Smart annuity plus plan offers guaranteed income for lifetime. SBI Life smart annuity plus is a retirement plan with ✓Single Premiums ✓Annuity Options ✓Regular Lifetime Income.

1. Annuity Insurance

2. What is Annuity Insurance ?
• An annuity insurance is a long-term investment contract
between a person and an insurance company in which the
person makes a series of payments or a single payment in
exchange for regular payments or income, either now or in
the future.
• When a person is either facing unemployment or has retired,
annuities serve to provide a consistent stream of income.
Individual demands can be catered to while creating
annuities.

3. Different Types of Annuities
Two main categories can be used to categories annuities:
Immediate annuity:
The time between the accumulation phase and the disbursal phase in an instant annuity is
remarkably short. The accumulation phase of an annuity policy is the time when the
policyholder is paying premiums. The annuity payments are given to the policyholder
during the disbursal phase. According to the terms and circumstances of the annuity policy,
payouts are handed out immediately in the case of an immediate annuity.
• Deferred annuity:
An immediate annuity is the complete opposite of a deferred annuity. In a deferred
annuity, there is a protracted period of time between the accumulation phase and the
point at which the policyholder receives annuitized payments. Payouts in a deferred
annuity scheme begin at a future date rather than now because of a lengthier
accumulation phase.

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