This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. Samriddhi Kawach Micro Term Life is a non-linked, non-participating individual term insurance plan designed to provide financial protection, especially for individuals without formal life coverage.
What's included
Key highlights
- Low-premium micro term protection
- Sum assured Rs.25,000–500,000
- Entry age 18–60
- Policy term 1–15 years
- Non-participating (no bonuses)
Features
- Sum assured: Rs.25,000 – Rs.500,000
- Entry age 18–60 years
- Policy term 1–15 years
- Maximum maturity age 65 years
- Non-participating (no bonuses)
- Death benefit: Sum assured payable to nominee
- No maturity or survival benefits
- Optional accidental disability rider
- Easy digital purchase & claim process
Terms and conditions
- 1)Death Benefits
- Sum Assured is payable to nominee/legal heirs on death during policy term. Policy terminates after payment.
- 2)Maturity Benefits
- No maturity or survival benefits are available under this plan.
- 3) Paid-up / Surrender: Not Applicable
- 4)Policy Loan: Not Applicable
- 5)Bonus:Not Applicable
- 6)Terms: As per policy document
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
This plan states: Sum Assured payable to nominee/legal heir
If the policy runs to maturity
This plan states: None
Optional riders
Accidental Disability Rider
Optional rider providing benefits in case of accidental disability per rider terms
Loan & liquidity
- Policy loan
- Not available
What's not covered
- Suicide within waiting period as per policy terms
- War, civil commotion, criminal acts
- Pre-existing conditions (as defined in policy)
Questions about this plan
What kind of plan is Samriddhi Kawach Micro Term Life?
Samriddhi Kawach Micro Term Life from Liberty Micro life Insurance is a term plan that is pure life cover for a fixed period, with no savings element, and suits people protecting family income or a loan.
Who can buy Samriddhi Kawach Micro Term Life?
The entry age for Samriddhi Kawach Micro Term Life is 18 – 60 years.
How long does Samriddhi Kawach Micro Term Life run?
The policy term for Samriddhi Kawach Micro Term Life is 1 – 15 years.
How much cover can I take on Samriddhi Kawach Micro Term Life?
The sum assured available on Samriddhi Kawach Micro Term Life is Rs 25,000 – Rs 5,00,000.
What is paid if the insured passes away during the term?
Sum Assured payable to nominee/legal heir
What is paid when Samriddhi Kawach Micro Term Life matures?
None
Which riders can be added to Samriddhi Kawach Micro Term Life?
Samriddhi Kawach Micro Term Life can be taken with the following optional riders: PTD / PWB. Each rider carries its own premium.
Premium
Quote on request