MicroinsuranceProducts:

Existing Product (Own Portfolio):

  • Life insurance under Group Insurance Policy
  • Insurance Premium at actual
  • Borrower and Guarantor coverage

Name of Insurance

LIC

HDFC-life

Maximum Amount

Microfinance Loan Amount

Microfinance Loan Amount

Coverage

Borrower and Guarantor

Borrower and Guarantor

Period

12 Months

12 Months

Annual Premium

1%

1%

Premium Review

Annaul

Annual

Insurance Fee collection

At the time of Disbursement