Sun Life Insurance Co. is starting to offer micro-insurance services to low and middle income clients in India, the first time a large Canadian insurer is venturing into microfinance.

The insurer’s unit, Birla Sun Life Insurance, said Thursday its minimum plan is valued at 5,000 rupees, or about $129 (Canadian) up to a maximum of 50,000 rupees or about $1,300. Premium payments range from monthly to yearly and can also cover accidental death.

Like other global insurers in India, such as the U.K.’s Aviva, Sun Life aims to expand in rural areas, and is betting micro-insurance will help it sell, initially, more than 60,000 policies. Life insurers are, under Indian rules, required to sell a certain percentage of their policies in rural areas.

“To further increase its reach in rural areas, Birla Sun Life Insurance has entered into tie-ups with some of the largest NGOs across India, which are doing excellent work in the rural areas,” the company said in a release. “These tie-ups ensure that the benefit of insurance reaches the people who require it the most.”

Under its conditions, clients aren’t required to take a medical examination and don’t need official papers confirming their age.