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Sahara Life Investment Plans

Sahara Life Insurance Company is the first Indian life insurance company in the private sector. The company is very prominent in the life insurance sphere and serves all sections of the society. Sahara India Life Insurance Company was founded on 30th October, 2004 and got its IRDAI license on 6th February, 2004, to operate as a life insurance company.

Sahara India Life offers an extensive range of plans, like Unit Linked Insurance Plans, Endowment Plans, Term Assurance Plans, Money Back Plans, and Group Insurance Plans that cater to the insurance needs of individuals of all ages and segments.

Sahara Life Insurance Company is one of the most trusted insurance provider in India. Specialising in life insurance products, Sahara is your go-to option for life insurance for two important factors, namely claim settlement ratio and grievances resolved. It ensures to settle the grievances of all of their customers, making them customer-friendly and reliable.

Types of Investment Plans Offered by Sahara Life

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

MinimumMaximum
Entry age1450
Maturity age-70
Policy term1540
Sum assuredRs. 50,000No limit

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

MinimumMaximum
Age960
Age at maturity-70
Policy Tenure5 years10 years
Sum assuredRs. 30,000Rs. 1 crore
Minimum Single Premium amountRs. 16,992Rs. 71,17,825

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

MinimumMaximum
Age960
Age at maturity-70
Policy tenure10 (fixed)-
Sum assuredRs. 50,000No limit
Premium Paying Term Single Premium -

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

MinimumMaximum
Age1555
Age at maturity-70
Policy tenure15 years and 20 years-
PPT10 Years (policy Term 15 Years), 15 Years (policy Term 20 Years)-
Sum assuredRs. 75,000No limit

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:

How to Apply for Reliance Sahara Life Investment Plans

There are two ways in which you can apply for the Reliance Sahara Life Investment Plans:

Online

The company offers certain specific plans which are only available online. You can visit online broking sites like Coverfox to compare the available plans, the coverage they provide, and then choose the best plan for you. You can then follow the process below:

  • Log onto the company's website.
  • Choose the plan you want.
  • Choose the coverage and provide the details.
  • Pay the premium online through debit card, credit card or net banking facilities.

Intermediaries

The plans which are not available online can be purchased via agents, banks, brokers, etc. where intermediaries help with the application process.

FAQs on Sahara Life Investment Plan

Why choose Sahara Life Investment Plans?

Sahara Life Insurance Company has a team of committed and skilled professionals, who not only focus on the urban populace, but also people living in the rural areas where economic progress is slow. The company has a wide range of products which cater to the needs of the people belonging to different economic sections and ages. The support centre and customer care of the company is also highly skilled and proficient.

Which is the best investment plan of all Sahara Life Investment Plans?

The Sahara Dhan Sanchay Jeevan Bima is the best investment plan of Sahara Life investment plans since the sum assured on both, survival and death is sum assured along with vested bonuses.

Which is the best Sahara Life Investment Plan for long term?

Again, Sahara Dhan Sanchay Jeevan Bima is the best plan for the long term, due to its assured sum amount of Rs.50,000, with the policy term ranging from 15 to 40.

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

Sahara Life Insurance Company offers different modes of payment for the premium, namely:

  • Cash/Cheque payment at the branch.
  • ECS, at certain locations

How can I check my policy status for Sahara Life Investment Plans?

For checking your policy status for the Sahara Life Investment Plan, you simply have to log onto their website home page and enter your username and password.

Get Your Sahara Life Plan Today

So there’s all you need to know. We have compared and contrasted the top four plans that Sahara Life Insurance company offers. You should take all of the finer terms and conditions into account, and choose the one best for you.

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