Bajaj Allianz launches micro term insurance

Targets small income groups in rural parts of country

Bajaj Allianz Life Insurance has launched micro term insurance plan Bajaj Allianz Bima Dhan Suraksha Yojana with return of premium option.

Targeted at the small income groups in rural parts of the country, minimum premium of Bima Dhan Suraksha Yojana is capped at Rs 1,500 annually or Rs 200 monthly.

For a longer policy term of maximum 10 years, a person can get a protection cover (Sum Assured) of up to 35 times of the annual premium if he or she opts for regular premium before the age of 35 years.