Explanation of micro insurance
Importance for low-income individuals
Section 1: What is Micro Insurance?

Definition and purpose
How micro insurance supports financial resilience
Section 2: The Role of Micro Insurance

Protection against specific risks
Accessibility and affordability
Section 3: Key Features of Micro Insurance Plans

Low premium costs
Simplified policy terms
Targeted coverage
Section 4: LIC’s Micro Insurance Offerings

Overview of LIC’s commitment to micro insurance
Section 5: LIC’s Bhagya Lakshmi

Key Features:
Non-participating, limited payment protection plan
Returns 110% of premiums paid at maturity1
Eligibility Criteria:
Entry age: 18 to 55 years
Maturity age: up to 65 years1
Bonuses and Returns:
Maturity benefit equal to 110% of total premiums paid1
Section 6: LIC’s New Jeevan Mangal

Key Features:
Term assurance with return of premium option
Additional accidental death benefit2
Eligibility Criteria:
Entry age: 18 to 60 years
Maturity age: up to 70 years2
Bonuses and Returns:
Maturity benefit includes return of premiums paid2
Section 7: LIC’s Micro Bachat Plan

Key Features:
Non-linked, participating, life insurance plan
Protection and savings combination3
Eligibility Criteria:
Entry age: 18 to 55 years
Policy term: 10 to 15 years3
Bonuses and Returns:
Loyalty additions after five policy years3
Conclusion

Recap of micro insurance benefits
Encouragement to consider micro insurance for financial security
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