Why Saral Jeevan Bima Yojna is Considered as the Best Protection Plan in India?

Why Saral Jeevan Bima Yojna is Known as Best Protection Plan?

Saral Jeevan Bima Yojna is a non-linked, non-participating, pure risk premium life insurance plan that provides full coverage at a relatively low cost, enabling you to protect your loved ones from the risks of life. This term life insurance policy covers you till the age of 70 & comes with various premium payment options.

You can choose a sum assured as low as Rs. 5 lakhs to financially safeguard your family under this protection plan. Your beneficiary will get a death benefit in the case of your untimely demise within the policy term, which will help them deal with various life obligations. If you've never purchased a term plan beforehand owing to some constraints, now is the time to grab an opportunity with this simple term plan.

Why Saral Jeevan Bima Yojna is a Best Buy Protection Plan over other Term Insurance Plans?

Saral Jeevan Bima Policy is a universal product for all people, regardless of their educational or occupational background. It was created to assist individuals in making a well-informed life insurance decision. Many people, however, are unable to obtain life insurance with the specified sum insured due to difficulties such as plan complexity, age, medical examination requirements, restrictions on occupation, financial instability, & so on. To help people deal with the complexity of life, the government has created the saral jeevan bima yojna premium plan. It offers the following benefits-

  • Low premium price.
  • Simple to understand features.
  • No pre-medical examination is required.
  • There are no constraints on occupation, age, gender, residence, travel, or qualification before purchasing the plan.
  • To make the process of purchasing insurance for individuals, particularly first-time buyers, as simple as possible.
  • Ensure your loved ones' financial security.
  • Maintain your family's living standard even if you are not here.
  • Protect your loved ones at a reasonable price.
  • Ensure extra protection by adding riders.

Benefits of Saral Jeevan Bima Yojna

  • Financial Security for Your Family :
    The death benefit will be paid to the policy nominee in the event of the policyholder’s demise while the plan is active.

  • Flexible Policy Term Options :
    Choosing a policy term between 5 and 40 years based on the premium payment period is convenient.

  • Get Life Insurance with the least Restrictions :
    Irrespective of your educational or occupational qualifications, you can obtain this simple protection plan.

  • Tax Benefits :
    The premium you pay to keep this plan active is tax-deductible under current tax laws.

How Saral Bima Yojna Works?

The Saral Jeevan Bima protection plan is one of the best buy protection plans, which is available to anyone and will be priced according to the risk it covers. The saral bima yojna will provide you with a minimum sum assured of Rs 5 lakh & a maximum sum assured of Rs 25 lakh.

You'll also have the option of paying for the plan in monthly instalments rather than paying the complete premium upfront.

Saral jeevan bima yojna policy offers three premium payment options: regular premium, single premium, and limited premium payment term for five years & ten years.

You can acquire IRDAI approved permanent disability and accidental benefit riders in addition to the saral jeevan bima yojna protection plan, which are additional perks that you can buy independently in addition to the basic benefits listed in this policy document. The rider premium is paid in addition to the base policy premium for the additional coverage/benefit selected.

A Simple Plan with a Wide Range of Benefits

The saral jeevan bima yojna is a simple term insurance policy designed to introduce life insurance to those who have previously avoided it for some reasons. It provides your family with financial protection in the case of your untimely demise, as well as peace of mind in these unpredictable times. So, plan wisely and go ahead with the best suitable option for your loved ones.


*Tax benefits are as per the Income Tax Act, 1961, and are subject to any amendments made thereto from time to time
The article is meant to be general and informative in nature and should not be construed as solicitation material. Please read the related product brochures for exclusions, terms and conditions, warranties, etc. carefully before concluding a sale.
Make responsible financial decisions. Consult with your financial advisor before making any decisions on insurance purchase.