Are there any policy exclusions I should know about?

Yes, the policy includes a suicide exclusion. If suicide occurs within 12 months from risk commencement or revival, the death benefit is not payable. For Single Pay policies, 90% of the single premium is paid. For Regular or Limited Pay policies, 80% of premiums paid are refunded, excluding taxes and extra charges.

What premium payment options are available under the SUD Life Saral Jeevan Bima Plan?

Premiums can be paid annually, semi-annually, or monthly. Modal factors apply for non-annual modes, with semi-annual at 0.5108 and monthly at 0.0867.

SUD Life Saral Jeevan Bima

UIN - 142N079V01 | A Non-linked Non-participating Individual Pure Risk Premium Life Insurance Plan

SUD Life Saral Jeevan Bima is a pure risk term life insurance plan designed to provide financial security to your family in the event of your untimely demise. SUD Life Saral Jeevan Bima is a simple term insurance plan designed to offer essential financial protection for your entire family in case of your unfortunate passing. SUD Life Saral Jeevan Bima is a simple and reliable protection solution for your family, even when you are not around.

Long-term plan with standard guidelines
Flexible policy duration ranging from 5 years to 40 years
Various premium payment term options to choose from as per your financial situation
Eligible for individuals aged 18 to 65 years

Buy SUD Life Saral Jeevan Bima Online

Your First Name *

Last Name *

Email ID*

Mobile Number*

+91

We Don't Spam

Verify OTP via

Mobile Number

I hereby consent to receive policy related communication from SUD Life Insurance Co. Ltd or its authorized representatives via Call, SMS, Email & Voice over Internet Protocol (VoIP) including WhatsApp and agree to waive my registration on NCPR (National Customer Preference Registry) in this regard.

By selecting the check box, you declare to consciously bypass the recommended suitability analysis module and purchase the policy based on your independent assessment.

Note: The contact details provided in this form are collected solely for lead generation and customer outreach purposes. Submission of this form does not constitute a quote request, and the information provided is not used for insurance quote generation.

What is SUD Life Saral Jeevan Bima Plan?

Q: How is the Sum Assured on Death defined under the SUD Life Saral Jeevan Bima Insurance Plan?

For Regular Pay and 5 or 10-year premium payment terms, the Sum Assured on Death is the highest of: 10 times the annualised premium, 105% of total premiums paid till date of death, or the absolute sum assured chosen at policy inception. For Single Pay policies, it is the higher of 125% of the single premium or the absolute sum assured.

Q: What is the waiting period for the SUD Life Saral Jeevan Bima Plan?

The plan has a waiting period of 45 days from the date of risk commencement. During this period, only accidental deaths are covered. In case of death due to other causes, 100% of the premiums paid (excluding taxes) are refunded. The waiting period does not apply on policy revival.

Q: Can I cancel the SUD Life Saral Jeevan Bima Plan before the policy term ends?

Yes, the policy can be cancelled if it has acquired a Policy Cancellation Value. For Single Pay policies, this is available immediately. For 5 Pay and 10 Pay policies, it is available after two full years of premium payments. For Regular Pay policies, no cancellation value is payable.

Q: How can I revive a lapsed policy?

A lapsed policy can be revived within 5 years from the first missed premium by paying overdue premiums with interest and submitting a declaration of good health, subject to insurer approval.

Imagine the SUD Life Saral Jeevan Bima plan as a shield that stands between your family and life's unexpected challenges. For instance, if you're the primary earner in your household, your income supports everyday expenses, clears debts, and ensures your children's future. Now, think of the potential financial void if something unfortunate were to happen to you. This plan acts like a tool providing financial security which steps in to provide a lump sum amount to your family in your absence, ensuring their lifestyle remains unaffected, and their dreams stay intact.

With SUD Life Saral Jeevan Bima, you secure a safety net that’s simple yet effective. It offers pure protection against the uncertainty of premature demise by ensuring your loved ones receive financial support when they need it the most. Additionally, the premiums you pay are eligible for tax benefits under the Income Tax Act of 1961, making this plan a smart choice for both your family’s future and your financial planning.

SUD Life Saral Jeevan Bima Plan Benefits

Here are the benefits that you get from the plan

Death benefit

In case of death of the life assured, during the policy term, provided the policy is in force Sum, Assured on Death will
be paid immediately to the nominee. Sum Assured on Death as defined below will be paid in lump sum. Your policy
will be terminated and no further benefits will be paid.

Policy Cancellation Value (PCV)

For Single Pay, 5 Pay, and 10 Pay policies, the Policy Cancellation Value becomes available after at least two consecutive full years of premium payments. However, for Regular Pay policies, no Policy Cancellation Value will be applicable.

Maturity Benefit

There is no Maturity Benefit available under the product.

How Does SUD Life Saral Jeevan Bima Plan Work?

Opt for the SUD Life Saral Jeevan Bima plan and tailor it to your needs by selecting: Sum Assured, Policy term, Premium Payment Term

1.Premium Calculation

The premium is determined based on factors such as your age, gender, health risks, and the premium payment term as you choose. By paying the premium for the selected duration, you can enjoy uninterrupted life insurance coverage.

