Pension Plan : The biggest concern after retirement is money. Many problems have to be faced when the financial condition is weak in rising inflation. That’s why the need for pension also increases in old age.
So that senior citizens can take care of themselves and meet their needs. If you also want to secure life after retirement, then SBI’s Life Saral Pension Scheme can help.
About the plan
SBI Life Saral Plan is a single premium, individual, non-linked plan. Monthly income is provided in the form of pension on lump sum investment under the scheme. Investors can opt for Single Life Joint Life Annuity. Loan facility is also available on the plan. , The amount of pension depends on the investment.
Get the benefit of these facilities
Anyone in the age group of 40 years to 80 years can avail the benefits of the scheme. Option to pay premium monthly, yearly, half-yearly and quarterly is given. There is no maximum investment limit in this. Life insurance of Rs 50 lakh is also available under the policy. Also, the benefit of bonus is available for 5 years.
If needed, the policy holder can also surrender the plan. Apart from this, State Bank of India also gives 6% PF return on the scheme. For more information related to the scheme, you can visit the official website www.sbilife.co.in .
