by paybima

know everything about Saral Jeevan Bima

Saral Jeevan Bima is a standardized, pure term insurance policy, which provides financial security to your loved ones. It is a term plan with simple and uniform features which allows life insurance protection in the case of premature death.

What is Saral Jeevan Bima policy?

Features and benefits of Saral Jeevan Bima

Coverage after a short waiting period

Lump sum death benefit

Flexible premium payment options

Attractive premium discounts

The choice of optional riders

Eligibility of Saral Jeevan Bima

Age at entry

Minimum- 18 years Maximum- 65 years

Age at maturity

Minimum- 23 years Maximum- 70 years

Policy term

Minimum- 23 years Maximum- 70 years

Premium payment term

Single premium Regular premium- As same as term of the policy Limited premium- 5 years onwards depending on the insurer

Sum assured

Minimum- 5 lakh (in multiples of INR 50,000) Maximum- 25,00,000 onwards depending on the insurer

Premium payment mode

Monthly, quarterly, half-yearly and yearly

What is Covered under Saral Jeevan Bima?

Death due to Accidents

Death due to Illness

Death due to Injuries

What is not Covered under Saral Jeevan Bima?

Suicides within a year

Hazardous acts

Substance abuse

Criminal acts

Breach of good faith

Policy Lapse

Fraud claims

Have Questions in Mind?

Who should buy Saral Jeevan Bima?

How to buy Saral Jeevan Bima?

Documents needed for buying Saral Jeevan Bima

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