Key Features of Saral Jeevan Bima
Simple & Affordable
Flexible Premium Payment Options
Death benefit amount will be the higher of:
Death benefit amount will be the higher of:
- 1Check Your Premium
- 2Update Your Details
- 3Make Payment
18 to 65 years
70 years
₹5 to 25 lakhs
5 to 40 years
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:
ADVT No. II/Mar 2024/6941