Samuhik Myadi Laghu Jeevan Beema (Group Micro Term Insurance)

This is pure cover: it pays your family if something happens during the term, and there is no amount paid back at the end. 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.