Accumulated Corpus
Purchase Price
Immediate Annuity
Saral Pension
Reversionary Bonus
Shubh Nivesh Growth
Special Surrender (SSV)
Critical Illness Emergency
Annuity Mechanics & Special Surrender Value (SSV)
Retirement planning shifts focus from accumulation to distribution. The Saral Pension plan transforms a lumpsum purchase price into an immediate, lifelong annuity. You give SBI Life the corpus, and they guarantee you a monthly paycheck until you die.
Single vs Joint Life
Joint Life Annuity ensures that after the primary annuitant passes away, the spouse continues to receive 100% of the annuity amount. Upon the death of the last survivor, the entire initial purchase price is returned to the nominee.
Return of Purchase Price (ROPP)
The most popular variant. It yields a slightly lower monthly payout, but guarantees that the entire corpus is preserved and passed down to the next generation.
The SSV Mathematical Formula
Annuity products are designed to be illiquid to guarantee lifelong rates. However, in cases of extreme critical illness, a surrender is allowed based on dynamic Special Surrender Value Factors tied to G-Sec yields.
Note: Maximum loan is strictly capped at 90% of the calculated SSV to protect the core corpus.
Real-World Marketing Hooks
SBI Life Deferred Annuity Plan
"12% to 13% lifelong interest vs FD declining interest rates. Closing on May 25th."
- 25 Lakh
- 50 Lakh