Sahara Dhan Varsha Jeevan Bima Plan is a traditional non-participating Money-back Plan which provides periodical payouts to meet liquidity requirements and at the same time providing life insurance benefits
|
|
Minimum |
Maximum |
|
Entry Age (Nearest Birthday) |
15 years |
55 years |
|
Maturity Age (Nearest Birthday) |
- |
70 years |
|
Policy Term (PT) in years |
15 and 20 |
|
|
Premium Paying Term (PPT) in years |
10 and 15 respectively |
|
|
Premium Paying Frequency |
Yearly, half-yearly, quarterly, monthly |
|
|
Yearly Premium |
Depends on SA, age and term |
|
|
Sum Assured |
75,000 |
No limit |
Annual premium in Rupees for a policy term of 15 years and PPT of 10 years
|
Age |
Premium |
Sum Assured |
Survival Benefits |
Maturity benefit |
|
35 years |
8503 |
100,000 |
10,000, 15,000, 20,000 and 25,000 in the 3rd, 6th, 9th, 12th year |
30,000 |
Grace Period: 15 days grace period is allowed for monthly modes and 30 days for other modes
Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 3 years. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.
GSV = 30% of premiums paid if surrendered in 3rd year
50% of premiums paid if surrendered in 4th to 7th year
50% and increasing by 6% or 4% if surrendered in 8th year and beyond for 15 or 20 year term respectively
All the values will include GSV of vested bonuses
SSV = 100% of paid-up value including vested bonuses
Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
