Samuhik Myadi Laghu Jeevan Beema (Group Micro Term Insurance)
Term
About this plan
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.
What's included
Key highlights
- Single-premium group term plan
- Cover issued to Master Policy Holder
- Maturity benefit: Not applicable
- NIA approval present
Features
- 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
Eligibility & term
- Premium modes
- Single
Benefits payout
- Death benefit
- Sum Assured payable to Master Policy Holder
- Maturity benefit
- Not Applicable
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
No optional riders are attached to this plan.
Loan & liquidity
- Policy loan
- Not available
- Paid-up value
- No
- Partial withdrawal
- No
Other plans from Liberty Micro life Insurance
Premium
Quote on request