On death of the life assured during the policy term, the Sum Assured will be payable to the nominees/legal heirs of the life assured. The policy terminates upon such payments.
With or without profits: Without Profits
Samriddhi Kawach Micro Term Life
Liberty Micro Life Insurance Plan is a Non-linked, Non-Participating, Individual Life Term Insurance plan, which offers protection benefits to the life assured. It is offered to the individual lives who takes loans from the banks, finance companies and self-help groups, credit societies etc. It can be offered to the individual life who did not have formal life insurance cover.
Plan Features: Criteria
| Minimum Sum Assured | 25000.00 |
| Maximum Sum Assured | 500000.00 |
| Minimum Policy Term | 1 Yrs |
| Maximum Policy Term | 15 Yrs |
| Minimum Entry Age | 18 Yrs |
| Maximum Entry Age | 60 Yrs |
| Maximum Maturity Age | 65 Yrs |
| Premium Payment Frequency | Yearly |
| Benefits of the Insurance Policy |
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| Providing extensive protection at a minimal premium. |
| The insurance tenure can range from 1 to 15 years, depending on your requirements. |
| You can add extra riders by paying a slightly increased premium. |
| The accident disability rider can provide coverage for the condition of disability resulting from an accident. |
| You can conveniently and quickly purchase insurance and receive claim settlements through online channels. |
Death Benefits
Maturity Benefits
No survival or maturity benefits are payable under this plan.
Other Details
No Paid-up value or Surrender value applicable
Policy Loan Provisions: Not Applicable
Bonus: Not Applicable
