Saral Jeevan Bima Yojana:-Are you looking to avail of the Saral Jeevan Bima Yojana (SJBY)? If so, you’re in luck! This government-sponsored health insurance scheme offers a wide range of benefits that are perfect for people of all ages and stages of life. In this blog post, we’ll explain everything you need to know about SJBY and help you register for the program. We’ll cover topics such as eligibility, benefits, and how to purchase SJBY insurance. So whether you’re new to the concept of health insurance or just looking for some clarification, this blog post is for you.
Saral Jeevan Bima Yojana will be make available to you in our object. Because in our article you have been provided with clear notification about registration and benefits. Not only this, we will tell you how you can apply for this plan. So read our object carefully till the final. Also, for more information about this, add our web portal to the bookmark.
Saral Jeevan Bima Yojana
The standardized life insurance offered by IRDAI is Saral Jeevan Bima (सरल जीवन बीमा). All life insurance companies provide a pure protection plan called Saral Jeevan Bima. Saral Jeevan Bima is a traditional term insurance plan that may be obtained at inexpensive premium costs. It was introduced with the goal of assisting consumers make an informed decision.
This plan has been float by the Insurance Regulatory & and Development Authority of India. For which only subject of India can apply. Insurance will be on condition that to you through this plan. For you can effortlessly apply in both online & offline modes. The link to the official web portal for this scheme has also been provide in our article. Online applications for this plan were launched in January 2021. For insurance in this plan, you have to pay a premium for 5th to 10th years. Your minimum sum assured through this life insurance is Rs.5 lakhs and the maximum cover is up to Rs. 25 lakhs. To apply, your minimum age has been fixed at 18th years and the maximum age is 65 years. According to which you can apply.
Saral Jeevan Bima Yojana Details
| Name of The Scheme | Saral Jeevan Bima Yojana |
| Year | 2023 |
| Category | Government Scheme |
| Official Website | www.irdai.gov.in |
About Saral Jeevan Bima Yojana
The Pradhan Mantri Jeevan Jyoti Bima Yojana is a life insurance program supported by the government. It was first hint at in the February 2015 Budget speech by the late Finance Minister Arun Jaitley. Prime Minister Narendra Modi officially reveal it on May 9 in Kolkata. This program aims to increase the number of people who have insurance as of May 2015, only 20% of India’s population had any type of content.
What is Saral Jeevan Bima Policy?
Saral Jeevan Bima (a non-linked, non-participating, pure-risk term insurance plan) is a totally independent and completely risk-free program. After the policyholder’s death during the term of the policy, this strategy offers a nominal sum to a nominee. Saral Jeevan Bima does not include riders, benefits, or variants except those specified in its annexure, and it has a simple structure with standard terms & conditions. It’s worth noting that Saral Jeevan Bima’s terms and conditions apply to all insurance companies.
Feature of Saral Jeevan Bima
Some key characteristic of Saral Jeevan Bima are as follows.
| S. No. | Particulars | Norms |
| 1. | Large Sum Assured Rebate | Indicated in File & Use, if any |
| 2. | Premium Payment Options | Yearly, Half-Yearly or Monthly.
Single Premium Payment Option can also be opted for |
| 3. | Death Benefit | In case of Single Premium Policies, it is tall of 125% of single premium & absolute amount assured to be paid on death.
In case of Regular Premium Payment policies, it is the highest of 10 times of once yearly premium, 105% of all the premiums paid as on the date of death. |
| 4. | Maturity Benefit | No maturity interest available |
| 5. | Exclusions | According to regulations on condition that, only suicide comes under exclusions |
| 6. | Waiting Period | 45th days of waiting time from the date of commencement of risk.
The waiting period is not relevant if the policy is resuscitate. Note- Accidental death coverage is only provided by the policy during the 45-day waiting period. During the waiting period, the nominee receives an amount equal to 100 percent of the premium paid, minus taxes, in the event that the life assured passes away as a result of an accident. In such a situation, the Sum Assured is not paid, as must be noted. Advertisement
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In case the life assured commits suicide within 12 months from the date of commencement of risk, the plan becomes annul. |
| 7. | Surrender Value | No surrender value available |
| 8. | Loan | No loan permitted against the policy |
| 9. | Policy Cancellation Value | Policy cancellation value is payable.
|
| 10. | Riders | Optional riders like Accident Interest and Permanent Disability Benefit Riders could be added. |
| 11. | Interest on Delayed Premium Payments | With adherence to the insurance company’s policy for similar products. |
How to Check Saral Jeevan Bima Yojana Online?
Are you looking for an online way to check Saral Jeevan Bima Yojana (SJBY)? If so, you’re in the right place! In this blog post, we’ll provide a straightforward guide on how to check SJBY online. We’ll explain the different options available and walk you through the process step by step. So whether you’re looking to apply for SJBY or just want to know more about it, this is the guide for you. Read on to learn more!
- To apply you have to first go to the official web portal, www.irdai.gov.in
- On whose home page you have to click on ‘Insurance Scheme.
- After which you have to select Saral Jeevan Bima Yojana.
- After selecting you have to click on apply.
- Then an application form will open in front of you.
- In which you have to fill in all the particular asked correctly.
- Along with filling in the particular, you also have to upload your documents.
- In this way, you can easily apply for this plan.
Check Also: CGHS Online Appointment 2023
Eligibility Criteria for Saral Jeevan Bima Yojana
While applying, you have to keep some main things in mind according to which you can fill out your form. Your eligibility criteria are as follows.
- The minimum age to apply is 18 years.
- But the maximum age for this has been fixed at 65 years.
- Only Permanent Citizens of India can apply for this.
Benefits of Saral Jeevan Bima Yojana
If you want to apply for this program, you should also know exactly what it offers in terms of benefits. Therefore, carefully read these points. Saral Jeevan Bima Policy provides some of the following advantages:
- You can cover up to Rs.5 lakhs to Rs.25 lakhs through this plan.
- Life cover will also be on condition that to you under this plan.
- After the death of the beneficiary, the amount of life protect is given to the nominee.
- Under this scheme, you can buy life insurance according to your financial condition.
- Not only this, but you can also choose on your premium account under this plan.
- The age of maturity has been fixed up to the maximum age of 70 years.
- The waiting period of 45 days has been fixed in this plan.
- During this waiting period, the policy will only cover death due to an fastened.
- In Saral Jeevan Bima Yojana, your policy term will be kept only for 4th to 40th years.
- Simple terms and state have been fixed in this plan for all the beneficiaries.
- Suicide due to any reason will not be protect under this scheme.
Documents Required for Saral Jeevan Bima Yojana
For this plan, you have to submit some documents which are as follows.
- Address proof
- Aadhar card
- Mobile number
- Passport-size photograph, etc.
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