<section class="blog">
<div class="blog-content">
<p>There has been a shift in recent years in customer preference toward pure term life insurance products. Life insurers have launched novel <a href="/protection-plans" target="_blank" title="protection plans">protection plans</a> with various features, perks, riders, options, and so on in response to the expanding demand. This is why IRDAI has established a new standardized <a href="https://www.bhartiaxa.com/online-insurance-plans" target="_blank" title=" insurance plan"> insurance plan</a> , which all <a href="https://www.bhartiaxa.com/" target="_blank" title="insurance companies">insurance companies</a> must adhere to.</p>

<p>The <a alt="Saral Jeevan Bima Term Insurance Benefits and Eligibility" href="/term-insurance/saral-jeevan-bima" target="_blank" title="Saral Jeevan Bima term insurance"><b>Saral Jeevan Bima term insurance</b></a> is a non-linked, non-participating individual pure risk premium <a href="https://www.bhartiaxa.com/life-insurance-plans" target="_blank" title="life insurance plan">life insurance plan</a> that pays the sum insured to a nominee as a lump sum if the person insured dies within the policy period.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<h2 class="section-main-heading">Benefits of Saral Jeevan Bima Term Insurance</h2>

<h3 class="section-main-heading">Family Financial Security</h3>

<p>Ensure the financial security for your family in case of your untimely demise during the policy term.</p>

<h3 class="section-main-heading">Flexibility to choose Policy Term &amp; Premium Payment Term</h3>

<p>Choose from a policy term between 5 to 40 years with multiple PPT options.</p>

<h3 class="section-main-heading">Get life insurance with the least number of restrictions</h3>

<p>Regardless of your educational or occupational requirements, you can purchase this standard <a href="https://www.bhartiaxa.com/be-smart/term" target="_blank" title="Term plan">Term plan</a> with simple features.</p>

<h3 class="section-main-heading">Tax Benefits</h3>

<p>The Saral Jeevan Bima <a href="https://www.bhartiaxa.com/pay-premium-online" target="_blank" title="premium paid">premium paid</a> and benefits received is eligible for <a href="/term-insurance/term-insurance-tax-benefits" target="_blank" title="tax benefits">tax benefits</a>, as per the current tax legislation.</p>

<h2 class="section-main-heading">Waiting Period and Death Benefit</h2>

<p>The plan's waiting period will be 45 days from the date of commencement of risk. In case of revival of Policy, the Waiting Period shall not be applicable. This Policy will cover death due to accident only during the waiting period of 45 days from the date of commencement of risk. In case of death of the life assured other than due to accident during the waiting period, an amount equal to 100% of all premiums received excluding taxes, if any, shall be paid and the <a href="https://www.bhartiaxa.com/be-smart/savings/sum-assured-in-guaranteed-saving-plans" target="_blank" title="Sum Assured">Sum Assured</a> shall not be paid.</p>

<p>On death of the Life Assured after the expiry of Waiting Period but before the stipulated date of maturity and provided the Policy is in force, the <a href="https://www.bhartiaxa.com/riders-in-insurance/accidental-death-benefit-rider" target="_blank" title="Death Benefit">Death Benefit</a> equal to the sum assured shall be paid to the nominee.</p>

<p>For limited premium payment policies or regular premium payment policies, the death benefit paid to the plan's beneficiary will be the highest of :</p>

<ul>
	<li>10 times the annualized premium</li>
	<li>105 per cent of the total premium paid as of the date of death</li>
	<li>Absolute amount assured to be paid on death.</li>
</ul>
&nbsp;

<p>The death benefit paid to the policy beneficiary for a <a href="https://www.bhartiaxa.com/be-smart/term/4-benefits-of-opting-a-single-premium-term-plan" target="_blank" title="single premium">single premium</a> payment policy will be the higher of :</p>

<ul>
	<li>125 per cent of the single premium</li>
	<li>Absolute amount assured to be paid on death.</li>
</ul>

