Insurance is an important savings tool for people living in small towns and villages. The nature of their job exposes them to numerous financial risks making them vulnerable to heavy losses. Moreover, an unfortunate demise of the principle wage earner or disability due to illness or accident can be devastating in most families as it can wipe out their savings leaving them without any resources to start over.
Micro Insurance products from Tata AIA Life can help reduce the effects of financial losses by providing adequate financial cover. These products, which simplify the product offerings and provide financial security, are specially designed to meet the needs of low income groups by offering benefits like low premiums, simple policy terms and exclusions and no medical examinations.