Saral Jeevan Bima Yojana: If you are going to buy life insurance in the new year, then this news is for you. Because, buying a term plan has become very easy in the new year.
Since last January 1, 2021, all insurance companies are offering simple life insurance policies. Its most important thing is that you can buy a term plan even at a low premium. The biggest benefit of this will be to low-income people.
Let me tell you, simple life insurance is a complete term life insurance product. Under this, people from 18 to 65 years of age can buy the plan. The duration of the policy will be from 4 years to 40 years. According to the guidelines, people can buy a policy ranging from 5 lakh to 25 lakh in simple life insurance.
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Highlights of simple life insurance started in the new year: The terms and conditions of all insurance companies will be the same, it will have an even-assured cover amount, even the premium will be the same. The advantage of this will be that the possibility of dispute will be greatly reduced at the time of claim.
Under Saral Jeevan Bima Yojana 2021 (Saral Jeevan Bima Yojana 2021) there will be three options for premium payment which will be regular premium, limited premium payment period for 5 years and 10 years and single premium. In Saral Life Insurance Scheme, a waiting period of 45 days will be given from the start of the policy. In these 45 days the policy will cover death due to accident only. No claim will be available in case of suicide under Saral Life Insurance Scheme.
Saral Jeevan Bima Yojana has been launched to increase the interest of people towards life insurance schemes. Under this scheme, the objective of connecting more and more people to insurance policy has been fixed. If the plan holder dies, the nominee will be given a cover amount.
What will be the benefit from simple life insurance plan
- Life cover will be given to the beneficiary under this scheme.
- After the death of the beneficiary, the amount of the cover will be given to the nominee.
- The amount of cover ranges from 5 lakhs to 25 lakhs.
- Beneficiary can buy life insurance according to their financial condition.
- The minimum age to purchase this plan should be 18 years, and the maximum age shouldbe 65 years.
Documents for taking a simple life insurance plan
- Aadhar Card
- residence certificate
- Passport size photograph
- mobile number
