CML Micro Non-Par Endowment (Regular)

CML Micro Non-Par Endowment (Regular) is a micro life insurance plan designed to provide affordable protection with a guaranteed annual addition of Rs.45 per Rs.1,000 of sum assured. On death during the policy term the Sum Assured plus accumulated guaranteed additions is paid as a lump sum; on survival at maturity the Sum Assured plus accrued guaranteed additions is paid.

Entry age

18 – 60 years

Policy term

5 – 25 years

Sum assured

Rs 10,000 – Rs 5,00,000

Premium modes

Yearly, Half-yearly, Quarterly, Monthly

Death benefit

Sum Assured + Accumulated Guaranteed Addition (Rs.45 per Rs.1000 per year)

Maturity benefit

Sum Assured + Accumulated Guaranteed Addition (Rs.45 per Rs.1000 per year)

Accidental benefit

Available as rider (sum assured or additional as per rider terms)

• Accidental Death Benefit

  Optional rider providing additional benefit on accidental death

• Total Permanent Disability

  Optional rider providing benefit on total permanent disability

• Premium Waiver Benefit

  Optional rider that waives future premiums under specified conditions

Policy loan

Available

Paid-up value

Yes

Partial withdrawal

No

• Suicide (as per policy terms)
• War and nuclear perils
• Self-inflicted injury
• Undisclosed pre-existing conditions