SBI Life Cap assure Gratuity:

Everyone knows that Gratuity is a regulated benefit that is given to you at the time of your resignation, termination or retirement.  You are eligible to receive gratuity if you are leaving the job that you have working for at least five years. 

There are many problems nowadays in receiving gratuity.  So you need a discreet plan that not only makes sure that you receive your investment but also sees to it that you receive special accounts.

By buying SBI Life – Cap-assure Gratuity Plan,
You have the advantage of getting total satisfaction and fulfillment that your money is properly handled by fund management experts and that you would receive maximum benefits by it.  

This plan permits one the pliability of changing from this plan to SBI’s Life Golden Gratuity plan, by which you can obtain more benefits.

If one had taken any insurance plan before this and would like to change the plan, it may involve a penalty to be paid to the respective insurance people.

This plan offers a three percent addition so that the money forfeited for the purpose of paying that penalty will be replaced by this plan.

According to this plan, when you retire or resign, or are terminated, you are eligible to receive higher of gratuity benefits till date that are paid according to the laws of the Gratuity Act.

According to the Accidental Death and Total Permanent Disability rider, if you meet with an accident and are totally disabled, then you are eligible to receive higher of gratuity benefits till date as well as the rider sum assured.

If your death takes place in an accident, your nominee will receive higher of gratuity benefits, the basic sum assured as well as the rider sum assured.  This plan allows you a grace period of thirty days for you to pay your premium.

SBI’s Life Cap-assure Gratuity is a plan that is necessary nowadays where everything is uncertain.  In order for you to be certain to receive your gratuity benefits, you need to invest in such a plan and reap benefits when required.