Sahara Dhan vriddhi Jeevan Bima Plan

Sahara Dhanvriddhi 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 by paying only once at the inception

Key Features

  • It is a non-participating plan with Single Premium payment option
  • The premium paid and Guaranteed Addition is paid on maturity


  • On maturity, the single premium is paid along with a one- time Guaranteed Addition
  • The Guaranteed Addition is expressed as a % of Single Premium and depends on the term and the amount of cover chosen
  • On death of the policyholder ,125% of the Single Premium is paid if age is less than 45 years or 110% of the Single Premium is paid for ages 45 years and above
  • Survival benefits @ 15% of the Sum Assured is paid from the end of the 3rd year and every 3 years thereof
  • Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:




Entry Age (Nearest Birthday)

9 years

60 years

Maturity Age (Nearest Birthday)


70 years

Policy Term (PT) in years

9, 12, 15

Premium Paying Term (PPT) in years

Single Pay

Yearly Premium

Depends on SA, age and term

Sum Assured


1 crore

Details About Premium

Annual premium in Rupees for a policy term of 9 years



Sum Assured

Survival Benefits

Maturity benefit including Guaranteed Addition

35 years



12,000 paid at the end of 3rd and 6th year


Policy Details

Grace Period: grace period is not applicable

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy anytime. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.

GSV = GSV % of Single Premium paid net of Survival Benefits already paid

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.

Additional Features or Riders

  • The rate of Guaranteed Addition can go as high as 20% of the Single Premium


  • Loan facility is not available


  • In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee.

Documents Required

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.

Written By: PolicyBazaar - Updated: 19 March 2021
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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