1. SBI Life Lifelong Pensions Plan
You have trusted SBI for banking
Now TRUST SBI Life for your retirement benefits

2. Why Pensions scheme? Before: Now: Tomorrow?
60 yrs
67 yrs
Before:
Now:
Tomorrow?
Working Time
Retirement
71 yrs
V.R.S.
Working Time
Retirement
80/85 yrs ?
Working Time
Retirement
Lifelong Pensions the best tool
to provide financial security for retirement age

3. Flexible contribution
How does it work?
ACCUMULATION PERIOD
Flexible contribution
mode of payment
(minimum Rs. 3,000 p.a.)
Vesting Age
50 to 70
ANNUITY PERIOD
4 main options
13 different choices

4. How does it work during the accumulation period?
Personal Pension Account
4% p.a. till March 2010
Plus Vested Bonus

5. Annuity options available at the vesting age (50 upto 70)2 3 4 1
Option 1 & 2 available with refund of balance purchase price

6. Lifelong Pensions Plan: Product features
Simplified Proposal Form

7. Lifelong Pensions Plan: 2 options
Pure Pension
Option 2
Pension cum Life Cover
Min. / Max. Age at entry
18 / 65
18 / 60
Min. / Max Term
2 years / 52 years
5 years / 52 years
Min. / Max age to start receiving pension
Anytime between 50 to 70 years
(choice of annuity option, 6 months before vesting Age)
Min. / Max contribution
Single contribution: Rs. 10,000 (x 500) / No Limit
Regular contribution: Rs. 3,000 (x 500) p.a. / No Limit
(Min. per contribution Rs. 500)
Contribution Mode
Single /Y / HY / Q / M
(3 months in advance by cheque. Standing Instruction / Credit Card thereafter)
Min. / Max. S.A. for Life Cover
Not Available
Rs. 25,000 / Rs. 3lakh
(Max. Rs. 1 lakh for 46 & above)
Max. Cover Age for Life Cover
65 years

8. Lifelong Pensions 2 options
Option1: Pure Pension product:
No medical questionnaire,
No financial underwriting,
Pure accumulation vehicle: Automatic acceptance
Option 2: Pension cum Life Cover:
Simple medical questionnaire
If life cover is not accepted, automatic enrolment under option 1.
Term of the Life Cover is equal to vesting age / 65 years old whichever is earlier.
If Life cover is extended due to postponement of vesting age, new medical questionnaire and new premium amount
Hassle free process to join: Simplified proposal form

9. Personal Pension Account
In case of unpaid contribution P.P.A. will be used to maintain the Life Cover
Personal
Pension
Account
Life Cover
Premium for Life Cover
will be deductible from the PPA
Once a year
The Policyholder has the option to write us to end the Life Cover,

10. Flexible contribution
How does it work?
ACCUMULATION PERIOD
Flexible contribution
mode of payment
(minimum Rs. 3,000 p.a.)
Vesting Age
50 to 70
ANNUITY PERIOD
4 main options
13 different choices

11. Investment Period: Do not speculate with your pension
No uncertainty ?
Unit Linked product
Lifelong Pensions: Non Unit Linked product
To get the best of compounding effect without any risk

12. Accumulation period easy to understand
Contribution(s)
Net of premium for Life Cover if any
Personal Pension Account
Accumulation period ends at vesting date /death whichever is earlier

13. How does it work during the accumulation period?
Personal Pension Account
Extra Additional
Contribution
Min. Rs. 500
When you wish
4% p.a.
Till March 2010
Single contribution
Regular contribution
Plus Vested Bonus

14. The compounding effect
An example
30 years later
P.P.A.* =
Rs. 781,130
Rs. 10,000 p.a
for 30 years
P.P.A
Total contributions paid: Rs. 300,000
Assuming 6% per annum
The compounding effect

15. TIME DURATION IS A FAVOURABLE FACTOR
Accumulation period:
The compounding effect
Long period of time for accumulation period makes savings effort less cumbersome.
Short period of time for accumulation period makes savings effort more difficult 
Your prospect is never too young to think about a good pension builder
TIME DURATION IS A FAVOURABLE FACTOR

