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Sahara Life Term Insurance Plans

Sahara Life, a part of Sahara Pariwar, offers life insurance plans since its license approval in India. The IRDAI approved its license on 6 February 2004. With the IRDAI approval and the licensing, Sahara India became the 1st purely and wholly Indian Insurer. Sahara started its operations in October 2004. The company offers various insurance plans that cater to the different needs of the customer ranging from individual or group plans to term and endowment plans.

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These life insurance plans provide a pure risk cover plan that helps a policyholder with a high level of protection at nominal costs. Sahara Life Term plans are cost-effective yet most vital of all life insurance products which secure the policyholder's family in case of his/her unfortunate demise. Sahara Kavach is a Sahara Life term plan.

Features of Sahara Life Term Insurance Plans 

  • The plan protects your family at low premium rates. 

  • Rewards are also available for maintaining a healthy lifestyle.

  • You can opt for different premium payment options such as monthly or annually.

  • Tax benefits are also available u/s 80C and 10(10D).

*Tax benefit is subject to changes in tax laws. *Standard T&C Apply

Types of Sahara Life Term Insurance Plans 

Sahara Kavach Plan

This plan has been withdrawn by the insurer and is not available for sale purposes. 

Sahara Kavach Plan is a term insurance plan that is suitable for people having limited savings and those who want to protect their loved ones against unfortunate times in life. The policy provides a chance to receive a large risk coverage by paying a minimal or lower premium than most of the term plan. If the policyholder dies during the policy tenure, the sum assured amount is paid to his/her family that helps them in dealing with the critical times. 

  1. Eligibility of Sahara Kavach Plan 

    To purchase the Sahara Kavach term insurance plan, a policyholder should have to fulfill certain eligibility standards set by the insurance company. These parameters are related to the life assured’s age and the coverage amount requested. The below table illustrates the eligibility conditions of the Sahara Kavach Plan: 



    Entry Age 

    Minimum: 18 years 

    Maximum: 50 years 

    Coverage Age (Maximum)

    65 years 

    Benefit Term 

    Minimum: 15 years 

    Maximum: 20 years 

    Premium Payment Term 

    Equal to Policy Term 

    Minimum SA (Sum Assured)

    Rs.5,00,000 and after that in multiples of Rs.50,000

    Maximum SA (Sum Assured)

    No limit (depends on policy underwriting as well)

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

  2. Benefits of Sahara Kavach Term Insurance Plan 

    • Flexibility in Paying Premiums: You are allowed to pay premiums in different modes such as yearly, half-yearly, quarterly, and monthly.

    • Death Benefit: A lump sum payout of 100 percent is paid to the beneficiary/nominee in case of the insured's death during the policy tenure.

    • Tax Benefits: Get tax benefits on premiums and the payouts under sections 80C and 10(10D) of the Income Tax Act, 1961. 

    • Maturity Benefits: No maturity benefit is provided under this plan as it is a pure term insurance policy.

    • Premium Calculator: A premium calculator is offered by the Sahara Life term insurance plan. By using this calculator you can easily calculate the sum assured amount and the premium paid towards the plan. 

    • Grievance Redressal – The insurance company has a different section of Grievance redressal where you can easily raise your issues. These issues were typically addressed by the insurer within 10 working days. 

Details of Sahara Life Term Insurance Plan 

  • Premium Payment Mode: Premium can be paid towards the Sahara Kavach Plan at annual, semi-annual, quarterly, and monthly modes. 

  • Rebates on Premium: For annual and semi-annual premium payment modes, the insurance company offers a rebate on the premium of 3 and 1.5 percent respectively. 

  • Discontinuance of Premiums: In the case of discontinuance of premium, the policy lapses at the end of a grace period. A policyholder can revive a lapsed plan within 5 years from the outstanding premiums due date. 

  • Surrender Value: No surrender value is applicable under Sahara Kavach Term Plan. 

  • Policy Loan: No loan facility is available under this plan. 

  • Grace Period: 30 days of grace period is allowed for yearly, half-yearly, and quarterly premium payment modes and 15 days of grace period for monthly premium payment mode. 

Exclusions of Sahara Term Insurance Plans 

If the policyholder commits suicide within one year from the date of inception or the revival of the policy, the plan will terminate and become invalid. In such cases, nothing shall be paid.

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Sahara Life Term Plans Reviews & Ratings

3.9 / 5 (Based on 25 Reviews)
(Showing Newest 10 reviews)
Ara, March 10, 2021
Pay premium amount
It is easy to pay the premium amount online. Nowadays, everything has become digitalized and I make the premiums payment once a year. Not so costly and was under my budget. Kudos team and thanks.
Ballabhgarh, March 09, 2021
Life protection coverage
One of my friend recommended me to get a term insurance plan. So I gave it a thought and start looking for a fine product. Finally I got sahara term insurance plan into the website of policybazaar. Such good plans and a life protection coverage for me and my family.
Greater_noida, August 02, 2016
Sahara life insurance is on of the best brand in the market right now. I have took term insurance policy in very less investment. The policy cover maximum expenses, good future planing. Service is perfect and on time. The updates and the renewals can be done on online portal website.
Chandigarh, July 04, 2016
slow service
My term insurance plan is good and have good returns but the service is slow sometimes. Policy coverage is high and investment is less. Service of internet website is good but the staff service is bit slow. Please improve the customer service.
Alibag, June 29, 2016
Good Service
The term insurance plan i have is fantastic with low premiums. The service provided by the company staff is fabulous. Policy coverage and claims are high and claiming is easily done because of fast service provided by the executives of the company.
Thiruvananthapuram, May 24, 2016
Excellent Policy
I have term insurance policy plan from sahara life insurance. Policy coverage is good ~91% and the premiums are low approx. 37 K. Claiming is easy and the waiting time is very less due to fast and on time services from executives and the staff members. Good future investment and save my taxes too. I like the policy plan.
Patiala, May 24, 2016
Bad services & claims
My policy is not good because the service is slow, the policy coverage is okay, Claims are not as i expected, premiums are high, not provided genuine help when needed by the staff members. Not satisfied with this policy. Please improve the service.
Nasik, May 24, 2016
I purchase sahara life term insurance plan. The policy plan is an average one but the premiums is low with good policy coverage ~88%. This is an online policy plan, easy to buy. The plan has 5% less on premiums for women. Premiums and claims are free from taxes. The updates regarding policy is mailed to me regularly.
Nizamabad, May 24, 2016
Power Plan
I have term insurance policy plan from sahara life insurance. The policy is good and the premiums are very less. The best investment and the taxes are also saved. Policy coverage and claims are good and the services is super. Good behaviour shown by executives and staff members.
Vikas_nagar, May 24, 2016
Responsive Faculty
My sahara life term insurance plan is wonderful with huge benefits like low premiums and the policy coverage is high 91%. Claims are are good and the payback amount is around Rs.39 L after the policy get mature. Internet services are great with easy interface and vast variety of policies are there with full descriptions. Good future investment with tax savings.
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