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SUD Life Saral Jeevan Bima


Get Lump Sum Amount on Death

Flexibility to choose policy premium payment term from single pay, regular pay, 5 & 10 pay

Secure your loved ones with SUD Life Saral Jeevan Bima by simply paying
Life Cover
L Till
*Name as per ID proof like Aadhar,PAN etc
Male Female
Post Graduate Graduate Diploma 12th Passed 10th Passed Below 10th Std Uneducated
Private Sector Service Public Sector Service Government Service Business - Proprietor Partnership Professional Self Employed

Key benefits of SUD Life Saral Jeevan Bima

Life Cover

Minimum : 5 Lakhs Maximum : 25 Lakhs

Policy Term

5 to 40 Years

Entry Age

18 to 65 years

Max Maturity Age

70 years

Premium Payment Term

Single | Regular Pay | 5 pay & 10 pay

Why Choose SUD Life

21,613 Cr

Assets Under Management
as on Sep’23

11,300+ Cr

Benefits Paid till

2.90 Days

Average claim settlement

How does the plan work?

Benefits explained with Example:

Mr. Anish is 28 years old man. He opts for SUD Life Saral Jeevan Bima plan for Sum Assured of 5 Lakhs, Policy Term of 10 years, Premium Payment Term of 5 years and annual premium payment mode.

The premium payable by him will be 1,845 p.a. for 5 years.

This plan will provide him death benefit cover of 5 Lakhs during the policy term of 10 years i.e. in case of his unfortunate death during the policy term, his nominee/beneficiary with receive the death benefit of 5 Lakhs and his policy will terminate.

Waiting Period of 45 days is applicable from the commencement of risk. The product covers death due to accident only during the waiting period. In case of death due to cause other accident during this period, an amount equal to 100% of all premiums received excluding taxes, if any, shall be paid and the Sum Assured on Death shall not be paid. For complete details, kindly refer to the product brochure.

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Need help?

Our experts are happy to answer any questions you may have.

Call us at

1800 266 8833

Call centre hours -

Monday to Saturday
09:00 AM to 07:00 PM

Frequently asked questions

What are the benefits available under SUD Life Saral Jeevan Bima?

Saral Jeevan Bima is a pure term plan where the benefit is payable only on death of the policy holder and does not have any other benefits.

What is the maximum policy term in Saral Jeevan Bima?

The maximum policy term in Saral Jeevan Bima is 40 years, subject to maximum maturity age of 70 years of the policy holder.

Is there any waiting period for Saral Jeevan Bima?

Yes, there is a waiting period of 45 days, from the commencement of risk.

What is the Death benefit payable in case the customer dies during the waiting period?

In case of death due to accident of the policy holder during the waiting period, death benefit (sum assured) as per the plan is paid to the nominee.
In case of death due to any cause other than accident, 100% of all premiums paid (excluding taxes) are returned to the nominee.

What is the minimum and maximum Sum Assured in Saral Jeevan Bima?

The minimum and maximum Sum Assured is Rs. 5 Lakhs and Rs. 25 Lakhs respectively.

What is the minimum and maximum entry age in Saral Jeevan Bima?

The minimum and maximum entry age is 18 and 65 years respectively.

What is the Death Benefit in Saral Jeevan Bima?

In case of Regular / Limited Pay: Death Benefit = Highest of

  • - 10 times of Annualized Premium or
  • - 105% of all the Total Premiums Paid* as on date of death of the life assured
  • - Absolute sum assured to be paid on death (i.e. Sum Assured)

In case of Single Premium: Death Benefit = Highest of

  • - 125% of Single Premium or
  • - Absolute SA to be paid on death (i.e. Sum Assured)
Does this policy provide any tax benefits?

Yes. This policy provides Income Tax benefits under Section 80(C) and 10(10D) of the Income Tax Act, 1961, subject to conditions stipulated therein. We recommend you consult your tax advisor for details.

What benefit customer will get at the end of policy term?

Saral Jeevan Bima is a pure term plan and comes only with death benefit.
In case of death of the policy holder, during the policy term, death benefit (Sum assured) is paid to the nominee and the policy is terminated.

Is there Loan option in this plan?

No, Saral Jeevan Bima does not have Loan option.

Terms and Conditions

SUD Life Saral Jeevan Bima l UIN: 142N079V01 l Non-linked Non-Participating Individual Pure Risk Premium Life Insurance Plan

Star Union Dai-ichi Life Insurance Company Limited | IRDAI Regn. No: 142 | CIN: U66010MH2007PLC174472

Registered Office: 11th Floor, Vishwaroop I.T. Park, Plot No. 34, 35 & 38, Sector 30A of IIP, Vashi, Navi Mumbai-400 703 | Contact No: 1800 266 8833 (Toll Free) | Timing: 9:00 am - 7:00 pm (Mon - Sat) | Email ID: | Visit: | For more details on risk factors, terms and conditions, please refer to the sales brochure carefully, before concluding the sale. Trade-logo displayed belongs to M/s Bank of India, M/s Union Bank of India and M/s Dai-ichi Life Holding Inc. and are being used by Star Union Dai-ichi Life Insurance Co. Ltd. under license.

Beware of Spurious/Fraud Phone calls - IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.