LIC Launches Single Premium Group Micro Term Insurance Plan
Affordable Life Insurance for Small Groups!
A simple, one-time premium life insurance plan for low-income groups. It provides financial security to members' families in case of untimely death.
Who Can Apply?
Microfinance institutions, self-help groups, and NGOs can easily enroll their members. Minimum 5 members needed!
– One-time premium: Pay once, stay covered.
– Group cover: For groups of 5 or more.
– Flexible terms: 1 to 5 years of coverage.
In case of a member’s death, the nominee gets a lump sum, offering financial help during tough times.
Why Choose LIC?
Trusted by millions, LIC makes life insurance simple, affordable, and easy to claim.
LIC’s new plan is a great way to ensure financial protection for low-income families.
Learn more