This plan is a Group Insurance Plan. It can be issued to Micro Finance Institutions and Cooperatives. This plan can be used to insure the savings account holders and the loan borrowers of these organizations.
What's included
Key highlights
- Group insurance plan
- Easy to use
- Long-term protection
Features
- Group insurance plan
- Master policy issued in the name of organization
- Insurance certificate received as proof of insurance
What happens in each case
Each plan pays out differently depending on what happens during the term. These are the situations that matter for this kind of plan.
If the insured passes away during the term
The nominee receives the sum assured, and the policy ends.
Typical for life insurance plans — confirm the exact terms in the brochure.
If the policy runs to maturity
You receive the sum assured on the maturity date.
Typical for life insurance plans — confirm the exact terms in the brochure.
Optional riders
No optional riders are attached to this plan.
Questions about this plan
Who can buy Citizen Protection Plan?
The entry age for Citizen Protection Plan is 18 – 64 years.
How long does Citizen Protection Plan run?
The policy term for Citizen Protection Plan is One year.
Premium
Quote on request