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    Sahara Shubh Nivesh Jeevan Bima Plan

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    The Sahara Shubh Nivesh-Jeevan Bima Plan is a plan commonly chosen by individuals who are looking for an investment plan that provides security to your family and your finances. This plan helps with meeting future aspirations such as purchasing a house, a vehicle or even financing your children’s education. The deciding factor that helps individuals realize their dreams is if they make financial plans of investing in “Wealth Creation’ schemes. Some of the common features of this plan are:

    • Sum Assured shall be payable to the policyholder at the time of maturity
    • Policyholders can avail tax benefit under prevailing income tax laws
    • Sum assured can meet the financial needs and requirements of individuals

    Eligibility – Who is the Sahara Shubh Nivesh-Jeevan Bima Plan for?

    An individual will have to meet the eligibility criteria listed below to avail the Shubh Nivesh-Jeevan Bima Plan:

    Parameters Details
    Minimum Age of Entry 9 years (as on nearest birthday)
    Maximum Age of Entry 60 years (as on nearest birthday)
    Policy Term (Fixed) 10 years
    Maturity Age 70 years

    Sum Assured and Premium Range – What you get and what is costs

    Sum Assured

    The sum assured is based completely on the premiums that you will be required to pay to avail the benefits of the policy. The sum assured for Sahara Shubh Nivesh-Jeevan Bima Plan is listed below:

    Parameters Details
    Minimum Sum Assured Rs.50,000 after which increments of Rs.5,000 shall be made
    Maximum Sum Assured No limit

    Sum Assured Rebates

    Parameters Details
    Sum Assured is less than Rs.1.25 lakhs No rebate available on tabular premium
    Sum Assured is equal to or more than Rs.1.25 lakhs and lesser than Rs.2 lakhs 3.5% rebate available on the tabular premium
    Sum Assured is equal to or more than Rs.2 lakhs and lesser than Rs.4 lakhs 6% rebate available on the tabular premium
    Sum Assured is equal to or more than Rs.4 lakhs 8% rebate available on the tabular premium

    Premiums*

    Premiums are paid to the insurer to purchase a policy from them so that the individual can come under the umbrella of benefits and coverage that this plan has to offer. The premiums that a policyholder will have to pay towards a Sahara Shubh Nivesh-Jeevan Bima Plan are listed below:

    Parameters Details
    Yearly Premium This depends on the Sum Assured that the policyholder has chosen
    Premium Payment Term Single Premium

    *Premiums paid vary based on age, location, plan term and other factors

    Annual Premiums paid:

    Age Premium Term Maturity/Death Benefit Sum Assured
    35 years Rs.43,314 10 years Rs.80,000 Rs.80,000

    Premiums for a Sahara Shubh Nivesh-Jeevan Bima Plan can be made using any of the following ways:

    • Using payment gateways or internet banking
    • Payment in cash at the insurer’s branch office
    • Through the use of debit or credit cards
    • ECS/Direct Debit/Salary Deduction Scheme
    • With a cheque or demand draft

    Plan coverage – What the Sahara Shubh Nivesh-Jeevan Bima Plan covers

    The Sahara Shubh Nivesh-Jeevan Bima Plan offers a number of different benefits and these are listed in the table below:

    Parameters Details
    Death Benefits The Sum Assured at the time of death of the policyholder shall be payable by the company to the nominee or beneficiary of the policy. Sum Assured shall be no lesser than 125% of the Single Premium paid at the time of entry where the entry age is lesser than 45 years and shall be no lesser than 110% of the Single Premium for age of entry that is more or equal to 45 years.
    Maturity Benefit The Sum Assured at the time of maturity shall be payable to the policyholder on maturity of the policy.
    Tax Benefits As per the prevailing tax laws

    Exclusions – What the Sahara Shubh Nivesh-Jeevan Bima Plan doesn’t cover

    If the policyholder commits suicide within a year from the date of commencement of the policy or revival date, whether the policyholder is sane or insane at the time of death, the nominee or beneficiary of the policy shall be entitled to 80% of the premiums that have been paid.

    Other Key Benefits

    Parameters Details
    Free Look Period In case the policyholder is not satisfied with the “Terms and Conditions” of the policy, a 15 day period is provided where the insured can return the policy back to the insurer. The company will return any premiums that were made during this period after deducting any expenses incurred by the insurer such as stamp duty charges, medical expenses, etc.
    Grace Period Grace Period is not available with Single Pay plans.
    Nomination Nomination is allowed as per the existing tax laws under Section 39 of the Insurance Act, 1938.
    Assignment Assignment is allowed as per the prevailing tax laws under Section 38 of the Insurance Act, 1938.
    Loan Facility Loan facility is available for amount that come up to 90% of the Surrender Value.
    Surrender Value The Surrender Value shall be the higher value between:
    • The Guaranteed Surrender Value which is equal to 70% of the single premium that is paid. The Guaranteed Surrender Value stands at 90% of the single premium that is paid if the policy is surrendered after a period of three years from the time of inception of the policy.
    • Special Surrender Value calculation shall be conducted based on the experience of the company and this is subjectable to change by the company without prior notice.

    Tax Benefits – How you can save with the Sahara Shubh Nivesh-Jeevan Bima Plan

    A policyholder can enjoy tax benefits on any premium that is paid towards Sahara Shubh Nivesh-Jeevan Bima Plan under the prevailing tax laws under Section 80C and for monthly income received by the policyholder under 10(10D) of the Income Tax Act, 1961. Tax benefits are subject to changes without prior notice so it is important that the policyholder consults a Tax Advisor to stay informed about any changes made.

    Other Benefits - How you can save with the Sahara Shubh Nivesh-Jeevan Bima Plan

    Listed below are the benefits that you can avail by choosing the Sahara Shubh Nivesh-Jeevan Bima Plan:

    • Get policy updates through SMSes
    • Manage the policy online
    • Get coverage for your entire family
    • You can ask for an advisor to guide you
    • Get a quote easily online for your insurance policy
    • Register and track claims easily online
    • Download brochures and policy bonds online
    • Contact the customer care through various avenues
    • Get a quote easily online for your insurance policy
    • Pay premiums online
    • Download brochures and policy bonds for Sahara Shubh Nivesh-Jeevan Bima Plan online

    Why you should buy the Shubh Nivesh-Jeevan Bima Plan from Sahara India Life Insurance Company Ltd?

    Sahara India Life Insurance Company Limited is a wholly owned Indian insurance company that entered the Indian life insurance market in the year 2004. The company offers a plethora of insurance products from endowment plans and ULIPs to annuity and money back plans. It offers personal insurance as well as group insurance plans which are designed to cater to the needs and requirements of its customers that hail from different backgrounds. Sahara Shubh Nivesh-Jeevan Bima Plan offers an added level of financial protection to the life assured’s family in the case of any unfortunate event such as accidental death. This plan specifically comes in handy when you intend on purchasing a house or vehicle or if you are in dire need of financial aid to help fund your children’s education.