The distribution partner types are Banks, MFIs, Business Correspondents .
Yearly renewable voluntary personal accident insurance that covers accidental death and disability .
This is a group product, Voluntary opt-in
Death or severe dismemberment/total permanent disability due to accident. Disability is defined as :
Sum Insured- As per Selected Plan
Premium Rate- As per Selected Plan
Premium Payment- Annual or Monthly
The product is often voted for by annual general meetings of cooperatives. On positive vote, the policy gets extended for another year and cover is then mandatory for all members.