SBI Pension Plans

SBI Pension plans are designed to offer financial freedom to people after the retirement from their lifelong job. SBI life insurance is a joint venture between BNP Paribas assurance and State bank of India. Various SBI pension plan schemes are available according to the need of people that can be fruitful for all retired persons. SBI life insurance is one of the leading sectors in India and having the pension plans from SBI will assist you to save money that you will get as regular wages after your retirement.

SBI Pension Plans

Various pension plans are available by SBI life insurance that provides protection for future after the retirement. It is also helpful in saving tax under the section 80 C of income tax act.

  • SBI Horizon II Pension plan
  • SBI Unit plus II Pension plan
  • SBI Life-lifelong Pension plus
  • SBI Life-Smart Pension plan

SBI Pension Plan Benefits

  • A choice of plans and investments
  • Assured returns on your savings
  • Death benefit either natural or accidental
  • Maturity benefit
  • Save tax under section 80 C of income tax act
  • Additional plans are available

Features of SBI Pension Plans

  • Financial freedom after the retirement from lifelong job.
  • One can select single or regular payment according to their need.
  • You can get the guaranteed returns on your investments.
  • You will get the added benefit of insurance protection.
  • You will get the guaranteed addition of 10% of annual premium on the 15th anniversary of the policy and 10% of annual premium on every 5th anniversary of policy.

For further details regarding to SBI pension plan you can log on to SBI official website.

    Related Articles
  1. Income Tax Section 80C Deductions
    Income Tax Deductions section 80C Each year most of the people eagerly wait for the budget proposals to be announced for various reasons. One of the significant reasons is to know what all instruments of investments and deductions / exemptions have been included in the Section 80C of Indian Income Tax for employees, so that they...
  2. Income Tax on VRS: Voluntary Retirement Scheme
    Indian Industry came up with the idea of VRS or Voluntary Retirement Scheme, whereby the employees are offered a onetime lump-sum amount. Many employees in their 50s have opted for this scheme. This is also called as “Golden Handshake” Scheme. What we are now going to analyze is how does the Income Tax Department interprets...
  3. Income Tax for Pensioners on Pension Amount
    As already seen, TDS is the best medium of collecting income tax from the citizens without much of hassles, as the responsibility to deduct tax is not on the government, but on citizen-payers. Tax department accords a lot of importance to TDS as a source of generating revenue and to administering the TDS provisions more...
  4. LIC Market Plus Policy
    LIC Market Plus Policy is a kind of policy that gives a person to choose a plan with or without risk. It is a Unit Linked Pension Scheme. It can be divided in to four types of funds for investment namely, secured, bond, balanced and growth fund. It is a pension policy ideal for investments...
  5. HSBC Bank Bangalore
    HSBC Bank Bangalore HSBC Bank Bangalore is one of the leading international banks in the city. The world class quality service is provided by the hsbc bank. It has a process electronic data and global resourcing center for Bangalore city as well as in various region of the country. In Bangalore HSBC bank offers various...