Bajaj Allianz Saral Jeevan Bima
  • Death Benefit
  • Tax Benefit
  • 25 Lakh Max Sum Assured
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Bindiya Sinha
Written By:
Bindiya

Bindiya Sinha

Term & Life Insurance

Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.

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Reviewed By:
Priya Singh

Priya Singh

Health, Life & Term Insurance

Priya has been in the content writing industry for over 9 years. She has been religiously following the insurance sector since the start of her career which makes her an avid insurance expert. Her forte lies in health, term, and life insurance writing, along with her knowledge of the latest developments in the insurance sector.

Himanshu Kumar

Himanshu Kumar

Term Insurance, Content Writer

Content Manager with heart, mind, and soul dedicated to creating impactful content that exceeds the market standard, delivers and reaches the readers conveniently. Besides producing high-ranking content, my focus lies in creating content that solves user queries and adds value.

Himanshu Kumar

Written By: Himanshu Kumar

Updated on Jan 15, 2025

Himanshu Kumar

Anchita Bhattacharyya

Term Insurance, Content Manager

Content Manager with heart, mind, and soul dedicated to creating impactful content that exceeds the market standard, delivers and reaches the readers conveniently. Besides producing high-ranking content, my focus lies in creating content that solves user queries and adds value.

Reviewed By: Anchita Bhattacharyya

15 min read

Rhishabh Garg
Written By: Rhishabh Garg
Rhishabh Garg
Rhishabh Garg Term Insurance Head
Rhishabh Garg is the Business Unit Head of Term Insurance at Policybazaar.com. He has over 10 years of experience and currently plays a crucial role in shaping the future of term insurance in the company. Rhishabh also has experience in customer services and crafts new strategies for organizational success, one of which is Policybazaar’s claim assistance program.
Santosh Agrawal
Reviewed By: Santosh Agrawal
Santosh Agrawal
Santosh AgrawalChief Business Officer
Santosh Agarwal is the Chief Business Officer of life Insurance at Policybazaar.com and has over a decade of experience in the insurance domain. She has helped shape Policybazaar's life insurance vertical and ensures the effective execution of the company's overall strategy. Santosh is also responsible for the Term Insurance for Women domain at Policybazaar.com and educates the masses about its importance and benefits.

Bajaj Allianz Saral Jeevan Bima

Bajaj Allianz Sararl Jeevan Bima is a non-linked, non-participating individual, pure-risk premium life insurance plan designed to provide financial security to the policyholder and their families. The plan offers flexibility in choosing sum assured, term, premium payment term, and payment mode. The policyholder can enjoy a good range of sum assured from 5 lakh to 25 lakh.

Bajaj Allianz Saral Jeevan Bima Plan offers you a range of benefits including:

why-choose
  • Premium Flexibility 
  • Tax Benefit
  • Surrender Value
  • Additional riders to choose from
  • Death benefits
  • Choice of sum assured;

Eligibility Criteria for Bajaj Allianz Saral Jeevan Bima

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 65 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 70 years

Your Gender

Policy term

Minimum term - 5 years Maximum term - 40 years

Maternity Benefit Rider

Sum assured

Base sum assured: Rs 5 lakhs to 25 lakhs

Dr YSR Aarogyasri Trust

Policy loan

The policy loan is not available under Bajaj Allianz Saral Jeevan Bima

Maternity Benefit Rider

Payment modes

Annual, half-yearly, quarterly & monthly

How Does Bajaj Saral Jeevan Bima Policy Work?

Let's understand how the Bajaj Saral Jeevan Bima Policy works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mr. Verma is looking for a simple and affordable term plan that provides financial safety to his family in case of his unfortunate demise.

Solution

His financial advisor advised him to buy the Bajaj Allianz Saral Jeevan Bima Plan. He visited PolicyX.com

Let's understand how the Bajaj Allianz Saral Jeevan Bima Plan works for him with a premium illustration table.

Age of policyholder Annual premiums Policy tenure Premium payment term Total premiums paid Sum assured
30 years Rs 8,321 30 years 30 years Rs 2,49,630 Rs 25 lakhs

Key Takeaways: In case of Mr. Verma's demise during the policy tenure, Rs 25 lakhs will be paid to their nominee.

