximum Vesting Age - 40 years – 80 years

Policy Term - 10, 15 - 35 years

Minimum Annual Premium - Rs.24,000/- (for regular pay),
Rs. 40,000/- (for limited pay)

Sum Assured - Higher of (fund value + terminal bonuses) or 105% of the total premium paid