SAF insurance pays out the full sum insured on death

Hello Sir,
I have been searching internet for an answer, but no vail. Therefore, I would like to see your advice. I am considering SAF Group Term insurance. Is there is ceiling/cap payout per year?
I heard group insurance has a maximum payout per year on group level (since this is group insurance), so if the pool of $$$ is left (example) 300K for the remaining of this year, and if I were to claim 1million, the maximum payout is only 300K (since the rest of the money in the pool have been compensated to other beneficiaries). Is the above context correct?


REPLY
SAF allows you to buy insurance for up to $600,000. See http://tankinlian.com/admin/file.aspx?id=116
You are covered for the amount that you are insured for, and it is not subject to any "pooling" or "cap".
This statement about the cap could have been told by a dishonest insurance agent who has a vested interested to get the consumer to buy a life insurance policy - instead of the SAF group insurance.