Aditya Birla Sun Life Saral Jeevan Bima Term Plan
Aditya Birla Term Insurance Aditya Birla Term Insurance ★ 4.6

Aditya Birla Saral Jeevan Bima

This plan aims to offer financial support to your family with easy-to- ...Read More

🛡️ IRDAI Approved
4.6/5 · 927 reviews
📊 1.88 solvency ratio
98.65% claim settlement ratio
🌐 1048++ pan-India

About Aditya Birla Saral Jeevan Bima

A quick read on what this Aditya Birla Term Insurance term plan covers and why it might be a fit for you.

Aditya Birla Sun Life Insurance Saral Jeevan Bima is a simple term insurance plan that offers high life cover at affordable premiums, with flexible premium payment options like single pay, limited pay, and regular pay. It provides a high life cover and comes with an option, Accidental Death Benefit Rider, which allows you to enhance your base cover for additional protection. You can even choose a premium payment term that allows you to pay a premium once, for a limited period, or throughout the policy term.

Aditya Birla Saral Jeevan Bima Plan offers you a range of benefits including:

  • Affordable premiums
  • flexible premium payment
  • Hassle-free buying process
  • Tax benefits
  • Accidental Death Benefit

 

Eligibility Criteria for Aditya Birla Saral Jeevan Bima

Entry age
Entry age
Minimum Age - 18 years Maximum Age - 65 years
Maturity age
Maturity age
Maximum Maturity Age - 70 years
Policy term
Policy term
Minimum term - 5 years, Maximum term - 40 years
Sum assured
Sum assured
Base sum assured: 5 lakhs to 25 Lakhs
Policy loan
Policy loan
The policy loan is not available under Aditya Birla Life Saral Jeevan Bima
Payment Modes
Payment Modes
Monthly, Half-Yearly or Annually

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • High-life cover
  • Accidental death
  • Flexible premium payment

Cons

  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Entry age - 18 years
Max entry age - 65 years
Min sum assured - 5 lakhs
Max maturity age - 70 years

How Does Aditya Birla Saral Jeevan Bima Plan Work?

Let's understand how the Aditya Birla Saral Jeevan Bima Plan works with a simple premium illustration.

Problem

Mr. Ashish is a 30 years old, non-smoker male earning 10 lacs or above annually, looking for insurance coverage of 1 crore till 60 years

Solution

He visited PolicyX.com to learn more about term plans. Policyx.com advisors carefully analyze his queries and suggest purchasingAditya Birla Saral Jeevan Bima Plan

Let us see a brief illustration of Aditya Birla Saral Jeevan Bima plan

Age  Policy Term Cover up to Sum assured Premium amount (Monthly)
30 years 30 years 60 years 1 Crore Rs. 698

 

 

Riders Associated with HDFC Life Click 2 Protect Supreme Plan

You can add the following riders to your HDFC Life Click 2 Protect Supreme Plan:

Waiver of Premium Rider

All the future premiums get waived if you face disability or critical illness, while the policy continues to stay active.

Features of Aditya Birla Saral Jeevan Bima

Key features that make Aditya Birla Saral Jeevan Bima stand out.

High Life Cover

The plan offers guaranteed high-life cover with a lump sum payout.

Accidental Death Cover

The plan covers accidental death in exchange for additional premiums.

Flexible Premium Payment

Flexible premium payment terms allow you to pay a premium once, for a limited period, or throughout the policy term.

Comprehensive Coverage

The plan offers comprehensive coverage at affordable premiums with easy-to-understand features.

Benefits of Aditya Birla Saral Jeevan Bima

Here are the key benefits of the Aditya Birla Saral Jeevan Bima.

Death benefit

In the event of the policyholder's unfortunate death during the policy term, the 100% death benefit payout shall be payable as a lump sum to the nominee.

Cancellation Benefit

When you feel that continuing the plan is unnecessary, you can surrender your policy and receive a cancellation value.

Optional Riders

Accidental death benefit rider is an optional feature that can enhance your base cover. This rider covers you against accidental death in exchange for additional premiums.

Exclusions of Aditya Birla Saral Jeevan Bima Term Plan

Here is the list of exclusions associated with the plan:

  • Suicide during the first 12 months of policy inception will not be covered.
  • Death occurred due to the pandemic not covered under this plan.
  • Injuries or illnesses caused due to any type of adventure sports.
  • Consumption of any type of, drugs, or alcohol except for the clinical purpose.
  • Any pre-existing disease that isn't mentioned during the start of the policy.

Conclusion

Aditya Birla Saral Jeevan Bima is a simple easy to understand term insurance plan. It offers life coverage at affordable premiums along with tax benefits as per the law. 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.

Conclusion

Aditya Birla Saral Jeevan Bima is a simple easy to understand term insurance plan. It offers life co

Aditya Birla Saral Jeevan Bima: FAQs

The 5 most-asked questions about Aditya Birla Saral Jeevan Bima, answered.

The maximum sum assured in the Aditya Birla Saral Jeevan Bima plan is Rs. 25 Lakhs.
Aditya Birla Saral Jeevan Bima plan is a simple protection plan that offers high life cover at affordable premiums.
Under this plan, you’ll not get any maturity benefit after you outlive the policy tenure.
Yes, you can exit the Saral Jeevan Bima plan and get surrender value only under single or limited pay.
Aditya Birla Sun Life Insurance has an impressive claim settlement ratio (CSR) of 98.12% (CSR as per IRDAI report for the year 2022-23).

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

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