IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
Care, transparency and flexibility!
Systematic transfer option
Customized services and dedicated relationship manager
'A unit-linked, non-participating, group pension product'.
Do you want to offer your employees a range of must-have protection and savings products while taking the hassle out of managing these funds?
SBI Life – Kalyan ULIP Plus is a plan for Employer-Employee groups. It is a one-stop solution that combines the benefits of gratuity, leave encashment and superannuation schemes for your employees while you benefit from efficient fund management.
This plan offers –
Security – take care of the protection and retirement needs of your employees
Reliability – dedicated service team
Flexibility – design the scheme for your employees as per your requirements
Empower your employees to make the most of their lives by securing their financial future.
SBI Life – Kalyan ULIP Plus
Employer – Employee Plans
A non-participating, unit linked fund based group insurance plan
Experienced and professional fund management for employee benefit schemes
Fusion advantage to provide higher loyalty addition rate
Six fund options including systematic transfer option
Can manage Defined Benefit (DB) or Defined Contributions (DC) schemes or a combination
Free unlimited online fund switches and contributions redirections under Leave Encashment and Gratuity schemes
Employees receive corpus amount accumulated during their employment period
Financial security for their beneficiary in case of any eventuality
Higher loyalty additions by clubbing multiple policies held by single or group companies of the same master policyholder
Dedicated services catering to your operational needs
Reduce investment risk through systematic transfer option
Fund management for master policy or member level depending on the type of scheme
Avail tax benefits*
Depending on the scheme rules, the benefits are payable in the event of death, retirement, resignation, withdrawal or exit due to other reasons. These benefits will be paid from the policy account of the master policyholder or member as applicable
In the event of death of the member, Sum Assured of Rs.1,000 will be paid to the nominee.
This benefit is available under Leave Encashment and Gratuity schemes and is payable in addition to the scheme benefit.
NOTE ON THE RISK OF INVESTMENT UNDER THIS POLICY
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.
Past performance of the Fund Options is not indicative of future performance. All benefits payable under this policy are subject to tax laws and other fiscal enactments in-effect from time to time, please consult your tax advisor for details.
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 Life Mitra 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.
Income Tax benefits/exemptions are as per the applicable income tax laws in India, which are subject to change from time to time. Please consult your tax advisor for details.
For more details on risk factors, terms and conditions of the SBI Life – Kalyan ULIP Plus, read the following documents carefully.
*The Premium shall be paid by the Master Policyholder as per the funding valuation report in accordance with the funding requirements as per scheme rules and as per extant accounting standard governing the measurement of long term employee benefits.
74.ver.01-02-20 WEB ENG
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.