Bajaj Allianz Saral Jeevan Bima
Bajaj Allianz Saral Jeevan Bima is a type of term insurance plan introduced by Bajaj Allianz keeping in view the need of term insurance of the customers.
If the death of the life assured occurs during the policy term, then the benefit of the sum assured is provided to the nominee by the life assured in the form of death benefit. On this, with the help of term plan, the policyholder can secure the financial needs of his family in his absence.
In this plan, you are provided with the benefit of term coverage for a maximum period of 40 years. In this, you are provided with a maximum life cover of up to Rs.25 lakh.
Features And Benefits Of Bajaj Allianz Saral Life Insurance
Following are the features and benefits of Bajaj Allianz Saral Jeevan Bima:
- Life Cover:
In Bajaj Allianz Saral Bima term insurance plan, you get the benefit of life cover from 5 years to 40 years. You can choose any policy term as per your requirement.
- Policy Term:
In this term insurance plan, you get the option of minimum policy term of 5 years and maximum policy term of 40 years.
- Minimum Policy Term- 5 years
- Maximum Policy Term- 40 years
- Sum Assured:
In this time policy, you get minimum sum assured of 5 lakhs and maximum sum assured of 25 lakhs.
- Death Benefits:
In case of death of the life assured during the policy term, a minimum sum assured of Rs.5 lakh is provided to the nominee by the life assured. The maximum sum insured that can be availed is up to Rs. 25 lakh.
- Maturity Benefits:
This is a term insurance plan. Therefore, if the life assured survives the policy term, no maturity benefit is paid to him.
- Low Premium:
Bajaj Allianz Saral Life Insurance is designed keeping in mind the needs of the common man. Hence this term insurance policy is available to you at a low premium. Through this, whoever has a low budget can also take advantage of the term plan.
- Premium Payment Modes:
In Bajaj Allianz Saral Jeevan Bima, you get a variety of premium payment options. You can choose to pay your premiums monthly, half-yearly, annually or as a single premium.
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Bajaj Allianz Saral Life Insurance Eligibility
Eligibility for Bajaj Allianz Saral Jeevan Bima is as follows-
| Entry Age | Minimum age- 18 years Maximum age- 65 years |
| Maturity Age | Maximum Maturity Age- 70 years |
| Sum Assured | Minimum Sum Assured- 5 lakhs Maximum Sum Assured- 25 lakhs |
| Policy Term | Minimum Policy Term- 5 years Maximum Policy Term- 40 years |
| Premium Payment Options | Single Premium Limited Premium for 5 years or 10 years Regular Premium |
| Premium Payment Modes | Single/Yearly/Half yearly, Monthly |
Documents Required For Bajaj Allianz Saral Life Insurance
The documents required for Bajaj Allianz Saral Jeevan Bima are as follows-
- ID proof
- age proof
- Address proof
- latest photos
Bajaj Allianz Simple Life Insurance Premium
In this plan, you get the option of single premium, limited premium and regular premium for premium payment. Also you get the option of monthly, half yearly, yearly and single premium payment for premium payment mode. You can choose any of these as per your requirement.
Premium Payment options
- Single Premium
- Limited Premium for 5 years or 10 years
- Regular Premium
Premium Payment Modes
- Single,
- Yearly,
- Half yearly,
- Monthly .
How To Buy Bajaj Allianz Saral Life Insurance?
You can buy Bajaj Allianz Saral Life Insurance both online and offline.
To buy through online you have to visit the official website of Bajaj Allianz and you can easily buy Saral Jeevan life insurance there.
To buy through offline mode, you will have to visit the nearest branch of Bajaj Allianz. By getting the application form related to this term plan there. You can buy this plan by filling it completely.