SBI Life Swarna Jeevan:

The SBI Life Swarna Jeevan is a type of group immediate annuity plan, which are bought by business people who wish to buy an annuity so that they need not have to take risk in providing an annuity liability. 

The only thing you have to do is to choose what kind of annuity you want, and then SBI life will tell you how much annuity you will have to pay based on the amount you have bought it for.

By buying SBI Life – Swarna Jeevan,
This is a group plan that has the advantage of receiving good annuity rates.  This plan also provides you with different annuity options that come under the plan action.

You have a wide variety of plan options to choose from to suit your convenience.  You also can choose the regularity of payment of your annuity. 

The option of paying premiums monthly, quarterly, half yearly or annually prevails. This plan states that the minimum number of members should be at least fifty people.

According to this plan the least annuity amount that a person is allowed to pay in one year is rupees one thousand two hundred only, which works out to rupees hundred per month. 

So by this advantage, we can make out that buying an annuity is not a very costly thing and is affordable to everyone.

There are many types of annuities available.  The main two types are Single annuity and Joint Survivor annuity.  The single annuity offers lifelong annuity with repayment of the acquired price.  By this plan you are sure to receive annuity for a period of five to thirty five years.

The joint and survivor annuity offers lifelong annuity with repayment of the acquired price.  By this plan you are sure to receive annuity for a period of five to thirty five years.

SBI’s Life Swarna Jeevan is a very beneficial plan for those people who are receiving a regular income and then have to resign or retire or are terminated from their job. 

SBI guarantees that if you buy this plan, you can be sure to receive your settlement benefits after you have left your job in whatever condition it may be.