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Sahara Life Insurance Endowment Plans

Sahara Life Insurance Endowment Plans are a category of investment plans offered by Sahara Life Insurance. This category has 3 different types of plans and they are Sahara Shrestha Nivesh – Jeevan Bima, Sahara Shubh Nivesh Jeevan Bima, and Sahara Dhan Sanchay - Jeevan Bima. Equipped with unique features and benefits, each of these plans have amazing investment features. The Sahara Life Insurance Endowment Plans provide you with outstanding life cover and secure your as well as your family’s future. All these plans are designed to meet the standards of investment as well protection needs so that you can make wise investments and lead a worry-free life.

Benefits of Sahara Life Insurance Endowment Plans

The following are the benefits of Sahara Life Insurance Endowment Plans:

  • Under these plans, the policyholders are entitled to a death benefit. During the period of the policy, if the age of the policyholder is less than 45 years, the sum assured following the unfortunate demise of the policyholder will be higher than the minimum guaranteed sum assured or 10 times of the paid annual premium.
  • If you survive during your policy period, you will receive survival benefits on a frequent basis within fixed periods.
  • The policyholder can choose to pay the premium as per their convenience on a monthly, quarterly, half-yearly, or yearly basis.
  • Attractive percentage of rebates are available on various modes of premium payment.
  • These plans allow you to choose from limited premium and single premium.
  • The policyholder will receive a guaranteed surrender value that will be exclusive of rider premiums and the taxes that are supposed to be applicable.

List of endowment plans offered by Sahara Life Insurance

These are the various endowment plans offered by Sahara Life Insurance:

Sahara Shreshtha Nivesh Jeevan Bima :

This is a single premium without profit endowment plan that provides financial security to you and your family at one go. Hence, you don't stay under the obligation of paying annual premiums. This plan is for individuals who have an unpredictable, uneven, or seasonal stream of income. So, in case you suddenly have a good amount of money with you from the sale of a property or from a bonus, you can invest it into this plan and enjoy its benefits for a long time. This plan has been designed keeping in mind the need for investment and protection in today's world.

Benefits and Features

The following are features and benefits of Sahara Shreshtha Nivesh Jeevan Bima:

  • Under this plan, you just have to pay your premium once and reap the benefits of the plan for a long time. This single-premium plan lets you be free of yearly commitment of paying a premium.
  • This plan provides you with great liquidity in funds.
  • Under this plan, you will receive tax benefits on the premiums that have been paid by you. These tax benefits will be as per the income tax laws in the country.
  • This plan is suitable for anyone who has an unpredictable source of income.
  • Under this policy, you can get high sum assured rebates.
  • Under this plan, you will receive death as well as maturity benefits.
Criteria Details
Minimum entry age 9 years
Maximum entry age 60 years
Minimum sum assured Rs.30,000
Maximum sum assured Rs.1 crore
Minimum single premium For the entry age of 9 years, the minimum single premium is Rs.16,992
Maximum single premium For the entry age of 60 years, the maximum single premium is Rs.71,17,825
Policy term 5 t 10 years depending on the minimum maturity age of 19 years
Premium paying term Single
Maximum maturity age 70 years

Sahara Shubh Nivesh Jeevan Bima :

This is a single premium without profit investment plan that comes with an added advantage of life cover that can be obtained up to maturity by paying the premium only once. This plan is suitable for those who have planned their lives by fixing goals to attain at various stages of life. For instance, if you want to buy a house or send your children abroad for education. Such dreams can be fulfilled if you have your finances planned in the right manner. A good wealth creation plan like this can help you fulfill your dreams and aspirations. This plan not only offers better liquidity but it is also suitable for customers who are keen on making good investments.

Benefits and Features

The following are the benefits and features of Sahara Shubh Nivesh Jeevan Bima:

  • Under this plan, you just have to pay your premium once and reap the benefits of the plan for a long time.
  • This plan provides you with great liquidity in funds.
  • This plan offers life cover for the entire policy term.
  • You can take a loan anytime in the entire term of the policy. The loan that you will apply for will be granted 90% of surrender value. The rate of interest charged will be fixed by the insurance company.
  • Under this plan, you will receive maturity as well as death benefits.
  • Under this plan, you will receive tax benefits on the premiums that have been paid by you. These tax benefits will be as per the income tax laws in the country.
  • You will receive a guaranteed surrender value that will be equal to 70% of the premium paid by you.
Criteria Details
Minimum entry age 9 years
Maximum entry age 60 years
Minimum sum assured Rs.50,000
Maximum sum assured There is no limit on the sum assured
Policy term There is a fixed policy term of 10 years
Premium paying term Single
Maximum maturity age 70 years

Sahara Dhan Sanchay Jeevan Bima :

Financial security and wise investment have become the keys to a happy life. Every individual dreams of providing their family with a happy and secured future. Sahara Dhan Sanchay Jeevan Bima helps you do just that. It is a conventional participating investment plan that doesn't just help you in planning your financial aims but also provides you with a table income that gets added to your benefits and life cover for the entire term of the policy. This plan gives you a perfect mix of financial protection and steady income. It is suitable for individuals who are looking for tax benefits, good inflow of cash, returns, and safety.

Benefits and Features

The following are the benefits and features of Sahara Dhan Sanchay Jeevan Bima:

  • You get the liberty to choose your premium paying mode from monthly, quarterly, half-yearly, and yearly.
  • You can surrender the policy after having paid three years' premium. The higher of the guaranteed surrender value and the special surrender value will be paid.
  • Under this plan, you will receive tax benefits on the premiums that have been paid by you. These tax benefits will be as per the income tax laws in the country.
  • You can take a loan anytime in the entire term of the policy. The loan that you will apply for will be granted 90% of surrender value. The rate of interest charged will be fixed by the insurance company.
  • Under this plan, you receive death as well as maturity benefits.
Criteria Details
Minimum entry age 14 years
Maximum entry age 50 years
Minimum sum assured Rs.50,000
Maximum sum assured There's no limit on the maximum sum assured
Minimum policy term 15 years
Maximum policy term 50 years depending on a maximum maturity age of 70 years
Premium paying term Same as the policy term
Maximum coverage age 70 years

Why does one need Sahara Life Insurance Endowment Plans?

Sahara Life Insurance Endowment Plans provides the policyholder the perfect blend of savings and investments. The single-premium plans make it easier for the policyholders to invest a one-time amount and relax for the rest of the policy term. With this amount, they secure theirs as well as their family’s future. One of the plans even ensures a steady flow of income. This helps the policyholder to get free of any financial stress at any point of their life. These plans also offer an amazing rate of rebate on the sum assured that makes it even more beneficial and pocket-friendly for the policyholder.

The Sahara Life Insurance company provides an array of insurance products that are designed keeping in mind the various needs of the investor.