This is a Non-Linked, Non-Participating, Regular and Single Premium individual micro endowment life plan providing savings and insurance cover. Designed for individuals without formal insurance coverage, especially in the microfinance sector.
What's included
Key highlights
- माइक्रो लक्षित एन्डोउन्मेन्ट योजना
- ग्यारेन्टीड बोनस सहित
- ३ वर्षपछि लोन सुविधा (अधिकतम ९०%)
- न्यूनतम बीमित रकम रु. १०,०००
Features
- न्यूनतम बीमित रकम रु. 10,000
- अधिकतम बीमित रकम रु. 5,00,000
- नीति अवधिः 8 देखि 25 वर्ष
- परिपक्वता लाभ: बीमित रकम + ग्यारेन्टी बोनस
- मृत्यु लाभ: बीमित रकम + ग्यारेन्टी बोनस
- ऋण / समर्पण मूल्य : ३ वर्ष प्रिमियम भुक्तानीपछि उपलब्ध
Terms and conditions
- 1)Maturity Benefit: On survival at maturity, Sum Assured + guaranteed additions is payable.
- 2)Death Benefit: On death during policy term, Sum Assured + guaranteed additions is payable to nominee.
- 3)Loan & Surrender: Available after 3 years premium payment. Up to 90% surrender value loan is availiable
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 + Guaranteed Additions
If the policy runs to maturity
This plan states: Sum Assured + Guaranteed Additions
Optional riders
Accidental death (ADB)PTD / PWBCritical illness (CI)
No optional riders are attached to this plan.
Loan & liquidity
- Policy loan
- Available
- Surrender allowed
- After 3 years
Premium
Quote on request