Saral Life Insurance Scheme 2021: Online Registration (Saral Jeevan Bima) Eligibility and Benefits

Saral Jeevan Bima Yojana Apply | Simple Life Insurance Plan Online Registration Simple Life Insurance Scheme Eligibility & Benefits Saral Jeevan Bima 

As you all know, life insurance offered by insurance companies has many conditions. Because of which people do not buy life insurance. Keeping this in mind, the Insurance Regulatory and Development Authority of India has introduced the Saral Life Insurance Scheme . Today we are going to provide you all the important information related to this scheme through this article. Like what is Saral Jeevan Bima 2021 ?, 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 this article till the end.

Saral Jeevan Bima Yojana 2021

The amount of cover under Saral Life Insurance Scheme 2021 will be from ₹ 500000 to ₹ 2500000. There will be different types of premiums under Saral Jeevan Bima Yojana. The beneficiary can purchase life insurance according to his financial condition. The minimum age for taking a life insurance plan is 18 years and the maximum age is 65 years. The maximum maturity age of 70 years will be allowed under this scheme. There will be three premium payment options under Saral Jeevan Bima Yojana 2021 which will be regular premium, limited premium payment period for 5 years and 10 years and single premium. There will also be a 45-day waiting period from the start 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.

Launch of Saral Life Insurance Scheme

Saral Life Insurance Scheme has been launched by all insurance companies. Guidelines have been issued under the scheme by the Insurance Regulatory and Development Authority of India. This is a very easy life insurance policy. The guidelines of which will be very easy for the common man to understand. Through this scheme, the trust between the insurance company and the customer will be increased. The simple life insurance plan has been implemented by all insurance companies from 1 January 2021. People between 16 and 65 years of age can buy the simple life insurance plan. The maturity age of this policy is 70 years. The minimum duration of this scheme will be 5 years and the maximum duration will be 40 years.

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

Key Highlights Of Saral Jeevan Bima Yojana 2021

Name of scheme

Simple life insurance plan

Who launched

Insurance Regulatory and Development Authority of India

Beneficiary

Citizens of India

Objective

Providing simple insurance cover.

Year

2021

Term of Saral Jeevan Bima Policy

Simple life insurance scheme can be availed by citizens between 18 and 65 years and the duration of this policy can be from 4 years to 40 years. Even between 5 lakh and 25 lakh will be insured under this policy. No maturity benefit will be available under Saral Life Insurance Scheme and there will be a 45-day waiting period under this policy. If the policyholder dies within 45 days of purchasing the policy, payment will not be made in any other situation other than accidental death. No claim will be available in case of suicide under Saral Life Insurance Scheme . This policy can be bought by any citizen living in India, there is no provision of gender, housing, educational qualification, religion etc. to buy it.

Launch simple life insurance plan

The Insurance Regulatory and Development Authority of India has asked for the launch of a life insurance plan. Under this scheme, insurance companies have been allowed to decide the amount of premium at their level. Saral Jeevan Bima Yojana 2021 has been launched in view of less interest from policy-makers towards life insurance plans. Under this scheme, the objective has been set to cover more and more people under the insurance policy. Life cover will be provided to the beneficiary under this scheme. If the beneficiary dies, the nominee will be provided with the amount of Kanwar.

LIC Jeevan simple plan rules

In today's time, there is a lot of fugitive life. Due to which people do not have much time to read the terms and conditions of the policy. In this situation, people come to the insurance agent. Long terms and conditions have been made easy under this scheme and not many terms and conditions have been laid. Suicide is not covered under this policy. Apart from this, there is no provision of any gender, place of residence, travel, occupation or educational qualification to buy this life insurance.

Purpose of simple life insurance plan

The main objective of this scheme is to make the insurance scheme accessible to all citizens. The terms and conditions have been kept very simple under this scheme. So that more and more people buy an insurance plan and can take advantage of it. Through this scheme, the nominee is provided a cover amount after the death of the applicant, so that they do not have to face financial trouble.

Benefits provided under LIC Jeevan Saral Scheme

Death Benefit: If the policyholder dies during the policy term, the nominee,
  • Sum Assured (i.e. 250 times of monthly premium) +
  • Payment of full premium in addition to first year premium and rider / extra premium paid
  • Loyalty Addison (if anything)
 Maturity Benefit: To the policyholder upon maturity of the policy,
  • Maturity Sum Assured (depends on entry age and policy term of the policyholder) +
  • Loyalty Additions (if anything)
Income Tax Benefit: Every year of life insurance from your taxed salary, Rs. Premium payments up to Rs 1,50,000 are exempted under Section 80C of Income Tax. Death Benefit and Maturity Benefit are also tax-free under Section 10 (10D) of Income Tax.

Benefits and features of Saral Jeevan Bima Yojana 2021

  • Life cover is provided to the beneficiary under this scheme.
  • Life cover amount is given to the nominee after the death of the beneficiary.
  • The amount of cover under this scheme ranges from ₹ 500000 to ₹ 2500000.
  • Under the Saral Life Insurance Scheme, the insurance company has been allowed to decide the amount of premium according to its own.
  • Under this scheme, the beneficiary can buy life insurance according to their financial condition.
  • The minimum age to purchase this plan should be 18 years and maximum age should be 65 years.
  • The maturity age will be allowed under this scheme up to a maximum of 70 years.
  • A 45-day waiting period has been prescribed under Saral Life Insurance Scheme.
  • In these 45-day waiting period, the policy will cover death due to accident only.
  • The policy period is 4 to 40 years under this scheme.
  • This announcement has been launched by the Insurance Regulatory and Development Authority of India.
  • The scheme will be launched by all insurance companies from 1 January 2021.
  • Simple terms and conditions have been laid under this scheme.
  • Suicide is not covered under Saral Life Insurance Scheme.
  • There is no provision of any gender, place of residence, travel, occupation or educational qualification to purchase this life insurance plan.

Eligibility and required documents of Saral Life Insurance Scheme

  • To apply under this scheme, the applicant must be a permanent resident of India.
  • To get a simple life insurance plan, the minimum age should be 18 years and maximum age should be 65 years.
  • Aadhaar Card
  • Residence certificate
  • Passport size photograph
  • Mobile number

Procedure for applying online under Saral Life Insurance Scheme

  • First 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 for the insurance plan.
  • After this you have to click on the link of Saral Life Insurance Scheme.
  • Now you have to click on 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 important documents.
  • After that you have to click on submit button.
  • Thus, you will be able to apply under this scheme.

Procedure for applying offline under Saral Jeevan Bima Yojana 2021

  • First you have to go to the office of the insurance company from where you want to buy a simple insurance plan.
  • Now you have to take the application form of Saral Insurance Scheme.
  • 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.
  • Thus, you will be able to apply under this scheme.

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