Bajaj Saral Jeevan Bima

Bajaj Sararl Jeevan Bima is a non-linked, non-participating individual, pure-ris ...Read More

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DIVYA SINGH
Written By:
DIVYA

DIVYA SINGH

Term and Life Insurance

Divya Singh is an associate writer at PolicyX.com with over 1 year of experience in creating diverse forms of content. She specializes in breaking down complex terms and life insurance topics into clear, practical insights for readers. Her approach combines thorough research with a simple, engaging style, ensuring that customers can understand policies without confusion.

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Reviewed By:
Apeksha Parsai

Apeksha Parsai

Term & Health Insurance

Apeksha Parsai has trained young minds about the benefits of health & term insurance throughout her 8+ years career. She designs, develops, and delivers impactful training programs for agents/brokers, and internal teams. Her expertise lies in insurance product knowledge, sales strategies, regulatory compliance, and customer service.

Bajaj Saral Jeevan Bima

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:

why-choose
  • Premium Flexibility 
  • Tax Benefit
  • Surrender Value
  • Additional riders to choose from
  • Death benefits
  • Choice of sum assured;

Eligibility Criteria for Bajaj Saral Jeevan Bima

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 65 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 70 years

Your Gender

Policy term

Minimum term - 5 years Maximum term - 40 years

Maternity Benefit Rider

Sum assured

Base sum assured: Rs 5 lakhs to 25 lakhs

Dr YSR Aarogyasri Trust

Policy loan

The policy loan is not available under Bajaj Saral Jeevan Bima

Maternity Benefit Rider

Payment modes

Annual, half-yearly, quarterly & monthly

How Does Bajaj Saral Jeevan Bima Policy Work?

Let's understand how the Bajaj Saral Jeevan Bima Policy works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mr. Verma is looking for a simple and affordable term plan that provides financial safety to his family in case of his unfortunate demise.

Solution

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.

Benefits of Bajaj Saral Jeevan Bima

Here are the benefits associated with the Bajaj Saral Jeevan Bima

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Features of Bajaj Saral Jeevan Bima

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.

Exclusions of Bajaj Saral Jeevan Bima

Here is the list of exclusions associated with the plan:

  • The policy shall be terminated if the policyholder commits suicide within 12 months from the date of policy inception.
  • Death due consumption of any intoxicants.
  • Death due to any aviation accident.

Conclusion

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.

Explore more about Bajaj Term Insurance

Explore other Bajaj Term Insurance

Bajaj Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Bajaj Term Insurance plans. Below is the list of term plans offered by Bajaj Term.

‘A woman who takes care of everyone in the family deserves a comprehensive solution that provides her protection.’ Bajaj Life Superwoman T...

Unique Features

  • Critical Illness Cover
  • Free Health Management Services
  • Child Care Benefit

Bajaj Superwoman Term Plan (Pros)

Bajaj Superwoman Term Plan
  • Critical Illness Cover
  • Free Health Management Services
  • Child Care Benefit

Bajaj Superwoman Term Plan (Cons)

Bajaj Superwoman Term Plan
  • 1 year waiting period for suicide
  • No policy loan
  • No pre-existing illness cover

Bajaj Superwoman Term Plan (Other Benefits)

Bajaj Superwoman Term Plan
  • Death Benefits
  • Terminal Illness
  • Benefit Waiver of Premium

Bajaj Superwoman Term Plan (Eligibility Criteria)

Bajaj Superwoman Term Plan
  • Entry age - 18 years
  • Max entry age - 60 years
  • Min sum assured - Rs 50 lakhs
  • Max maturity age - 99 years
  • PPT - RP/SP/LP

Bajaj iSecure More by Bajaj Life Insurance is an increasing cover term assurance plan. It offers a financial safety net to your loved ones in case of ...

