Insurance

Life CapAssure Gold

A non-linked, non-participating group fund-based life-insurance product for gratuity, leave encashment, superannuation and other retirement schemes.

Policy typeNon-linked, non-participating group fund-based life-insurance product UIN and product codeUIN 111N091V03; product code 73.Group sizeMinimum 10 members; no maximum group size. There is no member-count limit for an approved fund.

Official product page ↗Compare category

✓ Manually checked 30 Aug 2026 · active

Offered byState Bank of India

India, subject to Life group-scheme rules

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Policy typeNon-linked, non-participating group fund-based life-insurance productView source

The official page identifies CapAssure Gold as a group fund-based life-insurance product for employer retirement schemes.

Source: Life CapAssure Gold
Page / section: Product overview
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

UIN and product codeUIN 111N091V03; product code 73.View source

The official page publishes 111N091V03 and product code 73.

Source: Life CapAssure Gold
Page / section: Know about Life CapAssure Gold
Accessed: 27 Aug 2026
Confidence: high

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Group sizeMinimum 10 members; no maximum group size. There is no member-count limit for an approved fund.View source

The official eligibility block states a 10-member minimum and no upper limit, with no limit for approved funds.

Source: Life CapAssure Gold
Page / section: Who Can Buy
Accessed: 27 Aug 2026
Confidence: high

Open official source ↗

Scheme coverageGroup fund-based life insurance for gratuity, leave encashment, superannuation, post-retirement medical benefit schemes and other savings schemes; scheme benefits follow defined-benefit, defined-contribution or hybrid rulesView source

The brochure lists the covered group schemes and supported scheme structures.

Source: Life CapAssure Gold V03 Brochure
Page / section: Features
Accessed: 29 Aug 2026
Confidence: high

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InsurerSBI Life Insurance Company LimitedView source

Life's official catalogue lists these individual and group products under Life Insurance Company Limited.

Source: Life online plans and group insurance catalogue
Page / section: Life plan catalogue
Accessed: 23 Aug 2026
Confidence: high

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Minimum contribution₹5,000 minimum contribution at inception; the official page does not publish a maximum contribution.View source

The official page and publish a ₹5,000 minimum contribution at inception and no maximum contribution.

Source: Life CapAssure Gold
Page / section: Who Can Buy; — minimum contribution
Accessed: 28 Aug 2026
Confidence: high

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Plan type and intended schemesNon-linked, non-participating group fund-based life insurance for employers, trustees, State/Central Governments and PSUs. It supports gratuity, leave encashment, superannuation, post-retirement medical benefit schemes and other savings schemes.View source

The page expressly identifies the product class, eligible master-policyholder types and supported employee-benefit schemes.

Source: Life CapAssure Gold
Page / section: Product overview;
Accessed: 27 Aug 2026
Confidence: high

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Policy termOne year, renewable annually.View source

The term is explicitly one year on an annually renewable basis.

Source: Life CapAssure Gold
Page / section: Who Can Buy
Accessed: 27 Aug 2026
Confidence: high

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Contribution at inception₹5,000 minimum contribution at inception; no maximum contribution is published.View source

The page and give a ₹5,000 minimum and no cap on contributions.

Source: Life CapAssure Gold
Page / section: Who Can Buy; — minimum contribution
Accessed: 27 Aug 2026
Confidence: high

Open official source ↗

Scheme benefitBenefits under the scheme rules may be payable on death, retirement, resignation, withdrawal or another member exit. PRMBS medical benefits are payable upon the scheme-defined event, subject to funds being available in the relevant policy account.View source

The plan-benefits section lists exit events and makes policy-account availability an explicit condition.

Source: Life CapAssure Gold
Page / section: Plan Benefits — Scheme Benefit
Accessed: 27 Aug 2026
Confidence: high

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Insurance benefitOn a member's death, the sum assured is paid to the nominee as advised by the master policyholder. Insurance cover is compulsory for gratuity, leave encashment, superannuation, PRMBS and other savings schemes.View source

The official benefit wording identifies the nominee payment and compulsory-cover scope.

