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Security for your loved ones is available with the SBI 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.
The table given below highlights the eligibility criteria for the SBI Life Saral Swadhan Plus plan.
Min: 18 Years
Max: 65 Years
Min: 5 L
Max: 25 L
Max: 70 years
5 to 40 Years
Regular Premium, Limited Premium (5 and 10 years), Single Premium
Read the brochure below to understand more about the plan:
SBI Life Saral Jeevan Bima Policy is a simple pure protection plan that is well known for protecting and safeguarding the insured life’s family in the face of adversity under any unforeseen circumstances. Read more to understand the features and benefits.
There are multiple benefits available when purchasing SBI Saral Jeevan Bima Plan. Here we have mentioned the advantages:
Know more about SBI Term Insurance plans, claim process, buying process, and contact details of the company by clicking on the sections below:
Click to know SBI Term Insurance Claim Process.
Click to know SBI Term Insurance Buying Process.
Click Here to Check SBI Life Term Insurance Contact Details.
You can find other term policies offered by the SBI Term Insurance company in the section below:
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SBI Life Smart Shield is a pure term plan that offers two options – Level Term Assurance and Increasing Term Assurance and offers additional riders for enhanced protection.
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A Life insurance, saving product with a return of premium. This plan provides fixed life cover throughout the term along with maturity benefits.
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A Life Insurance Pure Risk Premium Product. It provides a life cover with a one-time premium payment. It is an affordable plan with surrender benefits.
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See More Term Insurance Articles
See More Term Insurance Articles
Saral Jeevan Bima simplifies the concept of term insurance and brings it within easy reach of everyone. The Saral Jeevan Bima insurance is a standard term insurance policy that is being rolled out by insurance companies from 1 January 2021. This follows a directive from the Insurance Regulatory and Development Authority of India (IRDAI) to all life insurers to launch a standard term plan which will have uniform terms and conditions across insurers, with sum assured ranging between Rs 5 lakh and Rs 25 lakh.
SBI Saral Jeevan Bima offers a minimum sum assured of Rs 5 lakhs.
The minimum and maximum entry age for SBI Saral Jeevan Bima Plan are 18 Years to 65 Years.
SBI Saral Jeevan Bima policy is a basic pure protection plan that offers financial security to the insurer’s family in the face of adversity. It offers the sum assured in the form of a lump sum amount to the insurer’s family in order to provide them with financial protection.
SBI Saral Jeevan Bima is a basic protection scheme which does not offer any maturity benefits.
Read what our customers have to say about SBI term insurance company
Munmum Pathak
Pune
October 4, 2021
I have been meaning to thank policyx for helping me with the claims process...They were diligent and made the process so smooth
Rahul Kakoti
Allahabad
September 30, 2021
SBI has been my go-to for almost every finance stuff...got a decent cover through policyx this time! they have extensive knowlege and im happy
Guni Das
Chandigarh
September 28, 2021
amaaaaaazing team at policyx.com! super helpful and ready to give any aid as and when asked! thankssss y all
Himanta Biswa
Mysore
September 28, 2021
truly great support staff at policy man! they helped me compare options and weighed in with interesting insights...finally bought life cover from SBI life!...
Salman A
Bengaluru
September 27, 2021
very good work ethics at SBI nsurance...policyx agent helped me buy a policy from here. So it helped !
Jayesh
Gurgaon
September 22, 2021
the reputation of the company got me to approach SBI ...I bought a life plan and added riders etc ...so pretty sure its good enough coverage
Krutika Kalra
Jaipur
September 21, 2021
buyed my 1st plan from sbi ...took help from policyx who guide me to this ! so so pleased !very happy
Girish Saikia
Mumbai
September 20, 2021
very healthy discussion I did with policyx.com...i only wanted to buy SBI life plan so when I told them they helped me customize a good policy that I hope will be helpful
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