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Sbi Saral Jeevan Bima vs Bandhan Life Saral Jeevan Bima

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Know More About Plans

SBI Saral Jeevan Bima is a non-linked and non-participating life insurance premium product. It is suitable for people who want a pure protection cover.

Security for your loved ones is available with the SBI Life Saral Jeevan Bima Plan at a reasonable cost. It is a straightforward policy that offers the ease of paying a premium once, on a regular basis, or over the course of a policy period of 5 or 10 years. SBI Life Saral Jeevan Bima offers a death benefit to policyholders safeguarding the future of their loved ones. On the death of the life assured during the policy period once the waiting period has passed or due to an accident, the nominee/legal heir will receive the sum assured in lumpsum. SBI Life Saral Jeevan Bima does not offer any survival benefits, maturity benefits or rider benefits. It is a simple, straightforward life insurance plan.

SBI Saral Jeevan Bima Plan offers you a range of benefits including:

why-choose
  • Affordable Premiums
  • Multiple Premium Payment Term
  • Tax Benefits As Per Laws
  • Life Cover Up To 70 Years
  • Instant Issuance
  • Death Benefit
PLAN DETAILS

Sbi Saral Jeevan Bima


Bandhan Life Saral Jeevan Bima

Premium Including GST
Key Features
(Key features of the plan)
  • Standard plan
  • Affordable premiums
  • Tax benefits
  • Flexible premium payment term
  • Affordable premiums
  • Tax benefits
Plan Maturity age Maximum Maturity Age - 70 years Maximum Maturity Age - 70 years
Plan Sum Assured Basic Sum Assured: ₹5L to ₹25L Base sum assured: 5 lakhs to 25 lakhs
Plan Entry Age Minimum Age - 18 years Maximum Age - 65 years Minimum Age - 18 years Maximum Age - 65 years
Plan Payment modes Single, Yearly, Half-Yearly, and Monthly Annually, half-yearly, quarterly & monthly
Plan Policy loan The policy loan is not available under SBI Saral Jeevan Bima. The policy loan is not available under Bandhan Life Saral Jeevan Bima
Plan Sample Premium Rs 521-/ per month Rs 583-/ per month
Plan Brochure Brochure URL Brochure URL
Policy Term Minimum term - 5 years Maximum term - 40 years Minimum term - 5 years, Maximum term - 40 years
Claim Settlement Ratio (2024-25) 98.83% 99.73%
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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 Bandhan Life Saral Jeevan Bima Plan

You can add the following riders to your Bandhan Life Saral Jeevan Bima Plan:

Bandhan Life Accidental Death Benefits Rider

Provides a lump-sum benefit. In case of the unfortunate demise of the life insured during the policy term, this rider offers a lump-sum payout equal to the rider sum assured to the nominee.

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