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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:

| PLAN DETAILS |
Sbi Saral Jeevan Bima |
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 - 65 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 (2024-25) | 98.83% | 99.68% |
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SBI Term Insurance | Best Life Insurance Policy In India HDFC Term Insurance Plans |
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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.
You can add the following riders to your HDFC Life Saral Jeevan Bima Plan:
Get additional income benefits over and above your sum assured in the event of total permanent disability due to an accident.
If the policyholder passes away due to an unfortunate accident during the rider term, 100% of the rider sum assured shall be payable.