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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:

| PLAN DETAILS |
Bajaj Saral Jeevan Bima |
Sbi Smart Shield Plus |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| 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.
You can choose the following riders with your SBI Life Smart Shield Plus Plan to enhance your plan coverage:
This rider offers additional benefits in case of the policyholder's uncertain death during the policy tenure.