Dirghayu Bachat Laghu Beema Yojana

A non-linked, non-participating limited micro endowment insurance plan (single and limited premium options) providing savings and life cover targeted at individuals without formal insurance, especially in the microfinance sector.

Entry age

18 – 55 years

Policy term

12 or 16 years

Sum assured

Rs 10,000 – Rs 5,00,000

Death benefit

Sum Assured + Accrued Guaranteed Additions

Maturity benefit

For 12-year: 110% of Sum Assured + Accrued Guaranteed Additions; For 16-year: 120% of Sum Assured + Accrued Guaranteed Additions

Accidental benefit

Rider sum assured payable (if rider chosen)

• Accidental Benefit Rider (ABR)

  Medical/treatment expense reimbursement for accidental injury and life cover for accidental death.

• Accidental Death Benefit

  Rider sum assured payable on death due to accident during policy term.

• Accidental Total and Permanent Disability Benefit Rider

  Provides lump-sum payouts for specific permanent disabilities (loss of limbs, sight, hearing) as defined in plan.

Partial withdrawal

No