<h2 class="section-main-heading">Rider Benefit</h2>

<p>Accidental and disability benefit riders are available as add-ons to the insurance. Riders are extra benefits supplied by the insurer to increase the policy's coverage. By paying an additional premium on top of the policy's basic premium, the policyholder can add rider choices to the base plan. The assured amount payable, if any particular incident covered by the rider occurs and is chosen by the policyholder, is the rider sum assured. However, riders are not mandatory and available at an additional cost.</p>

<h2 class="section-main-heading">Key Features of Saral Jeevan Bima Term Insurance</h2>

<ul>
	<li><b>Flexibility to select a premium payment term </b><br />
	To receive enough <a href="/life-insurance" target="_blank" title="life insurance">life insurance</a>, pay the premiums according to your required flexibility. Check later section of the blog for various premium payment options.</li>
	<br />
	<li><b>Long-Term Protection :</b><br />
	The maximum maturity age for Saral Jeevan Bima is 70 years.</li>
	<br />
	<li><b>Simple to understand</b><br />
	There are no survival or maturity rewards in a <a href="https://www.bhartiaxa.com/be-smart/term/what-is-pure-term-insurance-plan" target="_blank" title="pure term plan">pure term plan</a>.</li>
	<br />
	<li><b>All Individuals are covered</b><br />
	There are no restrictions on education, occupation, residence, or gender.</li>
</ul>

<h2 class="section-main-heading">Eligibility Criteria for Saral Jeevan Bima Yojana 2021</h2>

<ul>
	<li>Entry Age: The minimum age for applying is 18 years, &amp; the maximum age for applying is 65 years.</li>
	<br />
	<li>Maturity Age: The minimum age at the end of the plan is 23 years, &amp; the maximum is 70 years.</li>
	<br />
	<li>Sum Assured: The minimum sum assured is ₹ 5,00,000, and Maximum Sum Assured is ₹ 25,00,000*</li>
	<br />
	<li>Premium Payment Term: Single Pay, Regular Pay – 5-40 years, Limited pay (5 Pay) - 6 years, and Limited pay (10 Pay) - 11 years.</li>
</ul>
&nbsp;

<p><i>*Insurers have the option of offering Sum Assured beyond ₹ 25,00,000 under Saral Jeevan Bima with all other terms and conditions remaining the same.</i></p>

<h2 class="section-main-heading">The Way Forward</h2>

<p>Saral jeevan bima <a href="/term-insurance" target="_blank" title="term insurance">term insurance</a> is a hassle-free policy that allows you to make an informed decision. The Saral jeevan bima term insurance will build confidence between the consumer and the insurer, which will help to reduce any arguments and misspellings during claim settlement.</p>
</div>
</section>


<p>There has been a shift in recent years in&nbsp; customer preference toward pure term life insurance products. Life insurers have launched novel protection plans with various features, perks, riders, options, and so on in response to the expanding demand. This is why&nbsp; IRDAI has established a new standardized insurance plan, which all insurance companies must adhere to.</p>


Saral Jeevan Bima Standard Term Insurance Plan | Bharti AXA Life

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The saral jeevan bima term insurance is a standard life insurance policy that pays the sum insured to a nominee in a lump sum if the person assured dies within the policy period.

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Saral Jeevan Bima Yojana Premium - Plan Benefits, Eligibility with full Coverage Details

<section class="blog">
<div class="blog-content">
<p>In India, the most common investment made by people is <a href="https://www.bhartiaxa.com/be-smart/life/things-to-keep-in-mind-buying-life-insurance-online" target="_blank" title="buying a Life Insurance Plan">buying a Life Insurance Plan</a>. Today, <a href="https://www.bhartiaxa.com/" target="_blank" title="Insurance companies">Insurance companies</a> have evolved plans such, that apart from the simple aim of only providing death benefit to the policy holder, a policy has now multiplied to add in several features that offer growth in investment, opportunity to invest in the market, goal-oriented investments and much more. This has led to the introduction of several plans under the umbrella of&nbsp;<a href="/life-insurance">life insurance</a>. Here are some that you should know about</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<div>
<ol class="bhartiaxa-order-list">
	<li>
	<h3 class="section-sub-heading">Term insurance plans</h3>

