Looking to simplify employee benefit management while offering comprehensive financial protection?
SBI Life – Kalyan ULIP Plus is a Unit-linked, Non-Participating, Group Pension Product designed to help employers manage gratuity, leave encashment, and superannuation funds—all under one efficient and professionally managed platform.
Empower your workforce with long-term financial security while you enjoy seamless administration and expert fund management.
Why Choose SBI Life – Kalyan ULIP Plus?
1. Security That Employees Can Count On
- Ensures long-term financial protection and retirement planning for employees.
- Provides a corpus amount accumulated during employment.
- Offers financial security to beneficiaries in case of unforeseen events.
- Includes higher loyalty additions when multiple policies of the same company are clubbed.
2. Reliability Backed by SBI Life
- A dedicated servicing team supports operations and fund tracking.
- Transparent management with real-time access and unlimited online fund switches for Leave Encashment and Gratuity schemes.
3. Flexibility Tailored to Every Organisation
- Choose from six fund options with a Systematic Transfer Option to reduce investment risk.
- Handles Defined Benefit (DB), Defined Contribution (DC), or hybrid schemes.
- Offers fund management at both master policy and member levels.
- Attractive tax benefits as per current Income Tax laws.
Key Highlights
- ULIP-Based Group Plan
- Designed for Employer–Employee Benefits
- Professional Fund-Based Management
- SBI Life – Kalyan ULIP Plus
- Covers Gratuity, Leave Encashment, and Superannuation
Features That Add Real Value
Professional Fund Management
Your employee benefit schemes are managed by experienced fund managers who follow transparent and disciplined investment strategies.
Fusion Advantage
Enjoy higher loyalty additions by combining multiple group policies under the same master policyholder.
Six Dynamic Fund Options
Employers can choose the best mix based on risk appetite and long-term goals.
Includes the Systematic Transfer Option to safeguard investments from market volatility.
Versatile Scheme Handling
- Supports DB, DC, or a combination of both schemes.
- Suitable for enterprises of all sizes.
Unlimited Online Switches
Under Leave Encashment and Gratuity schemes, make unlimited fund switches and contribution redirections at no extra cost.
Advantages for Your Organisation
Security
- Guaranteed protection for employees’ long-term benefits.
- A built-up corpus payable at resignation, retirement, exit, withdrawal, or death.
- ₹10,000 insurance benefit payable to the nominee in case of death (under Gratuity & Leave Encashment schemes).
Reliability
- Dedicated service support for on-time processing and seamless administration.
Flexibility
- Manage risks through systematic investment transfers.
- Choose between managing funds at organisation or member level.
- Tax benefits available as per prevailing tax laws.
Scheme Benefits
Depending on scheme rules, the policy pays benefits during:
- Retirement
- Resignation
- Death
- Withdrawal
- Any form of exit permitted under policy guidelines
Payouts are processed from the respective policy account (master or member).
Insurance Benefit
In the unfortunate event of the member’s death:
Nominee receives ₹10,000 Sum Assured (applicable for Leave Encashment & Gratuity schemes).
This is in addition to the scheme benefit.
Important Investment Risk Note
Unit Linked Life Insurance products are market-linked and not traditional plans. NAVs fluctuate based on capital market performance.
Investors bear the investment risk.
Past performance does not guarantee future returns.
The fund names do not represent performance or future returns.
SBI Life Insurance Co. Ltd. and SBI Life – Kalyan ULIP Plus are product names only and do not represent quality or guarantees.
Please review the policy brochure and consult a tax advisor before purchase.
Tax Benefits
You may be eligible for tax deductions/exemptions as per the prevailing Income Tax laws in India.
These laws are subject to change. Please consult your tax advisor for personalised guidance.
Who can buy?
Disclaimer: This page provides a summary of SBI Life – Kalyan ULIP Plus, a Unit-linked, Non-participating, Group Pension Product. All benefits are subject to policy terms, investment risks, market fluctuations, and applicable tax laws in India. Please read the official brochure carefully and consult your tax and financial advisor before purchasing any insurance plan.