IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Kalyan ULIP Plus

Beyond Coverage: Building Wealth for Tomorrow

Hassle free retirement cover for your employees

Know about SBI Life - Kalyan ULIP Plus

UIN: 111L079V03

Secure Retirement for Employees

Dedicated Service Team

Flexibility to Design Scheme

Know Your Life Insurance Plan

Features

Flexibility: Invest in ways that align with your vision and values for your employees' futures. SBI Life Kalyan ULIP Plus offers a thoughtfully curated range of six fund options designed to match your risk comfort levels, while seamlessly managing end-of-service benefits SBI Life Kalyan ULIP Plus covers Defined Benefit (DB) schemes, Defined Contribution (DC) schemes, or any hybrid arrangement that combines both.
 
Easy Fund Management: Navigate your SBI Life Kalyan ULIP Plus allocations with clarity, switching between funds as your strategy evolves. With unlimited online switches and up to four offline switches per policy year at no additional cost, comprehensive flexibility is maintained. This adaptability ensures your approach remains aligned with changing organisational priorities.
 
Redirect Your Contributions: Your premiums can be redirected to the fund that aligns to your evolving goals. SBI Life Kalyan ULIP Plus offers complimentary online redirections or four complimentary offline redirections annually. This ensures your plan adapts to your organisation's changing needs. This feature is not available for the Superannuation Schemes.
 
Flexible Payment Options: Financial planning works best when it aligns with your goals. SBI Life Kalyan ULIP Plus helps you make premium or contribution payments on a schedule that matches your unique circumstances.
 
Earn Loyalty Units: We recognise your commitment to your employees' financial well-being. Annual loyalty units are awarded after two complete policy years, rewarding your dedication to building a secure future for your team.

Advantages

Security: Create a foundation for a brighter future for your team with SBI Life Kalyan ULIP Plus. It ensures that your employees receive the corpus that have built throughout their years of service, as a tangible reward for their dedication and commitment.
 
Support: SBI Life Kalyan ULIP Plus provides financial coverage for your employees' loved ones. This ensures that their dreams and aspirations are cared for, allowing their families to move forward with dignity and confidence.
 
Extra Benefits: Consolidating multiple policies within SBI Life Kalyan ULIP Plus unlocks enhanced loyalty benefits. This honours sustained commitment with meaningful rewards, recognising the value of long-term partnership.
 
Reliability: Focus on building what's next without the stress and administrative paperwork of managing employee funds. SBI Life Kalyan ULIP Plus delivers the support you need for seamless management. Allowing you to focus on planned business priorities while your team's future remains secure.
 
Flexibility: Whether allocating for the entire group or tailoring arrangements for individual members, SBI Life Kalyan ULIP Plus helps you manage funds in the way that serves your organisation best. Your approach adapts to your unique needs, ensuring every team member receives appropriate support.
 
Tax Benefits You may be eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time

Plan Benefits

Scheme Benefit: 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
 
Insurance Benefit: In the event of death of the member, Sum Assured of Rs.10,000 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 ineffect 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.
 
Tax Benefits 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.

Downloads

For more details on risk factors, terms and conditions of SBI Life – Kalyan Ulip Plus, read the following documents carefully.

• Product Brochure/Prospectus

• Product Guide

• Policy Document

• Customer Information Sheet (CIS)
 

Who Can Buy?

  Minimum Maximum
Age at Entry:(last birthay) As per Scheme Rules As per Scheme Rules
Maturity Age:(last birthay) - As per Scheme Rules
Group Size 10 members
(No limit for Approved Fund)		 As per Scheme Rules
Term 1 year No limit
Premium at Inception ₹ 50,000 per scheme No limit
Subsequent Installment Premium ₹ 5000 per scheme No limit

The Premium/Contributions shall be paid in accordance with the funding requirements as per scheme rules and as per extant accounting standard governing the measurement of long term employee benefits.

Frequently Asked Questions

SBI Life Kalyan ULIP Plus is a Unit-linked, Non-participating Group pension product designed for em-ployer-employee groups, including employers, trustees, state governments, central government enti-ties, PSUs, banks, financial institutions, and other group administrators with a minimum strength of 10 members seeking comprehensive management of their employees' Gratuity, Leave Encashment, and Superannuation Schemes.

Your organisation can enjoy meaningful tax benefits when you invest in SBI Life Kalyan ULIP Plus plan under prevailing Indian tax laws, though these provisions evolve. To fully understand how these advantages can work in your favour and strengthen your employees’ and your organisa-tional financial position, we encourage you to speak with your tax advisor. Tailored guidance ensures you maximise the value of your investment while building a secure future for your team.

View All

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. For further details, click here. Please consult your tax advisor for details.
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