SBI Group Immediate Annuity

Summary Info

Insurance Company SBI Life Insurance Company Ltd
Plan Name SBI Group Immediate Annuity
Plan Nature TRADITIONAL
Plan Category Retirement Plan
UIN No. 111N034V01
About Plan SBI Life Insurance introduces ôSBI Life - Group Immediate Annuityö Plan for employers, who want their existing annuity liability to be totally/partially managed by SBI Life. Buy out of pension liabilities is a method by which the employer transfers the risk of running a defined pension scheme completely to SBI Life Insurance Company. In this way the deferred benefits of the employees are protected and the employer also gets rid of the risk of the pension scheme running into deficits in the future.

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