Why should you take this plan?

For you as a Master policyholders:

  • Provide enhanced value proposition to your customers, giving them security along with finances to make their dreams come true
  • Use this plan as an instrument to attract and retain loyal customers
  • Minimize the risk of non-repayment of loan in case of the unfortunate death of the customer

For Your Customers:

  • They can future proof their assets as well as their loved ones, against the loan liability
  • It gives a sense of security that the family’s dream shall be protected and will be liability free in case of an unfortunate event
  • The insurance protection comes at a very competitive cost
  • No medical examination is required in most cases (up to Non Medical Limit)


 Coverage Term

1 month to 30 years (in multiple of 1 month)

 Premium Payment Term

Single Premium

 Entry Age


For Education Loan : 14 years

For Other Loans: 18 years

Maximum: 79 years

 Coverage Expiry Age

Maximum: 80 years

 Sum Assured

Minimum: Rs. 5000

Maximum: No Limit; subject to Board approved underwriting policy

Sum Assured at inception of cover should be less than or equal to 120% of the initial loan amount

 Group Size

Minimum: 50 members

Maximum: No limit 


  • Assured protection to cover outstanding loan liability
  • Pay only once and get protection for the entire term
  • Flexibility to choose from level or reducing sum assured cover options
  • Option to cover up to 5 Co-borrowers for a single loan
  • Option to cover up to 120% of loan amount
  • Coverage term ranging from 1 month without moratorium (3 months with moratorium) to 30 years to incorporate all type of credit lines
  • Coverage for loans with moratorium period ranging from 3 months to 7 years
  • Covers all types of loan products