SAMUHIK MYADI LAGHU JEEVAN BEEMA

Plan Description & Overview

This is a non-linked, non-participating, single premium Group Micro Term Insurance plan. It is offered to Affinity Groups, where a group exists for a specific purpose such as:

Members of a co-operative credit society
Members of NGOs
Self-help groups
Loanee members of microfinance organizations
Non-employee-employer organizations

One Master Policy will be issued to the Nodal Agency covering all members under the policy.

✅ Death Benefits

On death of the life assured (member of the group scheme) during the policy term, the Sum Assured is payable to the Master Policy Holder, who then pays the benefit amount to the nominee or beneficiary.