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Saral Jeevan Bima Yojana 2022 : Online Registration (Saral Jeevan Bima) Eligibility and Benefits

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Saral Jeevan Bima Yojana Apply | Saral Jeevan Bima Yojana Online Registration | Saral Jeevan Bima Yojana Eligibility and Benefits | Saral Jeevan Bima In Hindi

As you all know 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 2022 ?, its purpose, features, benefits, eligibility, application process etc. So friends, 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 2022

The amount of cover under Saral Jeevan Bima Yojana 2022 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 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 2022 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 accident only. The term of this policy will be 4 to 40 years.

Saral Life Insurance Plan

Saral Jeevan Bima Yojana will start from 1st April 2021

As you all know Saral Jeevan Bima Yojana has been launched by Insurance Regulatory and Development Authority of India. Under this scheme, life insurance will be provided to the beneficiaries with simple terms and conditions. The beneficiary has to pay the premium within monthly, quarterly, 6 months, 1 year to avail this scheme. The minimum premium amount is ₹1000. Surrender can also be done by the beneficiary within 6 months of purchasing the policy of Saral Jeevan Bima Yojana. A special feature of this scheme is that 100% return will be provided on the purchase price under this scheme. This reward will be given to the beneficiary of this scheme.

If the beneficiary of the scheme is not alive then his/her spouse will be given this amount. 100% of the purchase price will be returned to the beneficiary’s heirs after the death of the beneficiary and the beneficiary’s spouse. Saral Jeevan Bima Yojana is going to start from 1st April 2021. If you also want to apply under this scheme, then you can contact the insurance company after 1st April 2021.

Key Highlights Of Saral Jeevan Bima Yojana 2022

scheme nameSaral Life Insurance Plan
who launchedInsurance Regulatory and Development Authority of India
beneficiaryCitizens of India
ObjectiveProviding simple insurance cover.
Year2022

Simple Life Insurance Plan January Update

With the advent of the new year, Saral Jeevan Bima Yojana term plan has also started. Under which term plan can be purchased. This plan can also be purchased at a low premium. So that even people of low income will now be able to get their life insurance. Under Saral Jeevan Bima Yojana, the terms and conditions of all the insurance companies will be same and the sum assured amount and premium amount will also be same. The policy term under Saral Jeevan Bima Yojana will be from 4 to 40 years. Under which cover from 5 to 25 will be provided. Citizens from 18 years to 65 years can take advantage of this scheme.

  • The guidelines of Saral Jeevan Bima Yojana have been made by the Insurance Regulatory and Development Authority of India. If the policy holder dies within 45 days of purchase of this policy, the payment will not be made except in case of accidental death. After the death of the policyholder, his/her nominee will be paid the claim amount. But the person who makes himself happy will not get the claim money.
  • There is no provision for any maturity benefit and surrender value under this plan. A special feature of Saral Jeevan Bima Yojana is that under this scheme the beneficiary will be able to buy life cover according to his income. No gender, place of residence, travel, occupation and educational qualification are required to avail this scheme.

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. Whose guidelines will be very easy to understand for the common man. 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 January 1, 2021. Saral Jeevan Bima Yojana can be bought by people in the age group of 16 to 65 years. The maturity age of this policy is 70 years. The minimum tenure of this scheme will be 5 years and the maximum period will be 40 years.

  • Application can also be made through digital platform under Saral Jeevan Bima Yojana . So that there is transparency in the system. If you buy Saral Life Insurance Insurance online, you will also be provided with a 20% discount.
  • Life insurance is provided by most of the life insurance companies by looking at the annual income of the beneficiary but a special feature of simple life insurance insurance is that the customers are allowed to buy the insurance policy without taking into account the annual income of the beneficiaries. Before buying Saral Life Insurance Insurance from any company, the customer should check the solvency ratio and claim settlement ratio of that company.

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. No maturity benefit will be available under Saral Jeevan Bima Yojana and there will be a waiting period of 45 days under this policy. If the policy holder dies within 45 days of purchase of the policy, the payment will not be made except in case of accidental death. Under Saral Jeevan Bima Yojana , no claim will be received in case of suicide. Any citizen living in India can buy this policy, there is no provision of any gender, residence, educational qualification, religion etc. to buy it.

Saral Life Insurance Plan Launch

The Insurance Regulatory and Development Authority of India has asked to launch a life insurance plan. Under this scheme, insurance companies have been allowed to decide the amount of premium at their own level. Saral Jeevan Bima Yojana 2022 has been started keeping in view the low interest of policyholders towards life insurance schemes. Under this scheme, the objective has been set to cover as many people as possible under the insurance policy. Life cover will be provided to the beneficiary under this scheme . If the beneficiary dies, the amount will be given to the nominee.

LIC Jeevan Saral Plan Rules

In today’s time life is very hectic. 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 agent. The lengthy terms and conditions have been simplified and not many terms and conditions have been kept under this scheme. 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 Life Insurance Plan

The main objective of this scheme is to reach the insurance scheme to all the citizens. The terms and conditions under this scheme have been kept very simple. So that more and more people can buy insurance plan and take advantage of it. 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 under LIC Jeevan Saral Plan

Death Benefit: If the policy holder dies during the policy term, then to the nominee,

  • Sum Assured (i.e. 250 times of monthly premium) +
  • Payment of paid premiums over and above the first year premium and rider/additional premium paid
  • Loyalty Edison (if any)

 Maturity Benefit: On maturity of the policy, to the policyholder,

  • Maturity Sum Assured (depends on the entry age of the policyholder and the term of the policy) +
  • Loyalty Addisons (if any)

 Income Tax Benefit: Every year from your taxable salary, Rs. Premium paid up to ₹ 1,50,000 is exempted under section 80C of Income Tax. Death benefit and maturity benefit are also exempt from tax under section 10(10D) of income tax.

Benefits and Features of Saral Jeevan Bima Yojana 2022

  • 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 the 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 the waiting period of 45 days, 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 2022

  • 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.

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