	<p><a href="/term-insurance">Term insurance&nbsp;</a>policies are the simplest form of life insurance policies. The plan is purely designed to offer financial security to your family in case of an eventuality. Under this plan you can only avail death benefits i.e. if the life insured dies, then the entire sum assured is handed to the nominee of the policy.</p>

	<p>Term <a href="https://www.bhartiaxa.com/online-insurance-plans" target="_blank" title="Insurance policy">Insurance policy</a> generally offers no added bonuses or maturity benefits. This plan can be availed for a period of 10 years to 30 years. In case the <a href="https://www.bhartiaxa.com/be-smart/life/understanding-the-relation-between-the-insurer-and-insured" target="_blank" title="insured">insured</a> outlives the insurance period then there are no further benefits from the plan. The premium rate for this plan is low as compared to the other insurance plans.</p>
	</li>
	<li>
	<h3 class="section-sub-heading">Endowment plans</h3>

	<p>This is considered to be one of the best <a href="/savings-plans">savings plans</a> by investors as it offers excellent growth on your savings. Under this plan you are liable to avail death benefit as well as maturity benefit. This ensures your loved ones are financially secure even when you are not around. You also get maturity benefits in case you outlive the tenure. The maturity pay-out of the plan also offers bonuses on the investment as accrued over the investment period. This plan can be availed for a period of 10, 15 and 20 years or up to a certain age limit.</p>
	</li>
	<li>
	<h3 class="section-sub-heading">ULIP plans</h3>

	<p><a href="/ulip-plans">ULIPs</a>or Unit Linked Plans are <a href="/life-insurance-plans" target="_blank" title="life insurance plans">life insurance plans</a> that give you the benefit of investing in securities. In this plan, the premium you pay is invested in equities or debt funds and the remaining amount is used for life coverage. Hence, this plan offers death benefit in case of the life insured's demise and it also gives you a good maturity benefit with the growth in the equities market. However, there may be some stock related risks in case you plan to invest in this policy.</p>
	</li>
	<li>
	<h3 class="section-sub-heading">Pension plans</h3>

	<p>Also known as&nbsp;<a href="/retirement-plans">retirement plans</a>&nbsp;, this life insurance plan is the best means of building a corpus for your retirement years. The investor has to pay a particular amount of premium regularly towards the plans for a definite period of time. At maturity the plan offers a particular sum to the insured either on monthly basis or annual basis.</p>
	</li>
</ol>
</div>
</div>
</section>


<p>In India, the most common investment made by people is buying a Life Insurance Plan. Today, Insurance companies have evolved plans such, that apart from the simple aim of only providing death benefit to the policy holder, a policy has now multiplied to add in several features that offer growth in investment, opportunity to invest in the market, goal-oriented investments and much more.</p>


Variety in Life Insurance Policies in India | Bharti AXA

Know about different types of life insurance policies to secure your family's future with plans such as ULIP, term insurance, Pension and others. Contact us to know more!

types of policy, life insurance, term insurance, savings plans, life insurance plans

Variety in Life Insurance Policies in India

<section class="blog">
<div class="blog-content">
<p>Tax planning is a process where the tax-payer utilizes the concessions available to him under various tax laws and pays the minimum possible tax. This is done with complete adherence to the tax laws. In fact, the government encourages you to plan your taxes by investing in tax saving instruments like <a href="/life-insurance">life insurance policies</a>.</p>

<p>For many tax payers, planning is not listed in their agenda until March. This is the month wherein they run to invest their money in a plan with the sole purpose of saving tax for that financial year. If they get a plan that avails them <a href="https://www.bhartiaxa.com/be-smart/tax-savings/income-tax-deduction-under-section-80c" target="_blank" title="tax deduction">tax deduction</a>, they don't think about any other benefits. Also, most of the times, the <a href="https://www.bhartiaxa.com/be-smart/tax-savings/the-best-tax-saving-schemes-to-invest" target="_blank" title="tax saving">tax saving</a> instrument chosen is a recommendation by a colleague or something they've seen in an advertisement. This practice mostly leads people to make wrong investment choices.</p>
</div>
</section>

<section class="blog">
<div class="blog-content">
<div>
<ol class="bhartiaxa-order-list">
	<li>
	<h3 class="section-sub-heading">Overall tax planning benefits</h3>

