Saral Jeevan Bima Yojana 2025 is a simple life insurance scheme started by the Insurance Regulatory and Development Authority of India (IRDAI) to make life insurance easier for everyone. Many people avoid buying life insurance because of complicated terms and conditions. Keeping this in mind, Saral Jeevan Bima offers straightforward insurance coverage with clear and simple rules.
About Saral Jeevan Bima Yojana 2025
Under this scheme, the insured amount ranges from ₹5,00,000 to ₹25,00,000. There are different premium options allowing you to choose based on your financial ability. The minimum age to buy this insurance is 18 years and the maximum age is 65 years. The policy’s maturity age is allowed up to 70 years. Premium payment options include regular premiums and limited premium payments for 5 or 10 years, as well as a single premium option.
After the policy starts, there is a 45-day waiting period during which the policy covers death only due to accidents. The policy term can range from 4 to 40 years.
Main Details of Saral Jeevan Bima Yojana
| Scheme Name | Saral Jeevan Bima Yojana |
| Launched By | Insurance Regulatory and Development Authority of India (IRDAI) |
| Beneficiaries | Citizens of India |
| Purpose | To provide simple and easy life insurance cover |
| Year | 2025 |
| Official Website | https://licindia.in/ |
Policy Term and Coverage
This plan is available for individuals aged 18 to 65 years, with policy terms from 4 to 40 years. The sum insured ranges between ₹5 lakhs and ₹25 lakhs. No maturity benefit is given under this plan. A 45-day waiting period applies when only death due to accident is covered. There is no claim for suicide. Any Indian citizen can buy this policy regardless of gender, place of residence, education, or religion.
Launch and Objective
IRDAI introduced Saral Jeevan Bima Yojana 2025 to encourage more people to buy life insurance by making it simple and affordable. Insurance companies are allowed to fix their own premium rates under this scheme. Its main goal is to increase life insurance coverage across the country.
If a policyholder dies during the policy term, the nominee receives the sum insured as financial support.
Simple Rules under Saral Jeevan Bima
Life today is busy and people don’t want to read long terms and conditions. This scheme keeps rules easy with no complicated conditions. Suicide is not covered. There are no restrictions on gender, residence, travel, job, or education to buy this insurance.
Purpose of Saral Jeevan Bima Yojana
This scheme aims to provide insurance to every citizen with simple terms and conditions. It helps families avoid money problems by giving financial help to nominees in case of the policyholder’s death.
Rashtriya Swasthya Bima Yojana
Benefits Offered by LIC Saral Jeevan Bima
- Death Benefit: If the policyholder dies during the policy period, the nominee receives the sum insured (which is 250 times the monthly premium) plus the first-year premium and any extra premiums paid, along with any loyalty additions.
- Maturity Benefit: On policy maturity, the policyholder gets the maturity sum insured (based on age and policy term) plus any loyalty additions.
- Tax Benefit: Premiums up to ₹1,50,000 per year paid under this plan are exempt from income tax under Section 80C. Death and maturity benefits are exempt under Section 10(10D).
Main Features and Benefits of Saral Jeevan Bima Yojana 2025
- Life cover ranging from ₹5 lakh to ₹25 lakh.
- Flexible premium rates set by insurance companies.
- Available for people aged 18 to 65 years, with policy maturity up to 70 years.
- Policy term from 4 to 40 years.
- 45-day waiting period where only accidental death is covered.
- Simple terms with no restrictions on gender, residence, profession, or education.
- No coverage for suicide.
- Launched by IRDAI and available from 1 January 2024 with all insurance companies.
Eligibility and Required Documents
- Applicant must be a permanent resident of India.
- Age between 18 and 65 years to apply.
- Aadhar Card
- Proof of residence.
- Passport-sized photograph.
- Active mobile number.
How to Apply Online for Saral Jeevan Bima Yojana
- Visit the official website of your insurance company, for example, LIC India.
- On the homepage, find and click on the insurance schemes section.
- Select the Saral Jeevan Bima Yojana link.
- Click on ‘Apply Now’ to open the application form.
- Fill in all the details carefully.
- Upload the required documents.
- Click on the submit button to complete your application.
How to Apply Offline for Saral Jeevan Bima Yojana
- Visit the office of the insurance company where you want to buy the policy.
- Get the Saral Jeevan Bima application form.
- Fill out the form carefully.
- Attach all the required documents.
- Submit the form at the insurance company’s office.
Saral Jeevan Bima Yojana 2025 makes life insurance easy and affordable for you. By knowing the simple terms and benefits, you can protect your family’s financial future with minimum hassle.