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| Micro Insurance |
Group Term Life Insurance
In the micro-insurance part of Annapurna Microfinance, Rs. 6 per Rs. 1000 of the loan per annum is the premium charged for the insurance given to clients. Apart from this, if a client pays Rs. 12 in connection to her husband, then his life will also be covered in the insurance.
| Premium (p.a) |
If Rs. 60 |
If Rs. 120 |
If Rs. 180 |
If Rs. 240 |
| Sum Assured: Natural Death |
Rs. 10,000 |
Rs. 20,000 |
Rs. 30,000 |
Rs. 40,000 |
TATKAL BIMA
AMPL has recently tied-up with Bajaj Allianz Life Insurance Company and has come up with low cost saving product named “TATKAL BIMA”. These saving products will be cross sold to the existing customers as well to others.
Details of the product
Coverage Period
 Minimum Entry Age: 18, Maximum Entry Age: 65
Minimum Policy Term: 5 years, Maximum Policy Term: up to 70 years of age
Premium
Minimum Rs. 500 p.a & Maximum Rs. 10,000 p.a
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| A. Premium and sum assured options |
| Premium (p.a) |
If Rs. 500 |
If Rs. 1000 |
If Rs. 2000 |
If Rs. 5000 |
If Rs. 10,000 |
| Sum Assured: Natural Death |
Rs. 12,500 |
Rs. 25,000 |
Rs. 50,000 |
Rs. 1,25,000 |
Rs. 2,50,000 |
| Sum Assured: Accidental Death |
Rs. 25,000 |
Rs. 50,000 |
Rs. 1,00,000 |
Rs.2,50,000 |
Rs. 5,00,000 |
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| B. Maturity Benefit |
| Invested premiums plus interest (6%-8%) |
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| C. Death Benefit |
| SA + account value (invested premium plus interest) |
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| D. Accident Death Benefit |
| Double SA + Account value (invested premiums plus interest) |
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