Sahara Sanchit Jeevan Bima Plan

Sahara Sanchit Jeevan Bima Plan is a one -time pay Unit Linked Insurance Plan where the premium paid is invested in capital markets for maximum growth and it also provides insurance coverage for security

Best Investment Plans
  • Guaranteed Tax Savings

    Under sec 80C & 10(10D)
  • ₹ 1 Crore

    Invest 10k Per Month*
  • Zero LTCG Tax

    Unlike 10% in Mutual Funds

*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
Top performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore 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 unit linked plan with Single Pay option
  • The following 5 funds are available for investment:
    • Secured Fund
    • Balanced Fund
    • Smart Fund
    • Growth Fund
    • Prima Fund

Benefits

  • On Maturity, the Fund Value as on that date is paid to the policyholder
  • On death, higher of the Sum Assured net of any partial withdrawals made in the previous 2 years or the available Fund Value is payable to the nominee
  • Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Product Specification:

 

Minimum

Maximum

Entry Age (Nearest Birthday)

18 years

 65 years

Maturity Age (Nearest Birthday)

-

75 years

Policy Term (PT) in years

5

10

Premium Paying Term (PPT) in years

Single Pay

Yearly Premium

30,000

No limit

Sum Assured

Single Pay – 1.25 * Single Premium for ages <=45 yrs. & 1.1* Single premium for ages >45 yrs.

No limit

Details About Premium

Illustration for a policy of 7 years

Age

35 years

Premium

40,000

Sum Assured

50,000

Fund Value @ 6%

50,449

Fund Value @ 8%

65,932

Policy Details

Grace Period: grace period is not applicable under the plan

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 3.5% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges

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.

Inclusions

  • Unlimited Free partial withdrawals are allowed every year which should be a minimum of Rs.2500 and maximum of 50% of the Fund Value as on the date of withdrawal provided that the Fund Value shall not fall below Rs.30,000
  • 2 free switches are allowed per policy year

Additional Features or Riders

  • Riders are not available under the plan

Exclusions

  • The benefit paid in case of suicide within 12 months of policy inception is the fund value as on that date.

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.

Ulip Insurer2
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
ulipInsurer_3
Average Rating
(Based on 0 Reviews)
Ulip Insurer4
Ulip Insurer1

Ulip plans articles

Recent Articles
Popular Articles
Tata AIA ULIP Plan Calculator

07 Feb 2023

A Tata AIA ULIP Plan Calculator is a premium and returns
Read more
Difference between ULIP and Traditional Plans

03 Feb 2023

ULIP or Unit Linked Insurance Plan offers two options to a
Read more
How are ULIPs Surviving in the World of Mutual Funds?

31 Jan 2023

Often, investors get confused while comparing mutual funds with
Read more
How ULIP can build a Good Retirement Corpus

31 Jan 2023

Retirement planning becomes the primary concern of an employee
Read more
ULIP Vs. Fixed Deposit: Which is Better and Why?

31 Jan 2023

A Fixed deposit is the preferred saving option of many as it
Read more
ULIP Calculator
A ULIP calculator is a specifically developed tool which helps the insurance buyers to calculate the premium
Read more
ULIP Fund Returns
ULIP or Unit Linked Insurance plan  provides a combined benefit of investment and life cover. According to the
Read more
7 Things to Know About the Tax Benefits of ULIPs
Nowadays, Unit Linked Insurance Plans, i.e., ULIPs, have evolved as the popular income tax saving investment
Read more
SBI Life Smart Privilege Plan - All You Need to Know About Benefits & Features
One of the most trusted life insurance companies in India, SBI Life has recently come up with a new SBI Life
Read more
11 ULIP Charges You Should Know About
Unit-Linked Insurance plan (ULIP) offers dual benefits of insurance and investment. Unlike traditional insurance
Read more

top
  • Zero% commission
  • No hidden charges
  • Expert Advice
  • 100% calls recorded
Invest ₹10k/month Get ₹1Cr
Tax free on maturity*
Mobile +91
*T&C Applied.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL