SBI Life Group Immediate Annuity:

SBI Life Group Immediate Annuity is a plan that is usually bought by an employer who is unable to manage the annuity dependability by himself and so he needs the help of an insurance policy that can support him.  Such a policy that can help in these situations is SBI Group Immediate Annuity.

By involving this policy in his annuity for his employees he reduces the risk of the pension scheme facing any problems and thus the benefits that the employees are to receive are secured.

By buying SBI Life – Group Immediate Annuity Plan,
You can be sure to avail many benefits by it as well as you can be sure that your money is secure since the State Bank of India is the most extensive bank in our country. 

State Bank of India and BNP Paribas Assurance of France merge together and offer a complete variety of life insurance policies and pension policies, offering high standard of service.

This plan offers the life annuity option.  By choosing this option, you are eligible to receive the annuity throughout your life span at the same rate from beginning to end.  This plan does not provide any death benefit.

The employees are allowed to choose how they want to pay their annuities depending on their convenience.  They are given the choice of paying them annually, half yearly, quarterly, or monthly.

When you are buying the annuity for a particular price, the group effect annuity rate is selected at the time of entry itself and your annuity is given at the same rate when you are buying it without any changes.

There is a particular age criteria which has to be satisfied for buying this plan.  The employee should be within the age of forty to eighty years old to buy this policy.

SBI’s Life Group Immediate Annuity is a plan which any employer who is concerned that his employees should receive all the benefits available.  This plan also provides the employee with annuity without the risk of the employer.  This is a must for every employer.