Saral Jeevan Bima – Term Insurance – Term Plan is a widely accepted product. However, terms and conditions of the term plan offered by different insurance companies are different. Every company was introducing innovative products with different features, options, and riders. Different term plans with different features are creating confusion among customers. It is extremely difficult for the customer to compare policy features and take a buying decision. To help customers IRDAI has issued a new guideline for the term insurance policy. This guideline is for standardizing terms and conditions of the term plan. It will be called Saral