CapAssure Gold

Secure Your Employees' Retirement With Comprehensive Benefits

Your teams’ aspirations need a plan that delivers certainty. 

Know about SBI Life - CapAssure Gold

UIN: 111N091V03 | Product Code: 73

Consistent Returns

Dedicated Service Team

Wide Range of Scheme Rules

Know Your Life Insurance Plan

Features

Professional Fund Management: Our experienced fund managers oversee employee benefits with expertise and diligence, ensuring retirement savings accumulate steadily and reliably over time. Our Experienced and professional fund management provides clarity in long-term planning. Your employees can approach their post-retirement years with confidence, while your organisation fulfils its obligations with assurance of professional guidance.
 
Dedicated Support: Our dedicated point of contact manages all queries and requirements, ensuring efficient communication. Concerns regarding SBI Life - CapAssure Gold are addressed promptly and thoroughly. This provides reassurance to both you and your employees as you navigate retirement benefit schemes together.
 
Wide Range of Scheme Rules: SBI Life - CapAssure Gold supports employee benefits through multiple pathways, including fixed contributions, guaranteed benefits, or a combination of both ( Defined Contributions, Defined Benefits or combination of both namely Hybrid ) approaches. This versatility accommodates diverse workforce needs and organisational structures, ensuring every employee's financial future is established on a solid foundation tailored to their specific circumstances. This flexibility demonstrates your commitment to recognising the unique contributions and requirements of each member of your team.
 
Payment Options:Flexible payment frequencies align with organisational cash flows and budgetary cycles, ensuring the plan integrates seamlessly into existing financial operations. SBI Life - CapAssure Gold's customisable payment schedules make this responsibility a manageable commitment that complements your operations. This ensures that fulfilling retirement obligations supports your organisation's financial health.

Advantages

Security: Dependable growth supports your team's future, providing the steady accumulation employees can rely upon as they build towards retirement. SBI Life - CapAssure Gold's reliability transforms employee aspirations into achievable milestones. This honours years of service with tangible financial security, demonstrating your organisation's commitment to their long-term well-being.
 
Reliability: SBI Life - CapAssure Gold's dedicated assistance supports both your workforce and organisational objectives, ensuring seamless coordination between employee welfare and institutional goals. Consistent guidance strengthens the connection between present commitments and future obligations, providing clarity for both employers and employees throughout the journey.
 
Flexibility: Premium payment frequency aligns with your organisational requirements, adapting to cash flow patterns and budgetary cycles. This accommodation ensures retirement benefit funding integrates naturally into operational processes, enabling you to fulfil obligations while maintaining financial stability.
 
Tax Benefits: Tax benefits under the Income Tax Act, 1961, add value for employees while reducing organisational costs. SBI Life - CapAssure Gold supports your commitment to employee welfare, helping employees save more for a secure retirement.

Plan Benefits

Scheme Benefit

Depending on the scheme rules, the benefits in the event of death, retirement, resignation, withdrawal or any other exit of the members are payable. In case of post retirement medical benefit schemes, on happening of the defined event as per scheme rules, medical benefits are payable to the retirees. Such benefits will be payable from the policy account of the master policyholder or member as applicable, subject to availability of funds in the policy account.
 
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, Leave Encashment, Superannuation, Post Retirement Medical Benefit Scheme (PRMBS) and Other Savings Schemes. Such insurance benefits will be payable by SBI Life.
 
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.

Downloads

For more details on risk factors, terms and conditions of the SBI Life - CapAssure Gold, read the following documents carefully

• Product Brochure/Prospectus

• Product Guide

• Policy Document

• Customer Information Sheet (CIS)
 

Who Can Buy?

Group Size Min: 10 members
(No Limit for approved fund)		 Max: No limit
Policy Term One year (on annually renewable basis)
Premium at inception ₹ 5,000 No limit

Frequently Asked Questions

SBI Life - CapAssure Gold is a Non-Linked, Non-Participating, Group Fund-Based Life Insurance Product that enables employers/ trustees/ State governments/ Central government/ PSUs to fund essential retirement benefit schemes, including gratuity, leave encashment, superannuation, Post Retirement Medical Benefit Schemes (PRMBS), and other savings schemes. You fulfil your obligations with confidence while providing your employees the support to secure their tomorrow. Consult our experts today to find out how SBI Life - CapAssure Gold aligns with your organisation’s requirements.

The SBI Life - CapAssure Gold policy is primarily designed for employers, trustees, State governments, Central government, and PSUs looking to provide group life insurance and savings options to their employees. It is ideal for organisations wishing to offer an additional benefit to their workforce, helping them save for the future while ensuring life coverage. To know more about how SBI Life - CapAssure Gold can help you fulfil your organisation's obligations, speak to our experts today.

SBI Life - CapAssure Gold supports employee benefits, including scheme benefits upon retirement, resignation, or other exits as defined in your scheme rules, and insurance benefits reaching designated nominees when needed. These provisions honour years of dedication while supporting families during significant transitions. The plan’s tax benefits align with applicable laws in India. Consult your tax advisor to understand how current provisions enhance the value you deliver to your team.

The fund under SBI Life - CapAssure Gold is managed by our experienced fund managers who oversee contributions with care and expertise. The fund is invested in accordance with IRDAI guidelines, ensuring compliance and transparency. Regular monitoring ensures your employees' retirement savings grow steadily over time, providing clarity and confidence in their planning. Contact our experts to learn more about our fund management approach.

Yes, there is a minimum contribution requirement of ₹5000. There is no cap on the upper limit of the contribution. This flexibility enables you to tailor your commitment to employee retirement benefits at your organisational capacity.

Yes, the SBI Life - CapAssure Gold policy can be customised to meet the needs of different employee groups within an organisation. This customisation includes varying coverage amounts, premium contributions, and savings options, tailored to the demographic and financial requirements of different segments of the workforce. This flexibility demonstrates your commitment to recognising the diverse needs of every team member, ensuring each receives appropriate support for their future. Consult our specialists to design a customised solution that addresses your organisation's specific workforce structure.

If the Policy Account Value is insufficient to cover the Mortality Charge, the insurance coverage under the policy will lapse. The coverage will be reinstated once the Policy Account Value is adequate to cover the Mortality Charge. Regular monitoring of account values ensures continuous coverage, providing ongoing security for your employees and their families.

Investments in SBI Life - CapAssure Gold may offer tax benefits under Section 80C of the Income Tax Act, 1961, depending on the type of contributions made and the employee’s tax status. The death benefits and maturity proceeds may also qualify for tax exemptions under Section 10(10D), subject to specific conditions.

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For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.

 

*Tax Benefits:

 

Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.

You may be eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. For further details click here. Please consult your tax advisor for details.
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