Bandhan Life Saral Jeevan Bima
- Flexible premium payment term
- Affordable premiums
- Tax benefits
I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.
Apeksha Parsai has trained young minds about the benefits of health & term insurance throughout her 8+ years career. She designs, develops, and delivers impactful training programs for agents/brokers, and internal teams. Her expertise lies in insurance product knowledge, sales strategies, regulatory compliance, and customer service.
Updated on Apr 08, 2025 4 min read
Bandhan Life Saral Jeevan Bima is a pure protection, simple, and easy to understand plan that offers a death benefit to your nominee in case of your demise. The plan comes with flexible premium paying terms and modes so that you can choose the best option for yourself.
You can purchase this plan at the age of 18 years up to 65 years. The minimum sum assured offered is 5 lakhs and the maximum is 25 lakhs.
Bandhan Life Saral Jeevan Bima 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: 5 lakhs to 25 lakhs
The policy loan is not available under Bandhan Life Saral Jeevan Bima
Annually, half-yearly, quarterly & monthly
Let's understand how the Bandhan Life Saral Jeevan Bima with a simple premium illustration.
Ms. Riya Kumari, a 30 year old Maharashtra based NREGA worker. She is looking for a term insurance plan for herself, that offers inbuilt critical illness cover.
She visited PolicyX.com to learn more about term plans. Policyx.com advisors carefully analyze her queries and suggest purchasing Bandhan Life Saral Jeevan Bima
Let us see a brief illustration of Riya Kumari's Bandhan Life Saral Jeevan term plan
| Age of policyholder | Annual premiums | Premium payment mode | Policy tenure | Premium payment term | Total premiums paid | Sum assured |
| 30 years | Rs 9,287 | Annually | 40 years | 40 years | Rs 3,71,480 | Rs 25 lakhs |
Key Takeaways: Riya Kumari will be covered until the age of 70 years and in case of unfortunate demise during the policy term. Her nominee will receive the sum assured equal to Rs. 25 lakh.
Here are the benefits associated with the Bandhan Life Saral Jeevan Bima
You can add the following riders to your Bandhan Life Saral Jeevan Bima Plan:
Provides a lump-sum benefit In case of unfortunate demise of the life insured during the policy term, This rider offers a lumpsum payout equal to the rider sum assured to the nominee.
Here is the list of exclusions associated with the plan:
Bandhan Life Saral Jeevan Bima is a simple easy to understand term insurance plan. It offers life coverage at affordable premiums along with tax benefits as per the law. 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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I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.
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