Sbi Saral Jeevan Bima
vs
Saral Jeevan Bima
- Affordable Premiums
- Multiple plan options to choose from
- Flexible premium payment options
| PLAN DETAILS |
 Sbi Saral Jeevan Bima |
3519-1727350847.webp){kind=logo} Saral Jeevan Bima |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
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| Plan Maturity age | Maximum Maturity Age - 70 years | Maximum Maturity Age - 70 years |
| Plan Sum Assured | Basic Sum Assured: ₹5L to ₹25L | Basic Sum Assured: ₹50,000 to no limit. |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 60 years | Minimum Age - 18 years Maximum Age - 65 years |
| Plan Payment modes | Single, Yearly, Half-Yearly, and Monthly | Single pay, 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 HDFC Life Saral Jeevan Bima Plan. |
| Plan Sample Premium | Rs 521-/ per month | Rs 630/- per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term - 5 years Maximum term - 40 years | Minimum term - 10 years Maximum term - 50 years |
| Claim Settlement Ratio (2023-24) | 98.25 | 99.7 |
* 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.
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 is a non-linked and non-participating life insurance premium product. SBI life Saral Jeevan Bima is suitable for people who want a pure protection cover.
SBI Saral Jeevan Bima Plan offers you a range of benefits including:
You can add the following riders to your SBI Life Sararl Jeevan Bima:
Accidental Death Benefits Rider provides an additional sum if the policyholder dies within 120 days of the accident.
Accidental Total and Permanent Disability Rider covers the policyholder in case of permanent disability of the policyholder due to an accident.
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With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.
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