What Do You Need to Know about Saral Jeevan Bima Plan?

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What Do You Need to Know about Saral Jeevan Bima
Plan?

• The Saral Jeevan Bima is a pure-risk cover non-
  participating, non-linked term life insurance
  policy. It is meant to provide insurance
  coverage as a sum-assured amount to the nominee
  in the event of the policyholders ill-timed
  departure during the policy term. As it is a
  pure- term insurance plan so it doesnt
  incorporate any surrenders value.
• It also doesnt retain a maturity benefit.
  Individuals who are not struggling with any sort
  of issues regarding educational qualifications,
  age, gender, place of residence, or occupation
  are eligible to access this policy. The primary
  intention behind launching this policy is to

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help customers make a well-versed choice. Saral
Jeevan Bima Plan is a normal term insurance plan
that one can purchase at affordable premium
rates. A List of Astonishing Benefits of Saral
Jeevan Bima If you are wondering why you need to
Buy Saral Jeevan Bima Plan online, then given
below are some of the major benefits that can
come with this remarkable policy Coverage of
Death Due to Covid-19 IRDAI has devised Saral
Jeevan Bima without forgetting COVID-19. Saral
Jeevan Bima is a protection plan that covers
death caused by COVID-19. Death Benefit Saral
Jeevan Bima, the standard term plan provides the
sum assured amount to the beneficiary in case of
the ill-fated death of the life assured. Death
benefit aids the dependents of the deceased life
assured
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to tackle the financial predicaments that may
surface. The amount that the family will get
will help them manage their expenses
efficiently. Tax Benefits Under Section 80C of
the Income Tax Act, 1961, premium payments done
for Saral Jeevan Bima are qualified for tax
deductions. This policy helps you enjoy tax
benefits. Waiting Period Saral Jeevan Bima
retains a waiting period of 45 days from the
date of commencement of risk. The waiting period
doesnt apply if the policy is revived. Saral
Jeevan Bima also delivers cover for death caused
by an accident, during the waiting period of 45
days. What documents do I need to submit for the
application of Saral Jeevan Bima Policy?
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Following are some mandatory documents demanded
to purchase Saral Jeevan Bima Duly Filled and
Signed Proposal Form KYC Documents of the Applican
t (Aadhaar Card, Pan Card, Voter ID Card,
Passport, and more.) Address Proof of the
Applicant (Latest Electricity Bills, Water
Bills, Gas Bills, etc.) Latest Salary Slips
Passport Size Photographs Recent Medical
Examinations/Records Who Should Buy the Saral
Jeevan Bima Policy? People who are looking for a
pure protection plan need to Check Saral Jeevan
Bima Plan online, and then purchase it. A
potential buyer will not face any limitations
based on gender, academic qualification,
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occupation, or place of residence. Keep in mind
that the minimum entry age for the Saral Jeevan
Bima insurance is 18 years, the maximum entry
age for it is 65 years. The maximum maturity age
for the Saral Jeevan Bima Policy is 70 years.
So, any person within the bracket can easily
purchase the Saral Jeevan Bima plan without
worrying about any concerns. One of the
important things to remember is that people who
dont sustain a stable flow of income and have
incomplete income proof can are entitled to
secure themselves and their loved ones by
investing in the Saral Jeevan Bima plan. Any
individual who wishes to purchase a term plan
with a policy term varying from 5 to 40 years
can also opt for this plan to get themselves and
their dependents covered for a long time. Why
Does Saral Jeevan Bima Make an Ideal Choice for
You?
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If you are buying term insurance for the first
time, Saral Jeevan Bima Plan would become the
perfect choice for you. As it is a typical term
insurance plan so you can purchase it
hassle-free either online or from any insurance
company. Though, do not let this aspect slip
away from your mind that while the features and
benefits of the policy may stay the same across
all insurance companies, it is the premium
amount that could differ. Make sure to read
policys documents thoroughly to avoid any
unpleasant surprises. Without any doubt, Saral
Jeevan Bima makes an amazing choice for those
policy buyers who are not willing to
engross themselves in insurance plans that
the complications of term are usually available
across
distinctive insurance companies. In Saral Jeevan
Bima, you wont stumble upon any complications
concerning inclusions or exclusions, or any
other policy terms.
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You will find the wording of the Saral Jeevan
Bima Plan easy to understand and follow, leaving
no room for any doubt. And the best part is that
it comes with a free-look period of 15 days that
begins from the date of receipt of the policy
documents and shall be provided to the
policyholder, in case he/she is not pleased with
the policys terms and conditions. Though this
plan is simple but still it is jam-packed with
an array of beneficial features.