Enjoy your life at every stage with Edelweiss Tokio’s Saral Jeevan Bima

Enjoy your life at every stage with Edelweiss Tokio’s Saral Jeevan Bima

Ridhima Saxena

Edelweiss Tokio Life Insurance Saral Jeevan Bima is a non-linked and non-participating personal plan with pure risk premium and coverage of insurance.

Life insurance can be simple to understand as in the way that you can buy a plan now for the protection of the future of your loved ones from any untoward events in life. Term plans are challenging to understand at times, which is why people do not go for buying term plans. Saral Jeevan Bima from Edelweiss Tokio Life is a kind of term plan that offers life coverage to you and your family and offers an array of benefits such as various options of premium paying terms and choice of premium payment frequency. Individuals can choose the payment terms and the frequency of premium payment at their convenience. 

Salient features of Edelweiss Tokio Life Saral Jeevan Bima

  • Any death that occurred due to any pandemic such as COVID-19 is covered under Saral Jeevan Bima
  • The policyholder can choose a life cover anywhere between ₹5 lacs to ₹25 lacs in the multiples of 50,000. 
  • Saral Jeevan Bima provides life insurance coverage up to 70 years of age. 
  • Saral Jeevan Bima offers the policyholder flexibility to choose the policy term anywhere between five years to 40 years. 
  • Saral Jeevan Bima offers Saral Jeevan Bimaholder to choose the frequency of premium payment from regular pay, single pay or limited pay of about five years to ten years. 
  • There is a choice of payment of premium paying mode from annual to semi-annual to the monthly payment. 
  • The beneficiary receives the death benefit by way of a lump sum based on the kind of policyholder's death according to the terms and conditions of the policy.
  • Saral Jeevan Bima is a premium life insurance plan which is risk-based, so there is no maturity benefit. 
  • Saral Jeevan Bima life insurance plan has an exclusion of suicidal death with the applicable policy terms. 
  • Saral Jeevan Bima provides a waiting period of 45 days from the date of buying the policy. However, if the policy has to be revised, then this waiting period will not be applicable. 
  • Saral Jeevan Bima does not support any loans to be taken over it. 
  • The policyholder may have tax exemptions as per the tax laws.
  • The policy comes with a free look period of around 15 to 30 days in an online and offline purchase, respectively, during which the policyholder is free to cancel the policy. 
  • Saral Jeevan Bima doesn't come with a surrender value.

Eligibility and Highlights of the Edelweiss Tokio Life Saral Jeevan Bima

Note : 

  • One can buy this policy offline and online.
  • Suppose if Saral Jeevan Bima is purchased through POS channels, then in addition to the above terms, 65 years of age will be the age of maturity of the last birthday. 

Edelweiss Tokio Life Saral Jeevan Bima is a must buy plan for its benefits.

 


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