Insurance

Life Kalyan Plus

A unit-linked, non-participating group pension product with six funds, switches, contribution redirection and a ₹10,000 death benefit for eligible schemes.

Policy typeUnit-linked, non-participating group pension product UIN111L079V03 Group sizeMinimum 10 members; no limit for approved fund

Official product page ↗Compare category

✓ Manually checked 23 Aug 2026 · active

SBI Life Kalyan ULIP Plus official banner

Offered byState Bank of India

India, subject to Life group-scheme rules

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Policy typeUnit-linked, non-participating group pension productView source

Life describes Kalyan Plus as a unit-linked, non-participating group pension product for employer and institutional schemes.

Source: Life Kalyan Plus
Page / section: Product overview
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

UIN111L079V03View source

The official page publishes 111L079V03.

Source: Life Kalyan Plus
Page / section: Product overview
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Group sizeMinimum 10 members; no limit for approved fundView source

The official eligibility table lists 10 members minimum and no limit for an approved fund.

Source: Life Kalyan Plus
Page / section: Who Can Buy
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Minimum contribution₹50,000 per scheme at inception; ₹5,000 per scheme for subsequent instalmentsView source

The official eligibility table publishes the two contribution minimums.

Source: Life Kalyan Plus
Page / section: Who Can Buy
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Insurance benefit₹10,000 payable to the nominee on a member's death under leave-encashment and gratuity schemes, in addition to the scheme benefitView source

The official plan-benefit section specifies ₹10,000 insurance benefit for eligible schemes.

Source: Life Kalyan Plus
Page / section: Plan Benefits
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

InsurerSBI Life Insurance Company LimitedView source

Life's official catalogue lists these individual and group products under Life Insurance Company Limited.

Source: Life online plans and group insurance catalogue
Page / section: Life plan catalogue
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Sum insured / cover₹10,000 death benefit in eligible schemesView source

The manually reviewed product statement says: “₹10,000 death benefit in eligible schemes”.

Source: Life Kalyan Plus — official product page
Page / section: Published policy benefits and amounts
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Entry ageAs per the applicable scheme rules; the official product table does not publish a universal numeric minimum or maximum age.View source

The current eligibility table states that age at entry and maturity age are as per scheme rules; it does not publish a universal age threshold for all schemes.

Source: Life Kalyan Plus — official product page
Page / section: Who Can Buy — Age at Entry and Maturity Age
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Policy termMinimum 1 year; no maximum published. The term and continuation are governed by the applicable employee-benefit scheme rules.View source

The brochure eligibility table publishes Term: 1 year minimum and no limit maximum.

Source: Life Kalyan Plus Brochure V03
Page / section: Page 6 — Eligibility Conditions
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Key exclusionsNo exclusions are applicable under this product. Benefits remain subject to scheme rules, availability of funds in the relevant policy accounts, applicable charges, tax law and unit-linked investment risk.View source

The brochure explicitly states that no exclusions are applicable; it separately states that benefits are limited to funds available in MPA, GMA-1, GMA-2 and/or MPEA accounts.

Source: Life Kalyan Plus Brochure V03
Page / section: Page 8 — Terms and Conditions
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Geographic limits₹10,000 payable to the nominee on a member's death under leave-encashment and gratuity schemes, in addition to the scheme benefitView source

The manually reviewed product record states: “₹10,000 payable to the nominee on a member's death under leave-encashment and gratuity schemes, in addition to the scheme benefit”.

Source: Life Kalyan Plus — official product page
Page / section: Published product metadata
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Benefits and features

Six fund options
Unlimited online switches
Four complimentary offline switches per policy year
Contribution redirection
₹10,000 death benefit in eligible schemes

Eligibility

Institutional group scheme; minimum group size and contributions are published by Life

Passing a listed condition does not mean the bank will approve an application.

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Life-cover needs estimate

See whether your current cover and savings may leave a gap for your family. This does not calculate an insurance premium.