	<p>Timely tax planning can reduce income tax incidence on an individual. Often, people pay more tax than what they would have paid by not choosing investments smartly. Proper planning will help you save tax more effectively and maximize investment returns. Remember, the less tax you pay, the more money you save or have at your disposal to spend</p>

	<p>The earlier you start with tax planning, the sooner your investment start earning returns. Also, it eliminates the situation where you may end up not having enough money to spare for a lump sum investment, at one go for 100% tax-saving</p>

	<p>With a proper <a href="https://www.bhartiaxa.com/savings-plans/tax-savings-child-insurance-plans" target="_blank" title="tax saving strategy">tax saving strategy</a>, you'll be able to use most of the tax benefits available under the law</p>

	<p>An efficient way to plan your taxes is to invest throughout the year in a certain proportion such that by the end of the year you've taken advantage of most of the <a href="/term-insurance/term-insurance-tax-benefits">tax saving plans</a>.</p>

	<p>Since tax benefits available varies from time to time and are also subject to many conditions prevailing at that point in time, it is important that you start your tax planning early in the year and consult a professional who can advise you in this regard, if required.</p>
	</li>
</ol>
</div>
</div>
</section>


<p>Tax planning is a process where the tax-payer utilizes the concessions available to him under various tax laws and pays the minimum possible tax. This is done with complete adherence to the tax laws. In fact, the government encourages you to plan your taxes by investing in tax saving instruments like&nbsp;<a href="/life-insurance">life insurance policies</a>.</p>


Need and Benefits of Tax Planning - Bharti AXA Life

Learn more about why tax planning is required and benefits of tax planning under Indian law at Bharti AXA Life Insurance. Read this article to know more.

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What is Tax Planning and Why You Need it?

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Accidental Total and Permanent Disability Rider

Accidental Total and Permanent Disability Rider | Bharti AXA Life

Bharti AXA Life Accidental Total and Permanent Disability Rider offers to cover against Total and Permanent disability due to accidents, Return on Premium Option and many more.

disability rider, permanent disability rider, accidental total and permanent disability

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<div class="WhoCanBuy">
<h2>Eligibility Check</h2>

<h3>Plan at a Glance</h3>

<table border="0" cellpadding="0" cellspacing="0" class="table" width="100%">
	<thead>
		<tr>
			<th>Parameter</th>
			<th class="text-center">Eligibility Criteria</th>
		</tr>
	</thead>
	<tbody>
		<tr>
			<td>Minimum age at entry</td>
			<td class="text-center">18 years</td>
		</tr>
		<tr>
			<td>Maximum age at entry</td>
			<td class="text-center">60 years</td>
		</tr>
		<tr>
			<td class="valign-mid">Maximum Age at Maturity</td>
			<td class="text-center">70 years</td>
		</tr>
		<tr>
			<td class="valign-mid">Rider Term</td>
			<td class="text-center">Limited Pay: 10/ 12/ 15/ 20/ 24/ 25/ 30 years<br />
			Regular Pay: 5/ 10/ 12/ 15/ 30 years<br />
			(Rider Term cannot exceed the Policy Term of the Base Policy)</td>
		</tr>
		<tr>
			<td class="valign-mid">Premium Payment Term</td>
			<td class="text-center">
			<p class="text-left">Limited Pay:</p>

			<table border="0" cellpadding="0" cellspacing="0" class="table" width="100%">
				<thead>
					<tr>
						<th class="text-center">Rider Term (In Year)</th>
						<th class="text-center">Premium Payment Term (In Years)</th>
					</tr>
				</thead>
				<tbody>
					<tr>
						<td class="text-center">10</td>
						<td class="text-center">5</td>
					</tr>
					<tr>
						<td class="text-center">12</td>
						<td class="text-center">7</td>
					</tr>
					<tr>
						<td class="text-center">15</td>
						<td class="text-center">5 / 7 / 8 / 10</td>
					</tr>
					<tr>
						<td class="text-center">20</td>
						<td class="text-center">5 / 7 / 8 / 10 / 12 / 15</td>
					</tr>
					<tr>
						<td class="text-center">24</td>
						<td class="text-center">12</td>
					</tr>
					<tr>
						<td class="text-center">25</td>
						<td class="text-center">5 / 7 / 8 / 10 / 12 / 15</td>
					</tr>
					<tr>
						<td class="text-center">30</td>
						<td class="text-center">5 / 7 / 8 / 10 / 12 / 15</td>
					</tr>
				</tbody>
			</table>

