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Home > Corporate Solutions > Retirement Solutions > SBI Life - CapAssure Gold

SBI Life - CapAssure Gold
(UIN : 111N091V02)

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Introduction
Key Features
Benefits
 
 
Introduction:
 
This is a variable, non-linked non-participating fund based group insurance product. The product would be offered only to employer – employees groups i.e. to the employers/ trustees/ State governments/ Central government/ PSUs who want SBI Life to manage their employees’ gratuity, leave encashment and superannuation benefit schemes. The nature of the schemes may be Defined Benefit (DB) or Defined Contribution (DC) or Hybrid.
 
This is an ideal plan which caters to the needs of the group administrators / employers / trustees / State governments/ Central government/ PSUs who want to fund group members’ retirement benefits and other welfare benefits.
 
 
What does SBI Life - CapAssure Gold offer?
 
This Group plan covers the following group schemes:
Gratuity
Leave Encashment
Superannuation Scheme
The nature of the schemes may be Defined Benefit (DB) or Defined Contribution (DC) or Hybrid.
 
 
Key Benefits of SBI Life - CapAssure Gold:

 
Scheme Benefit
Depending on the scheme rules, the benefits in the event of death, retirement, resignation, withdrawal or any other exit of the members as per scheme rules will be payable. Such benefits will be payable from the policy account of the master policyholder or member as applicable.
 
Insurance Benefit
In the event of death of the member sum assured will be paid to the nominee, as advised by the master policyholder. The insurance cover is compulsory for Gratuity and Leave Encashment schemes. There is no insurance cover for superannuation schemes. Such benefits will be payable by the Company
 
 
Additional details:
 
Customised Services:
  Dedicated service team as one point of contact
  Dedicated operations & Claim department to cater to your operational needs.
  Monthly investments newsletter to keep our clients abreast with the latest developments
 
Exclusions:
  No exclusion is applicable.
 
 
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.
 
Free look Period:
 
The Master Policyholder can review the terms and conditions of the policy, within 30 days from the date of the receipt of the policy document and upon disagreement to any of the terms and conditions, the master policyholder has an option to return the policy stating the reasons for objection, in which case the master policyholder shall be entitled to a refund of the amount equal to premium paid less expenses incurred on stamp duty.
 
These are only the brief features of the plan. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
73.ver.01-03/17 WEB ENG
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI clarifies to public that • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. • IRDAI does not announce any bonus.
• Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
 
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IRDAI Registration no. 111 issued on 29th March 2001.
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Registered & Corporate Office: SBI Life Insurance Co. Ltd, Natraj, M.V. Road & Western Express Highway Junction, Andheri (East), Mumbai - 400 069.
CIN: U99999MH2000PLC129113
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