Benefits of Bajaj Allianz Saral Jeevan Bima

Here are the benefits associated with the Bajaj Allianz Saral Jeevan Bima

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Features of Bajaj Allianz Saral Jeevan Bima

Comprehensive life coverage

The plan offers a comprehensive life cover up to a term of 40 years.

Choose your premium payment term

Saral Jeevan Bima provides an option to choose from multiple premium payment terms.

Choice of policy term

Bajaj Allianz Saral Jeevan Bima offers you the option to choose the policy tenure.

Lower premiums for females

Bajaj Allianz Saral Jeevan Bima Plan offers lower premium rates for their female policyholders.

Exclusions of Bajaj Allianz Saral Jeevan Bima

Here is the list of exclusions associated with the plan:

  • The policy shall be terminated if the policyholder commits suicide within 12 months from the date of policy inception.
  • Death due consumption of any intoxicants.
  • Death due to any aviation accident.

Conclusion

Bajaj Allianz Saral Jeevan Bima offers a simple and effective way to secure your future. With the flexibility in premium payment, and wide range of policy terms and a substantial life cover the plan offers all the necessary coverage. This a pure protection plan that offers death benefits along with tax benefits. Sarall Jeevan Bima is a true pal for the individual who has limited earnings and a desire to secure the future with a term insurance plan.

If you are still confused about which term plan is best for you then you can contact us at PolicyX.com. One of our insurance representatives will contact you shortly, understand your requirements, and choose a plan that suits your needs.

Explore more about Bajaj Allianz Term Insurance Company

Explore other Bajaj Allianz Term Insurance

Bajaj Allianz Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Bajaj Allianz Term Insurance plans. Below is the list of term plans offered by Bajaj Allianz.

Bajaj Allianz iSecure More by Bajaj Allianz Life Insurance is an increasing cover term assurance plan. It offers a financial safety net to your loved ...

Unique Features

  • Flexible Policy Tenure
  • Option to Avail Joint Life Cover
  • High Sum Assured Rebate

Bajaj Allianz iSecure More (Pros)

Bajaj Allianz iSecure More
  • 7 Plan Options
  • Cover Continuance Benefit
  • Inbuilt Terminal Illness Cover

Bajaj Allianz iSecure More (Cons)

Bajaj Allianz iSecure More
  • 1 year WP for suicide
  • No policy loan
  • No whole life coverage

Bajaj Allianz iSecure More (Other Benefits)

Bajaj Allianz iSecure More
  • Death Benefits
  • Increasing Sum Assured
  • Tax Rebates

Bajaj Allianz iSecure More (Eligibility Criteria)

Bajaj Allianz iSecure More
  • Entry age - 18 years
  • Max entry age - 60 years
  • Min sum assured - Rs 2.5 lakhs
  • Max maturity age - 70 years
  • PPT - Same as policy term

Bajaj Allianz Life Diabetic Term Plan Sub 8 HbA1c is a unique protection plan offering term insurance coverage to pre-diabetics and type 2 diabetic in...

Unique Features

  • Keep Fit Benefit
  • Health Coaching
  • Second Medical Opinion

Bajaj Allianz Diabetic Term Plan (Pros)

Bajaj Allianz Diabetic Term Plan
  • Premium Reduction on Renewal
  • Good Health Premium Discounts
  • Health Management Services.

Bajaj Allianz Diabetic Term Plan (Cons)

Bajaj Allianz Diabetic Term Plan
  • No Maturity Benefit
  • No Surrender Value
  • Limited Coverage With Hba1c Level Above 8%

Bajaj Allianz Diabetic Term Plan (Other Benefits)

Bajaj Allianz Diabetic Term Plan
  • Tax Benefits Available
  • Flexible Sum Assured Options
  • Multiple Premium Payment Frequencies

Bajaj Allianz Diabetic Term Plan (Eligibility Criteria)

Bajaj Allianz Diabetic Term Plan
  • Entry Age -30 Years
  • Max Entry Age- 6 Years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - LP

Bajaj Allianz Life Smart Goal Protect is a comprehensive insurance plan that offers multiple benefits. An economic plan with affordable premium rates,...

