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Bajaj Saral Jeevan Bima vs Sbi Smart Shield Plus

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Know More About Plans

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;
PLAN DETAILS

Bajaj Saral Jeevan Bima


Sbi Smart Shield Plus

Premium Including GST
Key Features
(Key features of the plan)
  • Death Benefit
  • Tax Benefit
  • 25 Lakh Max Sum Assured
  • Choice of Plan Options
  • Optional Better Half Benefit
  • Lower Rates for Female Lives
Plan Maturity age Maximum Maturity Age - 70 years Maximum maturity age- 100 years
Plan Sum Assured Base sum assured: Rs 5 lakhs to 25 lakhs Base sum assured- Rs 25 lakhs to No limit
Plan Entry Age Minimum Age - 18 years Maximum Age - 65 years Minimum Age - 18 years Maximum Age - 45 years
Plan Payment modes Annual, half-yearly, quarterly & monthly Yearly
Plan Policy loan The policy loan is not available under Bajaj Saral Jeevan Bima Policy loan is not available
Plan Sample Premium Rs 670/- per month Rs 645-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 5 years Maximum term - 40 years Minimum policy term- 5 years to 79 minus entry age
Claim Settlement Ratio (2024-25) 99.29% 98.83%

* 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

Riders You Can Avail With SBI Life Smart Shield Plus Plan

You can choose the following riders with your SBI Life Smart Shield Plus Plan to enhance your plan coverage:

SBI Life Accident Benefit Rider

This rider offers additional benefits in case of the policyholder's uncertain death during the policy tenure.

Other Term Insurance Companies

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