News From Press Saral Jeevan Bima costs twice as much as a normal term plan

Saral Jeevan Bima costs twice as much as a normal term plan

Source: Mint Jan 18, 2021

Edelweiss Tokio Life Insurance Co. Ltd has launched India’s first standard term insurance plan called Saral Jeevan Bima, which is aimed at first-time buyers and those who may not have easy access to existing term plans.

The Insurance Regulatory and Development Authority of India (Irdai) in October had mandated all life insurers to launch Saral Jeevan Bima plans from 1 January 2021.

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