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About Saral Jeevan Bima
A Non Linked Non Participating Individual Pure Risk Premium Life Insurance Plan
UIN: 136N075V02
Canara HSBC Life Insurance Saral Jeevan Bima is the shield that protects you against uncertainties of life and ensures your plan to fulfill the dreams of your loved ones are not hindered.
Why Buy
Saral Jeevan Bima is an easy to understand and affordable Term Insurance Plan offering a lump sum benefit in case of Death of the Life Assured. The plan provides flexibility of Basic Sum Assured, Premium Payment Term, Policy Term and Premium Payment Frequency that can be aligned as per Insurance needs.
KEY FEATURES
- Insurance cover at affordable price
- Ensure financial protection for your family in case of eventuality
- Easy to understand and Hassle Free purchase process
- Multiple Premium Payment Term options (Single Premium/ 5 or 10 years Limited Premium Payment/ payment throughout the Policy Term)
- Tax benefits as per applicable laws as amended from time to time
Brochures
PRODUCT BROCHURE
PLAN FLYER
POLICY CONTRACT
PREMIUM RATES
PRODUCT INFORMATION
CUSTOMER INFORMATION SHEET
- Benefits
- How it works
- Waiting Period
- Sum Assured
- Eligibilty
If death occurs during Waiting Period and the Policy is in-force
Accidental Death | Sum Assured on Death is payable as a lump sum benefit and Policy terminates |
Death other than Accident | 100% of Total Premiums Paid will be paid and Policy terminates |
If death (including Accidental Death) occurs after the Waiting Period and the Policy is in-force
Sum Assured on Death is payable as a lump sum benefit and Policy terminates
Sum Assured on Death:
| For Regular/Limited premium payment policy | For Single premium payment policy |
|---|---|
Higher of: 1. 10 times of one Annualized Premium, or 2. 105% of Total Premiums Paid as on date of death, or 3. Absolute amount assured to be paid on death | Higher of: 1. 125% of Single Premium, or 2. Absolute amount assured to be paid on death |
Annualized Premium shall be the Premium amount payable in a year excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums.
Single Premium shall be the total Premium amount payable at outset, excluding the taxes, rider premiums and underwriting extra premiums.
Absolute amount assured to be paid on death shall be equal to the Sum Assured specified in the Schedule as opted by the Policyholder at the inception of Policy.
Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes , if collected explicitly.
- Step 1: Choose your Sum Assured
- Step 2: Choose your Policy Term, Premium Payment Term and Premium Payment Frequency
- Step 3: Reply few easy questions about you like age, occupation, education, health status, tobacco/alcohol consumptions, etc. as required
- Step 4: The premium amount is calculated basis the details provided
- Step 5: Read through the Policy Terms and Conditions and proceed to pay your premium if you agree with them
The product shall be offered to individuals without restrictions on gender, place of residence, travel, occupation or educational qualifications.
A Waiting Period of 45 days will apply from the date of commencement of risk. The Policy will cover Death due to Accident only during this period. In case of death of the Life Assured other than due to Accident during the Waiting Period, an amount equal to 100% of Total Premiums Paid shall be paid and Policy will terminate for any future benefits.
Rs. 5,00,000 to Rs. 25,00,000
(Sum Assured can be opted in multiples of Rs. 50,000)
| Parameters | Description | ||||||||
|---|---|---|---|---|---|---|---|---|---|
Age at Entry^ | 18 years to 65 years | ||||||||
Age at Maturity^ | 23 years to 70 years | ||||||||
Policy Term (subject to Maximum Maturity Age) | 5 years to 40 years | ||||||||
Premium Payment Term (PPT) | Single Premium | ||||||||
Premium Payment Mode | For Regular and Limited premium payment policy
Monthly mode of premium will be available through NACH/ECS only. For Single premium payment policy: One time lump sum amount | ||||||||
Premium | Minimum: Rs. 1,998 per annum Maximum: Rs. 4,99,875 under Single Premium* |
^Age last birthday
* The maximum premium is applicable for a standard life with Age 54 years, Policy Term – 16 years and with a chosen Sum Assured of 25 Lakhs.