Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Policy typeNon-linked, non-participating general annuity group productView source
The official page describes Swarna Jeevan Plus as a general annuity group product with immediate or deferred income.
- Source
- Life Swarna Jeevan Plus
- Page / section
- Product overview
- Accessed
- 23 Aug 2026
- Confidence
- high
UIN and product codeUIN 111N131V11; product code 2SView source
The official page publishes 111N131V11 and product code 2S.
- Source
- Life Swarna Jeevan Plus
- Page / section
- Product overview
- Accessed
- 23 Aug 2026
- Confidence
- high
Group sizeMinimum 10 members; no maximumView source
The official eligibility table lists a 10-member minimum and no maximum.
- Source
- Life Swarna Jeevan Plus
- Page / section
- Who Can Buy
- Accessed
- 23 Aug 2026
- Confidence
- high
Member entry age30 years minimum for most annuity options; 45 years minimum under deferred annuity options; maximum 85 yearsView source
The eligibility table gives option-specific member entry ages and an 85-year maximum.
- Source
- Life Swarna Jeevan Plus
- Page / section
- Who Can Buy
- Accessed
- 23 Aug 2026
- Confidence
- high
Payout frequencyMonthly, quarterly, half-yearly or annually; immediate or deferred income optionsView source
The official overview lists four payout frequencies and immediate/deferred income choices.
- Source
- Life Swarna Jeevan Plus
- Page / section
- Product overview
- Accessed
- 23 Aug 2026
- Confidence
- high
InsurerSBI Life Insurance Company LimitedView source
Life's official catalogue lists these individual and group products under Life Insurance Company Limited.
- Source
- Life online plans and group insurance catalogue
- Page / section
- Life plan catalogue
- Accessed
- 23 Aug 2026
- Confidence
- high
Key coverageRetirement income; Immediate or deferred annuity; Four payout frequenciesView source
The manually reviewed product benefits state: “Retirement income; Immediate or deferred annuity; Four payout frequencies”.
- Source
- Life Swarna Jeevan Plus — official product page
- Page / section
- Published coverage and benefits
- Accessed
- 23 Aug 2026
- Confidence
- high
Premium / purchase priceSingle purchase price is set so the selected annuity option can pay at least ₹1,000 monthly, ₹3,000 quarterly, ₹6,000 half-yearly or ₹12,000 yearly; no maximum is published and the price is subject to the board-approved underwriting policy.View source
The official table sets minimum annuity payouts by payment frequency and states that premium is whatever is required to provide the chosen minimum annuity; the maximum follows the board-approved underwriting policy.
- Source
- Life Swarna Jeevan Plus
- Page / section
- Who Can Buy — Annuity Payout and Premium
- Accessed
- 28 Aug 2026
- Confidence
- high
Policy termThe master policy continues until the last annuitant is alive and/
The official table gives a 1–10 year deferment period in one-year multiples and states that the master policy continues until the last annuitant is alive and/or annuity is being paid under scheme rules.
- Source
- Life Swarna Jeevan Plus
- Page / section
- Who Can Buy — Deferment Period and Policy Term
- Accessed
- 28 Aug 2026
- Confidence
- high
Key exclusionsNo exclusions are applicable under this product, according to the current official product page.View source
The official page explicitly states: no exclusions are applicable under this product.
- Source
- Life Swarna Jeevan Plus
- Page / section
- Exclusions
- Accessed
- 28 Aug 2026
- Confidence
- high
Waiting periodNo separate waiting period is published. Immediate annuity payments begin under the selected option and deferred options postpone payouts for the chosen 1–10 year deferment period; this deferment is not a claim waiting period.View source
The official page offers immediate and deferred annuity options and publishes a 1–10 year deferment period, but does not state a separate waiting-period rule.
- Source
- Life Swarna Jeevan Plus — official product page
- Page / section
- Plan benefits and Who Can Buy — deferment period
- Accessed
- 29 Aug 2026
- Confidence
- high
Sum insured / coverNot applicable as a sum-insured benefit: the product is an annuity purchased with a single purchase price, and the published benefit is an annuity instalment (minimum ₹1,000 monthly, ₹3,000 quarterly, ₹6,000 half-yearly or ₹12,000 yearly).View source
The eligibility table publishes minimum annuity instalments and a purchase-price-based premium; it does not define a sum-insured amount for this annuity product.
- Source
- Life Swarna Jeevan Plus — official product page
- Page / section
- Who Can Buy — Annuity Payout and Premium
- Accessed
- 29 Aug 2026
- Confidence
- high
Second-annuitant age18 years minimum and 85 years maximum; the age difference between primary and secondary annuitants cannot exceed 30 years.View source
The official eligibility table gives second-annuitant ages of 18–85 years and the note limits the age difference between the two lives to 30 years.
- Source
- Life Swarna Jeevan Plus — official product page
- Page / section
- Who Can Buy — age at entry
- Accessed
- 29 Aug 2026
- Confidence
- high
Annuity optionsSingle and joint-life options including life annuity, refund-of-purchase-price options, annuity certain for 5–35 years, increasing annuity at 1%–10% in 0.25% steps, NPS Family Income and deferred options.View source
The brochure lists single and joint annuity options, 5/20/ 35-year certain periods, increasing rates from 1% to 10% in 0.25% multiples, Family Income and 1–10 year deferred options.
- Source
- Life Swarna Jeevan Plus V11 product brochure
- Page / section
- Pages 2–8 — annuity options
- Accessed
- 29 Aug 2026
- Confidence
- high
Free-look period30 days from receipt of the master policy document or certificate of insurance for non-compulsory schemes.View source
The brochure provides a 30-day free-look period for non-compulsory schemes, subject to the stated refund deductions.
- Source
- Life Swarna Jeevan Plus V11 product brochure
- Page / section
- Pages 13–14 — free-look provision
- Accessed
- 29 Aug 2026
- Confidence
- high
Surrender termsSurrender is allowed only under deferred life/
The brochure restricts surrender to the two deferred refund options and publishes GSV of 75% within the third year or 90% from the fourth year, plus accrued guaranteed additions.
- Source
- Life Swarna Jeevan Plus V11 product brochure
- Page / section
- Pages 14–15 — surrender
- Accessed
- 29 Aug 2026
- Confidence
- high
Geographic limitsRetirement income; Immediate or deferred annuity; Four payout frequenciesView source
The manually reviewed product record states: “Retirement income; Immediate or deferred annuity; Four payout frequencies”.
- Source
- Life Swarna Jeevan Plus — official product page
- Page / section
- Published product metadata
- Accessed
- 23 Aug 2026
- Confidence
- high
Benefits and features
- Retirement income
- Immediate or deferred annuity
- Four payout frequencies
Eligibility
- Group annuity; member and second-annuitant ages vary by annuity option
Passing a listed condition does not mean the bank will approve an application.
Related official documents
SBI Life Swarna Jeevan Plus annuity certificate CISofficial-cis · current · accessed 29 Aug 2026
↗SBI Life Swarna Jeevan Plus V11 product brochureofficial-product-brochure · current · accessed 29 Aug 2026
↗SBI Life Swarna Jeevan Plus — official product pageofficial-product-page · current · accessed 28 Aug 2026
↗SBI Life Swarna Jeevan Plus master-policy customer information sheetofficial-cis · current · accessed 29 Aug 2026
↗SBI Life Swarna Jeevan Plus — official product pageofficial-product-page · current · accessed 29 Aug 2026
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