Bajaj Saral Jeevan Bima vs Promise2protect Term Insurance Plan 2026 | PolicyX
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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:

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

PLAN DETAILS

Bajaj Saral Jeevan Bima

Promise2protect
Premium Including GST
Key Features
(Key features of the plan)
  • Death Benefit
  • Tax Benefit
  • 25 Lakh Max Sum Assured
  • Increasing Coverage Option
  • 2 Plan Options
  • Spouse Coverage
Plan Maturity age Maximum Maturity Age - 70 years Maximum maturity age- 80 years
Plan Sum Assured Base sum assured: Rs 5 lakhs to 25 lakhs Base sum assured- Rs 15 lakhs to No limit
Plan Entry Age Minimum Age - 18 years Maximum Age - 65 years Minimum age- 18 years, Maximum age- 60 years
Plan Payment modes Annual, half-yearly, quarterly & monthly Yearly, half-yearly, quarterly, and monthly
Plan Policy loan The policy loan is not available under Bajaj Saral Jeevan Bima Policy loan is not available with this plan
Plan Sample Premium Rs 670/- per month Rs 543-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 5 years Maximum term - 40 years Minimum policy term- 5 years, Maximum policy term- (80- Entry age)
Claim Settlement Ratio (2024-25) 99.33% 99.43%

* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.

Riders

How does Canara HSBC Promise2Protect operate?

Canara HSBC Promise2Protect operates as follows:

  • First, choose between return of premium and pure protection options.
  • Select sum assured based on family needs, loans, or education goals.
  • Pick a term that matches your earning years.
  • Pay premiums monthly, quarterly, or annually.
  • Opt for payout as monthly income, lumpsum or both.
  • Add spouse cover under the same plan.
  • Increase coverage at life milestones like childbirth and marriage.
  • Receive a complete premium back if you survive the policy term under the ROP option.
  • Nominee gets the sum assured if death occurs during the term.

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