Guardian Micro Endowment Plan
Guardian Micro Term 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||5000.00|
|Maximum Sum Assured||500000.00|
|Minimum Policy Term||1 Yrs|
|Maximum Policy Term||1 Yrs|
|Minimum Entry Age||16 Yrs|
|Maximum Entry Age||65 Yrs|
|Maximum Maturity Age||66 Yrs|
|Premium Payment Frequency||Yearly|
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 will be terminated upon such payment.
- With or Without Profits: Without Profits
- Survival Benefits: No survival benefits are payable under this plan
- Paid up Value: Not available
- Surrender Value: Not available
- Policy Loan Provisions: Not available
- Bonus: Not applicable.