SBI Life Group Gratuity cum Life cover Scheme:

In every company the main problem that concerns the authorities would be to see that there are sufficient resources to cover the company’s ability to pay the gratuity for the employees. 

For this purpose you require people who are experts in fund management at a low cost.  SBI Life Group Gratuity Cum Life cover Scheme is one such policy which will meet all these needs.

By buying SBI Life – Group Gratuity Cum Life cover Scheme,
The Group Gratuity funds will be taken care of by SBI life so that it can equal the group gratuity probability. SBI life will return the money to the fund.   Since this is a group gratuity scheme, all the particulars will be taken care of as a group and not as an individual. 

The analyzing of the accounts, the payments received, the investment repayments, etc will be the undertaking of the SBI life.

According to this plan, all the workers of that company will receive life cover.  In the event of any death of the employee, the beneficiary will receive the life cover which is equal to the sum assured.

When an employee resigns, retires or is terminated, higher of the accumulated gratuity benefit has to be paid.

According to the death benefit provided by this plan, higher of the accumulated gratuity benefit will be paid as well as the higher of the sum assured of the policy.

When you are buying this policy the company will take the first step in finishing all the important details to make the work easier for you.

You need not worry about the charges that you would have to pay to receive the services of this plan.  This plan is so made to your advantage no matter what your gratuity fund may be.

You can enjoy tax benefits provided by this plan, pertaining to the laws of the Income Tax, Act, 1961.  SBI’s Life Group Gratuity cum Life cover Scheme which works to provide you with gratuity by working in a group as well as it provides life cover for you and benefits for your family as a whole.