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Product Information
Group Plans SBI Life – Kalyan ULIP Plus
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


    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 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.
    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.
Minimum Maximum
Age of Entry 18 Yers 79 Years
Maturity Age N.A 30 Years
Group size 10 Members No Limit
Term 1 Year No Limit
Premium * at Inception Rs.50,000 No Limit
Subsequent Installment Premium* Rs.5,000 per installment No Limit