Saral Jeevan Bima Policy: If you are going to buy life insurance in the new year, then this news is for you. From the new year, all insurance companies are offering Saral Jeevan Bima. Its most important thing is that you can buy a term plan even at a low premium.
new Delhi. Buying a term plan has become very easy since January 2021. From the new year, all insurance companies are offering Saral Jeevan Bima. Its most important thing is that you can buy a term plan even at a low premium. The biggest benefit of this will be to low-income people. This will be a standard term insurance. This will help customers to take decisions based on the information already provided by the companies. So let’s know everything about it …
The terms and conditions of all insurance companies will be the same, in which the sum assured and the premium will also be the same. The advantage of this will be that the possibility of dispute will be very less during the time of claim. While choosing the customer plan, compare the prices of this plan and the claim settlement ratio of different insurance companies.
What is simple life insurance?
Saral life insurance will be a full term life insurance product. Which people between 18 and 65 years will be able to buy. According to the guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI), the duration of these policies will be from 4 years to 40 years. According to the guidelines, you can buy a policy ranging from 5 lakh to 25 lakh in simple life insurance.
The policy will also get full cover on the 45 days old policy.
If the policyholder dies within 45 days after the issue of the policy, payment will not be made in any other situation except death in accident. Under Saral Life Insurance, customers will not get any maturity benefit and surrender value also.
No claim will be
received in case of suicide, after the policy holder dies during the policy term, his nominee will get a claim equal to the sum assured. No claim will be received under this policy in case of suicide.
You can make payment in three ways: You can make payment in three ways. Single premium is an option to pay limited premium payment or regular life long monthly premium for a period of 5 10. Any person will be able to buy this policy and there will be no obligation or limitation related to gender, place of residence, educational qualification and occupation etc.
