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 Home > Rural Plans > ICICI Pru Suraksha Kavach life insurance scheme
Preamble
ICICI Pru Suraksha
ICICI Pru Suraksha Kavach
 

ICICI Pru Suraksha Kavach

life insurance plans

Suraksha Kavach is different from Surkasha in that it is sold exclusively through Micro Finance Institutions (MFIs) when a customer avails of a loan. The primary goal of Suraksha Kavach is to pay off the outstanding loan amount in the event of the policy holder's death, thereby safeguarding the financial future of his or her family members.

 

This policy can be availed in single premium modes only. The policy is assigned to a lending institution that becomes the beneficiary and provides the policy holder with a cover for the loan amount.

 

The basic features of the plan are as follows:

Sum Assured Rs. 5,000, Rs. 10000 Rs. 15000, Rs. 20000, Rs. 25000 (Fixed)

Premium (Age independent ) for a cover of Rs 10000

 

Death benefits

 

Maturity Benefit

 

Min age at entry

 

Max age at entry

 

Min Term

 

Max Term

 

Premium payment frequencies

 

Maximum Cover Ceasing Age

 

Premium payment period

 

Life Cover

 

Policy will acquire surrender value

 

Medical requirements

 

Age proof

 

 

Age 30 years ( female) Policy Term 3 years SP = Rs 244

 

Sum Assured on Death

 

No maturity benefit

 

18 years

 

55 years

 

3 years (Fixed)

 

5 years (Fixed)

 

SP:- Single,

 

60 Years

 

SP:-Single

 

Entire term of the policy

 

NA

 

Nil

 

Age proof – (All Standard and non- standard age proofs)

 
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