Grameen Jeevan Bima Yojana vs Sbi Saral Jeevan Bima Term Insurance Plan 2026 | PolicyX

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Are you looking for an extremely inexpensive term insurance plan with short coverage? Then Bharti AXA Grameen Jeevan Bima might be the right choice for you. The plan is a micro-term insurance plan, which means that it offers a minimal life cover, which starts at Rs. 10,000 and goes up to 2 Lacs. Grameen Jeevan Bima Yojana is a highly affordable plan with monthly premiums as low as Rs 85 only. The plan comes with a return of premium option and comes in 2 variants: Pure Protection or Protection with Return of Premium.

Bharti AXA Grameen Jeevan Bima offers you a range of benefits including:

  • Affordable Premium
  • Flexible Premium Payment Term
  • Advance Premium Option
  • Tax Benefits as per laws
  • Surrender Value
  • Return of Premium
PLAN DETAILS

Grameen Jeevan Bima Yojana

Sbi Saral Jeevan Bima

Premium Including GST
Key Features
(Key features of the plan)
  • Pure protection
  • Return of premium
  • Tax benefit
  • Standard plan
  • Affordable premiums
  • Tax benefits
Plan Maturity age Maximum Maturity Age - 65 years Maximum Maturity Age - 70 years
Plan Sum Assured Basic Sum Assured: ₹10 Thousands to ₹2 Lakhs Basic Sum Assured: ₹5L to ₹25L
Plan Entry Age Minimum Age - 18 years Maximum Age - 60 years Minimum Age - 18 years Maximum Age - 65 years
Plan Payment modes Single, Annual, Semi-Annual, Quarterly, and Monthly Single, Yearly, Half-Yearly, and Monthly
Plan Policy loan The policy loan is not available under Bharti AXA Grameen Jeevan Bima Plan. The policy loan is not available under SBI Saral Jeevan Bima.
Plan Sample Premium Rs 529-/ per month Rs 521-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 5 years Maximum term - 10 years Minimum term - 5 years Maximum term - 40 years
Claim Settlement Ratio (2024-25) 99.18% 98.83%
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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 Associated with Bharti AXA Grameen Jeevan Bima Plan

You can add the following riders to your Bharti AXA Grameen Jeevan Bima Plan:

Accidental Death Benefit Rider

Get an extra payout on top of the base cover in case of unfortunate death due to an accident.

Premium Waiver Rider

It waives off your future premiums in case you're faced with an unfortunate event like critical illness, permanent disability, or death.

Hospi Cash Benefit Rider

Get an additional payment of a fixed benefit for each day of hospitalization and a lump sum benefit in case of surgery.

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