Source: Life CapAssure Gold
Page / section: Plan Benefits — Insurance Benefit
Accessed: 27 Aug 2026
Confidence: high

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Cover lapse conditionInsurance coverage lapses if policy account value is insufficient to cover the mortality charge, and is reinstated once the account value becomes adequate to cover that charge.View source

The states the account-value test for both lapse and reinstatement.

Source: Life CapAssure Gold
Page / section: — missed contribution
Accessed: 27 Aug 2026
Confidence: high

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UIN111N091V03View source

The official page identifies the product as 111N091V03.

Source: Life CapAssure Gold — official product page
Page / section: Know about Life CapAssure Gold
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Member age eligibilityMinimum age at entry 1 year; maximum age at entry is as per the scheme rules. Maturity age is also as per scheme rules.View source

The eligibility table states minimum age at entry of 1 and maximum entry and maturity ages as per scheme rules.

Source: Life CapAssure Gold V03 Brochure
Page / section: Eligibility Conditions
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Sum insured / cover₹10,000 sum assured per member for gratuity, leave encashment, superannuation, post-retirement medical benefit and other savings schemes; the master policyholder may instead insure the scheme-defined death benefit under the OYRGTA productView source

The brochure publishes ₹10,000 sum assured per member and the alternative scheme-defined OYRGTA option.

Source: Life CapAssure Gold V03 Brochure
Page / section: Sum Assured; Benefits
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Guaranteed interest rateMinimum guaranteed interest rate 0.1% per annum for the entire term; a separate non-zero positive regular interest rate is declared annually based on fund sizeView source

The brochure specifies a 0.1% p.a. guaranteed minimum and an annually declared regular rate.

Source: Life CapAssure Gold V03 Brochure
Page / section: Interest Rate
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Mortality and surrender chargesMortality charge ₹10 per member per year for ₹10,000 cover, plus applicable taxes. Surrender charge is 0.05% of policy-account value capped at ₹5,00,000 per scheme in policy years 1–3 and nil from year 4 onward.View source

The policy document publishes the mortality charge and the policy-year surrender-charge table.

Source: Life CapAssure Gold Policy Document
Page / section: Charges — Surrender and Mortality Charges
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Exclusions and cover terminationSuicide exclusion is not applicable. Cover can lapse when the policy-account value is insufficient to recover mortality charges and recommences once sufficient value is available. Member cover also ends on scheme-defined retirement/exit, cessation of employment, death, master-policy surrender/termination or maximum cover-ceasing age under scheme rules.View source

The policy document expressly says suicide exclusion is not applicable and lists account-value and member-exit termination conditions.

Source: Life CapAssure Gold Policy Document
Page / section: Suicide Exclusion; Discontinuation of Insurance Cover; Termination of life cover of Member
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Claim intimation windowClaims should be intimated within 180 days of the event; delay may be condoned at the insurer's discretion when beyond the claimant's controlView source

The policy document sets a 180-day claim-intimation period and a limited discretion to condone delay.

Source: Life CapAssure Gold Policy Document
Page / section: Conditions when a claim arises — Intimation of Claim
Accessed: 29 Aug 2026
Confidence: high

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Claim documentsValid death certificate, claimant KYC, claimant bank-account proof, proof of another scheme-defined exit where relevant, claimant statement and prescribed claim forms, signed declaration and any additional documents requestedView source

The policy document lists the documents required to process a claim.

Source: Life CapAssure Gold Policy Document
Page / section: Filing of a claim
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Free-look period30 days from receipt of the policy documentView source

The policy document specifies a 30-day free-look period and applicable deductions if cancelled without a claim.

Source: Life CapAssure Gold Policy Document
Page / section: Free-Look Period
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Geographic limitsGroup fund-based life insurance for gratuity, leave encashment, superannuation, post-retirement medical benefit schemes and other savings schemes; scheme benefits follow defined-benefit, defined-contribution or hybrid rulesView source

The manually reviewed product record states: “Group fund-based life insurance for gratuity, leave encashment, superannuation, post-retirement medical benefit schemes and other savings schemes; scheme benefits follow defined-benefit, defined-contribution or hybrid rules”.

