CreditAccess Life - Suraksha Sukshm

About the product

CreditAccess Life Suraksha Sukshm (Micro-Insurance Product) is a One-year renewable, Non-linked, Non-Participating Group Term Product. The target customer segment for the product is low-income rural and urban consumers. The product will be sold on the group platform through employer-employee groups, Micro finance institutions, Self-help groups, NGOs, Banks, other financial institutions, and other affinity groups.

Key Features

• Death Benefit: Upon death of the insured member during the policy term, Sum Assured, will be paid to the nominee.

Eligibility

Terms and Conditions

• Nomination : Insured can nominate a person/persons to whom the death benefit will be payable.
• Freelook period : In case the Insured doesn’t agree with any of the terms and conditions of the policy, insured can cancel the policy within 30 days from the time of receipt of the Certificate of Insurance (COI).
• Surrender Value : Insured will get back 90% of the premium for the remaining months as per the policy term
• Assignment : Insured has right to assign the policy in accordance with section 38 of the Insurance Act, 1938 and amended from time to time

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 : +91 80 6997 8070