Sahara Shubh Nivesh Jeevan Bima Plan is a traditional Endowment Plan for saving and insurance purposes so that a tension-free future is secured.
|
|
Minimum |
Maximum |
|
Entry Age (Nearest Birthday) |
9 years |
60 years |
|
Maturity Age (Nearest Birthday) |
- |
70 years |
|
Policy Term (PT) in years |
10 |
|
|
Premium Paying Term (PPT) in years |
Single Pay |
|
|
Yearly Premium |
Depends on the Sum Assured chosen |
|
|
Sum Assured |
50,000 |
No limit |
Annual premium in Rupees
|
Age |
Term |
Premium |
Sum Assured |
Maturity / Death Benefit |
|
35 years |
10 years |
43,314 |
80,000 |
80,000 |
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.
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.
