Table No. 859 : Saral Jeevan Bima
Product Info & Benefits:
- This is non-linked, non-participating, pure risk term insurance plan.
- This plan is designed to provide pure risk coverage to the life insured with lower income group
- One can choose a premium payment TERM:
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Regular Payment: Term of 5 years to 40-year tenure
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Limited Payment: 5 Years and 10 Years
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Single Premium: in Lumpsum
- This plan covers any person without restrictions. There is no need to provide educational checks, occupation proofs etc.
- Premiums paid in this term plan would qualify for income tax benefits u/s 80C up to Rs 1.5 Lakhs per financial year.
- This plan is best for those who wish to buy up to Rs.25 lakh coverage.
- No maturity or survival benefits.
- No loan available
