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Sahara Life Insurance Money Back Plans

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.

Benefits of Sahara Life Insurance Money Back Plans

These are the benefits:

  • These plans provide you with a death benefit. During the policy period, if the policyholder’s entry age is below 45 years, then the minimum sum assured or 10 times of annualised premium, whichever is higher, will be provided as a death benefit to the nominee. If the policyholder’s entry age is higher or equal to 45 years, then the minimum sum assured or 7 times the annualised premium, whichever is higher, will be given as a death benefit to the nominee.
  • If you survive during your policy period, you will receive survival benefits on a regular basis within fixed periods.
  • All these plans offer guaranteed money back which will help you meet your numerous financial expenditures. You will be able to save funds proficiently for several years to come.
  • These plans allow you to choose from limited premium and single premium.
  • You can go for a profit plan or a without-profit plan.

List of Money Back Plans offered by Sahara Life Insurance

These are the various money back plans provided by the organisation:

Sahara Pay Back – Jeevan Bima:

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

  • The Sahara Pay Back – Jeevan Bima Plan is ideal for any individual who is looking for financial security and tax benefits.
  • You will also gain brilliant guaranteed returns along with a regular source of cash inflow.
  • You can take this traditional plan to keep your family members financially secure in case you die or get injured or face a critical illness.
  • It is a participating endowment plan.
  • This plan provides rebates on your premiums when you choose an annual mode or a half-yearly mode. For an annual mode, you will get a 3% rebate and for a half-yearly mode, you will get a 1.5% rebate.
  • This plan provides a death benefit, a maturity benefit, and survival benefits.
  • Your premium paying term can be as follows: 5 years for a 12-year policy period, 5 years or 10 years for a 16-year policy period, 5 years or 10 years or 15 years for a 20-year policy period.
  • You can choose any of these premium payment modes under this plan: once a year, once in 6 months, once in 3 months, and once a month.

Sahara Dhanvriddhi Jeevan Bima:

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.

Benefits and features

  • This plan will provide you with life cover and also give you funds on a regular basis. This will provide you with a steady source of income over different fixed periods.
  • You will be able to obtain all your benefits in one single package. You will not have to pay premiums over different intervals as it is a single-premium plan.
  • It is suitable for anyone who does not mind taking risks.
  • If you have frequent monetary commitments and duties, you can go for this plan as it offers continuous payments.
  • This plan provides you with great liquidity in funds.
  • This plan will give you tax benefits when you make your premium payments.

Rebates on premium payments for Sahara Dhanvriddhi Jeevan Bima

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%

Sahara Dhanversha-Jeevan Bima:

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.

Benefits and features

  • This plan will provide you with rebates on your premiums if you select the yearly or half-yearly mode. With the annual mode, you will get a 3% rebate and with the half-yearly mode, you will get a 1.5% rebate.
  • You will receive tax benefits with this plan.
  • This plan will give you definite money-back options.
  • You can meet your multiple financial requirements with this plan.
  • This plan offers a double benefit of definite money back. This will help you manage your finances very efficiently. You will receive a good sum assured with this plan depending on the premiums that you pay.

Details of the money back plans offered by Sahara Life Insurance

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.

 

Why one needs Sahara Life Insurance Money Back Plans?

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.