About the product
CreditAccess Sanrakshan Sukshm – Kutumbh Suraksha (Micro-Insurance Product) is an individual, non-linked, non-participating, pure risk premium product.
The target customer segment for the product is rural and low-income urban consumers. The product will be sold directly through the authorized employees of company branches.
Key Features
Eligibility
Product Cover Variants/ Features | Kutumbh Suraksha (Spouse Cover) |
Minimum Entry Age | 18 Years |
Maximum Entry Age | 59 Years |
Total Death Sum Assured # | Rs.2,00,000 |
Policy Term | 1 year |
Premium Payment Mode | Single Premium |
Terms and Conditions
Influence of any type of drugs and alcohol unless taken in accordance with the lawful directions and prescription of a registered medical practitioner.
Acts of foreign enemy, any war, invasion, rebellion, or civil commotion due to internal or external forces and willful participation in acts of violence.
Participation by the insured member in a criminal or unlawful act with criminal intent.
Adoption of a child.
Delivery of child within 6 months of policy issuance.
Annexure
Nomination and assignment shall be as per section 39 and Section 38 of Insurance Act 1938, respectively as amended from time to time, said details are available on https://creditaccesslife.in/
No person shall allow, or offer to allow, either directly or indirectly as an inducement to any person to take out or renew or continue an insurance ,in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses, or tables of the Insurer.
Provided that acceptance by an insurance agent of commission in connection with a policy of life insurance taken out by himself on his own life shall not be deemed to be acceptance of a rebate of premium within the meaning of this sub-section if at the time of such acceptance the insurance agent satisfies the prescribed conditions establishing that he is a bona fide insurance agent employed by the Insurer. Any person making default in complying with the provisions of this section shall be punishable with a fine, which may be extending to ten lakhs rupees.
Contact us at:
CreditAccess Life Insurance Limited
IRDAI Registration No. 163. CIN - U66020KA2019PLC120540
#595, 1st Floor, 15th Cross,1st Phase, Outer Ring Road, J.P. Nagar, Bengaluru, Karnataka, India – 560078
Email – service@calife.in
Telephone number – 080-6997 8070