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Overview
SBI Saral Jeevan Bima is a non-linked, non-participating life insurance product suitable for individuals seeking pure protection cover.
The SBI Life Saral Jeevan Bima Plan provides financial security for your loved ones at a reasonable cost. It is a straightforward policy offering the flexibility of paying premiums once, regularly, or over 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. In the event of the life assured's death during the policy period, after the waiting period has passed or due to an accident, the nominee/legal heir will receive the sum assured in a lump sum. This plan does not offer any survival, maturity, or rider benefits. It is a simple, straightforward life insurance plan.
SBI Saral Jeevan Bima Plan offers a range of benefits, including:
- Affordable Premiums
- Multiple Premium Payment Terms
- Tax Benefits as per prevailing laws
- Life Cover up to 70 Years
- Instant Issuance
- Death Benefit
Exclusions
- Death due to a pandemic.
- Death due to adventure sports.
- Death due to consumption of drugs or alcohol.
- Death due to any pre-existing disease not disclosed at policy inception.
- Suicide within the first 12 months of policy purchase will not result in death benefits for the nominee.