16. P.P.A.: the Power of Compounding
Term
10 years
20 years
30 years
40 years
50 years
Single Contribution
Rs. 10,000
16,650
29,830
53,410
95,660
171,310
Rs. 20,000
33,300
59,660
106,820
191,320
342,620
Yearly Contribution
Rs. 5,000
64,635
(50,000)
181,420
(1,00,000)
3,90,565
(1,50,000)
7,65,110
(2,00,000)
14,35,860
(2,50,000)
1,29,270
3,62,840
7,81,130
(3,00,000)
15,30,220
(4,00,000)
28,71,720
(5,00,000)
Assumptions 6% p.a
Cost of delaying is high

17. At vesting Age (50 to 70)
The amount of P.P.A. helps you to retire gracefully.
You will have to opt for annuity option

18. Flexible contribution
How does it work?
ACCUMULATION PERIOD
Flexible contribution
mode of payment
(minimum Rs. 3,000 p.a.)
Vesting Age
50 to 70
ANNUITY PERIOD
4 main options
13 different choices

19. 6 months before vesting age,choose the most convenient annuity option
Your Personal Pension Account
Upto 33% of the P.P.A. as a lump sum
TAX-FREE
Balance PPA is used
to purchase annuity option
(free choice of annuity provider)

20. Annuity options available at the vesting age (50 upto 70)2 3 4 1
Option 1 & 2 available with refund of balance purchase price

21. Available with option refund of Balance Purchase Price
Life time annuity
Vesting age 50 to 70: Life time annuity
PEACE OF MIND FOR THE YEARS TO COME
Available with option refund of Balance Purchase Price

22. Increasing Life time annuity
Vesting age 50 to 70: Increasing Life time annuity
Every year, your pension increases of, say 1/2/3 % p.a.
Available with option refund of balance purchase price

23. Refund of Balance Purchase Price to your nominee
Balance of
Annuity
Purchase
Price
Amount of
P.P.A.
Used to buy annuity
Cumulative annuity
Amount already paid
(-) =
A WIN- WIN option!

24. Joint Life time annuity
At vesting age: Life time annuity for you and Life time annuity for the survivor (50 /100%)
The best option to protect you as well as your spouse

25. Annuity for life with 5/10/15 years guaranteed period
Vesting age 50 to 70Y: guaranteed period 15 Yrs life time annuity
50/70
15th
15 guaranteed period after 15 years, life annuity 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
Payable to the policyholder / nominee
A Life time pension with guaranteed source of income for the first 5/10/15 years for the family

26. Which annuity option is the best?
All options have been calculated
with the same monetary value
So…
The Option chosen by the policyholder is always the best !!!

27. Some examples of annuity option for a P.P.A of Rs. 10 lakhs
Vesting Age
60 years
65 years
Life Annuity
(with refund Balance Purchase Price)
Rs. 75,360
(Rs. 71,360)
Rs. 85,010
(Rs. 79,400)
Increasing Life 2%
Rs. 63,750
(Rs. 60,600)
Rs. 73,380
(Rs. 69,390)
Life annuity with 10 years guaranteed period
Rs. 73,090
Rs. 80,790
Life annuity with 15 years guaranteed period
Rs. 70,410
Rs. 75,740
Joint Life Annuity with 50% reversion
Rs. 68,680
Rs. 76,090
Joint Life Annuity with 100% reversion
Rs. 63,090
Rs. 68,860
Annuity rates are not guaranteed at the entry time, Rate will be fixed at vesting age only

28. What about death benefits?

29. In case of death during the accumulation period
Option 1:
Pure Pension
Nominee will receive
in one Lump Sum
the amount of the
Personal Pension Account
Option 2:
Pension cum Life Cover
Nominee will receive
in one Lump Sum
the amount of the
Personal Pension Account +
Basic Sum Assured
for the Life Cover

30. In case of death during the annuity period
No death benefit
Refund of balance purchase price to the nominee if any
If spouse survives, he/she will receive 50% / 100% of the annuity for Life time
If death occurs during guaranteed period, the remaining guaranteed period annuity will be paid to the nominee as per the original schedule
Life time annuity
Life time Annuity with refund of balance purchase price
Increasing Life time / 2 / 3 % p.a.
Increasing Life time / 2 / 3% p.a. with refund of balance purchase price
Joint Life time annuity with % / 100% reversion to the spouse
Annuity for Life with 5 / 10 / 15 years guaranteed period

