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Overview
Aditya Birla Sun Life Insurance Saral Jeevan Bima is a simple term insurance plan offering high life cover at affordable premiums. It provides flexible premium payment options, including single pay, limited pay, and regular pay. The plan also comes with an optional Accidental Death Benefit Rider, allowing you to enhance your base cover for additional protection.
Aditya Birla Saral Jeevan Bima Plan offers a range of benefits, including:
- Affordable premiums
- Flexible premium payment
- Hassle-free buying process
- Tax benefits
- Accidental Death Benefit
Riders Associated with Aditya Birla Sun Life Saral Jeevan Bima Plan
You can add the following riders to your Aditya Birla Sun Life Saral Jeevan Bima Plan:
Accidental Death Benefit Rider
This rider pays an additional amount if death occurs due to an accident, over and above the base sum assured.
Accidental Total and Permanent Disability Rider
This rider provides financial support if an accident leads to permanent disability and loss of earning ability.
Critical Illness Rider
This rider pays a lump sum if you are diagnosed with serious illnesses such as cancer, heart attack, or stroke, as per policy terms.
Waiver of Premium Rider
All future premiums are waived if you face disability or critical illness, while the policy remains active.
Key Features
Death Benefit
In the event of the policyholder's unfortunate death during the policy term, 100% of the death benefit shall be payable as a lump sum to the nominee.
Cancellation Benefit
If you decide that continuing the plan is unnecessary, you can surrender your policy and receive a cancellation value.
Exclusions
- Suicide during the first 12 months of policy inception.
- Death due to a pandemic.
- Injuries or illnesses caused by adventure sports.
- Consumption of drugs or alcohol, except for clinical purposes.
- Any pre-existing disease not declared at policy inception.
