Surakshit Loan Bima is a benefit policy that pays a lump-sum amount to the insured upon the occurrence of an event. The lump-sum payout assists the insured, i.e., bank and financial institution loan borrowers, in protecting themselves and their families from the stress of debt repayment in the event of unforeseen circumstances. The actual medical expenditures incurred by the insured during hospitalization are reimbursed by the health insurance policy up to the Sum Insured amount.