31. What about tax advantage?

32. Should be increased upto Rs. 20,000 next Fiscal Year
Pension = Section 80 CCC
A maximum of
Rs. 10,000 p.a.
paid as a contribution on a pension plan
is fully deductible
from the taxable income
Should be increased upto Rs. 20,000 next Fiscal Year

33. 80CCC Taxe advantage for everybody
Gross Total Income
Tax rebate u/s 88
As a percentage of the premium paid upto
Rs. 70,000
Tax exemption
U/S 80CCC
Upto Rs. 10,000
Rs.
lac
20% %
1.5 – 5 lac
15%
Above
Rs. 5 lac
 
Rs. 10,000
Tax
exemption
Irrespective of
Gross Total
Income

34. Is there any rebate?

35. Rebates will be added to the PPA
Mode of payment:
Yearly: 2% of Contribution
Half-Yearly: 1% of Contribution
Quarterly: no rebate
Monthly: Extra charge 5%
Contribution amount:
From Rs. 1 lakh up to Rs.199,500: 1% of Contribution
From Rs. 2 lakhs up to Rs. 499,500: 2% of Contribution
Rs. 5 lakhs and above: 3% of Contribution
Life cover premium
Women: 5% discount regular mode / 1% for Single mode
Rebates are cumulative

36. Flexible / Single contribution
Surrender Value
Flexible / Single contribution
Regular contribution
Policy Year
Duration till vesting age
Less than 6 years
6 years and above 1
NIL 2
80% of PPA 3
80% of PPA
4th year and onwards
85% of PPA
-do-
85% of PPA

37. Some illustrations

38. Illustration that will tell you your Yearly Pension Amount and the total amount accumulated in your PPA if you contribute Rs. 10,000 annually
Age at retirement
60 years
65 years
Age at entry
Retirement/PPA Amount* (Rs.)
Yearly Pension Amount ** (Rs.) 30
790,370
59,562
1,114,460
94,740 35
548,190
41,312
67,189 40
367,220
27,738
46,602 45
221,990
16,729
31,217
Note:
* Retirement/Personal Pension Account amount available at retirement illustrated are based on assumptions. This is worked out at the rate of 6% per annum (with a bonus of 2% over and above the base rate of 4%. The base rate of 4% is guaranteed for the first 7 years as of now).The actual rate for each year will be based on Company’s performance. Please request for a sales illustration for a complete projection
** Yearly Pension Amount payable to the policyholder are indicative and are not guaranteed. It is assumed the entire Retirement Amount is used to purchase Life Time Annuity. This option entitles you to receive this amount every year as long as you survive.

39. An illustration that tells you what your Annual Contribution should be to get a Retirement Amount of Rs. 1 lakh
Age at retirement
60 years
65 years
Age at entry
Annual Contribution*
(Rs.) 30
1,265
897 35
1,824 40
2,723 45
4,310
Note:
* Annual Contribution amount illustrated are based on assumptions. This is worked out at the rate of 6% per annum (with a bonus of 2% over and above the base rate of 4%. The base rate of 4% is guaranteed for the first 7 years as of now).The actual rate for each year will be based on Company’s performance. Please request for a sales illustration for a complete projection. Minimum Annual Contribution Amount should be not less than Rs. 3,000.

40. Lifelong Pensions
The competitors

41. Competitors to Lifelong Pensions
Unit Linked
ICICI: Life Time Pension
ICICI: Life Link Pension
AVIVA: Pension Plus
AMP Sanmar: Bhagya Shree
Non Unit Linked
HDFC: Personal Pension Plan
ICICI: Forever Life
LIC: New Jeevan Suraksha
OM KOTAK: Kotak Retirement Plan
TATA AIG: Nirvana
AVIVA: Pension Plus
AMP Sanmar: Bhagya Shree
And NOW
SBI Life: Lifelong Pensions

