SBI Life Saral Jeevan Bima

SBI Life Saral Jeevan Bima is a standardized term insurance plan introduced as per IRDAI guidelines to make life insurance simple, transparent, and easily understandable for everyone. This plan offers pure life protection without complex conditions or confusing features.

Saral Jeevan Bima is designed especially for first-time insurance buyers, individuals looking for basic protection, and families who want affordable life cover with clearly defined benefits.

Many people delay buying insurance due to complexity or lack of clarity. Saral Jeevan Bima removes this barrier by offering a straightforward plan where the benefits, premium, and coverage are clearly defined from day one.

• Standardized term plan approved by IRDAI
• Simple policy structure with fixed benefits
• Affordable premiums for basic life protection
• Multiple premium payment frequencies
• Death benefit payable as lump sum

Premiums under SBI Life Saral Jeevan Bima are fixed and standardized. The premium depends mainly on age, policy term, and chosen sum assured. Since the plan is simple, there are no complex premium variations.

In the event of death during the policy term, the nominee receives ₹10 Lakhs as a lump-sum amount to manage household expenses and short-term financial needs.

This coverage ensures that the family has financial support to manage daily expenses and financial responsibilities.

• No maturity benefit if the policyholder survives the term
• Simple death benefit payout structure
• Limited maximum sum assured
• Ideal for basic protection needs

• First-time insurance buyers
• Individuals with limited budgets
• People seeking simple and transparent coverage
• Families needing basic financial protection

SBI Life Saral Jeevan Bima is a straightforward and reliable term insurance plan that fulfills the core purpose of insurance—financial protection. With simple rules, affordable premiums, and standardized benefits, it is an ideal starting point for anyone entering the world of life insurance.