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.
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