| Topic : Microfinance: Financial Services for the Poor |
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Activity:
Question posted: 10 27 2009 13:52:09 +0000,
0 answers, 623 views, last activity
07 06 2010 20:18:08 +0000
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The Life Insurance Corporation of India launched its second micro insurance product ‘Jeevan Mangal’. The first being ‘Jeevan Madhur’, an Endowment Assurance plan and ‘Jeevan Mangal’ are customized offerings to cater to the distinct needs of the most vulnerable low income sections of Indian population.
Jeevan Mangal is a term assurance plan with return of premium on maturity providing for a sum assured (risk cover) ranging from minimum of Rs 10,000 to maximum of Rs 50,000 with an optional accident benefit rider, together providing for total death benefit equal to double the sum assured, on death due to accident.
Flexible modes of premium payment have been provided ranging from weekly, fortnightly, monthly, quarterly, half-yearly, annually and a single premium payment option has also been provided.
Can LIC becomes the leader in micro insurance sector just like the life insurance?
- Create a confidential Career Profile and Resume/C.V. online
- Get advice for planning their career and for marketing of experience and skills
- Maximize awareness of and access to the best career opportunities
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