SBI Saral Jeevan Bima
- Standard plan
- Affordable premiums
- Tax benefits
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Updated on Apr 08, 2025 4 min read
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:
Minimum Age - 18 years Maximum Age - 60 years
Maximum Maturity Age - 70 years
Minimum term - 5 years Maximum term - 40 years
Basic Sum Assured: ₹5L to ₹25L
The policy loan is not available under SBI Saral Jeevan Bima.
Single, Yearly, Half-Yearly, and Monthly
Let's understand how the SBI Sararl Jeevan Bima Term Insurance Plan works with a simple premium illustration.
Mr Kumar, a healthy 35-year-old, is looking for a term plan that offers long-term life coverage to protect his family financially at affordable premiums.
His financial advisor advised him to buy the SBI Sararl Jeevan Bima Plan Work. He visited PolicyX.com.
Let's understand how the SBI Sararl Jeevan Bima Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 35 years | ₹734/month | ₹8,808/year | 25 years | ₹2,20,200 | ₹20 Lakhs |
Key Takeaways: In case of an unfortunate event of death of the life assured during the policy term, a sum assured equal to ₹20 Lakhs will be paid to the nominee.
Here are the benefits associated with the SBI Saral Jeevan Bima
In case of the death of life assured during the policy period due to an accident the legal beneficiary will avail the lumpsum sum assured. The death benefit is available only once the waiting period has been passed mentioned in the policy wordings.
The plan offers a rebate in the premium rate for female policyholders in order to encourage the women to invest in the insurance plans.
With SBI Life Saral Jeevan Bima, you can stay protected with a life cover up to the age of 70 years.
SBI Term Insurance | Best Life Insurance Policy In India
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.
Here is the list of exclusions associated with the plan:
SBI Term Insurance Saral Jeevan Bima is a simple term insurance plan that offers complete protection up to the age of 70 years at affordable premiums. Apart from the death benefit, you can choose your premium payment term and pay at your convenience. If you want to know more about the plan or compare different plans, you can easily contact us through the website policyx.com or call us at 1800-4200-269.
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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