2.Death Benefit

In the unfortunate event of your passing during the policy tenure, the Death Benefit will be paid to the nominee as a lump sum, providing them with essential financial support in your absence.

3.Maturity

Since this is a pure protection plan, no maturity benefit is payable if you outlive the policy term. It’s designed to ensure maximum financial security for your loved ones when they need it most.

4.Illustration

A man aged 30 years buys the SUD Life Saral Jeevan Bima plan for a period of 20 years. The policy details are as follows: Sum assured - ₹20 lakhs, Premium payment term – 20 years, Premium payment frequency – Annual, Annual premium - ₹5,000 (excluding tax). In the 10th year, the life insured passes away. The total premium paid before death is ₹50,000. The plan will pay the Sum Assured on Death, i.e. ₹20 lakhs.

Download Plan Related Documents

Product brochure (Prospectus)

Policy Presentation

Policy Document

Product CIS

Why choose SUD Life Saral Jeevan Bima?

SUD Life Saral Jeevan Bima Plan is the ideal option for you because of the following points

It offers affordable premiums
It ensures financial protection against the risk of untimely death
The plan can be purchased easily online
You receive long-term coverage
You can choose from various premium payment options depending on your financial situation.
You can avail tax benefit on the premiums paid

Why Choose SUD Life?

1.55+ Cr Lives Covered

3rd Largest Life Insurer for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

23,900+

Distribution Points across India

₹37,575 Cr

Assests Under Management

99.01% Claims Settlement Ratio

Individual Claims Settlement Ratio as on 31.03.2026

₹9,592 crore

Gross Premium till 31.03.2026

₹4,932 crore EV* (Dec '24)

*Indian Embedded Value ₹4,932 crore (Mar'26)

Testimonials

Know why customers buy Life Insurance from us

Best Insurance Claim Support Team

Choosing SUD Life Insurance was one of the best decisions I've made for my family's future. Their attentive team made the entire process seamless, ensuring I found the perfect plan tailored to my needs.

Ramprakash Shivram Yadav

Companies in India for Life Insurance Policy with a Wide Reach

Suresh Gajanan Patil

PMJJBY Claim

I have visit at Nanded Branch for pmjjby death claim documents submitted i very thankful mr.. akash sir my uncle Pmjjby death payment received at 3dyas.

Yash Thakur

And Many More.

View All

Connect with us

WhatsApp (Drop a 'HI')

(+91) - 7208 867122

Email

customercare@sudlife.in

Toll-Free Number

1800 266 8833
Monday to Saturday
09:00 AM to 07:00 PM

Locate our Branches Check Policy Status

Frequently asked questions (FAQs)

How is the Sum Assured on Death defined under the SUD Life Saral Jeevan Bima Insurance Plan?

What is the waiting period for the SUD Life Saral Jeevan Bima Plan?

Can I cancel the SUD Life Saral Jeevan Bima Plan before the policy term ends?

Are there any policy exclusions that I should know about?

What are the premium payment options available under the SUD Life Saral Jeevan Bima Plan?

How can I revive a lapsed policy?

The Sum Assured on Death under the SUD Life Saral Jeevan Bima is defined differently based on the premium payment term; For regular, 5/ 10 years premium payment term, it is the highest of the following: 10 times the annualized premium; or, 105% of total premiums paid until date of death of life assured, Absolute amount assured i.e. the sum assured is chosen at the time of policy purchase. For Single Pay policies, the Sum Assured on Death is the higher of: 125% of the single premium, Absolute amount assured i.e. the sum assured is chosen at the time of policy purchase.

The plan has a waiting period of 45 days from the date of commencement of risk. During this period, the policy will only cover death caused by an accident. If the life assured passes away due to any other cause during the waiting period, the policy will not pay the death benefit. It will pay an amount equal to 100% of all the premiums received (excluding taxes. Waiting period will not apply in case of policy revival.

Yes, you can cancel the policy anytime during the policy tenure, provided it has acquired a Policy Cancellation Value. The policy will acquire this value after paying premiums for a certain period: For Single Pay, the cancellation value is available immediately after the single premium is paid. For 5 Pay and 10 Pay policies, the cancellation value is available after at least two full years of premiums are paid. For Regular Pay policies, no cancellation value is payable.

Yes, the policy has a suicide exclusion. If the life assured commits suicide within 12 months from the date of commencement of risk or reviving a lapsed policy, the Sum Assured on Death will not be paid. For a Single Premium policy, the company will only pay 90% of the single premium paid, excluding extra charges and taxes. For Regular or Limited Premium policies, the payout is 80% of the premiums paid, excluding extra charges and taxes.

You can pay the premium for the SUD Life Saral Jeevan Bima Plan on an annual, semi-annual, or monthly basis. If you opt for monthly or semi-annual payments, modal factors will be applied, which will increase the premium amount compared to the annual premium. The modal factors are: Semi-annual: 0.5108 & Monthly: 0.0867.

You can revive a lapsed life insurance policy within 5 years from the date the first premium was missed. To do so, you must pay the overdue premiums along with any applicable interest and submit a declaration of good health. The insurance company may also conduct a medical review to assess your health. If the review is satisfactory, the policy will be revived.