IRDAI Panel Suggests ‘Micro Insurance’ Modules For Low-Income Group, Small Businesses

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The panel has also suggested a maximum sum insured for each of the modules recommended by it. These include, Rs 5 lakh for ‘Saral Jeevan Bima’, Rs 5 lakh for ‘Bharat Griha Raksha Policy’, Rs 10 lakh for ‘Bharat Sookshma Udyam Suraksha’, Rs 3 lakh in case of personal accident and Rs 2,000 per day for 30 days in a year towards hospital expenses.

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