Claim Settlement Ratio of 99.23%~

Close Button Close Button
X
NRI Services Helpline

Calling FromPhone Number (Toll Free)
AUSTRALIA80037371371
CANADA
HONG KONG
ISRAEL
MALAYSIA
NEW ZEALAND
PHILIPPINES
SINGAPORE
THAILAND
UNITED KINGDOM
BRUNEI8014605
INDONESIA0018030160202
JORDAN080023194
OMAN80074363
TURKEY00800142030059
VIETNAM1800400070
UNITED STATES18339680951
Calling us from INDIA18002097272
Rest of the World+912067871700
(Call charges apply)

Bajaj Allianz Life Saral Jeevan Bima

A Non-Linked, Non-Participating, Individual Pure Risk Premium Life Insurance Plan

Life Cover
Life cover up to a term of 40 years
High Sum Assured Rebate*
Female Life Rebate##
calender_icon

Are you an NRI?

Select Country
  • Australia
  • Austria
  • Belgium
  • Canada
  • Czech Republic
  • Denmark
  • England
  • Finland
  • France
  • Germany
  • Greece
  • Greenland (Denmark)
  • Holland
  • Hong Kong
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Japan
  • Kingdom of Bahrain
  • Kuwait
  • Luxembourg
  • Mauritius
  • Netherlands
  • New Zealand
  • Northern Ireland (UK)
  • Norway
  • Oman
  • Poland
  • Portugal
  • Qatar
  • Romania
  • Saudi Arabia
  • Scotland
  • Singapore
  • Slovenia
  • South Korea
  • Spain
  • Sweden
  • Switzerland
  • United Arab Emirates
  • United Kingdom
  • USA
  • Vatican City
  • Wales (UK)
I agree and consent to the Terms & Conditions, Privacy Policy

Gender

Tobacco/Nicotine

Are You diabetic?

I agree and consent to the Terms & Conditions, Privacy Policy
Close Button

Thank you for sharing your details. Our executive will get in touch with you shortly!

  • Overview

  • Key Advantages

  • How this works

  • Eligibility

  • Downloads

  • Policy Benefits

When it comes to shielding your financial and life goals from future uncertainties, a simple plan is a good way to approach it. That is why when it is about protecting your family and their future, pure life cover is what you need.

Bajaj Allianz Life Saral Jeevan Bima, a non linked, non-participating, individual pure risk premium life insurance plan, is such an offering. This term policy offers up to Rs 25 lakh life cover for a maximum period of 40 years so that you can live your life without a thought about the financial safety of your family after you.

Close Button

Life Cover:

The term insurance plan offers life cover to protect your family in case of an unfortunate event of your death.

Multiple Premium Paying Terms:

The term plan offers single, limited (5 and 10 years) and regular premium paying terms to help you opt for an option in line with your particular needs.

Life Cover up to a term of 40 years

The term plan offers life cover for up to 40 years

Multiple Premium Paying Frequencies:

One can pay Single premium or Regular/Limited premiums on a monthly, half-yearly, or on yearly basis.

High Sum Assured Rebate:

The term insurance plan offers a rebate in premium for every additional Rs 1 lakh increase in Sum Assured above Rs 5 Lakhs.

Female Life Rebate:

The premium rate applicable to female life is based on the premium rate of 3 years younger male.

Tax Benefits:

As per applicable tax laws as amended from time to time. You are requested to consult your tax consultant and obtain independent advice for eligibility and before claiming any benefit under the policy.

Close Button
Serial Number-1

Choose your Sum Assured

Serial Number-2

Choose your Policy Term

Serial Number-3

Choose your Premium Payment Term

Serial Number-4

Choose your Mode of Premium payment

Your premium will be based on your age, gender, and the above details.

Close Button

Entry Age

Plus Symbol

Minimum age is 18 years

Maximum age is 65 years

For Policies sourced through POS channel, the minimum and maximum entry age will be as per the POS Guidelines as amended from time to time.

Maturity Age

Plus Symbol

Maximum Maturity Age

70 years

For Policies sourced through POS channel, the maximum maturity age will be as per the POS Guidelines as amended from time to time.

Sum Assured

Plus Symbol

Minimum Sum Assured

5 lakhs

Maximum Sum Assured

25 lakhs

Policy Term

Plus Symbol

Minimum Policy Term

5 years

Maximum Policy Term

40 years

Premium Payment options

Plus Symbol

- Single Premium

- Limited Premium for 5 years or 10 years

- Regular Premium

Premium Payment Modes

Plus Symbol

Single/Yearly/Half yearly, Monthly

Monthly is available only under ECS/NACH

Close Button

Brochure

Download

Policy Document

Download
Customer Information Sheet
Download
Serial Number-1

Death Benefit

"This Policy will cover death due to accident only during the waiting period of 45 days from the date of commencement of risk. In case of death of the Life Assured other than due to accident during the waiting period, an amount equal to 100% of all premiums2 received excluding taxes4, if any, shall be paid and the Sum Assured shall not be paid."

