Gramin Samuhik Myadi Beema Yojana
Term
Sum assured
On request
Premium / yr
On request
Term
1 yrs
Entry age
—
About this plan
A non-linked, non-participating one-year group renewable micro term insurance plan that provides cover to affinity groups (cooperatives, NGOs, self-help groups, microfinance loan members) under a master policy issued to a nodal agency.
What's included
Key highlights
- Group micro term insurance
- Master policy
- Additional and funeral benefits available
Features
- Non-linked, non-participating one-year group renewable micro term insurance
- Master policy issued to nodal agency
- Death benefit paid to master policy holder
- Additional cover up to 50% of Sum Assured
- Premium paid by the nodal agency
- Minimum 75% of members must join
- All new members must be covered
Eligibility & term
- Policy term
- 1 year (annual renewable group insurance)
Benefits payout
- Death benefit
- Sum Assured paid to Master Policy Holder
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
Accidental Death Rider
Additional cover for accidental death
Disability Rider
Cover for disability due to accident
Loan & liquidity
- Policy loan
- Not available
- Partial withdrawal
- No
Other plans from Liberty Micro life Insurance
Premium
Quote on request