Source: Life CapAssure Gold — official product page
Page / section: Published product metadata
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Benefits and features

Group fund-based life insurance
Retirement scheme funding
Guaranteed benefits at maturity

Eligibility

For employers, trustees, governments and ; minimum 10-member group

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

death-certificate
claimant-kyc
bank-account-proof
exit-proof
claim-forms
declaration

Try the numbers

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Life-cover needs estimate

See whether your current cover and savings may leave a gap for your family. This does not calculate an insurance premium.

Yearly household income to replaceThe income your family may need to replace.₹ten lakh rupees₹1,00,000₹1,00,00,000Years of income neededHow long your family may need that replacement income. years1 years30 yearsLoans still to be paidHome loans and other debts the cover may need to clear.₹twenty lakh rupees₹0₹5,00,00,000Cover and savings already availableExisting life cover and money already set aside for the family.₹five lakh rupees₹0₹5,00,00,000

Possible cover gap₹1,15,00,000one crore fifteen lakh rupees

Income your family may need₹1,00,00,000one crore rupees

Cover and savings already counted₹5,00,000five lakh rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

TableItem

Master policyholders · Published termEmployers, trustees, State Governments, Central Government and

This value is copied from CapAssure Gold — group eligibility and benefit conditions. Check the table notes before relying on it.

Source: Life CapAssure Gold — official product page · Plan Benefits, Who Can Buy and Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 9 rows · 2 columnsCapAssure Gold — group eligibility and benefit conditionsPublished product limits and operational conditions for the group employee-benefits plan.View tableHide table

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CapAssure Gold — group eligibility and benefit conditions
Item	Published term
Master policyholders	Employers, trustees, State Governments, Central Government and
Supported schemes	Gratuity, leave encashment, superannuation, post-retirement medical benefit schemes (PRMBS) and other savings schemes
Group size	Minimum 10 members; no maximum (no member-count limit for approved funds)
Policy term	One year, renewable annually
Contribution at inception	Minimum ₹5,000; no maximum published
Scheme benefits	Payable on scheme-defined death, retirement, resignation, withdrawal or other exit; subject to available policy-account funds
Insurance benefit	Member sum assured payable to the nominee as advised by the master policyholder
Compulsory cover	Required for gratuity, leave encashment, superannuation, PRMBS and other savings schemes
Cover continuity	Cover lapses if policy-account value cannot meet mortality charge; it is reinstated once the account value is adequate

The product supports defined-contribution, defined-benefit and hybrid scheme rules.
Tax treatment depends on applicable law and individual circumstances; consult a tax adviser.

Life CapAssure Gold — official product page · Plan Benefits, Who Can Buy and · accessed 27 Aug 2026Open official source ↗

Table 2 · 12 rows · 2 columnsCapAssure Gold — official limits, cover and chargesValues transcribed from the official brochure and policy document.View tableHide table

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CapAssure Gold — official limits, cover and charges
Item	Published value
Age at entry	Minimum 1 year; maximum as per scheme rules
Maturity age	As per scheme rules
Group size	Minimum 10 members; no maximum
Policy term	One year, renewable annually
Contribution at inception	₹5,000 minimum; no maximum
Guaranteed interest	0.1% p.a. minimum for entire term
Sum assured	₹10,000 per member; OYRGTA scheme-defined death benefit option
Mortality charge	₹10 per member per year for ₹10,000 cover, plus applicable taxes
Surrender charge	0.05% of policy-account value capped at ₹5,00,000 per scheme in years 1–3; nil from year 4
Suicide exclusion	Not applicable
Claim intimation	Within 180 days of event
Free look	30 days

Scheme rules control member eligibility and benefit amounts beyond the standard per-member cover. Regular interest is declared annually based on fund size.

Life CapAssure Gold V03 Brochure and Policy Document · Eligibility Conditions; Sum Assured; Charges; General Policy Provisions · accessed 29 Aug 2026Open official source ↗

Life CapAssure Gold

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Life-cover needs estimate

Find the exact published value

Complete rates, limits and schedules

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What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Life-cover needs estimate

Find the exact published value

Complete rates, limits and schedules

Related products

SBI General Arogya Top-Up Policy

SBI General Bharat Griha Raksha

SBI General Car Insurance

SBI General Cyber VaultEdge

Life CapAssure Gold