Sahara Shrestha Nivesh Jeevan Bima Plan

Introduction/Overview
Sahara Shrestha Nivesh Jeevan Bima Plan is a traditional Endowment Plan with one-time premium payment which takes care of the future savings and life insurance coverage by paying just once

Best Investment Plans
  • Save Upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Please note that the quotes shown will be from our partners
Buy Online & Get upto 4% extra#
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
+91
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp
We are rated
rating
58.9 million
Registered Consumers
51
Insurance
Partners
26.4 million
Policies
Sold

Key Features

  • It is a non-participating plan with Single Pay option

Benefits

  • On maturity, the Sum Assured is payable to the policyholder
  • On death of the policyholder ,the Sum Assured is payable which should not be less than 125% of the Single Premium if age is less than 45 years or 110% of Single Premium for ages 45 years and above
  • 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:

 

Minimum

Maximum

Entry Age (Nearest Birthday)

9 years

60 years

Maturity Age (Nearest Birthday)

-

70 years

Policy Term (PT) in years

5

10

Premium Paying Term (PPT) in years

Single Pay

Yearly Premium

16,992

71,17,825

Sum Assured

30,000

1 crore

Details About Premium

Annual premium in Rupees

Age

Term

Premium

Sum Assured

Maturity / Death Benefit

35 years

8 years

19,150

30,000

30,000

Policy Details

Grace Period: the provision of grace period is not applicable under Single Pay Plans

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 Factor * Single Premium 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

  • High Sum Assured rebates are allowed for a coverage of 50,000 and above

Inclusions

  • The plan provides loan of up to 90% of the Surrender Value

Exclusions

  • 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.

Investment Plan
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Investment Plan 2
Average Rating
(Based on 0 Reviews)
Investment Plan 3

Investment plans articles

Recent Articles
Popular Articles
HDFC RD Interest Rates

30 Dec 2022

HDFC Bank is India's largest private sector bank and the world's
Read more
AXIS Bank RD Rates

30 Dec 2022

Axis Bank is the third-largest among Indian private sector
Read more
PNB RD Interest Rates

30 Dec 2022

Punjab National Bank (PNB) is the first Swadeshi Bank of India
Read more
Kotak Mahindra Bank RD Interest Rates

30 Dec 2022

Kotak Capital Management Finance was founded back in 1985 by
Read more
Indian Bank RD Interest Rates

30 Dec 2022

Indian Bank is a government-certified financial service provider
Read more
Best LIC Policies For Investment in 2023
When it comes to purchasing a life insurance plan, LIC policies can be a good investment choice given that it is a
Read more
Post Office Monthly Income Scheme - MIS Interest Rate 2022
Are you looking for an investment avenue that is safe and secure, earns substantial returns with a short locking
Read more
Short Term Investments Options
Short-term investments can be described as temporary investments or marketable securities, which can be easily
Read more
Best NRE Savings Accounts for NRIs in 2023
India is a growing economy and is getting a lot of global recognition these days. It has shown immense growth in
Read more
SBI Life Insurance Plans in India
SBI Life Insurance, a joint venture between State Bank of India (SBI) and BNP Paribas Assurance, provides
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL