Some people are searching for Saral Jeevan Bima Yojana LIC Calculator, then we will provide you Saral Jeevan Bima Calculator , before that in this article we want to tell you that Sa ral Jeevan Bima Yojana in hindi
Hello friends welcome to the daily information website. Here you are given all the information related to government schemes and insurance in Hindi. Saral Jeevan Bima Yojana LIC is a good initiative by the government.
Saral Jeevan Bima Yojana
Saral Jeevan Bima Yojana has been started from January 1, there is no condition of annual income of a person in this scheme, anyone can take this plan, no matter how educated you are or how much your income is. Everyone can take this policy.
IRDA had issued a circular to all life insurance companies on 14 October 2020 and asked all life insurance companies to bring a single term insurance market in the name of Saral Jeevan Bima Policy , which would be the policy of
standard term insurance. Term and condition of all companies will be same. Only different companies will have different premiums. Which is the main reason behind bringing Saral Life Insurance Plan in the market.
The demand for term insurance has been increasing continuously for the last few years. Insurance companies keep different term condition plans which are not understood by the common man or sometimes they remove any drawback such as the annual income of a person is less.
On this basis, in such a situation, if someone has lack of time or lack of understanding, then he does not understand which policy is better for him, then to bring such people in this plan, the government has made 1 standard term insurance plan. Said for the same name is Saral Life Insurance Scheme
Eligibility of Saral Jeevan Bima Yojana
The age of entry in Saral Jeevan Bima Yojana should be at least 18 years. The maximum age can be up to 65 years.
Meaning people whose age ranges from 18 years to 65 years can take the scheme. The insurance policy term can be of 5 years or up to a maximum of 40 years.
Eligibility of Saral Jeevan Bima Yojana
The age of entry in Saral Jeevan Bima Yojana should be at least 18 years. The maximum age can be up to 65 years.
Meaning people whose age ranges from 18 years to 65 years can take the scheme. The insurance policy term can be of 5 years or up to a maximum of 40 years.Meaning you can take the term of the policy from 5 years to 40 years according to your need. But keep in mind that the maximum maturity age is 70 years. Meaning your age can be up to 70 years.
After that claim will not be received.
Suppose, someone’s age is 45 years, then he can get Saral Jeevan Bima Yojana for a maximum period of 25 years so that the coverage of the policy ends on completion of 17 years. Under
this plan , there is a minimum sum insured of 500000 and a maximum sum insured of up to 25 lakhs. However, the government has given exemption to the companies that if they feel then they can increase 2500000 as per their wish.
Required Documents for Saral Jeevan Bima Yojana
Aadhar card
residence proof
age proof
mobile number, email id
mobile number, email id passport, size photo and address proof have to be shown
Premium Payment Options
Friends, now let’s talk about what are the premium options for taking Saral Life Insurance Plan . There are four premium payment options in this policy.
First Regular Premium! Under this, you have to pay premium every year for the number of years you want to take the policy.
Second Option Limited Premium Payment for 5 Years – Within this you have to pay for 5 years. Then you would not have to pay a premium and plan moves the
third option is limited payments Trm and 10 years old – under which you have to pay the full premium for the first 10 years
Fourth Single Premium – complete you once covered Payment has to be made. Whichever plan you like, you can take that plan and pay the premium in the same way.
Premium Payment Mode
Now let’s talk about the premium payment mode of simple life insurance scheme , friends, there are three options to pay this premium. If you want, once a year, if you want, twice a year and if you want, you have to bear the premium every month, if you say in simple language.
Annual Mode
Half- Yearly Mode
Monthly Payment Mode
Grace Period in Saral Jeevan Bima Yojana
The grace period means and the additional time to pay the policy premium remains in the life insurance policy during this period as well. It is 30 days in yearly or half yearly premium payment mode and 15 days grace period in monthly.
Always keep in mind that if you do not pay the premium even during the grace period, the Saral Jeevan Bima plan will lapse and its coverage will stop. The same happens in the Lic Jeevan Anand plan , if the policy lapses, then he can get it restarted anytime before the completion of the policy year, for this he will have to pay with interest.
Maturiuty Benefit of Saral Jivan Bima Yojana
So guys as you know. It is a complete term insurance policy. There is no maturity benefit in this. Means for the number of years Saral Life Insurance Plan has been taken for the policy giver, if the accident happens to him and he does not live with his family, then the sum assured gets paid to the nominee and if the policy year is completed. Till the time the policy taker survives, they do not get anything.
Exclusion
Now let’s talk Exclusion that simple life insurance plan is only one Exclusion policy called suicide Saral Jeevan Bima Yojana policy-making that will not claim the nominee if policy-making takes suicide within 1 year. Only premium will be refunded.
