Group Term Insurance

Jana Small Finance Bank encourages all loan customers to secure their life and credit through our Life and General Insurance partnership with Bajaj Allianz Life Insurance Company, HDFC Life Insurance Company, Royal Sundaram General Insurance Company and Kotak Life Insurance Company by enrolling them into the Group Term Life cover.

Key Benefits

FEATURES KEY BENEFITS
Death Benefit
  • In case of unfortunate death of the life assured during the policy term, the benefit payable is equal to the Sum Assured and Policy Account Value as on date of receipt of intimation of death, if the policy is in-force.
Protects Families
  • The Policy is designed for low income groups to help them safeguard their families from financial losses that could arise in case a member dies while he or she is still repaying a loan.

Eligibility Criteria

All the customers who are availing Group and Individual loans from Jana Small Finance Bank are eligible for Group Term Insurance.

Parameters Details
Minimum Age at Entry 18 yrs
Maximum Age at Entry 60 yrs
Premium Payment Term Single Premium equal to the Loan Tenure

How to Apply

  • Visit the nearest branch of Jana Small Finance Bank, and meet our Relationship Manager to understand the application process for availing loan and enrolling for insurance.

Required Documents

As specified in our Loan Application Form.

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