Samuhik Myadi Laghu Jeevan Beema (Group Micro Term Insurance)

This is a non-linked, non-participating, single-premium group micro term insurance plan offered to affinity groups (co-operatives, NGOs, self-help groups, microfinance borrowers, etc.). One Master Policy is issued to the nodal agency covering all members. On death of a member during the policy term, the Sum Assured is payable to the Master Policy Holder. No maturity benefit is payable.

• Non-linked, non-participating plan
• Single-premium payment
• Issued as one Master Policy to a nodal agency
• Designed for affinity groups (co-ops, NGOs, self‑help groups, microfinance borrowers)
• Death benefit payable to Master Policy Holder for onward transfer to nominee
• No maturity benefit

• Single-premium group term plan
• Cover issued to Master Policy Holder
• Maturity benefit: Not applicable
• NIA approval present