Prices Increasing soon Prices Increasing Soon

Tata AIA Saral Jeevan Bima

Tata AIA Saral Jeevan Bima is a pure risk cover plan that provides large cover to people from all backgrounds at affordable premiums. The plan offers special premium rates for females, non-smokers, and healthy individuals. Let us take a look at the several features and benefits of the Tata AIA Saral Jeevan Bima plan.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

What is Tata AIA Saral Jeevan Bima?

Tata AIA Saral Jeevan Bima is a pure risk term insurance plan designed to fit the needs of low income individuals. With this Saral Jeevan Bima plan, you can secure the future of your loved ones at affordable premiums and ensure a large life cover in case of your unfortunate death during the policy term. 

What are the Key Features of Tata AIA Saral Jeevan Bima? 

Here is a list of key features of this Tata AIA Term Insurance Plan:

  • The plan offers large life cover at affordable premiums

  • You can get lower premium rates for female customers

  • The plan provides the option of choosing the suitable policy and premium payment term

  • You can enhance the base cover of the plan by adding suitable riders

  • You can claim tax benefits as per the prevailing tax laws

What are the Benefits of Tata AIA Saral Jeevan Bima? 

Let us take a look at the benefits of this Tata AIA Life insurance plan:

  1. Death Benefits

    The plan has a waiting period of 45 days, during which the insurer will cover only death due to accident. In case of death during the waiting period due to any other reason than accident, the nominee will receive 100% of the premiums paid instead of the sum assured. On death after the end of the waiting period, the insurer will pay the nominee the higher of the following as death benefit:

    • For limited and regular pay policies

      • 10X annualised premiums

      • 105% of the total paid premiums

      • Absolute assured amount to be paid on death

    • For single pay policies

      • 125% of the total paid premiums

      • Absolute assured amount to be paid on death

  2. Maturity Benefits

    There is no maturity benefit available under the plan.

  3. Survival Benefits

    There is no survival benefit available under the plan.

  4. Riders Benefits

    You can add the following riders to the base plan at nominal premiums

    • Accidental Death Benefit

    • Accidental Total Permanent Disability

  5. Tax Benefits

    You can claim term insurance tax benefits under sections 80C and 10(10D) of the Income Tax Act, 1961.

What is the Eligibility Criteria for Tata AIA Saral Jeevan Bima? 

Here are the eligibility criteria for the Tata AIA Saral Jeevan Bima plan:

Parameters Minimum Maximum
Entry Age 18 years 65 years
Maturity Age - 70 years
Base Sum Assured 5 Lacs 49.5 Lacs
Policy Term 5 years 40 years
Premium Payment Term Regular, limited, single pay
Premium Payment Modes Annual, half-yearly, monthly

* You can use the term insurance premium calculator to get an estimate of the premium you would need to pay for the desired life cover.

What are the Additional Details of Tata AIA Saral Jeevan Bima? 

  1. Preferential Premium Rates

    The plan offers different premium rates for non-smokers, females, and people leading a healthy lifestyle.

  2. Premium Payment Modes

    The policyholder can choose to pay the premiums in a single premium, monthly, yearly, or half-yearly premiums as per their convenience.

  3. Revival Benefits

    In case the policyholder is unable to pay the premium during the grace period, the policy will lapse, and the policy will no longer provide coverage. However, they can revive the policy within 5 years of the first unpaid premium before the maturity date.

  4. Policy Cancellation Value

    In case of cancelling the policy during the policy term, the policy cancellation payable will be as follows:

      • Regular Pay: No policy cancellation value payable

      • Limited Pay: If at least 2 years of premiums have been paid, then PCV at the earlier of the following will be paid:

        • Policyholder applying for policy cancellation value

        • End of revival period in case policy is not revived

        • On maturity date

    PCV = 70% x total premiums paid x remaining policy term / original policy term

    • Single Pay: PCV will be paid in case the policyholder applies for the same before the maturity date as per the following:

    PCV = 70% x single premium paid x remaining policy term / original policy term

  5. Grace Period

    The policy provides a grace period of 30 days for yearly and half-yearly premium payment modes and a period of 15 days for monthly premium payment modes.

  6. Free Look Period

    The plan offers a free look period of 15 days for offline policies and 30 days for online sourced policies. During this period, the policyholder can cancel the policy if unsatisfied with the policy’s terms and conditions. 

What are the Exclusions Under the Tata AIA Saral Jeevan Bima Plan? 

For Suicide: 

  1. For Limited/Regular Pay Policy

    80% of the total premiums paid will be returned to the nominee in case the policyholder commits suicide within 12 months of purchasing the policy.

  2. For Single Pay Policy

    90% of the total premiums paid will be returned to the nominee in case the policyholder commits suicide within 12 months of purchasing the policy.

Premium By Age

Term insurance articles

Recent Articles
Popular Articles
ABSLI  - Aditya Birla Sun Life Insurance Salaried Term Plan

06 Nov 2023

The Aditya Birla Sun Life Insurance (ABSLI) Salaried Term Plan
Read more
Term Insurance – A Long-Term Protection Plan for Your Children

03 Nov 2023

In this fast-paced and ever-evolving world, keeping your kids
Read more
Bajaj Allianz Term Insurance for NRI

03 Oct 2023

Today, many Indians live abroad, away from their family or loved
Read more
PNB MetLife Saral Jeevan Bima Review

07 Sep 2023

“I have opted for Term insurance plan of PNB MetLife. This is
Read more
Insurance Advisor: Your Smart Path to Protection with Policybazaar

17 Aug 2023

Insurance Advisors at Policybazaar are IRDAI certified experts
Read more
What Are The Medical Tests Done For Term Insurance
Term insurance offers a sum assured to the beneficiary of the policyholder upon their death that can help them
Read more
Best Term Insurance Companies in India 2023
Buying term insurance is a great way to protect your loved ones financially in the unfortunate event of your
Read more
Term Insurance for Women in India
Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and
Read more
LIC Term Insurance 1 Crore
LIC of India offers various plans to help you secure the financial future of your loved ones. In order to make
Read more
What Kind Of Deaths Are Not Covered In A Term Insurance Plan
A term insurance plan is the best way to ensure the financial well-being of your family members in case of any
Read more

View Plans
Download the Policybazaar app
to manage all your insurance needs.