Bajaj Allianz Saral Jeevan Bima
- Death Benefit
- Tax Benefit
- 25 Lakh Max Sum Assured
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:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 70 years
Minimum term - 5 years Maximum term - 40 years
Base sum assured: Rs 5 lakhs to 25 lakhs
The policy loan is not available under Bajaj Allianz Saral Jeevan Bima
Annual, half-yearly, quarterly & monthly
Let's understand how the Bajaj Saral Jeevan Bima Policy works with a simple premium illustration.
Mr. Verma is looking for a simple and affordable term plan that provides financial safety to his family in case of his unfortunate demise.
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.
Here are the benefits associated with the Bajaj Allianz Saral Jeevan Bima
Here is the list of exclusions associated with the plan:
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.
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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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