LIC launches single premium group micro term insurance plan

Life Insurance Corporation of India has introduced Single Premium Group Micro Term Insurance Plan with effect from Oct 07. This plan is a Non-Participating, Non-Linked, Group, Pure Risk, Life Micro Insurance product. With a flexibility to choose term from 1 month to 10 years for risk cover. it is available for group with size 50 or more members with risk cover sum assured ranging from Rs5000 to Rs200000 for members.