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HDFC Term Insurance
HDFC Life Saral Jeevan Bima helps you protect your loved ones through ...Read More
A quick read on what this HDFC Term Insurance term plan covers and why it might be a fit for you.
HDFC Life Saral Jeevan Bima is a non-linked, non-participating plan with standardised IRDAI-approved features, which makes it simple, transparent, and easy to understand, especially for first-time buyers. It is also a non-linked, non-participating plan with simple features and standard terms & conditions. Saral Jeevan has two accidental death rider options, so it is a term plan that provides comprehensive protection at an affordable price and good coverage.
Let us explore the Saral Jeevan Bima plan in this article.
HDFC Saral Jeevan Bima Plan offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
The term plans offered by HDFC Life offer high coverage at low premiums making it affordable and accessible to all. HDFC Term Insurance offers an economical way of securing your family after you.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Saral Jeevan Bima plan works with a simple premium illustration.
Mr. Vikas is a 30-year-old non-smoker earning 10 lacs or above annually. He is looking for a pure-term plan to protect his family financially.
His financial advisor advised him to buy the HDFC Saral Jeevan Bima Work. He visited PolicyX.com.
Let's understand how the HDFC Saral Jeevan Bima works for him with a premium illustration table.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹856/month | ₹10,272/year | 30 years | ₹6,16,320 | ₹50 lacs |
Key Takeaways: If Mr. Vikas dies during the policy tenure, his family will receive ₹50 lacs as a death benefit from the insurer.
You can add the following riders to your HDFC Life Saral Jeevan Bima Plan:
Get additional income benefits over and above your sum assured in the event of total permanent disability due to an accident.
If the policyholder passes away due to an unfortunate accident during the rider term, 100% of the rider sum assured shall be payable.
Key features that make HDFC Life Saral Jeevan Bima stand out.
Multiple Rider Options
A policyholder has 2 rider options to choose from namely HDFC Income Benefit on Accidental Disability Rider and HDFC Life Protect Plus Rider. These two riders are pure accident benefit riders that protect you from disability or permanent disability.
Affordable Premiums
Under the HDFC Saral Jeevan Bima plan the benefit of high cover is offered at affordable prices.
Flexible Payout Options
Under HDFC Life Saral Jeevan Bima plan policyholders get the choice of three payout options. You can choose between single, limited and regular premium payout options on the basis of your family’s requirements.
Waiting Period
HDFC Life Saral Jeevan Bima plan provides a waiting period of 45 days from the date of commencement of the plan, but in case of revival of policy, the waiting period shall not be applicable.
Here are the key benefits of the HDFC Life Saral Jeevan Bima.
Death Benefit
If the life insured passes away during the policy term, the death benefit shall be payable to the nominee.
Tax Benefits
Policyholders may avail of tax benefits as per the Income Tax Act, 1961 for up to 1.5 lakhs for the paid premiums.
Deduction of Premium from Claim
If the insured passes away during the ongoing policy, due premiums will be deducted from the sum assured amount.
Freelook
In case the insured disagrees with any terms and conditions, he/she can return the policy to the company for cancellation within 15 days from the date of buying the policy.
Revival
In case if the policyholder misses to pay the premiums and the policy lapses, he/she can revive the policy within 5 years from the last unpaid due date, only the condition is the policy term has not expired.
Here is the list of exclusions associated with the plan:
HDFC Saral Jeevan Bima Plan is a pure protection plan that allows you to stay protected with a life cover up to the age of 70 years. It protects against unfortunate death during the policy term and offers additional options, such as additional riders and multiple payout options. If you want to know more about the plan or to buy Saral Jeevan Beema, you can easily contact us through the website policyx.com or call us at 1800-4200-269.
HDFC Saral Jeevan Bima Plan is a pure protection plan that allows you to stay protected with a life
The 8 most-asked questions about HDFC Life Saral Jeevan Bima, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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