Sahara Life Insurance Money Back Plans are a category of money back plans offered by Sahara Life Insurance. This category has 3 different types of plans and they are Sahara Pay Back – Jeevan Bima, Sahara Dhanvriddhi Jeevan Bima, and Sahara Dhanversha-Jeevan Bima. Each of these plans offers great money-back features. Each plan is unique in its offerings. The Sahara Life Insurance Money Back Plans provide you with outstanding life cover and exceptional returns for competent financial management. You can review the different benefits offered by these money-back plans and then take your pick.
These are the benefits:
These are the various money back plans provided by the organisation:
This plan is a limited premium plan that is non-linked in nature. It is a profit endowment plan with a great money-back option. You can invest your money in lump-sum funds at frequent intervals. You will receive assured money back as well as protection for your life with this plan.
Benefits and features
This plan is a single-premium money back plan that provides life cover until the policy matures. It does not offer profits. It will return your sum assured over frequent periods and also return your premium once the policy matures. According to the sum assured that you choose, you will get guaranteed additions. It is an endowment assurance without profits plan.
|Sum assured below Rs.1,00,000||No rebate|
|Sum assured more than or equal to Rs.1 lakh and lesser than Rs.3 lakh||2%|
|Sum assured more than or equal to Rs.3 lakh and lesser than Rs.5 lakh||5%|
|Sum assured more than or equal to Rs.3 lakh and lesser than Rs.1 crore||8%|
This is a conventional non-participating plan. It is a limited premium endowment plan. If you face any unexpected and ill-fated incident such as death, injury or disability, your family members will not be left in the lurch. They will be able to lead an independent life without having to ask others for financial support. Your dependents can achieve their career goals or other personal goals even when you are not around. With this plan, they will not be forced to give up on their dreams. It offers you with payments during frequent intervals.
Let us take a look at the specific details regarding each money back plan offered by Sahara Life Insurance:
|Plan name||Entry age or issue age||Maximum coverage or maturity age||Sum assured|
|Sahara Pay Back – Jeevan Bima||16 to 50 years (nearer birthday)||70 years||Minimum: Rs.75,000 and thereafter in multiples of Rs.5,000 Maximum: Rs.1 crore and this depends on underwriting.|
|Sahara Dhanvriddhi Jeevan Bima||9 to 60 years (nearer birthday)||70 years||Minimum: Rs.50,000 Maximum: Rs.1 crore and this depends on underwriting.|
|Sahara Dhanversha-Jeevan Bima||15 to 55 years (nearer birthday)||70 years||Minimum: Rs.75,000 and thereafter in multiples of Rs.5,000 Maximum: There is no limit and this depends on underwriting.|
Sahara Life Insurance Money Back Plans are designed to provide you with lump sum funds for your abundant financial needs. With assured returns and guaranteed cash inflow over fixed regular intervals, you will be able to handle all your responsibilities as well as needs.
Sahara India Life Insurance Company Ltd. is a wholly and purely Indian life insurance corporation that offers innovative insurance solutions for various purposes. The company has different plans for each individual’s needs. The organisation has a reliable grievance redressal procedure.