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.

Premium modes

Single

Death benefit

Sum Assured payable to Master Policy Holder

Maturity benefit

Not Applicable

No optional riders are attached to this plan.

Policy loan

Not available

Paid-up value

No

Partial withdrawal

No