Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Policy typeNon-linked, non-participating individual pure-risk premium life insurance plan (standard term insurance).View source
The page describes a standard individual pure-risk plan and lists lump-sum death benefit, flexible premium-payment terms and tax benefits.
- Source
- SUD Life Saral Jeevan Bima
- Page / section
- Overview / Benefits
- Accessed
- 30 Aug 2026
- Confidence
- high
InsurerStar Union Dai-ichi Life Insurance Company (SUD Life); Bank of India acts as IRDAI-registered corporate agent and does not underwrite the risk.View source
The disclaimer states that BOI is corporate agent CA0035 and the contract is between SUD Life and the insured.
- Source
- SUD Life Saral Jeevan Bima
- Page / section
- Disclaimer
- Accessed
- 30 Aug 2026
- Confidence
- high
Policy term5 to 40 years; for 5-pay and 10-pay options, minimum policy terms are 6 and 11 years respectively.View source
The Policy Term tab publishes 5–40 years and the special minimum terms for 5-pay and 10-pay.
- Source
- SUD Life Saral Jeevan Bima
- Page / section
- Policy term
- Accessed
- 30 Aug 2026
- Confidence
- high
Sum insured / coverMinimum ₹5 lakh and maximum ₹25 lakh.View source
The Sum Assured tab publishes minimum ₹5 lakh and maximum ₹25 lakh.
- Source
- SUD Life Saral Jeevan Bima
- Page / section
- Sum assured
- Accessed
- 30 Aug 2026
- Confidence
- high
BenefitsLump-sum amount on death; choice of single pay, regular pay, 5-pay or 10-pay; tax benefits subject to prevailing law.View source
The official Benefits tab lists the death benefit, four payment choices and tax benefits.
- Source
- SUD Life Saral Jeevan Bima
- Page / section
- Benefits
- Accessed
- 30 Aug 2026
- Confidence
- high
Benefits and features
- Lump-sum death benefit
- ₹5 lakh–₹25 lakh sum assured
- Single, regular, 5-pay and 10-pay choices
Eligibility
- Subject to SUD Life underwriting and the policy application requirements.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Application, identity/address and underwriting documents as requested by SUD Life