SBI Life Saral Pension
IRDAI's standardized immediate annuity product, available from SBI Life, offering a simple life annuity with return of 100% of purchase price on death — transparent, portable, and guaranteed.
Data verified: 15 July 2026
IRDAI Standard Product
Saral Pension is a standardized product mandated by IRDAI — the same features, same name, and same benefit structure across all insurers. Ideal for clients who want simplicity.
Return of Purchase Price
On the annuitant's death, 100% of the purchase price is returned to the nominee — no corpus is lost.
Joint Life Option
The same policy can cover both spouses — annuity continues to the surviving spouse at 50% or 100%.
Loan Available
Unlike most annuity products, Saral Pension allows a loan facility after 3 months from policy start.
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Quick Facts
Entry Age
40–80 years
Policy Term
Whole life
Premium Paying Term
Single premium
✓ Last verified 15 Jul 2026
Premium Modes