42. Lifelong Pensions / Personal Pension Plan (HDFC)
Lifelong Pensions (SP)
Lifelong Pensions
(RP)
Personal Pension
(SP)
Personal Pension (RP)
Min/Max Age at entry
18 / 65
35 / 60
18 / 60
Min/Max Vesting Age
50 / 70
50 /70
Min/Max term
2 / 52
5 / 35
10 / 35
Min/Max contribution
Rs. 10,000
Rs. 3,000 p.a.
(Min. Rs. 500)
Min. SA Rs. 25,000
Y: Rs. 1,800
Guaranteed returns
4% for the first seven year No
Death benefit
PPA
Contribution 8% p.a.
Extra additional contribution
Yes
Min. Rs. 500
Surender Value
Y1: 0
Y2-3: 80% PPA
Y4: 85% PPA
Policy Term more than 6Y:
Y1/2/3: 0
Y4++: 85% PPA
Y2++: 50% SP + VB
Y4++: 50% P – 1st YP
Free choice of annuity provider

43. Lifelong Pensions / Forever Life(ICICI)
Lifelong Pensions (SP)
Lifelong Pensions (RP)
Personnal Pension (RP)
Min/Max Age at entry
18 / 65
18 / 60
Min/Max Vesting Age
50 / 70
50 /70
Min/Max term
2 / 52
5 / 30
Min/Max contribution
Rs. 10,000
Rs. 3,000 p.a.
(Min. Rs. 500)
Min. SA: Rs. 50,000
Guaranteed returns
4% for the first seven year
3.5% p.a. for the first 4 years
Death benefit
PPA
SA + VB
Extra additional contribution
Yes
Min. Rs. 500 No
Surender Value
Y1: 0
Y2-3: 80% PPA
Y4: 85% PPA
Policy Term more than 6Y:
Y1/2/3: 0
Y4++: 85% PPA
Y4++: 35% PP – 1st YP
Free choice of annuity provider

44. Lifelong Pensions / New Jeevan Suraksha (LIC)
Lifelong Pensions (SP)
Lifelong Pensions (RP)
New Jeevan Suraksha
Min/Max Age at entry
18 / 65
Min/Max Vesting Age
50 / 70
50 /70
50 / 79
Min/Max term
2 / 52
2/ 35
Min/Max contribution
Rs. 10,000
Rs. 3,000 p.a.
(Min. Rs. 500)
SP: Rs. 10,000
RP: Rs. 2,500
Guaranteed returns
4% for the first seven year
No. Only in case of death
Death benefit
PPA
Contribution 5% p.a.
Extra additional contribution
Yes
Min. Rs. 500 NO
Surender Value
Y1: 0
Y2-3: 80% PPA
Y4: 85% PPA
Policy Term more than 6Y:
Y1/2/3: 0
Y4++: 85% PPA
SP: Y1/2: 0 Y3++: 90%P
RP: Y1/2:0, Y3++: 90%P-1st YP + VB
Free choice of annuity provider

45. Lifelong Pensions / Kotak Retirement Plan
Lifelong Pensions (SP)
Lifelong Pensions (RP)
Kotak Retirement Plan (RP)
Min/Max Age at entry
18 / 65
18 / 60
Min/Max Vesting Age
50 / 70
50 /70
45 / 65
Min/Max term
2 / 52
5 / 30
Min/Max contribution
Rs. 10,000
Rs. 3,000 p.a.
(Min. Rs. 500)
Y / HY / Q
YP: Rs. 4,000
Guaranteed returns
4% for the first seven year No
Death benefit
PPA
SA – P due + PPA
Extra additional contribution
Yes
Min. Rs. 500
Max 25% SA p.a.
Surender Value
Y1: 0
Y2-3: 80% PPA
Y4: 85% PPA
Policy Term more than 6Y:
Y1/2/3: 0
Y4++: 85% PPA
No surender
value
Free choice of annuity provider

46. Lifelong Pensions / Nirvana (TATA AIG)
Lifelong Pensions (SP)
Lifelong Pensions (RP)
NIRVANA (RP)
Min/Max Age at entry
18 / 65
Min/Max Vesting Age
50 / 70
50 /70
50 / 65
Min/Max term
2 / 52
10 / 42
Min/Max contribution
Rs. 10,000
Rs. 3,000 p.a.
(Min. Rs. 500)
Y/HY/Q/M
Min SA: Rs. 50,000
Guaranteed returns
4% for the first seven year
After 10 Years:
G.A.=10% of SA (1 time)
Death benefit
PPA
SA + G.A. (if any) + VB (from Y5 onwards)
Extra additional contribution
Yes
Min. Rs. 500 NO
Surender Value
Y1: 0
Y2-3: 80% PPA
Y4: 85% PPA
Policy Term more than 6Y:
Y1/2/3: 0
Y4++: 85% PPA
Y4++: 30%P – 1st YP+VB
Free choice of annuity provider

