Aegon Life is now Bandhan Life. To know more about the exciting new changes, Click Here
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Aegon Life is now Bandhan Life. To know more about the exciting new changes, Click Here
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UIN: 138N077V01. ADVT No. II/Mar 2024/6941

Key Features of Saral Jeevan Bima

Life Cover

An assured insurance payout for your nominees in case of your untimely death.

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Additional Benefits

Option to add Accidental Death Rider` for additional security.

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Flexible Plans

Monthly, half-yearly and yearly premium payment options with flexibility to select policy term.

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Tax Benefits%

Avail tax benefits up to ₹46,800 as under Section 80(C) and Section 10(10D), as per prevailing tax laws.

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Life Cover

An assured insurance payout for your nominees in case of your untimely death.

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Additional Benefits

Option to add Accidental Death Rider` for additional security.

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Flexible Plans

Monthly, half-yearly and yearly premium payment options with flexibility to select policy term.

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Tax Benefits%

Avail tax benefits up to ₹46,800 as under Section 80(C) and Section 10(10D), as per prevailing tax laws.

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Why Saral Jeevan Bima?
Payment Options
01
Single Payment

One time payment to secure the entire tenure.

02
Regular Pay

Make regular monthly, half-yearly or yearly premium payments.

03
Limited Pay

Pay premiums only for the first 5 or 10 years.

45 Days Waiting Period
What’s this?
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Accidental Death
The nominee receives death benefit amount if the policyholder’s untimely death is caused due to an accident.
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Non-Accidental Death
The nominee gets back 100% of all premiums paid if the policyholder's death is non-accidental in nature.
Death Benefit Amount Payable
Saral Jeevan Bima Regular Premium / Limited Premium Policy

Death benefit amount will be the higher of:

  • 10 times annualized premium amount
  • or
  • 105% of the Total Premiums Paid as on date of death
  • or
  • Absolute sum assured to be paid on death
  • Saral Jeevan Bima Single Premium Policy

    Death benefit amount will be the higher of:

  • 125% of the Single Premium
  • or
  • Absolute sum assured to be paid on death
  • Learn more about this plan
    How It Works
    1. 1
      Check Your Premium
    2. 2
      Update Your Details
    3. 3
      Make Payment
    Bandhan Life’s Promise
    No Unwanted Call Icon
    No unwanted sales calls
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    Buy, manage, claim. Everything online!
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    Quick and hassle-free claim settlement
    Disclaimer Icon
    Disclaimers

    Bandhan Life Saral Jeevan Bima (UIN: 138N077V01), is a non-linked non-participating individual pure risk premium life insurance plan.

    For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. Life insurance cover is available under this product.

    [%] Tax Benefits: Tax benefits are available for the premiums paid towards this plan under Section 80C of the Income Tax Act, 1961. Additionally, proceeds from this plan may qualify for tax benefits under Section 10(10D). These benefits are calculated based on the current tax laws and are subject to change as per amendments to the tax laws. The illustrative figure of ₹46,800 is estimated for a 30-year-old, salaried male with an annual income of ₹30 lakhs, under the old tax regime. Tax benefits are contingent upon all premiums being paid on time and the policy remaining in force until maturity. We advise consulting a tax expert to fully understand the implications of these benefits on your personal tax obligations. The Company is not responsible for any tax advice provided herein.

    [@] The premium for an 18 year-old healthy female for a life cover of ₹ 5 lacs for a policy term of 20 years, is ₹ 163 p.m. assuming that all premiums (excluding applicable taxes, cesses and levies and rider premiums, if any) have been paid as and when due. The annualized premium for above parameters will be Rs. 1,874 p.a.

    [***] All ages above are applicable as on last birthday.

    [^] Claim Settlement Ratio: Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2023-24 is 99.66% as per annual audited figures.

    [`] Rider Benefits: Bandhan Life Saral Jeevan Bima offers add-on optional coverages through the choice of the below mentioned rider provided their Premium Payment Term and Policy Term are consistent with that of the base plan:

    1) Bandhan Life AD Rider (UIN: 138B006V05 and all succeeding versions) – Provides a Lump-sum benefit equal to the rider Sum Assured in case of death due to accident of the Life Assured.

    ADVT No. II/Mar 2024/6941