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Home > Corporate Solutions > Retirement Solutions > SBI Life - Kalyan ULIP Plus

SBI Life - Kalyan ULIP Plus
(UIN : 111L079V02)

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Salient Features
Additional details


Gratuity, Superannuation…Leave Encashment….Savings for Retirement… the must benefits for your employees/ group members….and while deciding on how to manage these sacred funds … you would like to have a strong partner with an effective solution.

SBI Life - Kalyan ULIP Plus is a non-participating, unit linked fund based group life insurance product. It offers features that benefit not only the Master Policyholder but also to each Group Member. This plan is a one-stop solution to all your fund management needs offered to employer-employee groups only. You get the flexibility of paying in your premium at any time during the year according to fund valuation report or scheme rules.

What does SBI Life - Kalyan ULIP Plus offer?
A Group ULIP platform to manage your Group funded needs as below
Defined Benefit (DB) scheme
Defined Contribution (DC) scheme
Hybrid scheme - combination of DB & DC Scheme
Salient Features of SBI Life - Kalyan ULIP Plus:
Loyalty Additions, based on Fund Size!
We know how loyalty should be rewarded. Higher the fund size higher will be the Loyalty Additions.
Systematic Transfer Option (STO): Ride smoothly the ups and downs of the capital markets!
Take advantage of this special rupee-cost-averaging technique which minimizes the risk due to market-linked volatility, at absolutely no extra cost. You simply park your sacred monies in Group STO Plus Fund and we will automatically invest the same in Group Growth Plus Fund through 12 equated installments over a period of three months, from the date of contribution.
Scheme Benefit - Depending on the scheme rules, the benefits in the event of death, retirement, resignation, withdrawal or any other exit of the members are payable. These benefits will be paid from the policy account of the master policyholder or member as applicable
Insurance Benefit - In the event of death of the member sum assured will be paid to the nominee, as advised by the master policyholder. The insurance cover is compulsory for Gratuity and Leave Encashment schemes. There is no insurance cover for Superannuation schemes. These benefits will be paid by the SBI Life.
Who can be part of the Scheme?
Group Members between the age of 18 years and 79 years as on their last birthday
Group Size of  10 (No limit for approved fund) and above
  Contributions can be made by both Master Policyholder and the Group Members
Additional details:
Customised Services:
  Dedicated service team as one point of contact
Dedicated operations & Claim department to cater to your operational needs.
  Legal advice on trust formation and other related query.
  Investment counseling : Conference-calls with our Investment Team
  Help in creation of Trust Deeds, Deed of Variations, CIT filing etc.
Monthly investments newsletter to keep our clients updated on the latest developments.
Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors.
The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.
The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
SBI Life Insurance Co. Ltd. is only the name of the Insurance Company and SBI Life - Kalyan ULIP Plus is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document of the insurer.
The above information is a brief summary of SBI Life - Kalyan ULIP Plus. These are only the brief features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
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BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI clarifies to public that • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
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CIN: U99999MH2000PLC129113
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