On death of the Life Assured, provided the policy is in force, the death benefit payable to the nominee would be as follows:

Premium payment type

Death benefit

Limited premium/Regular premium

Death benefit equal to Sum Assured on death which is the highest of:

  • 10 times the Annualized premium1, or
  • 105% of all premiums2 paid as on date of death, or
  • Absolute amount assured to be paid on death3

  •  

Single premium

Death benefit equal to Sum Assured on death which is the higher of:

  • 125% of Single premium2, or
  • Absolute amount assured to be paid on death3

  •  

The death benefit mentioned above would be payable as a lump sum and would be applicable in case of:

  • - Accidental Death of the Life Assured during the Waiting period; or
  • - Death of the Life Assured due to any reason after expiry of the Waiting period

Note:

1Annualized premium shall be the premium amount payable in a year excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums.

2Total premiums paid means means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly

3Absolute amount assured to be paid on death shall be an amount equal to Basic Sum Assured

4Tax(es) refers to GST/any other applicable tax levied, subject to changes in tax laws.

Serial Number-2

Maturity Benefit

No maturity benefit is payable under this policy.

Close Button

Why Bajaj Allianz Life Insurance ?

99.29%
Claim Settlement Ratio~
1 Day
Claim Approval%
AAA
CARE Stable Rating$
₹1,23,734 Cr
Assets Under Management (AUM)**
3.85 Cr
Number of Lives Covered#
359%
Solvency Ratio of 359%^

Disclaimer:~Individual Death Claim Settlement Ratio for FY 2024-2025 | %96.70% of non-investigative individual claims approved in one working day for FY 2023-24. 1 day is counted from date of intimation of claim before 3 PM on a working day (excluding Non-NAV days for ULIP) at Bajaj Allianz Life offices | $For details refer to press release published by CARE | **All figures as on 31 March, 2025 | ^Solvency ratio 359% as at 31 March 2025 against IRDAI mandated 150% | #Individual & Group as on 31 March, 2025

dot-image
Need Assistance

For all your needs, we're here with expert assistance

576 Branches
PAN India Service
1,60,013
Insurance Consultants
Have Us Call You
I agree and consent to the Terms & Conditions and the Privacy Policy

Customer Reviews

Customer Rating
4.3
4.3
Reviews by 3124 customers
Rate & Review

(Rate your experience on the website)

Please select the rating to proceed

Tell us how was your experience ?

1. Easily found what I needed

2. Information provided are clear and easy to understand

3. Look and feel of the website is attractive

4. Easy to download all relevant documents

5. User friendly website

6. Write Your Review

500 characters remaining
I agree and consent to the Terms & Conditions, Privacy Policy
×

Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

Please refer to BALIC Privacy Policy

Thank You.

Your review has been submitted successfully.

Go Back

Customer Speaks

Happy with the services
I have invested in various products of Bajaj Allianz Life Insurance - I am happy with the services, returns and diversified product portfolio.
Rashmi Bhavnani
5
Satisfied, Trust
I am a happy customer who is satisfied with the after sales service. I have full trust in Bajaj Allianz Life Insurance Company.
Shrikant A Karande
5
Happy with the returns
I was introduced by my advisor to invest in Bajaj Allianz Life Insurance .I have invested in the same and am happy with the returns and services.
Kavita Goplani
5
Very Happy
I am a 7 year old customer of Bajaj Allianz Life Insurance and very happy about the services.
Dhruv Soni
5

Life Insurance Guide

  • Articles

  • Calculators

  • Podcasts

  • Videos

Search Symbol
Benefits of Term Insurance

Term Insurance Benefits and Things To Consider Before Buying a Term Insurance Plan

Safety is an important consideration for all of us. For instance, when we are driving, we make sure that we have our seatbelts on for our safety.

Ideal Tenure & Cover For Term Insurance Plan

Term Insurance: How Much Should You Be Insured For And For How Long?

A term insurance policy is a protection-oriented life insurance plan. It covers the risk of premature demise and pays a death benefit if the life-assured passes away.

Underinsurance Calculator

Underinsurance Calculator

With the Underinsurance Calculator, check if your Life Cover is atleast 10x of your Annual Income.

Fixed Deposit Calculator

Answer a few easy questions to calculate your Fixed Deposit Returns.

