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Saral Jeevan Bima
October 19 , 2020
1417 days
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- It is unveiled by the Insurance Regulatory and Development Authority (IRDAI).
- This is a standard individual term life insurance product.
- This will help customers make an informed choice and reduce mis-selling.
- The minimum sum assured is kept at Rs 5 lakh while the maximum cover can be for Rs 25 lakh.
- Anyone between 18 and 65 years of age can buy the plan.
- For the first-time buyers of life insurance, the plan will be a boon since the product is the same regardless of the insurance company offering it.
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