225: Why Saral Jeevan Bima may still work despite being costlier than existing term plans
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English - January 18, 2021 12:10 - 3 minutes - 3.65 MBInvesting Business stock market inida business news beer biceps finance financial podcast financial advice financial service company money matters money talks investment livemint podcast Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Edelweiss Tokio Life Insurance has become the first insurer in India to launch a standard term insurance plan called Saral Jeevan Bima. A sum assured of Rs 25 lakh under this plan to a 30-year-old will cost Rs 727 per month. Compared with this, the company’s existing term insurance plan costs around Rs 390 per month for similar coverage. We will look at why India's first Saral Jeevan Bima costs twice as much as a regular term plan and how it may still work for many individuals.