NPS Calculator

Calculate your NPS returns effortlessly with our simple to use NPS Calculator.

SIP Calculator

Plan your investments effortlessly and achieve your financial goals with our easy-to-use SIP Calculator.

Retirement Preparedness Score Calculator

Retirement Preparedness Score Calculator

Answer a few simple questions to know how prepared you are for your retirement.

Life Goal Calculator

Answer a few simple questions to know the corpus required to fulfil your Life Goal.

Child Education Planning Tool

A simple to use and comprehensive tool to plan for your child's education.

Term Insurance Calculator

An easy to use Term Insurance calculator to determine the right life cover amount as per your needs.

Savings to Life Goals Convertor

Use this calculator to know how savings from regular expenses can help you achieve your Life Goals.

Financial Fitness Calculator

Get to know your Financial Fitness Score by answering few simple questions.

Immunity Score Calculator

Use our immunity calculator to find out your immunity score in just a few clicks!

ULIP Calculator

Know the amount to invest today to have the corpus to accomplish your Life Goals tomorrow.

Power of Compounding Calculator

Get an estimate of how much your investment will grow over a period of time.

Income Tax Calculator

Know your income tax based on the taxable income and explore Life Insurance plans to save more tax.

Child Plan Calculator

A simple to use calculator that helps you plan for fulfilling your Child's Life Goals.

Retirement Calculator

Calculate the amount you need to invest today to accomplish your retirement life goals.

Investment Calculator

Answer a few simple questions to know estimated corpus you will have to fulfil your Life Goals.

Body Mass Index (BMI) Calculator

Body Mass Index (BMI) is a measure to understand whether your body weight is healthy as per your height.

How to Retire Rich

ft. Mr. Sameer Joshi, Chief Agency Officer, discussing how to manage finances for financial freedom.

Decoding Union Budget FY24

Mr. Sampath Reddy, Chief Investment Officer, shares his views on the Union Budget 2023.

Will Writing Simplified

Mr. Dheeraj Sehgal, CDO – IB & Mr. Jatin Popat, WillJini discuss Will Writing & Succession Planning.

Buidling Wealth with SISO

ft. Mr. Ajay Rajvanshi, Sr. EVP, as he shares his views on building wealth with SISO.

NRIs and Investment in India

Mr. Rajesh Krishnan, COO, discusses immense investment potential of India for NRIs.

Life Insurance Made Easy | Nominee

This video explores life insurance policy nominations, empowering informed decisions for securing your family's future

Life Insurance Made Easy | Autopay

Know how Autopay simplifies the premium-paying process by eliminating the need for manual payments

Life Insurance Made Easy | Policy Admin Charges

Explore the management of life insurance processes with Policy Administration Charge in this video

Life Insurance Made Easy | Endowment

Wondering about combining life insurance and long-term savings? Explore Endowment Plan benefits and suitability here

Life Insurance Made Easy | Waiver of Premium

Discover how the waiver of premium provision can protect you from financial burdens in times of Death, critical illness or disability

Life Insurance Made Easy | Solvency Ratio

Discover the importance of solvency ratio for insurance companies and its implications in this insightful video

Close Button
Disclaimers:
Plus Symbol
Minus Symbol

*HSAR – High Sum Assured Rebate is subject to policy terms and conditions

##Premium rate applicable to female life will be based on the premium rate of 3 years younger male  

*As on 31st March, 2024

Call to Buy Symbol

Call to Buy

1800-209-4040

X
Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

X
Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

 

Please refer to BALIC Privacy Policy

X
Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any call made, SMS or WhatsApp sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business.

Please refer to BALIC privacy policy

X
Terms & Conditions

I hereby authorize Bajaj Allianz Life Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) or on National Do Not Call Registry (NDNC), any Call made, including via Voice over Internet Protocol & WhatsApp, SMS or WhatsApp messages, in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business

X

Price Increasing Soon!*

16% Discount on 1st Year Premium3

Lowest Price Guaranteed#

calendar_icon

Are you an NRI?

Select Country
  • Australia
  • Austria
  • Belgium
  • Canada
  • Czech Republic
  • Denmark
  • England
  • Finland
  • France
  • Germany
  • Greece
  • Greenland (Denmark)
  • Holland
  • Hong Kong
  • Hungary
  • Iceland
  • Ireland
  • Italy
  • Japan
  • Kingdom of Bahrain
  • Kuwait
  • Luxembourg
  • Mauritius
  • Netherlands
  • New Zealand
  • Northern Ireland (UK)
  • Norway
  • Oman
  • Poland
  • Portugal
  • Qatar
  • Romania
  • Saudi Arabia
  • Scotland
  • Singapore
  • Slovenia
  • South Korea
  • Spain
  • Sweden
  • Switzerland
  • United Arab Emirates
  • United Kingdom
  • USA
  • Vatican City
  • Wales (UK)

I agree and consent to the Terms & Conditions, Privacy Policy

*,3,#T&C Apply

Gender

Tobacco/Nicotine

I agree and consent to the Terms & Conditions, Privacy Policy

*,3,#T&C Apply

Thank you for sharing your details. Our executive will get in touch with you shortly!

