SBI Life Golden Gratuity:

The SBI Life Golden Gratuity plan is a plan which can be renewed once every year.  This plan is supported by SBI’s Life investment. 

This is a plan where your investment is put in the stock market and so it has the opportunity to grow steadily over the years and develops in to a big corpus which you are eligible to receive when the time comes.

This plan not only protects your gratuity fund, but also provides strong life cover for your employee and also provides financial security for his family in the event of his unfortunate death.

By buying SBI Life – Golden Gratuity Plan,
To be eligible to buy this plan and to enjoy its benefits, you have to be over eighteen years.  Only then you can enjoy the twin benefits of gratuity and life cover.   You should be less than sixty four years of age to receive the gratuity benefits and life cover at the time of retirement.

You can have a yearly contribution of rupees fifty thousand.  The minimum sum assured that you would receive from this plan would be rupees thousand.  Since this is a group golden gratuity plan, the minimum members that can make this team should be at least ten members.

In the beginning, the contributions can be paid as a single payment or in regular installments, nothing above five years.  This plan permits you to change from one investment fund to the other at least four times in a year without having to pay anything. 

If you want to get more profits from any particular fund, you can do so by this facility.

If you wish to exit from this policy you can do so after you have completed one year of the policy term.  You are also required to give one months notice for this.

SBI’s Life Golden Gratuity is a plan that is a must for every person who is working in a salaried job, in order to secure himself and his family at the time of any kind of crisis situation. 

This also helps you to save up a lump sum amount that can be used to fulfill your financial obligations.