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

Group Pension Plus

Turn their years of service into golden years of security

Know about SBI Life – Group Pension Plus

यूआईएन: 111L151V01

Life cover for member if opted
Flexibility with Three Group Pension Fund(s) Options
Avail Loyalty Addition

Know Your Life Insurance Plan

Features

Experienced Fund Management: Employees’ retirement savings are built over many years. An experienced team helps manage these superannuation funds with discipline. SBI Life – Group Pension Plus offers expert support to help manage employee benefit schemes.
 
Pension Fund Options: Organisations have their own approach to managing risk and growth. SBI Life – Group Pension Plus offers three distinct Group Pension Fund options designed to suit different risk profiles.
 
Loyalty Additions: The retirement corpus can grow stronger with added benefits over time. With SBI Life – Group Pension Plus, loyalty unit additions may be added to your funds, helping strengthen the overall value of pension fund.
 
Support for Schemes: Different organisations follow different retirement benefit structures. SBI Life – Group Pension Plus can support Defined Benefit (DB) schemes, where the retirement payout is pre-defined. This group retirement plan also support Defined Contribution (DC) schemes, and hybrid schemes where the final benefit depends on various factors.
 
Flexible Fund Management: Retirement needs can change over time. Having the flexibility to adjust funds helps organisations adapt to these changes with ease. SBI Life – Group Pension Plus offers free and unlimited online fund switches and redirections. This allows employers to easily manage and change their corporate pension plan as financial conditions evolve.

Advantages

Security: Building a sense of financial security is an important part of supporting your workforce. With SBI Life – Group Pension Plus, employees receive the value built during their employment years, helping secure their retirement. This group pension plan for employees also offers financial security for beneficiaries in case of unforeseen events. Higher loyalty additions may apply when multiple policies are held by the same Master Policyholder or its group companies.
 
Reliability: Managing employee retirement benefits requires dependable support. SBI Life – Group Pension Plus is a group retirement plan with dedicated services to help organisations handle operational and administrative needs with ease.
 
Flexibility: Different organisations may have different preferences for their corporate pension plan. SBI Life – Group Pension Plus allows you to choose pension funds based on your preferred risk and growth outlook. Fund management can be handled either by the Master Policyholder or the member, with the option of a ₹10,000 life cover for members.
 
Tax Benefits: Optimising retirement savings also means making the most of tax advantages. SBI Life – Group Pension Plus offers applicable tax benefits as per prevailing tax laws. This helps organisations plan better for retirement while ensuring financial stability.

Plan Benefits

Scheme Benefit: Depending on the Scheme Rules, the benefits will be payable in the event of death, retirement, resignation, withdrawal or any other exit of the member from the fund available under the relevant policy account of the Master Policyholder or Member, as applicable. Except for exits as per the Scheme Rules, no other withdrawals shall be allowed.
 
Insurance Benefit: You may opt for a life cover for your members, for Sum Assured of Rs 10,000 per member.

NOTE ON THE RISK OF INVESTMENT UNDER THIS POLICY

• The premium/contribution paid in Unit-linked Life Insurance policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market and the insured is responsible for his/her decisions.

• SBI Life Insurance Company Limited is only the name of the insurance company and SBI Life – Group Pension 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, intermediary, or Master Policy Document.

• 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. 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.

The above information is a brief summary of SBI Life – Group Pension Plus. These are only 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 adviser for details.

Downloads

For more details on risk factors, terms and conditions of SBI Life - Group Pension Plus, read the following documents carefully.

• Product Brochure/Prospectus

• Product Guide

• Policy Document


 

Who Can Buy?

Minimum Maximum
Age* at Entry
18 years 79 years
Maximum Maturity age -- 80 years
Policy Term One Year Renewable (OYR)
The Master Policy continues on an annually renewal basis.
Sum Assured (Optional) ₹10,000 per member (if opted)
Initial Premium / Contribution** ₹50,000 per scheme No limit
Group Size 10 Members
(No limit for approved schemes) 		No limit

*Age as on last birthday

**Trustee or Employer or Master Policyholder shall be required to confirm that such funding is required as per extant accounting standards governing the measurement of long-term employee or member benefits.

Frequently Asked Questions

A career is built over many years of dedication and effort. Behind those years are goals for a future where life can be lived with comfort and independence. Supporting retirement planning is a way of honouring their efforts and helping them look ahead with confidence. SBI Life – Group Pension Plus is a group retirement plan that helps organisations build a pension fund for their employees during their working years. Contributions made over time are managed so employees can receive financial support once they retire.

 

Explore SBI Life – Group Pension Plus and see how it can help you support your employees’ retirement journey.

Every organisation grows because of the people who show up every day. Over the years, employees contribute to building the organisation’s success. Supporting their retirement is a meaningful way to show that the organisation values their contribution.

 

SBI Life – Group Pension Plus can be opted for by organisations that wish to build a structured retirement benefit for their employees. This includes employer–employee groups such as companies, trusts, banks, financial institutions, PSUs, as well as state and central government bodies. This group pension plan can also be managed through trustees or other authorised group administrators.

 

Explore SBI Life – Group Pension Plus to see how your organisation can support employees beyond their working years.

For employers, offering a retirement plan is a meaningful way to value the people who help build the organisation every day. It recognises years of dedication and hard work. When employees know their future is being planned for, it brings a sense of assurance. It also encourages them to keep giving their best, knowing they are part of a workplace that cares about their journey.

 

This group pension plan for employees offers different pension fund options based on risk preferences. It also offers loyalty unit additions that may strengthen the retirement corpus over the years. In certain plan structures, employees may also receive financial security for their beneficiaries in case of unforeseen events. With professional fund management and dedicated service support, this group pension plan helps organisations manage employee retirement benefits in a structured and dependable way.

 

Explore SBI Life – Group Pension Plus to understand its features and benefits in detail.

Yes, if opted, life cover of ₹10,000 is available for the members, under SBI Life – Group Pension Plus, where in case of unfortunate event of the member’s death, the Sum Assured of ₹10,000 will be paid to the nominee.

 

This provides a small layer of financial support for the nominee while the retirement benefits continue to be managed as per the scheme rules/policy terms. By offering these plan choices, this corporate pension plan allows organisations to select the structure that best suits their approach.

 

Explore SBI Life – Group Pension Plus to understand the plan options in detail.

View All

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

 

*Tax Benefits: 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.
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