Grameen Sanchay
CreditAccess Life – Grameen Sanchay UIN – 163N012V01
Grameen Sanchay is a group savings, non-linked, micro insurance product developed by CreditAccess Life Insurance. It is specially designed and developed for CreditAccess Grameen Limited customers to help them secure their financial needs and provide protection for their families. This product aims to help customers plan their savings with as little as ₹200/- per week for a time frame of 3 to 5 years. CreditAccess Grameen will source this product to its customers as corporate agent of insurer CreditAccess Life.
Key Features of the Product:
- The product is available for CreditAccess Grameen customers between the age of 18 and 60 years.
- The product provides a guaranteed amount to the customer, either upon death during the policy term or on maturity at the end of the policy term.
- The guaranteed amount is based on the number of years (term) and the premium amount that the member chooses to save.
- Customers can choose to save between Rs 200 to Rs 600 on a weekly basis or Rs 300 to Rs 1,200 on a biweekly basis.