NIA Micro Life Agent case studies
NIA Micro Life Agent · Put your knowledge to work in context.
The NIA Micro Life Agent credential is a licensing-level qualification for people who want to sell small-face-amount life insurance products, typically in microinsurance or mass-market distribution channels. It suits new agents entering the life insurance field, staff at microinsurers and cooperatives, and distribution partners who need a structured grounding in life and health insurance basics before advising clients on simple protection products. The NIA Micro Life Agent case studies are 5 cases and about 4,224 words.
1The ₹2 crore keyman policy and a partner who walked out
Two years ago, Kiran Deshmukh and three partners formed a Pune-based auto-components firm. The firm took a keyman life policy on Kiran, the operations partner, for ₹2 crore, paying an annual premium of ₹2.6 lakh.
838 words, about 4 min2Section 45 and a death two weeks before the three-year mark
Sunita Rao, 47, bought a ₹75 lakh endowment policy on 18 June 2021 through a medical examination arranged by the insurer. In the proposal she answered 'No' to the questions on chest pain, breathlessness and heart disease.
847 words, about 4 min3The Kulkarnis' ₹68 lakh and a '25% higher' deferred annuity
Ravindra and Shalini Kulkarni are both 61, in good health, and have just retired from salaried jobs with no employer pension. Their entire retirement savings are ₹68 lakh: ₹45 lakh in fixed deposits earning 7.1%, and ₹23 lakh in an equity mutual fund.
818 words, about 4 min4Portability, hypertension and a ₹6.8 lakh bypass claim
Suresh Nair, 54, held a ₹15 lakh family floater with Insurer A continuously from April 2016 to June 2023. He disclosed hypertension at proposal in 2016 and had been on two tablets since 2018; Insurer A paid a small claim for a hypertensive episode in 2021.
820 words, about 4 min5A 72-year-old widow, a 15-year ULIP and ₹15,000 of commission
Kamla Venkatesh, 72, is a widow with no dependants and a ₹40 lakh fixed deposit maturing next week. Her only income is a small family pension, and she wants to keep ₹10 lakh liquid for a cataract surgery and for her granddaughter's school fees in about three years.
901 words, about 5 min