Micro Term Assurance
- Eligibility Criteria
- Minimum Sum Assured: 10,000/-
- Maximum Sum Assured: No Limit
- Minimum Entry Age (Nearest Birthday): 18 years
- Maximum Entry Age (Nearest Birthday): 60 years
- Maximum Maturity Age: 61 years
- Minimum Policy Term: 1 years
- Maximum Policy Term: 1 years
- Benefits/Special Features
- Death Benefit: Sum Assured.
- Maturity Benefit: Nil
- Rider Benefits (Optional)
- Accidental Death Benefit (ADB): Additional amount equal to sum assured or 1,00,00,000/-, whichever is lower.
- Permanent Total Disability (PTD): Sum assured or 1,00,00,000/-, whichever is lower payable in 120 monthly installments; Should the remaining term to maturity be less than 120 months, the balance installment will be paid in lump sum on maturity or at death, if earlier.
- Funeral: Up to 40% of SA or max of 25,000.
- Premium Payment Mode/Structure
- Mode: Single
