Bajaj Term Insurance
Bajaj Life Saral Jeevan Bima is an individual pure-risk premium life i ...Read More
A quick read on what this Bajaj Term Insurance term plan covers and why it might be a fit for you.
Bajaj Sararl Jeevan Bima is a non-linked, non-participating individual, pure-risk premium life insurance plan designed to provide financial security to the policyholder and their families. The plan offers flexibility in choosing sum assured, term, premium payment term, and payment mode. The policyholder can enjoy a good range of sum assured from 5 lakh to 25 lakh.
Bajaj Saral Jeevan Bima Plan offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Bajaj Saral Jeevan Bima Policy works with a simple premium illustration.
Mr. Verma is looking for a simple and affordable term plan that provides financial safety to his family in case of his unfortunate demise.
His financial advisor advised him to buy the Bajaj Saral Jeevan Bima Plan. He visited PolicyX.com
Let's understand how the Bajaj Saral Jeevan Bima Plan works for him with a premium illustration table.
| Age of policyholder | Annual premiums | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 30 years | Rs 8,321 | 30 years | 30 years | Rs 2,49,630 | Rs 25 lakhs |
Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 25 lakhs will be paid to their nominee.
Key features that make Bajaj Saral Jeevan Bima stand out.
Comprehensive life coverage
The plan offers a comprehensive life cover up to a term of 40 years.
Choose your premium payment term
Saral Jeevan Bima provides an option to choose from multiple premium payment terms.
Choice of policy term
Bajaj Saral Jeevan Bima offers you the option to choose the policy tenure.
Lower premiums for females
Bajaj Saral Jeevan Bima Plan offers lower premium rates for their female policyholders.
Here are the key benefits of the Bajaj Saral Jeevan Bima.
High Sum AssuredRebate
If the insured goes for a high sum assured amount the policy offers a high sum assured rebate.
Lower Premiums ForNon-Smokers
Bajaj Saral Jeevan Bima Term Plan offers lower premium rates for non-smokers; however, in accident cover and accelerated benefits, premium rates do not vary by smoker status.
Change in PremiumFrequency
Insured individuals will have the opportunity to change the prevailing premium payment frequency at any policy anniversary, during the policy term
Tax benefits
Bajaj offers term insurance tax benefits under section 80C of the income tax act 1961 for up to 1.5 lakhs of the total premium paid in the same financial year.
Here is the list of exclusions associated with the plan:
Bajaj Saral Jeevan Bima offers a simple and effective way to secure your future. With the flexibility in premium payment, and wide range of policy terms and a substantial life cover the plan offers all the necessary coverage. This a pure protection plan that offers death benefits along with tax benefits. Sarall Jeevan Bima is a true pal for the individual who has limited earnings and a desire to secure the future with a term insurance plan.
If you are still confused about which term plan is best for you then you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and choose a plan that suits your needs.
Bajaj Saral Jeevan Bima offers a simple and effective way to secure your future. With the flexibilit
The 3 most-asked questions about Bajaj Saral Jeevan Bima, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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