Does Bajaj Life Saral Jeevan Bima cover accidental death?

Yes, the policy provides accidental death coverage during the waiting period.

How does my nominee claim the death benefit?

The nominee needs to submit a death certificate, policy documents, and any required forms to the insurer. After verification, the payout is processed.

How much coverage should I get?

A good rule of thumb is to have coverage that is 10-15 times your annual income, but the exact amount depends on factors like debts, living expenses, and future financial goals.

Can I increase my coverage later?

Some insurers allow policyholders to enhance coverage at key life stages (marriage, childbirth) through step-up options. Otherwise, a new policy may be needed.

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Term Insurance

Bajaj Life Saral Jeevan Bima

Compare Bajaj Life Saral Jeevan Bima benefits, exclusions, ratings and related variants in one place.

4.32

Solvency

99.23%

ICR

18.38%

Growth

58,011.75

AUM

Policy Brochure

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Date of Birth

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Annual income

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Your occupation

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Smoker / Non Smoker

Yes

Our Verdict

Bajaj Life Saral Jeevan Bima Review: Our Verdict

Final Verdict

Bajaj Life Saral Jeevan Bima is ideal for individuals seeking a simple, no-frills life cover. It offers flexible premiums and accidental death coverage but lacks maturity benefits and riders. Best for first-time buyers, women, and non-smokers seeking affordable protection.

About

What Is Bajaj Life Saral Jeevan Bima?

Bajaj Life Saral Jeevan Bima is a pure risk life insurance plan providing financial security in case of the policyholder’s demise. It offers flexible premium payment options—single, limited (5/10 years), or regular pay—with a policy term of 5 to 40 years and a maximum maturity age of 70 years. The sum assured ranges from ₹5 lakh to ₹25 lakh. A 45-day waiting period applies, covering only accidental deaths initially. The plan has no maturity, surrender benefits, or riders, and female policyholders enjoy lower premiums.

About Company

About Bajaj Life Insurance Limited

Bajaj Life Insurance is a leading private life insurance company in India, formed as a joint venture between Bajaj Finserv Limited and founded in August 2001 in Pune headquarters. Known for its strong claim settlement ratio and innovative products, the company emphasizes customer-centric solutions with features like flexible premiums, rider options, and online services. Bajaj combines the financial expertise with the trust and legacy of Bajaj Group, making it a preferred choice for long-term financial security. The managing director and CEO of Bajaj Life is Mr Tarun Chugh.

Ratings

Bajaj Life Saral Jeevan Bima Rating

Insurer Rating

8.22

out of 10

Insurance Rating

4.33

out of 10

Layer 1

Lump Sum + Income Option

Waiver of Premium Rider

Online Purchase Available

Yes

Layer 2

Claim Process Simplicity

4/5

Premium Competitive

4/5

Claim Process Simplicity

4/5

Testimonials

Bajaj Life Insurance Limited Customer Testimonials

Customer feedback and experiences.

I want to sincerely thank Sunad for being there for me throughout the entire claim process. He helped me through so many ups and downs, always patient and ready to support when things got tough. I honestly don’t know how I would have managed without his guidance and encouragement. Sunad made a difficult situation feel a lot less stressful, and I’m truly grateful for his kindness and steadfast help.

Prashant Pandey

Had a great experience with them during a difficult time. After my mother’s accident, we had to pay the hospital bill upfront, as cashless wasn’t available. They guided us through the reimbursement process, helped file the claim, and consistently followed up with the insurer until it was settled. Their support with the post-hospitalization claim was equally prompt and thorough.

Jatin Gala

My heartfelt thanks to the OneAssure team for making my insurance claim process effortless. Right from the very first interaction, they demonstrated professionalism, clear communication, and an impressive command of the procedures involved. Their swift updates, timely guidance, and persistent follow-through removed all the stress from what could have been a complicated experience.

Anju Renjith

I am truly grateful for the support and guidance I received in settling my insurance claim. The entire process was handled with great professionalism, clarity, and efficiency. Their prompt response, deep knowledge of the procedures, and consistent follow-ups ensured a smooth and hassle-free experience.Thank you once again for your invaluable help, highly recommended!

