LIC Saral Jeevan Bima
A standard individual term life insurance plan with features prescribed by IRDAI.
Overview
Saral Jeevan Bima is a standardised individual term life insurance product whose structure follows IRDAI guidelines, offered by LIC of India among other insurers. Refer to the official brochure for eligibility and premium details.
Key features
- Pure life cover for the chosen policy term
- No maturity benefit, as is standard for term plans
- Benefit and premium details defined in the official LIC brochure
Eligibility
- Entry age, maturity age, minimum and maximum sum assured and policy term limits are prescribed by LIC in the official brochure
- Eligibility is subject to underwriting and the insurer's current rules
- Speak to the advisor for a personalised eligibility check
Benefits
- Death benefit as defined in the official policy conditions
- Maturity or survival benefit where applicable to this plan type
- Tax treatment depends on prevailing law and individual circumstances — confirm independently
Policy term & premium payment
- Policy term
- As specified in the official LIC brochure
- Premium frequency
- Yearly / Half-yearly / Monthly (as permitted by LIC)
Who may consider this plan
People who want a simple, standardised term cover.
Important notes
Standard product features are prescribed by the regulator; insurer-specific rates apply.
This page describes the plan type as published by LIC of India and does not reproduce or estimate premium rates, bonus rates, returns or guarantees. Refer to the official LIC brochure and policy document before purchase. Official source: LIC of India. Verification against the official brochure is carried out by the advisor at the time of enquiry.