As you all know life insurance offered by insurance companies has many conditions. Due to this people do not buy life insurance. Keeping this in mind, the Insurance Regulatory and Development Authority of India has Saral Jeevan Bima Yojana.
Today we are going to provide you with all the important information related to this scheme through this article. Like 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
Saral Jeevan Bima Yojana will start from 1st April 2021
As you all know Saral Jeevan Bima Yojana has been started by the 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 monthly, quarterly, 6 months, 1 year to avail of the benefits of 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 a 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. The 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 Name | Yojana |
| of India has launched the | Insurance Regulatory and Development Authority |
| beneficiary | citizen of India |
| aimed | to provide Saral Insurance cover. |
| Year | 2022 |
Saral Jeevan Bima Yojana January Update
With the call of the new year, the 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 the same and the sum assured amount and premium amount will also be the 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 of 18 years to 65 years can take advantage of this scheme.
- Saral Jeevan Bima Yojana The guidelines ofIf the policyholder 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 policy holder, 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 scheme. 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.
Launch of
Saral Life Insurance Scheme Saral Life Insurance Scheme has been launched by all the insurance companies. Under this scheme, Insurance Regulatory and Development Authority of India guidelines have been issued by theThis 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.
- Saral Jeevan Bima Yojana Application can also be made through digital platform underSo 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.
Saral Jeevan Bima Policy:
. Citizens of 18 to 65 years can take advantage of Saral Jeevan Bima Policy 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 policyholder dies within 45 days of purchase of the policy, the payment will not be made except in case of accidental death. 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 Jeevan Bima Yojana 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. The Saral Jeevan Bima Yojana 2022 has been started in view of 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. This plan, the life cover will be provided to the beneficiary. 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 this 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 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.
Objective 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 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 policyholder dies during the policy term, the nominee will get
- Sum Assured (ie 250 times the monthly premium) +
- 1st year premium plus rider / additional premiums paid Payment of paid premiums in addition to
- Loyalty Addition (if any)
Maturity Benefit: To the policyholder on the maturity of the policy,
- Maturity Sum Assured (depends on the entry age of the policyholder and the term of the policy) +
- Loyalty Addition (if any) )
Income Tax Benefit: Every year from your taxable salary Rs. 1,50,000 is exempted under section 80C of Income Tax on premium paid. 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 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 the Saral Jeevan Bima Yojana.
- During these 45 days waiting period, the policy will cover death due to accidents 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 the Saral Jeevan Bima Yojana, the minimum age should be 18 years and the maximum age should be 65 years.
- Aadhar Card
- Residence Certificate
- Passport Size Photograph
- Mobile Number
The process of applying 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 the submit button.
- In this way you will be able to apply under this scheme.
The process of applying 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 the Saral Bima Yojana.
- 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.