Yogesh Meena

I recently had the pleasure of purchasing health insurance for my parents through this company, and my experience has been exceptional...The team was incredibly patient and took the time to explain every detail to me. No matter how many times I asked questions, they were always calm and thorough in their explanations. Their professionalism and dedication made a significant difference in helping me make an informed decision.

Akash Kumar

OneAssure helped me understand my needs and choose a product that was right for me. There was no pressure tactics or mis-selling. This experience was respectful, informed, and completely stress-free.

Shreya Goyal

Have been associated with Ruchir and his team… They have provided me excellent guidance in choosing the right plans for myself and my family…always been available to assist with any insurance/claim queries.

Nakul N

Had a great experience with OneAssure during my insurance claim process. A special shoutout to Sunad Raj for his exceptional support, he was professional, responsive, and guided me every step of the way. Thanks to his consistent follow-ups and clear guidance, the entire claim settlement was smooth and hassle-free. Highly recommend OneAssure for their service and transparency!

Sanjay Dakalia

The team is very professional and prompt. I would have all my health and life insurance needs met through them.

Harish Jindal

Very professional service from Ruchir & Aman. They were recommended by a friend who had a positive experience with them. I have taken both health and life policies through them and they have advised me well throughout the process and found the best options available in the market. I had a medical condition due to which it was difficult to find a suitable health policy in the market, however this team was able to find one for me. I would recommend their services to anyone looking to buy health or life insurance.

Siddhartha Saha

Wonderful experience with Prost. Right from suggesting the insurance products to claim process the entire experience hai been seamless. They do not mis-sell and are very transparent. Sundar Raj from the team has been wonderful and ensured prompt guidance. All the best Ruchir and keep up the good work!

Adarsh Ravindranathan

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Inclusions and Exclusions

Bajaj Life Saral Jeevan Bima Inclusions and Exclusions

Premium Payment Customizations

Single Premium; Limited Premium for 5 years or 10 years
Regular Premium Premium payment modes Single/Yearly/Half yearly, Monthly Monthly is available only under ECS/NACH

Total Permanent Disability Payout

The plan does not include a separate payout specifically for Total and Permanent Disability (TPD).

Death benefit

The Bajaj Life Saral Jeevan Bima plan provides a death benefit where the nominee receives the sum assured in case of the policyholder’s demise during the policy term, ensuring financial security for their family.

Exclusions

If the life assured commits suicide within 12 months from the policy commencement or revival, the policy becomes void.
For regular/limited premium policies, 80% of the premiums paid (excluding extra premiums, taxes, and rider premiums) will be refunded.
For single premium policies, 90% of the single premium paid (excluding extra premiums, taxes, and rider premiums) will be refunded.
No benefit is payable in case of death due to participation in hazardous activities, war, or involvement in illegal acts.
Death due to intoxication, drug abuse, or self-inflicted injury is not covered.

Add ons

Bajaj Life Saral Jeevan Bima Add-Ons and Riders

Lack of riders

Bajaj Life Saral Jeevan Bima Related Variants

LIC Saral Jeevan Bima

Bharti AXA Saral Jeevan Bima

Future Generali Saral Jeevan Bima

Claim Process

Bajaj Life Saral Jeevan Bima Claim Settlement Process

Steps and flow followed by the insurer.

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Bajaj Life Saral Jeevan Bima Insurance Premium Calculator

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How to Buy

How to Buy Bajaj Life Saral Jeevan Bima

Purchase flow from OneAssure.

Things to Remember

Keep KYC documents and nominee details ready before purchase.

Renewal

Bajaj Life Saral Jeevan Bima Renewal

Renewal steps and key points.

FAQs

Bajaj Life Saral Jeevan Bima FAQs

Got questions about Bajaj Life Saral Jeevan Bima? You’re not alone. Here are some of the most commonly asked questions to help you understand this term life plan, coverage, claims, and benefits better.