47. Lifelong Pensions / Pension Plus (AVIVA)
Lifelong Pensions (SP)
Lifelong Pensions (RP)
Pension plus (RP)
Min/Max Age at entry
18 / 65
Min/Max Vesting Age
50 / 70
50 /70
Min/Max term
2 / 52
5 / 52
Min/Max contribution
Rs. 10,000
Rs. 3,000 p.a.
(Min. Rs. 500)
Y / HY / Q / M
YP: Rs. 6,000
Guaranteed returns
4% for the first seven year
YP: 6,000 – 7,499: 103%P
YP: 7,500 – 9,999: 104%P
YP 1 lac & above: 105%P
(1 time)
Death benefit
PPA
Extra additional contribution
Yes
Min. Rs. 500
Min. Rs. 1,000
Surender Value
Y1: 0
Y2-3: 80% PPA
Y4: 85% PPA
Policy Term more than 6Y:
Y1/2/3: 0
Y4++: 85% PPA ?
Free choice of annuity provider

48. Lifelong Pensions / BHAGYA SHREE (AMP Sanmar)
Lifelong Pensions (SP)
Lifelong Pensions
(RP)
BHAGYA SHREE
(SP)
BHAGYA SHREE (RP)
Min/Max Age at entry
18 / 65
Min/Max Vesting Age
50 / 70
50 /70
45 / 70
Min/Max term
2 / 52
5 / 52
Min/Max contribution
Rs. 10,000
Rs. 3,000 p.a.
(Min. Rs. 500)
Min. SA
Rs. 1,00,000
Y: Rs. 2,500
Guaranteed returns
4% for the first seven year No
Death benefit
PPA
Extra additional contribution
Yes
Min. Rs. 500
Min. Rs. 2,500
Surender Value
Y1: 0
Y2-3: 80% PPA
Y4: 85% PPA
Policy Term more than 6Y:
Y1/2/3: 0
Y4++: 85% PPA
Y1/2/3/ 0
Y4: 90% PPA
Y5: 95% PPA
Y6++: 100% PPA
Free choice of annuity provider

49. Lifelong Pensions / Life Time/Life Link (ICICI)
Lifelong Pensions (SP)
Lifelong Pensions (RP)
Life Link
(SP)
Life Time (RP)
Min/Max Age at entry
18 / 65
18 / 62
18 / 60
Min/Max Vesting Age
50 / 70
50 /70
Min/Max term
2 / 52
3 / 52
10 / 52
Min/Max contribution
Rs. 10,000
Rs. 3,000 p.a.
(Min. Rs. 500)
SA: Rs. 40,000
Y/HY/Q/M
YP: Rs. 10,000
M: Rs. 833
Guaranteed returns
4% for the first seven year No
Death benefit
PPA
100% / 105% P paid
+ PPA
PPA+
SA if any
Extra additional contribution
Yes
Min. Rs. 500
Surrender Value
Y1: 0
Y2-3: 80% PPA
Y4: 85% PPA
Policy Term more than 6Y:
Y1/2/3: 0
Y4++: 85% PPA
Y2++: unit value
Y4++: unit value
Free choice of annuity provider

50. How to sell Lifelong Pensions?

51. According to their age group, why should they buy Lifelong Pensions Scheme?
18 to 30 yrs:
Accumulating money at a lower price
31 to 40 yrs:
Looking for Tax benefit, Section 80 CCC
41 to 50 yrs:
Start building Pension
51 to 60 yrs:
Act now, otherwise…
60 to 70 yrs:
Financial independance post retirement

52. Lifelong Pensions USP’s
Save Tax u/s 80 CCC irrespective of the tax bracket.
Guaranteed returns 4% till March 2010.
Flexibility in premium contribution, in mode of payment, in retirement age, in annuity options and annuity provider.
Making the right choice for long commitment is now easy…
Never too young to start building pension and….
Never too late to benefit from lifetime income….
LIFELONG PENSIONS HELPS YOU
TO MAINTAIN YOUR EXISTING LIFESTYLE

53. THANK YOU