Axis Max Life Saral Jeevan Bima

Term Insurance is an excellent tool that helps your loved ones deal with uncertainties in life. But insurers consider several factors before offering a term plan to an individual. These include gender, occupation, income, place of residence, and educational qualifications. Many people fail to get life cover with the intended sum assured because of these initial checkpoints.

Axis Max Life Saral Jeevan Bima (Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan | UIN 104N117V02) is a standard pure term plan meant for all individuals irrespective of their education or occupation.

It is a standard product that makes it easier for you to get adequate life cover. It has been designed to help policy buyers make an informed choice about life insurance.

Under this plan, you can choose the sum assured as low as Rs. 5 lakhs to financially protect your family. In case of your unfortunate demise during the policy period, your nominee will receive a death benefit to meet various expenses in life. You can select a suitable premium payment variant that fits well into your financial plan.

If you have never purchased any term plan because of educational or occupational checks, now is the time to cover your life under this simple term plan.

You are eligible to buy this plan:

A term insurance policy is a must-have for everybody. A policy like Saral Jeevan Bima is created to ensure that it is accessible and straightforward for policy buyers.

Saral Jeevan Bima (Saral Bima Yojana) offers adequate flexibility in terms of premium payment to meet the needs of diverse financial profiles. For instance, the limited pay option allows policyholders to complete their premium payments within the first few years of their policy period, thereby enjoying coverage for the rest of the term without any premium responsibilities.

More importantly, you can choose the policy term anywhere between 5 and 40 years, depending on your preference. Hence, if you are looking for a simple life insurance product offering sufficient financial security, Saral Jeevan Bima Yojana can be a favourable choice.

The registration process for the Saral Jeevan Bima Yojana (also known as Saral Bima Yojana) is relatively simple. Any individual falling in the eligibility bracket can follow a few simple steps to purchase Saral Jeevan Bima Yojana.

Let's look at the online and offline application processes for the new Saral Bima Yojana:

Any individual can apply for the Saral Jeevan Bima Yojana with no restrictions on gender, domicile, academic qualifications, or occupation.

Here is the list of documents you require to purchase Saral Jeevan Bima Yojana:

Before you purchase the Saral Jeevan Bima Yojana, here are some things you should be aware of:

• The product should be available to anybody regardless of gender, occupation, residency, or educational credentials.
• While each insurer's onboarding and underwriting procedure may differ, the coverage under Saral Jeevan Bima Yojana is available to anybody aged 18 to 65. The policy term is 5 to 40 years, and they have the option of paying premiums on a regular basis, for a limited time (5 or 10 years), or in one lump sum amount.
• The minimum sum assured for Saral Jeevan Bima is 5 lakh rupees, with a maximum cover of up to 25 lakh rupees.
• Saral Jeevan Bima (also known as Saral Bima Yojana) will only cover death due to accident during the waiting period of 45 days from the Date of Commencement of Risk. For the death due to any other reason during this time, an amount equal to 100% of all Premiums received excluding taxes, if any, shall be paid instead of the Sum Assured.