Yearly household income to replaceThe income your family may need to replace.₹ten lakh rupees₹1,00,000₹1,00,00,000Years of income neededHow long your family may need that replacement income. years1 years30 yearsLoans still to be paidHome loans and other debts the cover may need to clear.₹twenty lakh rupees₹0₹5,00,00,000Cover and savings already availableExisting life cover and money already set aside for the family.₹five lakh rupees₹0₹5,00,00,000

Possible cover gap₹1,15,00,000one crore fifteen lakh rupees

Income your family may need₹1,00,00,000one crore rupees

Cover and savings already counted₹5,00,000five lakh rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

TableItemChoose column

Age at entry · MinimumAs per scheme rules

This value is copied from Kalyan Plus — eligibility and contribution limits. Check the table notes before relying on it.

Source: Life Kalyan Plus — official product page · Plan Benefits; Features; Who Can Buy Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 11 rows · 3 columnsKalyan ULIP Plus — eligibility and contribution limitsPublished minimum and maximum conditions transcribed from the current page, V03 brochure and V03 guide.View tableHide table

Scroll sideways to view every column

Kalyan ULIP Plus — eligibility and contribution limits
Item	Minimum	Maximum / condition
Age at entry	As per scheme rules	As per scheme rules
Maturity age	Not specified	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 instalment premium	₹5,000 per scheme	No limit
Life cover	₹10,000 per member under Leave Encashment and Gratuity schemes	Not applicable to Superannuation schemes
Superannuation guarantee	Higher of unit fund value or accumulated premiums (net of claims) at 0.10% p.a.	Subject to scheme/account rules
Online switches	Unlimited and free	Minimum 5% of switched-out amount must be reinvested in each selected fund
Offline switches	4 free per policy year	Not available for redirection/switching under Superannuation schemes
Offline redirections	4 free per policy year	Online redirections are free; scheme restrictions apply

Premium/contributions follow scheme funding requirements and applicable long-term employee-benefit accounting standards.

Life Kalyan Plus — official product page · Plan Benefits; Features; Who Can Buy · accessed 29 Aug 2026Open official source ↗

Table 2 · 8 rows · 3 columnsKalyan ULIP Plus — published chargesCharges transcribed from the V03 brochure and policy document.View tableHide table

Scroll sideways to view every column

Kalyan ULIP Plus — published charges
Charge	Published amount / rate	Condition
Allocation charge	Nil	All contributions
Administration charge — Defined Benefit	Nil	Defined Benefit schemes
Administration charge — Defined Contribution and other	₹20 per member per year	Defined Contribution and other schemes
Fund management charge	0.60% p.a. for all funds	Subject to applicable regulations
Mortality charge	₹1 per year per member per ₹1,000 sum assured	Life cover under eligible schemes
Surrender charge	0.05% of fund, capped at ₹5,00,000	Whole fund withdrawn before the third renewal
Switching charge	Nil	Online switches unlimited; offline switches limited as published
Redirection charge	Nil	Online redirections free; no redirection for Superannuation schemes

Taxes on charges apply according to tax rules. Charges may change with prior notice and regulatory approval.

Life Kalyan Plus Brochure V03 · Pages 5–6 — Charges and Benefits · accessed 29 Aug 2026Open official source ↗

Life Kalyan Plus

What the official sources publish

Benefits and features

Eligibility

Related official documents

Try the numbers

Life-cover needs estimate

Find the exact published value

Complete rates, limits and schedules

Related products

SBI General Arogya Top-Up Policy

SBI General Bharat Griha Raksha

SBI General Car Insurance

SBI General Cyber VaultEdge

SBI Life Kalyan ULIP Plus

What the official sources publish

Benefits and features

Eligibility

Related official documents

Try the numbers

Life-cover needs estimate

Find the exact published value

Complete rates, limits and schedules

Related products

SBI General Arogya Top-Up Policy

SBI General Bharat Griha Raksha

SBI General Car Insurance

SBI General Cyber VaultEdge

Life Kalyan Plus