Life Insurance Corporation of India (LIC) has introduced her new plan for Single Premium Group Micro Term Insurance Plan. Which was benifical for every micro and small buisness person. Today, In this article we will give you all details about the LIC New Insurance plan that was helpful for the Small Cooperatives Sector, NGO’s, micro groups and more.
LIC Single Premium Group Micro Term Insurance Plan Details
LIC Single Premium Group Micro Term Insurance Plan was launched in 2024 and it was mainly focus on the small and micro groups. According to this Insurance Plan, If policyholder passes away then all the banking loans, existing repaying and all other burden will not come over the family and other people.
All the burden will be come over the LIC this Insurance Plan and all pay will be come over the LIC Single Premium Group Micro Term Insurance Plan.
LIC Single Premium Group Micro Term Insurance Plan Rules and things
- Group size will be 50 or less than 50.
- Burden or payable amount lies between Rs.5000 to Rs.200000.
- Over 1 month to 10 years risk will be cover in this plan.
- Medical Expamination will be not needed on this plan.
Note : If You want to know more other details you can visit in official website of the LIC.