Micro insurance plans are the plans which cater the needs of economically weaker sections of the society. These insurance solutions provide an opportunity for economically weaker person to protect his family’s future. The affordable premiums make it feasible and the payment modes are convenient. Endowment plans are also crafted to meet goal-based needs of the insured.
Know the key highlights of Micro Insurance^²
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1 - This is applicable only if all due premiums are paid and the policy is in force.
4 - Discount for large Sum Assured is available depending on the Sum Assured, policy term, and premium paying term.
^2-Source of Information: Insurance Regulatory and Development Authority of India (Micro Insurance) Regulations, 2015
ARN No :WP/1474/Feb/2021