Unique Features

  • Critical illnesses covered
  • Return of Premiums
  • 4 Plan variants

Bajaj Allianz Life Smart Protect Goal Plan (Pros)

Bajaj Allianz Life Smart Protect Goal Plan
  • Critical Illness Benefit
  • Accidental Death Benefit (ADB)
  • Accidental Total Permanent Disability Benefit

Bajaj Allianz Life Smart Protect Goal Plan (Cons)

Bajaj Allianz Life Smart Protect Goal Plan
  • No Loans Allowed
  • 180 Days WP For Critical Illness
  • No Rebate for SA above 3 cr

Bajaj Allianz Life Smart Protect Goal Plan (Other Benefits)

Bajaj Allianz Life Smart Protect Goal Plan
  • Suicide Cover After 12 Months
  • Female Life Rebate
  • High Sum Assured Rebate (HSAR)

Bajaj Allianz Life Smart Protect Goal Plan (Eligibility Criteria)

Bajaj Allianz Life Smart Protect Goal Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Min Sum Assured - 5 L
  • Max Maturity Age - 75 Yrs(ROP)
  • Premium Payment Term - RP/SP/LP

Most Indians consider insurance an unnecessary expense because they're not sure whether to get life insurance or health insurance. What if we told you...

Unique Features

  • Level Cover Term
  • Terminal Illness Cover
  • Flexible-Premium Payment Term

Bajaj Allianz Lifestyle Secure Plan (Pros)

Bajaj Allianz Lifestyle Secure Plan
  • Family Cover
  • Choose your Policy Term (PT)
  • Inbuilt Accelerated Terminal Illness

Bajaj Allianz Lifestyle Secure Plan (Cons)

Bajaj Allianz Lifestyle Secure Plan
  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Allianz Lifestyle Secure Plan (Other Benefits)

Bajaj Allianz Lifestyle Secure Plan
  • Suicide Cover
  • Easy Claim Settlement
  • Policy revival Within 5 Years

Bajaj Allianz Lifestyle Secure Plan (Eligibility Criteria)

Bajaj Allianz Lifestyle Secure Plan
  • Entry Age -18 Years
  • Max Entry Age- 50 Years
  • Minimum Sum Assured - 3L
  • Maximum Maturity Age - 60 Years
  • Premium Payment Term - 5/ 7/ 10/ 15/ 20 Yrs

Bajaj Allianz iSecure Loan is a pure protection loan cover term life insurance plan. With a flexible policy term and a minimum sum assured of 3 lacs, ...

Unique Features

  • Protection against loan
  • Joint life cover
  • Rider benefits

Bajaj Allianz iSecure Loan Plan (Pros)

Bajaj Allianz iSecure Loan Plan
  • Suicide Cover
  • Tax benefits
  • Policy Revival within 5 Years

Bajaj Allianz iSecure Loan Plan (Cons)

Bajaj Allianz iSecure Loan Plan
  • No Survival Benefit
  • No Surrender Benefit
  • No Discount Benefit

Bajaj Allianz iSecure Loan Plan (Other Benefits)

Bajaj Allianz iSecure Loan Plan
  • Accidental Death Benefit Rider
  • Waiver of Premium Benefit Rider
  • Accidental Permanent Total/Partial Disability Rider

Bajaj Allianz iSecure Loan Plan (Eligibility Criteria)

Bajaj Allianz iSecure Loan Plan
  • Entry Age -25 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - 3 L
  • Maximum Maturity Age - 65 Yrs
  • Premium Payment Term - 10/ 15/ 20/ 25 years

Bajaj Allianz Sararl Jeevan Bima is a non-linked, non-participating individual, pure-risk premium life insurance plan designed to provide financial se...

