The SBI Life Insurance – Kalyan ULIP under Group Employee Benefit Products is an exclusive plan for both official and non official organizations. It is a non participating unit linked group insurance plan. The benefits of the policy are available to all not only to the master policy holder.
The key features of SBI Life – Kalyan ULIP under Group Employee Benefit Products are as follows:
- The fund management charges are reasonably low that other plans.
- The loyalty add-ons on the plan are higher and based on the fund size.
- This policy also brings the combination advantage for higher benefits. On request the unit linked master policies will be added to calculate the loyalty addition.
- The in build life cover manages the fund and also takes care of the family members. It comes with the routine life cover of Rs 1000 for each member at no additional charge.
- The systematic transfer options under this policy ride quickly the ups and downs of the capital market. Thus with this policy the customer can take the risk unpaid to the market linked volatility at no additional cost.
The eligibility for SBI Life – Kalyan ULIP under Group Employee Benefit Products are as follows:
- The minimum entry age for the policy is 18 years.
- The maximum entry age for the policy is 79 years.
- The minimum group size for the policy is 10.
- There is no maximum limit for size of the insurance policy.
- Contributions towards the policy can be made by the master policy holder along with the group members.
The benefits of SBI Life – Kalyan ULIP under Group Employee Benefit Products are as follows:
- In case of the death of a member the sum assured of Rs 1000/- will be paid along with plan benefit amount.
- Benefits will be paid to the master policy holder for onward transmission to the beneficiary.
In case of survival benefit the amount will be paid from, for DB from MPA and for DC from GMA-1 and/or GMA-2.
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Tags: insurance policy, SBI Life Insurance, SBI Life Kalyan ULIP