SBI Life - CapAssure Gold

• This is a non-linked, non-participating fund group plan which has a 1 year term which is renewable.
• The sum assured of this life insurance plan will be a minimum of Rs. 1, 000 per member.
• In the event of the unfortunate Death, the benefits will be payable again as per the scheme rules plus the sum assured of Rs. 1, 000. And in the case of Disability/Withdrawal/Maturity or any other of a member leaving the plan. The benefit will be as per scheme rules.
• The premiums for this policy will be paid by the employer/master policyholder as per the scheme rules.
• The premium amount payable for this policy is

• Premium can be paid on a regular basis, as desired by the policyholder either on a monthly, quarterly, half-yearly, yearly basis.
• This policy will have a free-look period of 30 days from the date of the receipt of the policy.

The Key Advantages and Benefits of This Plan Are:

• Tax Benefits - Tax benefits are applicable as per the Income Tax Act of 1961, under section 80C and 10 (10D) and are subject to change as per the laws.
• Scheme Benefit - Depending on the scheme rules, in the event of an exit of the member from the plan. The exit can be in a way of death, retirement, resignation, withdrawal or retirement, the benefits will be payable as per the schemes. The benefits are payable by the master policyholder for all SBI life insurance if the funds are available.
• Insurance Benefit - Sum Assured will be paid to the nominee, in the event of the death of a policy member by the master policyholder . Gratuity and Leave Encashment schemes must have an insurance cover. Superannuation schemes will not have an insurance benefit.

The scheme rules that is the basis for the plan, are the rules that make up the structure of the plan. It makes up the structure of the benefit, eligibility of members and all the other terms of the scheme, it will also structure the type and size of benefits.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017