Rural insurance will see a fresh fillip with the introduction of a new policy which does away with the manadatory health checks for Life Insurance.

The initiative by Department of Posts will launch a Micro Life Insurance policy - no more require the insurees to disclose their present health condition or diseases at the time of buying the policy. This is clearly aimed at expanding the Life Insurance coverage in rural India.

The proposed insurance scheme, which can be availed by economically weaker sections (EWS) of the society and particularly women, will provide a risk cover up to Rs 25,000.