Micro-life Insurance (Grameen Karja Beema)
SMFBS provides micro-life insurance to its client and her husband by linking its clients with formal life insurance company, National Life Insurance Company Limited(NLICL). The bank acts as agent of insurance company and collects premium and forwards the same to the insurance company and death claims are settled by the company through SMFBS accordingly.
|Premium Per Year||Benefit|
|Rs. 45.80||Rs. 10,000.00|
|Rs. 91.60||Rs. 20,000.00|
|Rs. 183.20||Rs. 40,000.00|
If the death of insured is due to accident the benefit is double of the above amount.