Sahara Life Investment Plans

Sahara Life Insurance offers a variety of life insurance plans which are specifically tailored to provide life insurance solutions to people with its variety of options. Given below is the list of life insurance plans and their subsequent benefits offered by the Sahara Life Insurance Company.

Sahara Dhan Sanchay Jeevan Bima

Product Benefits

This plan offers the following benefits:

• On death, the sum assured (including the vested bonuses) is payable to the policy holder.
• On survival, till the end of the policy term, the maturity benefit equal to the sum along with the vested bonuses is payable to the person insured.
• You can avail a loan amount of almost 90% of the acquired surrender value.
• The surrender value can be accessed after the payment of three policy years. The payable surrender value is higher than the Guaranteed Surrender Value or Special Surrender Value.
• The benefits payable and premiums paid are eligible for tax benefits under the Income Tax Act, 1961.

Eligibility Details

How The Plan Works

Let's consider a scenario; Jay is looking to buy a plan than can help him fulfil his financial goals and ensure financial protection for his family. He, at 35 years of age, buys Sahara Dhan Sanchay Jeevan Bima with a policy term and premium paying term of 15 years. He pays an annualised premium of Rs. 7,515 and the assured sum is Rs. 1,00,000. The two cases that can happen are:

• Case 1: He survives the Policy Term On survival, the sum assured, i.e., Rs.1,00,000 plus vested bonuses is payable.

• Case 2: He dies during the Break Policy Term The death before payable request to the sum assured on death, Rs.1,00,000 is payable to the family or nominee.

Sahara Shrestha Nivesh Jeevan Bima

Product Benefits

The benefits of this plan are:

• On the demise of the life insured during the policy term, the death benefit equal to the assured sum is immediately payable. The sum assured is never less than 125% of the single premium, if the age at entry is less than 45 years.
• On survival, till the end of the policy term, the maturity benefit (equal to the assured sum) is payable.
• You can avail a loan amount of almost 90% of the surrender value.
• The premiums paid are eligible for tax benefit under Section 80C of the Income Tax Act and benefits payable can also avail tax benefit under Section 10D of the Income Tax Act, 1961.

Eligibility

How The Plan Works

Let's consider a scenario; Jay, at 35 years of age, buys this plan with the policy term of 8 years, pays single premium of Rs. 19,150 and the sum assured will be Rs. 30,000. There are two possible cases:

• Case 1: He survives the policy term. Sum assured of Rs. 30,000 is payable to him.
• Case 2: He does not survive the policy term. The death benefit of Rs. 30,000 is payable to the family or nominee.

Sahara Shubh Nivesh Jeevan Bima

Product Benefits

• On the death of the insurer, the sum assured is payable immediately. It is not less than 125% of the single premium.
• You can avail the loan amount up to 90% of surrender value.
• The surrender value can be acquired any time during the policy term. The surrender value payable is higher than the Guaranteed Surrender Value or Special Surrender Value.

Eligibility

How The Plan Works

Let's consider a scenario; Jay is looking for a plan to accumulate wealth to meet his financial goals along with financial protection for his family. He, at 35 years of age, buys a plan with a 10 year policy term and he pays a single premium of Rs. 43,314 while the assured sum is Rs. 80,000. The two possible cases are:

• Case 1: He survives the policy term. Sum assured of Rs. 80,000 is payable.
• Case 2: He does not survive the policy term. The death benefit of Rs. 80,000 is payable.

Sahara Dhan Varsha Jeevan Bima

Product Benefits

This plan offers the following benefits to the insurer:

• On the death of the insurer, the full sum assured is payable, irrespective of survival benefits previously paid.
• Survival benefit is payable at specific intervals on the survival of the life insured.
• On maturity 30% of the sum assured is paid
• This policy provides tax benefits as applicable under the Income Tax Act, 1961.

Eligibility

How The Plan Works

Let's consider a scenario; Jay, at 35 years of age, buys the plan with the policy term of 15 years, 10 years of premium paying term while the sum assured is Rs. 1,00,000 with an annual premium of Rs. 8503. Now, there are two ways in which the sum can be split:

• Case 1: He survives the policy term He will receive 10% to 25% be of the sum assured, which means, Rs.10,000 to Rs.25,000, which is payable at the end of the third to twelfth policy year. At maturity, Rs.30,000 is payable.
• Case 2: He does not survive the policy term

The sum assured on death, i.e. Rs.1,00,000 is payable to the nominee. Hence, there are Sahara life insurance plans for people from all walks of life, with specific plans tailored to meet their requirements. You should choose a plan which offers the most benefit to you. Next, let us look at how one should begin the process of applying for these plans: