Bajaj Saral Jeevan Bima vs Smart Total Elite Protection Plan 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

Smart Total Elite Protection Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Death Benefit
  • Tax Benefit
  • 25 Lakh Max Sum Assured
  • Cover continuous benefit
  • Terminal illness cover
  • Early exit benefit
Plan Maturity age Maximum Maturity Age - 70 years Maximum Maturity Age - 85 years
Plan Sum Assured Base sum assured: Rs 5 lakhs to 25 lakhs Base sum assured: 20 lakhs to no limit.
Plan Entry Age Minimum Age - 18 years Maximum Age - 65 years Minimum Age - 18 years Maximum Age - 65 years
Plan Payment modes Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Policy loan The policy loan is not available under Bajaj Saral Jeevan Bima The policy loan is not available under Smart Total Elite Protection Plan.
Plan Sample Premium Rs 670/- per month Rs 605/- per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 5 years Maximum term - 40 years Minimum term - 10 years Maximum term - 67 years
Claim Settlement Ratio (2024-25) 99.33% 99.78
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* 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 Axis Max Life Smart Total Elite Protection Plan

You can add the following riders to your Axis Max Life STEP plan:

Axis Max Life Waiver of Premium Plus Rider

Axis Max Life Waiver of Premium Plus rider supports the insurer and their family by waiving off all future premiums of the term plan in case of the occurrence of any of the following events: Critical Illness or Permanent Disability.

Axis Max Life Critical Illness and Disability Rider

Under the critical illness rider, the policyholder receives an additional sum assured along with the base sum assured of the policy in case of diagnosis of any 40 listed critical diseases.

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