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Sbi Life - Capassure Gratuity Scheme
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Sbi Life - Capassure Gratuity Scheme

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Gratuity is a statutory benefit, governed by Payments of Gratuity Act, 1972. As per the Act, gratuity is payable if an employee has rendered minimum 5 years of service at the time of exit. The minimum benefit payable is 15 days salary based on last drawn salary for each service year rendered. However, an employer can better the terms of benefits..
Here, the principal concern will be to safeguard and availability of
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Sbi Life Insurance

Chennai, Tamil Nadu
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Gratuity is a statutory benefit, governed by Payments of Gratuity Act, 1972. As per the Act, gratuity is payable if an employee has rendered minimum 5 years of service at the time of exit. The minimum benefit payable is 15 days salary based on last drawn salary for each service year rendered. However, an employer can better the terms of benefits..

Here, the principal concern will be to safeguard and availability of sufficient funds to meet the company’s obligation for statutory Gratuity Payments. Hence, you would definitely want prudent fund management at least of the possible costs. Therefore SBI Life provides SBI Life - CapAssure Gratuity Scheme - a scheme that not only guarantees your investment but also offers additional funding and many more added benefits…!

SBI Life - CapAssure Gratuity Scheme:

It is a Non-Participating yearly renewable traditional Group Gratuity Scheme. Under this scheme, the contributions paid continue to accumulate on traditional platform of investments and at the end of the financial year, an investment income earned on your contributions is credited to your gratuity fund account.


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Sbi Life - Capassure Gratuity Scheme

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About the Company

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IndiaMART Member SinceAug 2010

SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. SBI owns 74% of the total capital and BNP Paribas Cardif the remaining 26%. SBI Life Insurance has an authorized capital of Rs. 2,000 crores and a paid up capital of Rs 1,000 crores.

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Mukundhan Premkumar

20/33, Ayaloor Muthiah Street
Chennai - 600079 Tamil Nadu, India

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