HDFC Life Saral Jeevan Bima: Benefits & Features | PolicyX
HDFC Term Insurance HDFC Term Insurance ★ 4.6

HDFC Life Saral Jeevan Bima

HDFC Life Saral Jeevan Bima helps you protect your loved ones through ...Read More

🛡️ IRDAI Approved
4.6/5 · 924 reviews
📊 1.94 solvency ratio
99.68%% claim settlement ratio
🌐 450++ pan-India

About HDFC Life Saral Jeevan Bima

A quick read on what this HDFC Term Insurance term plan covers and why it might be a fit for you.

HDFC Life Saral Jeevan Bima is a non-linked, non-participating plan with standardized IRDAI-approved features, making it simple, transparent, and easy to understand, especially for first-time buyers. It offers comprehensive protection at an affordable price, including two accidental death rider options.

HDFC Saral Jeevan Bima Plan offers a range of benefits, including:

  • Death Benefits
  • Flexible premium payment terms
  • Rider Benefits
  • Multiple Payout Options
  • Online Discounts
  • Plan flexibility

Eligibility Criteria for HDFC Life Saral Jeevan Bima

Entry age
Entry age
Minimum Age - 18 years Maximum Age - 65 years
Maturity age
Maturity age
Maximum Maturity Age - 70 years
Policy term
Policy term
Minimum term - 10 years Maximum term - 50 years
Sum assured
Sum assured
Basic Sum Assured: ₹50,000 to no limit.
Policy loan
Policy loan
The policy loan is not available under HDFC Life Saral Jeevan Bima Plan.
Payment Modes
Payment Modes
The plan includes a waiting period of 45 days from the date of policy commencement. This waiting period is not applicable in case of policy revival.

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • <ul> <li>Discount on Higher Premiums</li> </ul>

Cons

  • <ul> <li>No Alterations Allowed</li> <li>No Death Benefit on Income Payout</li> <li>Advance premiums required for monthly payment mode.</li> </ul>

Video reviews

Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.

HDFC Term Insurance Plans

HDFC Term Insurance Plans

The term plans offered by HDFC Life offer high coverage at low premiums making it affordable and accessible to all. HDFC Term Insurance offers an economical way of securing your family after you.

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Minimum Entry Age: 30 Days
Maximum Entry Age: 65 Years
Minimum Sum Assured: ₹5 Lakhs
Maximum Maturity Age: 85 Years
Premium Payment Term: Regular Pay / Single Pay

Waiting Period for HDFC Saral Jeevan Bima Plan

The HDFC Saral Jeevan Bima Plan has a waiting period of 45 days from the date of policy commencement. This waiting period is not applicable if the policy is revived.

How to Calculate Premiums for HDFC Life Saral Jeevan Bima Plan

Premiums for HDFC Life Saral Jeevan Bima Plan are calculated based on factors such as age, sum assured, policy term, and premium payment frequency. For an accurate premium calculation, please use the online premium calculator available on PolicyX.com.

Features of HDFC Life Saral Jeevan Bima

Key features that make HDFC Life Saral Jeevan Bima stand out.

Multiple Rider Options

Policyholders can choose from two rider options: HDFC Income Benefit on Accidental Disability Rider and HDFC Life Protect Plus Rider, offering protection against disability or permanent disability.

Affordable Premiums

Under the HDFC Saral Jeevan Bima plan, the benefit of high cover is offered at affordable prices.

Flexible Payout Options

Under HDFC Life Saral Jeevan Bima plan, policyholders get the choice of three premium payment options: single, limited, and regular, based on their family’s requirements.

Benefits of HDFC Life Saral Jeevan Bima

Here are the key benefits of the HDFC Life Saral Jeevan Bima.

Information regarding specific documents required for this plan is currently not available on this page.

Exclusions of HDFC Life Saral Jeevan Bima Plan

Here is the list of exclusions associated with the plan:

  • Suicide within 12 months of policy purchase is not covered.
  • Death due to consumption of intoxicants.
  • Death due to injuries or illnesses from adventure sports.
  • Death due to aviation accidents.
  • Death due to any unmentioned pre-existing disease.

Conclusion

HDFC Saral Jeevan Bima Plan is a pure protection plan offering life cover up to 70 years of age. It protects against unfortunate death during the policy term and provides additional options like riders and multiple payout options. For more details or to buy the plan, visit policyx.com or call us at 1800-4200-269.

Conclusion

HDFC Saral Jeevan Bima Plan is a pure protection plan that allows you to stay protected with a life

HDFC Life Saral Jeevan Bima: FAQs

The 8 most-asked questions about HDFC Life Saral Jeevan Bima, answered.

The grace period for HDFC Life Saral Jeevan Bima plan’s monthly frequency is 15 days from the premium due date.
The free look period for HDFC Life Saral Jeevan Bima plan is 15 days from the date of buying the plan.
The waiting period for HDFC Life Saral Jeevan Bima plan is 45 days.
In case if the policy lapses, he/she can revive the policy within 5 years from the last unpaid due date, only the condition is the policy term has not expired. You will have to pay all unpaid premiums without any interest.
The minimum sum insured for HDFC Life Saral Jeevan Bima plan is Rs 5 lakh and there is no limit for maximum sum insured.
HDFC Life Saral Jeevan is a basic term insurance plan that offers death benefit, optional riders, flexible premiums, and COVID-19 cover.
The minimum maturity age for HDFC Life Saral Jeevan Bima is 23 years, while the maximum maturity age is 70 years.
HDFC Saral Jeevan Bima is a simple ₹35 lakh term plan for all incomes, with no income proof required, while HDFC Term Insurance offers more customizable coverage with income-based eligibility.

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Compare Term Insurance Companies

Pick any two insurers to see a detailed side-by-side comparison.

Other Term Insurance Companies

Compare HDFC Term Insurance term plans with other top insurers in India.

Share your Valuable Feedback

Rating Icon 4.6

Rated by 913 customers

Was the Information Helpful?

Select Your Rating

We would like to hear from you

Let us know about your experience or any feedback that might help us serve you better in future.

Reviews and Ratings

Do you have any thoughts you'd like to share?

📞 Call Free