Endowment Micro Life Insurance

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Crest Micro Term Life Insurance Plan

This 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.

  • Minimum Age : 16 Years
  • Maximum Age : 65 Years
  • Policy Term : 1-20 Years
  • Minimum Sum Assured : 10,000/-
  • Maximum Sum Assured : As per Micro-Insurance Directives
  • Premium Paying Term : same as policy term
  • Premium Paying Mode : Yearly
  • Rebate on the basis of Sum Assured : Rebate on Large Sum Assured

Sum Assured Rebate
From Rs. 1,00,000/- to Rs. 1,99,000/- Rs. 1 per thousand
From Rs. 1,00,000/- to Rs. 1,99,000/- Rs. 1 per thousand
  • Rebate on the basis of premium payment method
Mode Rebate
Yearly Payment 2 per cent
Half Yearly Payment 1 per cent
Quarterly or Salary Saving Scheme(SSS) No discount
Monthly Premium Payment 5 Per cent Additional

The below mentioned Optional Rider is available with this policy :
a) Accidental Death Benefit(ADB)
b) Accidental Death Benefit(ADB)+Permanent Total Disable(PTD)
c)Accidental Death Benefit(ADB)+Permanent Total Disable(PTD) and Premium Waiver Benefit(PWB)

First Policy Issued Date:

* Terms and Conditions will be applicable.