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Keeping things simple is not always wrong, but we often choose to make things more complicated for ourselves. To eliminate this, Aditya Birla Sun Life Insurance has launched a term plan named Saral Jeevan Bima. As the name suggests, a plan aims to offer financial support to your family with easy-to-understand features and affordable premiums.
It provides a high life cover and comes with an option, Accidental Death Benefit Rider, which allows you to enhance your base cover for additional protection. You can even choose a premium payment term that allows you to pay a premium once, for a limited period, or throughout the policy term.
Aditya Birla 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: 5 lakhs to 25 Lakhs
The policy loan is not available under Aditya Birla Life Saral Jeevan Bima
Monthly, Half-Yearly or Annually
Let's understand how the Aditya Birla Saral Jeevan Bima Plan works with a simple premium illustration.
Mr. Ashish is a 30 years old, non-smoker male earning 10 lacs or above annually, looking for insurance coverage of 1 crore till 60 years
He visited PolicyX.com to learn more about term plans. Policyx.com advisors carefully analyze his queries and suggest purchasingAditya Birla Saral Jeevan Bima Plan
Let us see a brief illustration of Aditya Birla Saral Jeevan Bima plan
Age | Policy Term | Cover up to | Sum assured | Premium amount (Monthly) |
30 years | 30 years | 60 years | 1 Crore | Rs. 698 |
Here are the benefits associated with the Aditya Birla Saral Jeevan Bima
In the event of the policyholder's unfortunate death during the policy term, the 100% death benefit payout shall be payable as a lump sum to the nominee.
When you feel that continuing the plan is unnecessary, you can surrender your policy and receive a cancellation value.
Accidental death benefit rider is an optional feature that can enhance your base cover. This rider covers you against accidental death in exchange for additional premiums.
The plan offers guaranteed high-life cover with a lump sum payout.
The plan covers accidental death in exchange for additional premiums.
Flexible premium payment terms allow you to pay a premium once, for a limited period, or throughout the policy term.
The plan offers comprehensive coverage at affordable premiums with easy-to-understand features.
Here is the list of exclusions associated with the plan:
Aditya Birla 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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The maximum sum assured in the Aditya Birla Saral Jeevan Bima plan is Rs. 25 Lakhs.
Aditya Birla Saral Jeevan Bima plan is a simple protection plan that offers high life cover at affordable premiums.
Under this plan, you’ll not get any maturity benefit after you outlive the policy tenure.
Yes, you can exit the Saral Jeevan Bima plan and get surrender value only under single or limited pay.
Aditya Birla Sun Life Insurance has an impressive claim settlement ratio (CSR) of 98.12% (CSR as per IRDAI report for the year 2022-23).
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February 5, 2023
Asia/Kolkata
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