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Shriram Life Saral Jeevan Bima
What is Shriram Life Saral Jeevan Bima?
Shriram Life Saral Jeevan Bima (UIN: 128N091V01) is a non-linked, non-participating term insurance plan that aims to provide financial protection against premature demise.
- Buy Shriram Life Saral Jeevan Bima online in four steps
- Long-term coverage up to 40 years
- Flexible premium payment options
- Optional rider for wider coverage
- Claim high sum assured rebates on premiums
- Claim tax benefits on the premium paid
Policy Type
Protection Plans
Policy Term
Up to 40 years
Minimum Premium
Depends on the coverage and risk factors
Maturity Age
70 years
Claim Process
Hassle-free claim process
Features and Benefits of Shriram Life Saral Jeevan Bima
Long-term Coverage
Shriram Life Saral Jeevan Bima allows coverage for up to 40 years so that you can be covered for a longer tenure.
Enhanced Coverage with Riders
An optional Accident Benefit Rider pays an additional benefit on accidental demise.
Flexible Premium Payments
Choose to pay the premium throughout the policy tenure, for a limited period or in one lump sum. Moreover, you can pay the premium monthly, half-yearly or annually according to your preference.
Premium Rebates
Enjoy premium rebates for choosing higher sum assured levels.
Tax Benefits
Save tax on the premium paid under Section 80C of the Income Tax Act, 1961.
Easy Revival
Revive a lapsed policy within five years to enjoy complete coverage under Shriram Life Saral Jeevan Bima.
How to Apply for Shriram Life Saral Jeevan Bima
You can apply for Shriram Life Saral Jeevan Bima in four easy steps:
Step 01
Register using your Mobile Number
Step 02
Verify and Proceed using OTP
Step 03
Receive a Call from our representative
How to Claim for Shriram Life Saral Jeevan Bima
You can submit death claims, disability claims, cancer care claims and critical Illness claims for your Shriram Life Saral Jeevan Bima online on our website by following simple steps provided below.
Step 01
Come to the claim center, select intimate claim Button
Step 02
Choose in the dropdown Request Type - death
Step 03
Fill the details of insurer, death event, details of doctor who declared death (Doctor -Non mandatory)
Step 04
Fill the personal and bank details of claimants and upload the documents
Documents to be uploaded
- Death certificate issued by Local Body/Municipal Body
- Nominee bank passbook
- Postmortem report
- Claim form B
- Claim form A
- Policy Document
- Hospital Summary/Hospital records
- Nominee ID proof (ID proof /address Proof)
- FIR/ Panchnama/ Inquest Report and final investigation report
- Upload Signature of claimant
- Copy of driving license if Life Assured was driving the vehicle at the time of accident (applicable if Rider is opted)
- NEFT mandate form
- Claims form C and E wherever applicable
Eligibility and Documents Required for Shriram Life Saral Jeevan Bima
| Age Criteria | Entry Age Entry Age Minimum: 18 years (age last birthday) Maximum: 65 years (age last birthday) |
|---|---|
| Maximum Maturity | Age: 70 years (age last birthday) |
| Policy Term | Minimum: 5 years Maximum: 40 years |
| Premium Paying Term | Regular Premium: Equal to the chosen policy term Limited Premium: 5 years or 10 years Single Premium: Once |
| Premium Mode | Yearly, Half-yearly, Monthly or Single |
| Annual Premium | Depends on coverage and risk factors |
| Sum Assured | Minimum: ₹5,00,000 Maximum: ₹25,00,000 (In multiples of ₹50,000) |
What Does the Shriram Life Saral Jeevan Bima Cover?
Shriram Life Saral Jeevan Bima offers coverage for up to 40 years and you can pay the premiums flexibly at your convenience. During the coverage tenure, the death sum assured is paid if the life insured meets a premature demise.
There is also a waiting period of 45 days from policy commencement and accidental demise is covered during this period. In case of any other type of demise, the premium is refunded. The plan also offers an optional Accident Benefit Rider which covers accidental demise and disabilities, and pays an additional benefit.
Download Documents for Shriram Life Saral Jeevan Bima
We offer our customers the ease of downloading their policy-related documents online through www.shriramlife.com. Just visit the website and download your policy document, brochure or product presentation easily. The documents are available on the plan page of Shriram Life Saral Jeevan Bima. You can also save the documents for your records and use them when needed.
FAQ's
Is Shriram Life Saral Jeevan Bima a good plan?
Shriram Life Saral Jeevan Bima is a straightforward term insurance plan that offers financial security to your family in your absence. The policy comes with easy-to-understand and simple features and terms and conditions. Furthermore, it provides flexibility to choose from a wide range of premium payment modes, policy terms and premium payment terms.
Should I buy the Jeevan Saral Plan?
The Jeevan Saral Plan is a simplified term insurance policy that aims to make insurance available to everyone. Anyone looking to secure the future of their parents, spouse or children can buy the Jeevan Saral Plan provided they meets the eligibility criteria.
Can I take a loan against the Shriram Life Saral Jeevan Bima plan?
You cannot take a loan against the Shriram Life Saral Jeevan Bima plan as it is a protection-oriented term insurance plan.
Does the Shriram Life Saral Jeevan Bima plan cover demise due to Covid-19?
The Shriram Life Saral Jeevan Bima plan does covers demise due to Covid-19. The death sum assured in the plan would be paid in such cases provided the demise occurs after the waiting period of 45 days.
What is the free-look period for Shriram Life Saral Jeevan Bima?
The free-look period refers to the period in which you can cancel the policy after buying it. Shriram Life Saral Jeevan Bima allows a free-look period of 15 days for policy cancellations. If you cancel the policy during the period, the premium will be refunded.
Testimonials
What our customers say about us
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