Tata AIA Life Insurance Saral Jeevan Bima Term Plan

Tata AIA Life Insurance Saral Jeevan Bima is a standard term plan for everyone with easy-to-understand terms and conditions. It is a non-linked, non-participating term insurance plan ensuring complete protection to your family in your absence. It’s a simple and affordable solution catering to your family’s financial needs in your absence.

Tata AIA Life Insurance Saral Jeevan Bima Features 

  • Tata AIA Life Insurance Saral Jeevan Bima is an affordable pure protection plan offering complete security to your loved ones in your absence.
  • This simple term plan gives you the flexibility to choose your preferred policy term and premium paying term.
  • The minimum entry age is 18 years, and the maximum is 65 years.
  • The maximum maturity age is 70 years.
  • The policy term ranges between 5 – 40 years, subject to maximum maturity age.
  • It offers lower premiums for female policy buyers.
  • It comes with the option to opt for optional riders to enhance your policy coverage.
  • The policy does not provide any maturity benefit, survival benefit, and surrender benefit.
  • Tax benefits are applicable as per the prevailing laws of the Income Tax Act.

 

What will my family receive if I am not around anymore?

On the life assured’s death during the policy term, the nominee of the policy will receive the sum assured in a lump sum, which shall be: 

In the case of Regular & Limited Premium payment policies, the highest of

  • 10 times the Annualized premium
  • 105% of all premiums paid as on the date of death
  • Absolute amount assured+ to be paid on death

 

In the case of Single premium policies, it is Higher of

  • 125% of Single premium
  • Absolute amount assured+ to be paid on death

 

Upon the payment of death benefit, the policy terminates, and no further benefits are payable.

Why should you choose the Tata AIA Life Insurance Saral Jeevan Bima?

  • To ensure your family’s financial protection in your absence.
  • To avail the benefits of a simple term plan that fits in your budget.
  • To choose the right policy term and premium payment option as per your convenience and affordability. 
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