Unique Features

  • Death Benefit
  • Tax Benefit
  • 25 Lakh Max Sum Assured

Bajaj Allianz Saral Jeevan Bima (Pros)

Bajaj Allianz Saral Jeevan Bima
  • Spouse Cover
  • Max Sum Assured 25 Lakh
  • Available for Online Buying

Bajaj Allianz Saral Jeevan Bima (Cons)

Bajaj Allianz Saral Jeevan Bima
  • No Survival Benefit
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Allianz Saral Jeevan Bima (Other Benefits)

Bajaj Allianz Saral Jeevan Bima
  • Avail Tax Benefits
  • Easy Claim Settlement Process
  • Flexible-Premium Payment term

Bajaj Allianz Saral Jeevan Bima (Eligibility Criteria)

Bajaj Allianz Saral Jeevan Bima
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 5L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP (5&10 Years)

Bajaj Allianz Life Secure is an advanced term insurance plan that offers protection till your 100th birthday. This plan is a non-linked and non-partic...

Unique Features

  • 3 Plan Options
  • Critical Illness Benefit
  • Waiver Of Premium

Bajaj Allianz Life Secure Plan (Pros)

Bajaj Allianz Life Secure Plan
  • Surrender Benefit
  • Suicide Cover
  • Choose your Sum Assured

Bajaj Allianz Life Secure Plan (Cons)

Bajaj Allianz Life Secure Plan
  • No Survival Benefit
  • No Thyroid Cancer Cover
  • No Maturity Benefit

Bajaj Allianz Life Secure Plan (Other Benefits)

Bajaj Allianz Life Secure Plan
  • Death Benefit
  • Accelerated Critical Illness
  • Waiver of premium Benefit

Bajaj Allianz Life Secure Plan (Eligibility Criteria)

Bajaj Allianz Life Secure Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 20 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - 5 7 10 and 15 years

Bajaj Allianz iSecure is a non-linked, non-participating plan that offers an advanced level of term insurance coverage at a low cost. The plan offers ...

Unique Features

  • 105% Death Benefit
  • Rider Benefit
  • 50 lakhs Max Sum Assured

Bajaj Allianz iSecure Plan (Pros)

Bajaj Allianz iSecure Plan
  • No Suicide Cover
  • Healthy Lifestyle Incentives
  • Customizable Options

Bajaj Allianz iSecure Plan (Cons)

Bajaj Allianz iSecure Plan
  • No Maturity Benefit
  • Limited Rider Options
  • Limited Availability for POS Channel

Bajaj Allianz iSecure Plan (Other Benefits)

Bajaj Allianz iSecure Plan
  • Tax Benefits
  • Premium Payment Options
  • High Sum Assured Rebate (HSAR)

Bajaj Allianz iSecure Plan (Eligibility Criteria)

Bajaj Allianz iSecure Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 2.5 L
  • Maximum Maturity Age - 85 Yrs
  • Premium Payment Term - 10 to 25 Yrs

Bajaj Allianz e-touch is a pure term insurance plan safeguarding you and your loved ones from unforeseen circumstances. The plan is equipped to manage...

Unique Features

  • High SI Available
  • Accidental Death Benefit
  • Health Management Services

Bajaj Allianz Life e-Touch Plan (Pros)

Bajaj Allianz Life e-Touch Plan
  • Shield
  • Shied Plus
  • Shield Supreme

Bajaj Allianz Life e-Touch Plan (Cons)

Bajaj Allianz Life e-Touch Plan
  • No Loans Allowed
  • No Surrender Benefit
  • No Maturity Benefit

Bajaj Allianz Life e-Touch Plan (Other Benefits)

Bajaj Allianz Life e-Touch Plan
  • Max Sum Assured 2 Cr
  • Sheild Super
  • High Sum Assured Rebate (HSAR)

Bajaj Allianz Life e-Touch Plan (Eligibility Criteria)

Bajaj Allianz Life e-Touch Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - 50 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - 10 to 40 Yrs

Bajaj Allianz Life Saral Jeevan Bima : FAQs

1. What is the grace period for this plan?

The policy offers a grace period of 15 days.

2. Does Bajaj Allianz Saral Jeevan Bima offer any Rider Benefit?

No, Bajaj Allianz Saral Jeevan Bima does not offer any rider benefit.

3. What is the maximum sum assured offered by the plan?

The plan offers a maximum sum assured of 25 Lakh.

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Bindiya Sinha

Written By: Bindiya Sinha

Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.