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10 types of standard insurance policies spawned by pandemic

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Irdai) had asked insurers to introduce standard insurance policies in all categories, whether it’s a life, health or other general insurance policy, with simple features and standard terms and conditions, keeping a view in mind that most people are buying insurance policies online due to covid.

In today’s piece, we explain what they are and how they work.1. Saral Jeevan Bima term policyThe standard term life insurance, also known as Saral Jeevan Bima, is a non-linked, non-participating individual pure risk premium life insurance policy that provides death benefit (sum assured) in a lump sum to the nominee in case the insured dies during the policy term.The minimum sum assured offered under this policy is ₹5 lakh and the maximum is ₹25.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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