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Sahara Life Child Plans

Children and parents share a very special relationship. Parents work for their entire life to fulfill the dreams of their children. Parents always go an extra mile in order to provide what their children want to fulfill their desire and for this, they always plan ahead of times. A child insurance policy is one such financial tool that helps to be ahead in your game of financial planning.

Sahara Ankur Child Plan

Plan (product withdrawn in August 2010) is one such plan that promotes savings and offers insurance coverage at the same time so that the dreams and desires of your loved ones are safeguarded.

Product Benefits

  • A Unit-linked plan that helps in multiplying the value of your savings
  • Flexibility to choose a fund and to switch between funds
  • Helps in building a corpus for safeguarding the future
  • Flexibility to choose the premium payment term as per the investment horizon and risk appetite of customers

Eligibility Details

ParticularsEligibility Criteria
Minimum Issue Age0 years
Maximum Issue Age13 years
Premium Paying Term21 years minus the age of the child at entry
Minimum Maturity Age25 years
Maximum Maturity Age40 years
Minimum Policy Term12 years
Maximum Sum AssuredRs 15 lacs where the age of life assured is 10 years or below, and Rs 24.75 lacs where the age of life assured is 11 years or above
Minimum PremiumSingle - Rs. 30,000/- Regular Premium - Rs. 8,000/- yearly, Rs. 4000/- half yearly& Rs. 750/- monthly (Group billing only)
Premium Payment ModeSingle Premium/ Yearly/ Half-yearly or Monthly

How Plan works

  • The unit-linked insurance plan that aims at accumulating savings.
  • The premium under this plan is payable till the life assured becomes 21 years.
  • The premium payment mode is either Single or regular premium (monthly/half-yearly/yearly).
  • This plan offers customers with maturity benefit, death benefit, and surrender benefit.
  • Partial withdrawal of sum assured is allowed under this plan.
  • If the policyholder wants additional protection it can be done with the help of Premium Waiver Benefit Rider.

How to Apply for Sahara Ankur Child Plan

The process of availing Sahara Ankur Child Plan is quick and easy. Sahara is India’s fastest growing insurance company who is dedicated to offering top-notch customer service. Sahara Life Insurance company for the comfort of its customers has given the following ways through which customers can apply for child plans

Online mode: By following the below given steps customers can easily avail Sahara Life Child Plan for their children.

  • Visit the official website of Sahara Life Insurance Company
  • Login to the website with valid login ID and password
  • Select the Sahara Ankur child plan and enter all the required details
  • Next, pay the premium amount using the credit card, debit card or by net banking mode.
  • Upon receipt of the premium amount and validation of all data, Sahara Life will issue the insurance policy

Offline mode: Customers can also apply for Sahara Ankur Child Plan through an offline channel likeby visiting Sahara Life office, Availing policy through agents, brokers etc.

FAQs on Sahara Life Child Plans

How to pay a premium? What are the modes of payment available?

Premium payment is made simple by Sahara Life. Customers of Sahara Life can easily pay premiums through the following modes: Cheque Payment ECS Facility Cash Payment

How can I check policy status for Sahara Life Child Plans?

For checking the current status of your Sahara Life Child plan you can Visiting the office or any nearest branch of Sahara Life Insurance and requesting the executives for the status of your child insurance plan. Calling customer care number or service helpline number on(0522) 2337777. The customer service team isavailable to help from 10 a.m. to 5 p.m.. Lastly, by dialingtoll-free number 1800-180-9000 policyholder can get the current status of child plan. The customer service executive is available to help on the toll-free number from10 AM to 5 PM

What is the policy renewal process for Sahara Life Child Plans?

Renewal of Sahara Life Child Plan can be done in the following ways: Online mode by logging onto the Sahara Life website with the help of credit card, debit card or net banking. Cash payment by visiting the branch or office of Sahara Life insurance company

What is the company’s process to settle the claim for Sahara Life Child Plans?

The claim settlement procedure of Sahara Life Insurance Company is quick and transparent. In case of eventuality the nominee has to act quickly and follow the below given steps to quickly process the claim: Submission of the duly filled claim form andall the other relevant documents to the claims department of Sahara Life Insurance Company. The claim form must be accompanied with the original death certificate, original policy document, and other relevant documents Upon the receipt of all the documents, the company shall review the claim. Once the claim is validated Sahara life insurance company will carry out appropriate payments. The Sahara Life Insurance company is dedicated to providing quick services so all the updates related to the claim settlement process are provided to the customer via SMS or Letters.

What is the policy cancellation process for Sahara Life Child Plans?

Cancellation of the policy is allowed in the free-look period of the policy. For cancelling the policy in the free-look period the customer needs to submit the following documents at the nearest Sahara life insurance company branch office: Original policy document Cancelled cheque Application stating the true and exact reason for cancelling the policy Upon receipt of the document the company shall process policy cancellation and shall credit the amount in your bank account.

How does Sahara Life Child Plans work?

Following is a quick working synopsis of Sahara Ankur child plan: The plan is a unit-linked plan that offers both investment and insurance cover to the policyholder. The plan is available in two premium paying terms namely Single Premium or Regular premium. Loan Facility is not available under the Sahara life Ankur Child Plan. Being a unit-linked plan it offers investment in four funds namely: Secured Fund, Balanced Fund, Smart Fund, and Growth Fund. The policyholder during the tenure of the policy can switch between funds