Plan No. 859
Table No. 859 : Saral Jeevan Bima
Product Info & Benefits:
- This is non-linked, non-participating, pure risk term insurance plan.
- This plan is designed to provide pure risk coverage to the life insured with lower income group
- One can choose a premium payment TERM:
- Regular Payment: Term of 5 years to 40-year tenure
- Limited Payment: 5 Years and 10 Years
- Single Premium: in Lumpsum
- This plan covers any person without restrictions. There is no need to provide educational checks, occupation proofs etc.
- Premiums paid in this term plan would qualify for income tax benefits u/s 80C up to Rs 1.5 Lakhs per financial year.
- This plan is best for those who wish to buy up to Rs.25 lakh coverage.
- No maturity or survival benefits.
- No loan available
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Norms |
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Minimum Age at Entry |
18 Years (Last Birthday) |
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Maximum Age at Entry |
65 Years (Last Birthday) |
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Maximum Age at Maturity |
70 Years (Last Birthday) |
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Minimum Basic Sum Assured |
Rs. 5,00,000/- |
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Maximum Basic Sum Assured |
Rs. 25,00,000/- (The Basic Sum Assured shall be in multiples of Rs. 50,000/-) |
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Policy Term |
5 to 40 Years |
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Premium Paying Term: |
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Regular Premium |
Same as Policy Term |
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Limited Premium |
5 Years and 10 Years |
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Single Premium |
Lumpsum |
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Riders |
No Riders |
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Maturity Benefits |
No Maturity Benefits |