SBI Life Lifelong Pension:

SBI Life – Lifelong Pension is a complete plan that is designed to meet your postretirement needs as well as to provide you with a regular income at your retirement so that you can lead your retired life maintaining the same standard of living that you were used to.

By buying SBI Life – Lifelong Pension Plan you have the advantage
One is able to amass a large amount of savings to meet your needs after retirement as well as to secure you with a pension. 

According to this plan the returns that you would get at the time of retirement will depend on the amount of premium you pay and the length of premium payment.

You have the privilege of topping up your fund value any time during the policy term if you wish to do so.  By doing this your returns at the time of retirement will also be more.

You have the option of choosing how you want to pay your premiums.  You can pay them either monthly, quarterly, half yearly, or annually.  Or you can also pay it in a single installment. 

This plan also provides you with the option of choosing at what age you want to retire.You can also choose the time when you want to enjoy your retirement benefits.  It need not necessarily be at the time of retirement.

You can also enjoy some of its benefits:
This plan permits you to enjoy your maturity benefits only after the accumulation period is over.  At the time of maturity your Personal Pension Account can be used in several ways. 

You can withdraw one third of this amount and with the balance amount you can buy an annuity of your choice.

If death of the life insured takes place at the time of the accumulation period, and he has invested in the Pure Pension Plan, then his nominee will receive the Personal Pension Account.

If death of the life insured takes place and he has invested his money in the Pension cum Life Cover plan, then the nominee will receive the Personal Pension Account as well as the sum assured.

SBI’s Life Lifelong Pension is a plan that sees to it that your retired life is spent in peace and tranquility with no financial problems to bother you.