- Purpose: To pay life insurance premium
- Maximum investment limit: equal to annual premium
- Duration: Maximum 1 year
- Interest rate: The interest rate will be as mentioned in the list
- Shares / Savings: Shares with a minimum of Rs.1000 / – and regular savings
- Bail: Minimum 2 members (20 percent savings guarantee of investment amount)
- Fees:
– Loan Form Fees: Rs.100 per investment up to 2 lakhs and above only Rs.250 per 5 lakhs.
– Service charge: 1 percent
– SMS fee: only Rs.250 per annum.