Alok Krishan Agarwal (Wealth Manager)
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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
 

Norms

Minimum Age at Entry

18 Years (Last Birthday)

Maximum Age at Entry

65 Years (Last Birthday)

Maximum Age at Maturity

70 Years (Last Birthday)

Minimum Basic Sum Assured

Rs. 5,00,000/-

Maximum Basic Sum Assured

Rs. 25,00,000/-

(The Basic Sum Assured shall be in multiples of Rs. 50,000/-)

Policy Term

5 to 40 Years

Premium Paying Term:

 

Regular Premium

Same as Policy Term

Limited Premium

5 Years and 10 Years

Single Premium

Lumpsum

Riders

No Riders

Maturity Benefits

No Maturity Benefits

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