Saral Jeevan Bima

What is Saral Jeevan Bima?

It's a standard product that can make it simpler for you to secure a sufficient life insurance. It was designed to help policy purchasers make an informed choice about life insurance.

In this scheme, you are able to select the amount assured that is as low as Rs. 5 Lakhs to safeguard your family. If you suffer a tragic death during the period of coverage the person who is named as the beneficiary will receive the death benefit to assist with the various costs of life. You may select a premium payment plan that is a good fit to your budget.

If you've never purchased any type of term insurance due to exams for your occupation or education Now is the perfect right time to secure your future with this basic term plan.

Why do You Need Saral Jeevan Bima?

The Saral Jeevan Bima Plan is an essential life insurance policy for everyone. It was created to make it easy and accessible to policy purchasers. Saral Jeevan Bima is a flexible policy to pay premiums and accommodate the requirements of different financial situations. For example, the limited-pay option offered by Saral Jeevan Bima allows policyholders to pay their bonuses within the first few years of the policy term, thus gaining insurance for the rest of the period without charges for premiums.

In addition, you could choose the policy duration for Saral Jeevan from 5 to 40 years, depending on your preferences. If you're looking for a specific life insurance policy that provides adequate protection for your finances, Saral Jeevan Bima Yojana could be a suitable option.

Keys features of Saral Jeevan Bima

• Flexible Choice of the Premium Payment Term

Make sure you pay the cost of between 5 and 40 years to obtain a sufficient life insurance policy.

• Long Time Coverage

The term insurance coverage is valid for up to 70

• Simple to understand

A pure Term Insurance plan has death benefits but no survivorship or maturity benefits.

• Insurance Coverage for All Individuals

There is no restriction on education, profession, location of residence, or gender.

Things You Need To Learn about Saral Jeevan Bima

Before you decide to purchase the Saral Jeevan Bima Yojana, here are some points you need to know:

• This product must be accessible to anyone, regardless of age, gender, job, or residency qualifications.
• While the onboarding and underwriting procedures might differ, coverage provided by Saral Jeevan Bima Yojana can be accessed by all people aged between 18 and 65. The term of the policy is between five and forty years. They can pay the premiums regularly and for a period (5 or 10 years) or in one lump sum.
• The minimum amount guaranteed by Saral Jeevan Bima is 5 lakh rupees. There is maximum coverage of up to 25 lakhs rupees.
• Saral Jeevan Bima will pay for the death of a person due to an accident for 45 calendar days following the risk's commencement date. If the life insured dies of the life guaranteed that is not due to an accident within the waiting period, the sum of 100% of the premiums paid, minus taxes, if they exist, is paid, and the Sum Assured is not to be paid.

While Saral Jeevan's plans, terms, and conditions are the same across all insurance companies, it's crucial to look at the policy's price and the settlement rate.