Saral Jeevan Bima
It is a standard product that will make it easier for you to get adequate life cover. It has been designed to help policy buyers make an informed choice of life insurance.
Under this plan, you can choose the sum assured as low as Rs. 5 Lakhs to financially protect your family. In case of your unfortunate demise during the policy period, the nominee will receive a death benefit to deal with various expenses in life. You can select a suitable premium payment variant fitting well into your financial plan.
Before you purchase the Saral Jeevan BimaYojana, here are some things you should be aware of:
- The product should be available to anybody regardless of gender, occupation, residency, or educational credentials.
- While each insurer’s onboarding and underwriting procedure may differ, the coverage under Saral Jeevan Bima Yojana is available to anybody aged
Benefits of Saral Jeevan Bima
As discussed above, the Saral Jeevan Bima plan is a standardized pure protection plan available at low premium rates. This plan is available for all the sections of the Indian society, irrespective of gender, age, occupation, education, and location. Additionally, the features of this plan are the same for all insurance companies offering it. In the below table, let us understand the benefits of the Saral Jeevan Bima Plan
- Financial Safety for Your Loved Ones : The Saral Jeevan Bima Term Insurance Plan offers life cover to protect the family members in case of an unforeseen event of your death.
- Long-time Coverage : Term coverage up to 70 years of age
- Multiple Premium Paying Terms : Offers Single, Limited (5/10 years), and Regular premium payment terms that help you avail of an option in line with your specific requirements