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IndiaFirst Saral Jeevan Bima Insurance

IndiaFirst Life Saral Jeevan Bima Insurance

In late years, it has been seen that there is an increment in the inclination of the clients with regards to the unadulterated term extra security items. Remembering the developing interest, inventive assurance items have been presented by the existence guarantors with various highlights, benefits, riders, choices, thus forth.

IndiaFirst Life insurance review

Distribution - Number of branches pan India (March 2019)
29

Entry Age Minimum/Maximum (Years) - Term Plans
18/60

Sum Assured Minimum / Maximum - Term Plans
1 lac / 50 crs

Policy Term Minimum / Maximum (Years) - Terms Plans
5/40

Solvency Ratio (FY 2018-19) *
1.74

Number of Policies Sold (Ind+Group) *
50,359

Number of Lives Covered (Ind+Group) **
50,438

Claims Settlement Ratio (Ind+Group) ***
94.23%

* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20 | *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

IndiaFirst Life Saral Jeevan Bima Insurance Overview

Key Benefits
Eligibility

Key Benefits of IndiaFirst Life Saral Jeevan Bima Insurance

Get financial protection for your family with life cover at an affordable cost.
Safeguard your loved ones up to a policy term of 40 years.
Ensure you are sufficiently covered as you get coverage of up to 50 lacs.
Pay premiums as per your convenience; once, for a limited duration or regularly.

Eligibility Criteria of IndiaFirst Life Saral Jeevan Bima Insurance

Parameters	Minimum	Maximum
Entry Age (as on last birthday)	18 years	6 years
Age at maturity (as on last birthday)	23 years	70 years
Basic Sum Assured (INR)	5,00,000	50,00,000 subject to Board approved underwriting policy (BAUP)
Premium (INR) Yearly	1,300	3,18,000

Brochure

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Policy wordings

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Saral Jeevan Bima

CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025