SBI Life Cap assure Leave Encashment:

The Cap-assure Leave Encashment plan is a plan which takes care of your Leave Encashment contributions and helps you to build up a corpus amount with it. 

This plan does not need your constant involvement and can work in your absence.  Your contributions are gathered into a lump sum amount and when the financial year comes to an end, the amount is credited into a separate CA-LE account for you.

By buying SBI Life – Cap-assure Leave Encashment Plan,
This plan gives full guarantee that your money will be properly managed by the company.  By this plan you have the advantage of receiving a three percent value that can replace the penalty that you would have had to pay your previous insurance company for surrendering their policy.

SBI’s Life Cap-assure Leave Encashment Plan has the following benefits:
This plan offers on your retirement, resignation, or termination of service, to obtain leave encashment benefits up to the said date.

If due to some illness you are permanently disabled, under the Total Permanent Disability rider of this plan, you are eligible to receive the accumulated leave encashment benefits. 

If you are permanently disabled due to an accident you are to receive also an additional rider sum assured according to this plan.

If you happen to die due to some mishap, your beneficiary is eligible to receive the accumulated leave encashment benefits.  Your beneficiary will also receive the basic sum assured from the policy.

 If death occurs due to an accident, your nominee will also receive the rider sum assured, if you have opted for that particular rider at the time of buying this policy.

This plan permits you a period of thirty days time for you to pay your policy premium. By buying this plan you can also enjoy tax benefits.

SBI’s Life Cap-assure Leave Encashment is a kind of plan that has become a necessity in the lives of the salaried people.  If you buy this plan, you can be sure to receive your leave encashment benefits after you have left your job in whatever condition it may be.