New life insurance policy is coming in the market from January 1, find out the details!

 New life insurance policy is coming in the market from January 1, find out the details!

Earlier, the Insurance Regulatory and Development Authority of India (IRDAI) has come up with several policies like Corona Kavach, Corona Rakshak, Arogya Sanjeevani. In this difficult situation in Corona, people have become more aware of savings and future security. There is a growing demand for term insurance in particular. From that source, Saral Jeevan Bima is coming to the country's market from January 1 next year. Earlier, the Insurance Regulatory and Development Authority of India (IRDAI) has come up with several policies like Corona Kavach, Corona Rakshak, Arogya Sanjeevani. This time simple life insurance is launched in the interest of more people based on that formula. According to the company, anyone between the ages of 18-65 can avail the benefits of this standard term plan. The maximum age for maturity will be 60 years. However, the plan will not continue after 60 years. Its policy term is five to 40 years. In this case there is a policy scheme from 5 lakh to 25 lakh rupees. Let's find out now why we should buy this policy. The advantage of this policy This simple life insurance is comparatively more convenient than other life insurance products. For those who are buying a policy for the first time, this is appropriate. Those who have no idea about the nuances of term insurance can also easily avail the benefits of this policy. After buying the policy, there will not be much trouble in the future. Also available on digital platforms In the Corona situation, everyone is leaning towards digital platforms. In this case, several steps are being taken by the concerned agencies to avoid crowds. The digital platform has all the arrangements so that the agents do not have to go from house to house or crowd the branch office.

There are also digital transaction facilities. All the information related to the policy is also being given on the digital platform of the concerned organization. The same benefits can be found in the case of simple life insurance. In addition to all these facilities, a few offers are also being given. In this case, those who buy the plan online, they will get a discount of up to 20 percent in the case of premiums. Your income will not stand in the way of buying this policy In case of other term plans or policies, the annual income of the person concerned is a significant issue. However, when buying this term insurance plan, you don't have to think much about the annual income. This plan is very effective for those who earn daily or those who do not have a big and guaranteed income. This new policy can be understood as much as you can pay premium. So this simple life insurance may be the best option for lower-middle class people in rural areas. Here are some things to look for when purchasing a policy: Since this policy is going to be launched soon, there are some things to be aware of in advance. Those who are buying the policy, they have to do a good research work. Because buying a policy and claim settlement is not the same thing. In this case, if there is any such policy in advance, then an evaluation can be done by comparing it with that policy.

The issue of premium needs to be looked into. In addition to these, you need to know about Solvency Ratio, Claim Settlement Ratio. Generally speaking, solvency ratio helps to understand how reliable an organization is and how credible its claims are. In addition to this, the amount of claim settlement ratio should be more or less! Because it also involves premiums. Expert advice can be taken if necessary!