Group Bima Yojana protects micro finance institutions (MFIs) and their loans from turning into non-performing assets (NPAs) in case the borrower succumbs to life’s uncertainties.
Premium depends on the characteristics of the age/gender of the members insured.
Yes. On surrender of policy contract due to prepayment of entire loan, a surrender benefit is applicable. Refer to the plan brochure to know more.
Only suicide clause in the first year is excluded. Refer to the plan brochure to know more
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale. This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a Non Linked Non Participating Single Premium Group Micro Life Term Insurance Plan. All terms & conditions are guaranteed throughout the policy term. GST will be added (extra) to your premium and levied as per extant tax laws. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true. . Please refer the Exclusions Section in the sales brochure for details on Exclusions and the Terms & Conditions. UIN: 109N123V04 ADV/10/24-25/1851
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