Unique Features

  • Flexible Policy Tenure
  • Option to Avail Joint Life Cover
  • High Sum Assured Rebate

Bajaj iSecure More (Pros)

Bajaj iSecure More
  • 7 Plan Options
  • Cover Continuance Benefit
  • Inbuilt Terminal Illness Cover

Bajaj iSecure More (Cons)

Bajaj iSecure More
  • 1 year WP for suicide
  • No policy loan
  • No whole life coverage

Bajaj iSecure More (Other Benefits)

Bajaj iSecure More
  • Death Benefits
  • Increasing Sum Assured
  • Tax Rebates

Bajaj iSecure More (Eligibility Criteria)

Bajaj iSecure More
  • Entry age - 18 years
  • Max entry age - 60 years
  • Min sum assured - Rs 2.5 lakhs
  • Max maturity age - 70 years
  • PPT - Same as policy term

Bajaj Life Diabetic Term Plan Sub 8 HbA1c is a unique protection plan offering term insurance coverage to pre-diabetics and type 2 diabetic individual...

Unique Features

  • Keep Fit Benefit
  • Health Coaching
  • Second Medical Opinion

Bajaj Diabetic Term (Pros)

Bajaj Diabetic Term
  • Premium Reduction on Renewal
  • Good Health Premium Discounts
  • Health Management Services.

Bajaj Diabetic Term (Cons)

Bajaj Diabetic Term
  • No Maturity Benefit
  • No Surrender Value
  • Limited Coverage With Hba1c Level Above 8%

Bajaj Diabetic Term (Other Benefits)

Bajaj Diabetic Term
  • Tax Benefits Available
  • Flexible Sum Assured Options
  • Multiple Premium Payment Frequencies

Bajaj Diabetic Term (Eligibility Criteria)

Bajaj Diabetic Term
  • Entry Age -30 Years
  • Max Entry Age- 6 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - LP

Bajaj Life Smart Goal Protect is a comprehensive insurance plan that offers multiple benefits. An economic plan with affordable premium rates, comes i...

Unique Features

  • Critical illnesses covered
  • Return of Premiums
  • 4 Plan variants

Bajaj Life Smart Protect Goal (Pros)

Bajaj Life Smart Protect Goal
  • Critical Illness Benefit
  • Accidental Death Benefit (ADB)
  • Accidental Total Permanent Disability Benefit

Bajaj Life Smart Protect Goal (Cons)

Bajaj Life Smart Protect Goal
  • No Loans Allowed
  • 180 Days WP For Critical Illness
  • No Rebate for SA above 3 cr

Bajaj Life Smart Protect Goal (Other Benefits)

Bajaj Life Smart Protect Goal
  • Suicide Cover After 12 Months
  • Female Life Rebate
  • High Sum Assured Rebate (HSAR)

Bajaj Life Smart Protect Goal (Eligibility Criteria)

Bajaj Life Smart Protect Goal
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Min Sum Assured - 5 L
  • Max Maturity Age - 75 Yrs(ROP)
  • Premium Payment Term - RP/SP/LP

Most Indians consider insurance an unnecessary expense because they're not sure whether to get life insurance or health insurance. What if we told you...

Unique Features

  • Level Cover Term
  • Terminal Illness Cover
  • Flexible-Premium Payment Term

Bajaj Lifestyle Secure Plan (Pros)

Bajaj Lifestyle Secure Plan
  • Family Cover
  • Choose your Policy Term (PT)
  • Inbuilt Accelerated Terminal Illness

Bajaj Lifestyle Secure Plan (Cons)

Bajaj Lifestyle Secure Plan
  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Lifestyle Secure Plan (Other Benefits)

Bajaj Lifestyle Secure Plan
  • Suicide Cover
  • Easy Claim Settlement
  • Policy revival Within 5 Years

Bajaj Lifestyle Secure Plan (Eligibility Criteria)

Bajaj Lifestyle Secure Plan
  • Entry Age -18 Years
  • Max Entry Age- 50 Years
  • Minimum Sum Assured - 3L
  • Maximum Maturity Age - 60 Years
  • Premium Payment Term - 5/ 7/ 10/ 15/ 20 Yrs

Bajaj iSecure Loan is a pure protection loan cover term life insurance plan. With a flexible policy term and a minimum sum assured of 3 lacs, you can ...