			<p class="text-left">Regular Pay: Same as rider term</p>
			</td>
		</tr>
		<tr>
			<td class="valign-mid">Minimum Sum Assured (Rs.)</td>
			<td class="text-center">Rs 25,000/-</td>
		</tr>
		<tr>
			<td>Maximum Sum Assured (Rs.)</td>
			<td class="text-center">Rs 1 Crore</td>
		</tr>
		<tr>
			<td>Premium Payment Modes</td>
			<td class="text-center">Annual, semi-annual, quarterly* and monthly*</td>
		</tr>
		<tr>
			<td class="valign-mid">Minimum Premium</td>
			<td class="text-center">Based on the minimum Sum Assured</td>
		</tr>
	</tbody>
</table>

<p>*Through auto pay only</p>
</div>
</div>

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Who can buy?

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<h2>Key benefits</h2>

<h3>Eligibility to Claim:</h3>

<ul class="liststyle1">
	<li>Accidental Total and Permanent Disability must have been caused due to an accident</li>
	<li>Accident is defined a sudden, unforeseen and involuntary event caused by external, visible and violent means.</li>
	<li>The accident shall result in bodily injury or injuries to the Life Insured independently of any other means within 120 days of the occurrence of directly and independently of any other means cause the total and permanent disability (TPD) of the Life Insured</li>
	<li>The disability should have lasted for at least 180 days without interruption and must be deemed permanent by a Company empanelled medical practitioner</li>
	<li>To be regarded as totally and permanently disabled, the incapacitation should be for at least three of the following Activities of Daily Work. Where, Activities of Daily Work are:
	<ul class="liststyle1">
		<li>Mobility: The ability to walk a distance of 200 meters on flat ground.</li>
		<li>Bending: The ability to bend or kneel to touch the floor and straighten up again and the ability to get into a standard saloon car, and out again.</li>
		<li>Climbing: The ability to climb up a flight of 12 stairs and down again, using the handrail if needed.</li>
		<li>Lifting: The ability to pick up an object weighing 2kg at table height and hold for 60 seconds before replacing the object on the table.</li>
		<li>Writing: The manual dexterity to write legibly using a pen or pencil, or type using a desktop personal computer keyboard/laptop.</li>
		<li>Blindness – permanent and irreversible - Permanent and irreversible loss of sight to the extent that even when tested with the use of visual aids, vision is measured at 3/60 or worse in the better eye using a Snellen eye chart</li>
	</ul>
	</li>
</ul>

<h3>Accidental Total and Permanent Disability includes:</h3>

<ul class="liststyle1">
	<li>Total and permanent loss of both hands, or&nbsp;</li>
	<li>Total and permanent loss of both feet, or&nbsp;</li>
	<li>Total and permanent loss of both eyes, or&nbsp;</li>
	<li>Total and permanent loss of any two limbs, or&nbsp;</li>
	<li>Total and permanent loss of one eye and one limb&nbsp;</li>
</ul>
</div>
</div>

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<p>Prepare yourself for any uncertainty due to accidents with&nbsp;<a href="/">Bharti AXA</a>&nbsp;Life Accidental Total and Permanent Disability Rider.<br />
#DoTheSmartThing.</p>


<p>Prepare yourself for any uncertainty due to accidents with Bharti AXA Life Accidental Total and Permanent Disability Rider.<br />
#DoTheSmartThing.</p>


Bharti AXA Life Accidental Total and Permanent Disability Rider

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5 Reasons to Buy

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Plan at a Glance

Bharti AXA Life Accidental Total and Permanent Disability Rider

(UIN:130B010V01) (ADVT NO:II-Feb-2021-2611)

5 Reasons to Buy

Eligibility Check

Plan at a Glance

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(UIN:130B010V01)
(ADVT NO:II-Feb-2021-2611)