This is what we offer with the plan
Get additional benefits like Sum Assured Reset Benefit and Additional Sum Assured benefit.
Select from 3 different variants - One Year Renewable Term (OYRT), Single Premium and Regular Premium.
Affordable protection at nominal cost.
Tax benefits under relevant sections as per prevailing tax laws.
Spouse cover option available
Death benefit
On death of the insured member during the Cover Term, Sum Assured including Additional Sum Assured (if opted) with respect to such member shall be payable in lumpsum, provided all premiums due till date have been paid and the cover is in force.
Maturity benefit
There is no maturity benefit under this plan.
Surrender value
This is a pure protection plan and therefore does not acquire any surrender value. For Single Premium plan with Cover Term of higher than 24 months, the policy shall acquire Refund Value immediately.
Tax benefits
Tax benefits may be available on premiums paid and benefit receivable as per prevailing Income Tax Laws.
Documents
Download the documents below to learn more about the Group microsurance plan II.
Get Started
This Developer Portal will provide you with the functional and technical documentation needed to integrate this plan with your business. Click on the button below to start exploring our APIs!