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HDFC Life Saral Jeevan Bima Insurance

HDFC Life Saral Jeevan Bima Insurance

Key features of HDFC Life Saral Jeevan Bima

Provides financial protection to your family in your absence
Single, Limited and Regular premium payment options to choose from
Additional protection through riders

Protect your loved ones by making an informed choice today by choosing HDFC Life Saral Jeevan Bima and secure your family’s future against any uncertainties tomorrow!

HDFC Life insurance review

Distribution - Number of branches pan India (March 2019)
412

Entry Age Minimum/Maximum (Years) - Term Plans
18/65

Sum Assured Minimum / Maximum - Term Plans
25 lacs / Unlimited

Policy Term Minimum / Maximum (Years) - Terms Plans
5/67

Solvency Ratio (FY 2018-19) *
1.88

Number of Policies Sold (Ind+Group) *
897,693

Number of Lives Covered (Ind+Group) **
61,258,962

Claims Settlement Ratio (Ind+Group) ***
99.29%

* - 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

HDFC Life Saral Jeevan Bima overview

Eligibility Criteria

Minimum

Maximum

Age at Entry

18 years

65 years

Maturity Age

23 years

70 years

Premium Payment Term And Policy Term

Premium Payment Mode	Minimum Policy Term	Maximum Policy Term
Single Pay, Regular Pay	5 years	40 years
Limited- 5 Pay	6 years	40 years
Limited-10 Pay	11 years	40 years

Sum Assured (only in multiples of 50,000)

5,00,000

There is no maximum limit. However, the acceptance of any case is subject to Board Approved Underwriting Policy (BAUP)

All ages are expressed as on last birthday. For all ages, risk commences from the date of inception of the contract

Brochure

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Policy wordings

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