Sana Bachat Laghu Jeevan Beema Yojana

A non-linked, non-participating, regular-premium micro endowment assurance plan providing savings and life cover for individuals without formal life insurance, particularly targeted at microfinance sector clients.

Entry age

18 – 55 years

Policy term

6 – 25 years

Sum assured

Rs 10,000 – Rs 5,00,000

Premium modes

Quarterly, Half-yearly, Yearly

Death benefit

Sum Assured payable to nominee on death during policy term

Maturity benefit

Sum Assured payable on survival to end of policy term

Accidental benefit

Rider Sum Assured payable if death due to accident

• Accidental Benefit Rider

  Medical/treatment expense reimbursement for injuries due to accident

• Accidental Death Benefit

  Rider sum assured payable on accidental death during policy term

• Accidental Total and Permanent Disability Benefit Rider

  Pays specified percentage of Sum Assured for various losses (e.g., loss of both hands/feet 100%, one hand/foot 50%, loss of sight/hearing per schedule)

Policy loan

Not available

Partial withdrawal

No