The same happens in LIC Jeevan Lakshay Plan 933 also if it is a single premium policy then 90 percent will be returned and for the second turn, another 30% will be returned.
Suicide is covered after the completion of 1 year of the policy. Meaning there is no exclusion after the completion of 1 year of the policy.
Waiting Period in Saral Jeevan Bima Yojana
The most important thing under Saral Jeevan Bima Yojana policy is the waiting period. There is a waiting period of 45 days under this policy, according to which if there is an accidental death within 45 days of the commencement of the policy, but someone else within 45 days. If the cause dies, then the claim is not received.
Saral Jeevan Bima Yojana also comes by writing in the policy. After 45 days, all other types of death are covered except suicide.
Surrender Policy Rules of Saral Jeevan Bima Yojana
Surrender facility is not available under Saral Jeevan Bima Yojana policy. If someone has taken a plan of 10 years or has taken a plan for single payment premium, then he can cancel the policy and withdraw the payment.
Meaning, after getting covered in this policy, the amount of premium you have paid and how many years of coverage you have left. You will get back 70% of that.
Loan Facility
Loan facility is not available under Saral Jeevan Bima Yojana policy.
Rider Facility
Accidental Death Rider Disability Benefit Rider is available under this policy.
Premium
Under Saral Jeevan Bima Yojana policy, all insurance companies can charge premium according to their own. Meaning the premium of all the insurance companies will be different.
Purpose of Saral Jeevan Bima Yojana
The aim of the government is that all citizens, whether they are rich or poor, can benefit from the benefits of Saral Jeevan Bima Yojana. The government wants this insurance scheme to reach everyone. Because some people are deprived of the benefits of life insurance scheme because of poverty. Keeping this in mind, Saral Jeevan Bima Yojana has been made accessible to the people so that people of all sections can take advantage of it.
The main objective of the government is that the term and conditions of all companies were different. Many times, less educated people could not understand them nor could they read fully, due to which later at the time of claim, the company used to reject the claim by making any excuse.
The government has made the Saral Jeevan Bima Yojana policy such that even if you buy from any company, the drum and condition of all will remain the same. In this, if the insured dies, then his family gets the amount that was insured and the family does not face any problems.
special class
The main objective of Saral Jeevan Bima policy is to provide policy to the low income group persons as most of the people income ranges from 3 to 5 lakhs. But being self-employed, he did not have any proof of income. Most insurance companies ask for proof of income to offer term plans.
With the introduction of Saral Jeevan Bima Yojana policy, this problem of theirs will be removed and they will be able to easily pay their premium and take this policy. In this way, the introduction of this policy will prove to be very beneficial for people with low income, rural background.
Saral Jeevan Bima Yojana policy mainly targets poor people.
As I mentioned, most of the companies do not offer term plans to low income people. The main objective of this policy is Term plans have to be made available to those people only.
The government feels that by bringing this policy, 70 percent of the work will become the policy holder. Whereas earlier it used to be up to 30 percent.
Benefits and Features of Saral Life Insurance Plan
The terms and conditions of all companies have been respected in the Saral Jeevan Bima Yojana policy.
All insurance companies can charge different premiums under Saral Jeevan Bima Yojana.
The coverage under this policy is from 5 lakh to 25 lakh, but if the insurer wants, it can also increase.
To take this policy, the minimum age should be 18 years and maximum age can be 65 years.
Remember that the maturity benefit is not available if you are above 70 years of age.
Saral Jeevan Bima Yojana has a waiting period of 45 days. In this waiting period, only accidental death coverage is available.
Suicide coverage is not available within 1 year. There is no exclusion in this policy after the completion of 1 year.
In case of death of the insured, only his nominee gets the amount.
Saral Jeevan Insurance Policy Premium Calculator
If you are searching for Saral Jeevan Bima Yojana LIC Calculator, then let us tell you that the premium of all companies is different, yet we are providing you Saral Jeevan Bima Yojana LIC Calculator to you, click on the link given below, you will reach the calculator. will go
Saral Jeevan Bima Yojana LIC Calculator
How to apply for Saral Jeevan Bima Yojana?
To buy a simple life insurance policy, first you have to select the company. When you select the company, then you have to go to the official website of that company.
When the website is opened, the home page will open in front of you. A link to Saral Jeevan Bima Yojana blinks on the home page. You have to click on that link. Now the terms of the policy will come in front of you. They have to be read and processed thoroughly.
Now you have to fill your name, address, date of birth and whatever information is asked. After that you have to upload the photo. And after all this process has to be submitted.
After that you are asked premium mode and asked to pay premium. You can also pay the premium through your debit card or credit card.
