Micro-life Insurance (Grameen Karza Beema)
SLBSL provides micro-life insurance to its client and her husband by linking its clients with formal life insurance company, Metlife Alico. The bank acts as agent of insurance company and collects premium and forwards the same to Metlife Alico and death claims are settled by the company through SLBSL accordingly.
|Premium Per Year||Benefit|
|Rs. 60.00||Rs. 10,000.00|
|Rs. 120.00||Rs. 20,000.00|
|Rs. 240.00||Rs. 40,000.00|
If the death of insured is due to accident the benefit is double of the above amount.