SAMUHIK MYADI LAGHU JEEVAN BEEMA

Proposer DOB

Group Micro Term Insurance

Plan Description & Overview

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

  • Members of co-operative credit societies
  • Members of NGOs
  • Self-help groups
  • Microfinance loanee members
  • Non-employer-employee organizations

One Master Policy is issued to the Nodal Agency covering all members under the scheme.

Death Benefits

On death of a member during the policy term, the Sum Assured is payable to the Master Policy Holder, who then transfers it to the nominee/beneficiary.

Maturity Benefits

Not Applicable for this plan.

Other Details

  • Issued to Master Policy Holder (Nodal Agency)
  • All members covered under one policy
  • Applicable only for approved affinity groups
NIA Approval Date
2080-09-19
NIA Approval Date After Amendment
2081-12-19