Sahara Shubh Nivesh Jeevan Bima Plan
Sahara Shubh Nivesh Jeevan Bima Plan is a traditional Endowment Plan for saving and insurance purposes so that a tension-free future is secured.
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- 9.7 Crore Registered Consumer
- 51 Partners Insurance Partners
- 4.9 Crore Policies Sold
Investment Plans
- Guaranteed Tax Savings^Under sec 80C & 10(10D)
- Under sec 80C & 10(10D)Invest ₹10k Per Month*
- Zero LTCG Tax^
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Sahara Life Investment Plans
- Sahara Shubh Nivesh Jeevan Bima Plan
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 |
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Policy Term (PT) in years |
10 |
|
|
Premium Paying Term (PPT) in years |
Single Pay |
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Yearly Premium |
Depends on the Sum Assured chosen |
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Sum Assured |
50,000 |
No limit |
Details About Premium
Annual premium in Rupees
|
Age |
Term |
Premium |
Sum Assured |
Maturity / Death Benefit |
|
35 years |
10 years |
43,314 |
80,000 |
80,000 |
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 = 70% of Single Premium if surrendered within 3 years or 90% of the Single Premium if surrendered after 3 years
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 1.25 lakhs 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.
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
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