Saral Jeevan Bima: You all know that life insurance offered by insurance companies has many conditions. Due to which people do not buy life insurance. Keeping this in mind, the Insurance Regulatory and Development Authority of India has started Saral Jeevan Bima Yojana. Today we are going to provide you all the important information related to this scheme through this article. Like what is Saral Jeevan Bima 2021? its purpose, features, benefits, eligibility, application process, etc.
So, if you want to get all the important information related to this scheme, then you are requested to read our article till the end.
Saral Jeevan Bima Yojana 2021
The amount of cover under Saral Jeevan Bima Yojana 2021 will range from ₹ 500000 to ₹ 2500000. There will be different types of premiums under Saral Jeevan Bima Yojana. The beneficiary can buy life insurance according to his financial condition. The minimum age for taking a life insurance plan is 18 years and the maximum age is 65 years. The maximum maturity age allowed under this scheme is 70 years.
There will be three premium payment options under Saral Jeevan Bima Yojana 2021 which will be regular premium, limited premium payment term for 5 years and 10 years, and single premium. There will also be a waiting period of 45 days from the commencement of the policy. In these 45 days, the policy will cover death due to accidents only. The term of this policy will be 4 to 40 years.
Saral Jeevan Bima Yojana launched
Saral Jeevan Bima Yojana has been launched by all the insurance companies. Under this scheme, guidelines have been issued by the Insurance Regulatory and Development Authority of India. This is a very simple life insurance policy. The guidelines of which will be very easy for the common man to understand. Through this scheme, the trust between the insurance company and the customer will increase. Saral Life Insurance Insurance Plan has been implemented by all the insurance companies from 1 January 2021.
Term of Saral Jeevan Insurance Policy
Citizens of 18 to 65 years can take advantage of Saral Jeevan Bima Yojana and the term of this policy can be from 4 years to 40 years. Under this policy, the sum insured from 5 lakh to 25 lakh will be available. There will be no maturity benefit under Saral Jeevan Bima Yojana and there will be a waiting period of 45 days under this policy. If the policyholder dies within 45 days of purchase of the policy, the payment will not be made except in case of accidental death.
LIC Jeevan Saral Plan Rules
There is a very hectic life in today’s time. Due to which people do not have much time to read the terms and conditions of the policy. In this situation, people get involved in the talk of insurance agents. The lengthy terms and conditions have been simplified under this scheme and not many terms and conditions have been kept. Suicide is not covered under this policy. Apart from this, no provision has been made for any gender, place of residence, travel, occupation, or educational qualification for purchasing this life insurance.
Purpose of Saral Jeevan Bima Yojana
The main objective of this scheme is to make the insurance scheme accessible to all citizens. The terms and conditions under this scheme have been kept very simple. So that more and more people can buy insurance plans and take advantage of them. Through this scheme, after the death of the applicant, the amount of cover is provided to the nominee, so that they do not have to face financial trouble.
Benefits and Features of Saral Jeevan Bima Yojana 2021
- Under this scheme life cover is provided to the beneficiary.
- After the death of the beneficiary, the amount of life cover is given to the nominee.
- The amount of cover under this scheme ranges from ₹ 500000 to ₹ 2500000.
- Under Saral Jeevan Bima Yojana, the insurance company has been allowed to decide the amount of premium according to it.
- Under this scheme, the beneficiary can buy life insurance according to his financial condition.
- Minimum age should be 18 years and maximum age should be 65 years to buy this plan.
- The maturity age will be allowed under this scheme up to a maximum of 70 years.
- A waiting period of 45 days has been fixed under Saral Jeevan Bima Yojana.
- During these 45 days waiting period, the policy will cover death due to accident only.
- The policy term under this plan has been kept from 4 to 40 years.
- This announcement has been launched by the Insurance Regulatory and Development Authority of India.
- This scheme will be launched by all insurance companies from January 1, 2021.
- Simple terms and conditions have been kept under this scheme.
- Suicide is not covered under Saral Jeevan Bima Yojana.
- There is no provision for any gender, place of residence, travel, occupation or educational qualification for purchasing this life insurance plan.
Eligibility and Required Documents of Saral Jeevan Bima Yojana
- To apply under this scheme, the applicant must be a permanent resident of India.
- To take Saral Jeevan Bima Yojana, the minimum age should be 18 years and the maximum age should be 65 years.
- Aadhar card
- Address proof
- Passport size photograph
- Mobile number
Process to apply online under Saral Jeevan Bima Yojana
- First of all you have to go to the official website of that insurance company.
- Now the home page will open in front of you.
- On the home page, you have to click on the link of Insurance Scheme.
- After this you have to click on the link of Saral Jeevan Bima Yojana.
- Now you have to click on the Apply Now button.
- Now the application form will open in front of you.
- You have to fill the information asked in the application form carefully.
- Now you have to upload all the important documents.
- After that you have to click on submit button.
- In this way you will be able to apply under this scheme.
Process to apply offline under Saral Jeevan Bima Yojana 2021
- First of all you have to go to the office of the insurance company from where you want to buy Saral Bima plan.
- Now you have to take the application form of Saral Bima Yojana.
- You have to fill this application form carefully.
- After this you have to attach all the important documents.
- Now you have to submit this application form to the insurance company’s office.
- In this way you will be able to apply under this scheme.
Important Links
| Buy Online Saral Jeevan Bima LIC | Click here |
| Download Saral Jeevan Bima Form | Click here |
| H2O Missions | www.h2omissions.org |
Also read India News | Swarnim Vijay Varsh Celebrations at Indira Point in 2021
Also read Kisan Vikas Patra Scheme 2021: Kisan Vikas Patra, Interest Rate, Tax Benefits