Unique Features

  • Protection against loan
  • Joint life cover
  • Rider benefits

Bajaj iSecure Loan (Pros)

Bajaj iSecure Loan
  • Suicide Cover
  • Tax benefits
  • Policy Revival within 5 Years

Bajaj iSecure Loan (Cons)

Bajaj iSecure Loan
  • No Survival Benefit
  • No Surrender Benefit
  • No Discount Benefit

Bajaj iSecure Loan (Other Benefits)

Bajaj iSecure Loan
  • Accidental Death Benefit Rider
  • Waiver of Premium Benefit Rider
  • Accidental Permanent Total/Partial Disability Rider

Bajaj iSecure Loan (Eligibility Criteria)

Bajaj iSecure Loan
  • Entry Age -25 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 3 L
  • Maximum Maturity Age - 65 Yrs
  • Premium Payment Term - 10/ 15/ 20/ 25 years

Bajaj Sararl Jeevan Bima is a non-linked, non-participating individual, pure-risk premium life insurance plan designed to provide financial security t...

Unique Features

  • Death Benefit
  • Tax Benefit
  • 25 Lakh Max Sum Assured

Bajaj Saral Jeevan Bima (Pros)

Bajaj Saral Jeevan Bima
  • Spouse Cover
  • Max Sum Assured 25 Lakh
  • Available for Online Buying

Bajaj Saral Jeevan Bima (Cons)

Bajaj Saral Jeevan Bima
  • No Survival Benefit
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Saral Jeevan Bima (Other Benefits)

Bajaj Saral Jeevan Bima
  • Avail Tax Benefits
  • Easy Claim Settlement Process
  • Flexible-Premium Payment term

Bajaj Saral Jeevan Bima (Eligibility Criteria)

Bajaj Saral Jeevan Bima
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP (5&10 Years)

Bajaj Life Secure is an advanced term insurance plan that offers protection till your 100th birthday. This plan is a non-linked and non-participating ...

Unique Features

  • 3 Plan Options
  • Critical Illness Benefit
  • Waiver Of Premium

Bajaj Life Secure (Pros)

Bajaj Life Secure
  • Surrender Benefit
  • Suicide Cover
  • Choose your Sum Assured

Bajaj Life Secure (Cons)

Bajaj Life Secure
  • No Survival Benefit
  • No Thyroid Cancer Cover
  • No Maturity Benefit

Bajaj Life Secure (Other Benefits)

Bajaj Life Secure
  • Death Benefit
  • Accelerated Critical Illness
  • Waiver of premium Benefit

Bajaj Life Secure (Eligibility Criteria)

Bajaj Life Secure
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 20 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - 5 7 10 and 15 years

Bajaj iSecure is a non-linked, non-participating plan that offers an advanced level of term insurance coverage at a low cost. The plan offers rewards ...

Unique Features

  • 105% Death Benefit
  • Rider Benefit
  • 50 lakhs Max Sum Assured

Bajaj iSecure plan (Pros)

Bajaj iSecure plan
  • No Suicide Cover
  • Healthy Lifestyle Incentives
  • Customizable Options

Bajaj iSecure plan (Cons)

Bajaj iSecure plan
  • No Maturity Benefit
  • Limited Rider Options
  • Limited Availability for POS Channel

Bajaj iSecure plan (Other Benefits)

Bajaj iSecure plan
  • Tax Benefits
  • Premium Payment Options
  • High Sum Assured Rebate (HSAR)

Bajaj iSecure plan (Eligibility Criteria)

Bajaj iSecure plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 2.5 L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - 10 to 25 Yrs

Bajaj e-touch is a pure term insurance plan safeguarding you and your loved ones from unforeseen circumstances. The plan is equipped to manage various...

Unique Features

  • High SI Available
  • Accidental Death Benefit
  • Health Management Services

Bajaj Life e-Touch (Pros)

Bajaj Life e-Touch
  • Shield
  • Shied Plus
  • Shield Supreme

Bajaj Life e-Touch (Cons)

Bajaj Life e-Touch
  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Life e-Touch (Other Benefits)

Bajaj Life e-Touch
  • Max Sum Assured 2 Cr
  • Sheild Super
  • High Sum Assured Rebate (HSAR)

Bajaj Life e-Touch (Eligibility Criteria)

Bajaj Life e-Touch
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - 10 to 40 Yrs

Bajaj Life Saral Jeevan Bima : FAQs

1. What is the grace period for this plan?

The policy offers a grace period of 15 days.

2. Does Bajaj Saral Jeevan Bima offer any Rider Benefit?

No, Bajaj Saral Jeevan Bima does not offer any rider benefit.

3. What is the maximum sum assured offered by the plan?

The plan offers a maximum sum assured of 25 Lakh.

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