X
Disclaimer

*Premium increase applicable only for certain policy term, premium payment term and sum assured combinations.

#The Premium prices listed above are the lowest available across all online channels/ platforms for the purchase of this specific version of the product. These rates are subject to input parameters& as required for policy issuance remaining consistent during comparison. No Staff/Partner discount&& can be availed with this product. If a lower premium rate is found elsewhere, under the same conditions mentioned above, the policyholder may choose to cancel their policy and receive a full refund of premium paid.

&& Staff includes directors and employees of Bajaj Finserv Group & their spouse, children, and dependent parents. Partner includes employees and agents of intermediaries and their family members.

&Input parameters include age, medical details, qualifications, occupation, income and other factors required for policy issuance.

35% Discount applicable for customer's first individual life insurance policy, applicable only on first year’s premium. 5% Discount for salaried customers, applicable only on first year’s premium. 6% Discount on online purchase is available for regular premium payment and limited premium payment frequency on first year's premium.

© Copyright 2023. Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS
IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
IRDAI Public Notice on Spurious calls
Fraud Prevention Tips
Fraud Awareness Booklet
Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 9001:2015 and ISO 27001:2013 Certified IT Department
Contact Us

Sales: 1800-209-4040 (Toll Free) | Service: 1800-209-7272 (Toll free)

Email: customercare@bajajallianz.co.in

Registered Office Address

Bajaj Allianz House, Airport Road, 

Yerwada, Pune, Maharashtra - 411006

Download Mobile App
Follow Us On
Life Insurance Plans
Tools & Calculators
Insurance Coverage Plans
Insurance for All
Affordable Term Plans
Policy Term Plans
Insurance Guide for Women
Know More
Customer Service
Life Insurance Guide
Customer Support
Announcements
Distribution Channels List
Tools & Support

© Bajaj Allianz Life Insurance Co. Ltd. All Rights Reserved. | IRDAI Reg. No. 116 | An ISO 9001:2015 and ISO 27001:2013 Certified IT Department

CIN: U66010PN2001PLC015959 | Registered Office Address: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006, Maharashtra

Email: customercare@bajajallianz.co.in | Tollfree: 1800 209 7272

Disclaimer: Images used on this website and the models photographed in them are for representative purposes only and are not indicative of anyone's personal thoughts or ideas.

The Logo of Bajaj Allianz Life Insurance Co. Ltd. is provided on the basis of license given by Bajaj Finserv Ltd. to use its “Bajaj” Logo and Allianz SE to use its “Allianz” logo.

Website Compatible Browsers: IE11, Firefox, Safari, Opera, Chrome

Disclaimer

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. The terms and conditions of product/plan as contained in the Policy Document issued by the Company is available on the Web Site. The names of the Company, Products/Plans/funds do not indicate the quality and its future prospects or returns. IN ULIPs, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. Tax benefits are as per the prevailing Income Tax Laws including the Income Tax Act, 1961 and are subject to change from time to time. Goods and Services Tax will have to be borne by the Policyholder as per applicable rates. All other charges shall be levied in accordance with the terms and conditions of the policy.

This calculation and results displayed are based on information provided and certain assumptions about the rates of return. It is for assistance only and does not constitute an offer or solicitation. It is not intended to be and must not alone be taken as the basis for an investment decision. Kindly note that the returns are only illustrative and they are not guaranteed. The returns do not indicate the upper or lower limits of the return that you may get with your policy and the value is dependent on a number of factors including future performance. Bajaj Allianz Life Insurance Company Limited shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information reported by the calculator.

1©2021 Morningstar. All Rights Reserved. The Morningstar name and logo are registered marks of Morningstar, Inc. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and its content providers; (2) may not be copied or redistributed except as specifically authorized; (3) do not constitute investment advice; (4) are provided solely for informational purposes; (5) are not warranted to be complete, accurate or timely; and (6) may be drawn from fund data published on various dates and procured from various sources. Morningstar, its affiliates, and its officers, directors and employees shall not be liable for any trading decision, damage or any other loss arising from using the Information. Please verify all of the Information before using it and do not make any investment decision, except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up

Disclaimer
close
Ask for an Agent
Sign up for personal visit and tailored advice from our expert agents