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  • Sahara Life Insurance Unit Linked Plans

    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 Unit Linked Insurance Plans (ULIPs) from Sahara Life Insurance offer you life insurance protection and market-linked savings under the same product. A part of the premium paid towards a ULIP is utilised for providing life insurance coverage, while the remaining part is invested in debt or equity instruments. The policyholder can choose the funds in which the investments are made, based on his/her risk appetite.

    Benefits of Sahara Life Insurance Unit Linked Insurance Plans

    • Sahara Life Insurance Unit Linked Insurance Plans provide the policyholder a chance to participate in the investment market. Policyholders can choose from a set of funds that the insurer will invest the premiums in.
    • ULIPs offer dual benefits of returns from the capital market and life insurance protection.
    • If the life assured faces death during the policy term, the nominee is paid the highest among the sum assured and the market value of the investment.
    • The fund value is paid to the life assured at the time of policy maturity.
    • The ULIPs offered by Sahara Life Insurance provide the option of partial withdrawals after five years of policy commencement.
    • Surrender of a ULIP is also possible. The surrender value is paid to the policyholder in this case.

    List of Unit Linked Insurance Plans provided by Sahara Life Insurance

    The Unit Linked Insurance Plans offered by Sahara Life Insurance are the following:

    Sahara Sanchit Jeevan Bima:

    Sahara Sanchit Jeevan Bima is a one-of-a-kind single premium unit linked insurance product that offers you life insurance cover along with market linked investment benefits. The plan offers you the potential of earning high returns throughout the tenure. Customers can choose the investment funds based on their investment horizon and risk profile, at specific intervals throughout the policy term.

    Benefits and Features of Sahara Sanchit Jeevan Bima

    1. Death Benefit - Provided that the policy is in-force, if the life assured faces death during the term, the nominee is paid a death benefit that is the higher of:
    • The sum assured minus partial withdrawals (if any) in the last two years preceding death.
    • Fund Value, as on the date of intimation of death.
  • Maturity Benefit - If the life assured survives till the end of the policy term, the prevailing fund value as on the maturity date is paid out as death benefit.
  • Surrender benefit - Sahara Sanchit Jeevan Bima can be surrendered at any time during the policy tenure. But the surrender value is paid after the policy completes 5 years. When the surrender value is paid out, the policy terminates.
  • Partial withdrawals - Partial withdrawals are allowed under the plan after 5 policy years. Maximum partial withdrawal allowed is 50% of the fund value, subject to certain conditions.
  • Premium payments - Payment towards the policy can be made only in the form of a single premium.
  • Plan Name Entry Age (yrs) Sum Assured Premium
    Sahara Sanchit Jeevan Bima Minimum - 18 Maximum - 65
    • For entry age up to 45 years - 125% of the single premium
    • For entry age of 45 years and above- 110% of the single premium
    Minimum premium - Rs.30,000 Maximum premium - No limit Top-up premiums are not allowed under the plan.

    Sahara Utkarsh Jeevan Bima :

    Sahara Utkarsh Jeevan Bima is a unit linked plan that provides both risk coverage and returns linked to the investment market. The policyholder has the potential to earn good returns by opting for this policy. The plan enables policyholders choose their risk profile at various points during the policy term.

    Benefits and Features of Sahara Utkarsh Jeevan Bima

      1. Death benefit - If the life assured passes away while the policy is in-force, the nominee will receive the death benefit. This will be the sum assured plus fund value as on the date of intimation of death.
      2. Maturity benefit - If the life assured survives till the date of policy maturity, he/she will receive the fund value as payout.
      3. Surrender value - The policyholder can choose to surrender the plan at any time during the tenure. However, the surrender value is payable only after 5 policy years have been completed.
      4. Partial withdrawal - The policyholder can choose to partially withdraw funds from the policy after the completion of 5 years. The maximum amount that can be availed this way is 50% of the fund value. The minimum value that can be partially withdrawn is Rs.2,500. Partial withdrawals are offered completely free of charges.
      5. Premium payment mode - The policyholder can choose to pay premiums at yearly or half-yearly frequencies. Alternatively, he/she can choose the single premium mode of payment, as well.
      6. Fund switching - The policyholder can switch between funds at any time during the policy tenure. Two free switches per year will be free of charges. Subsequent switches will be charged at the rate of Rs.100 per switch. Switching charges are recovered by cancelling units.
      7. Riders - The plan coverage can be enhanced through the use of the Accidental Benefit & Accidental Total & Permanent Disability Benefit Rider.
    Plan Name Entry Age (yrs) Maturity Age (yrs) Sum Assured
    Sahara Utkarsh Jeevan Bima Minimum - 12 Maximum - 55 Maximum - 70 For single premium plan:
    • When the entry age is less than or equal to 45 years, the sum assured is 125% of the single premium.
    • When the entry age is 46 years or above, the sum assured is 110% of the single premium.
    For regular premium plan:
    • When the entry age is less than or equal to 45 years, the sum assured is 10 times the annualised premium.
    • When the entry age is 46 years or above, the sum assured is 7 times the annualised premium.

    Sahara Sugam Jeevan Bima:

    Sahara Sugam Jeevan Bima is a unit linked insurance plan that provides the life assured a unique blend of market linked returns and risk coverage. The policyholder stands to earn higher returns on premiums paid, as the plan participates in the investment market. Customers can choose the investment plan according to their risk appetite and investment horizon.

    Benefits and Features of Sahara Sugam Jeevan Bima

      1. Death benefit - If the life assured faces death within the policy tenure, the nominee gets the death benefit. This is higher of:
        1. The sum assured minus partial withdrawals (if any) during the two years preceding death
        2. The policy fund value at the time of death
      2. Surrender value - The policyholder can choose to surrender the plan at any time during the tenure. The surrender value is, however, paid after the completion of 5 policy years.
      3. Partial withdrawals - Partial withdrawals are allowed under the plan after 5 policy years have been completed. This is subject to all premiums being paid and the life assured having attained majority. The maximum amount that can be partially withdrawn is 50% of the fund value. The minimum amount that can be partially withdrawn is Rs.2,500. Partial withdrawals are not charged any fees.
      4. Premium payment modes - Premiums can be paid towards the plan on an annual basis.
      5. Fund switching - The policyholder can switch between funds, if needed. This is possible if all premiums have been paid. Two switches are allowed absolutely free of any charges. Additional switches are charged Rs.100 per switch.
    Plan Name Entry Age (yrs) Maturity Age (yrs) Sum Assured
    Sahara Sugam Jeevan Bima Minimum - 10 Maximum - 55 Maximum - 70 10 times the annualised premium

    Why do you need Sahara Life Insurance Unit Linked Insurance Plans?

    The unit linked insurance plans from Sahara Life Insurance provide return from investment and life insurance protection to the life assured. The value of your savings are enhanced over time when you opt for a ULIP. Apart from this, premiums paid towards a ULIP and payouts received are eligible for tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, respectively. However, tax rules are subject to change regularly. So, it is advisable to contact a tax advisor to understand the latest provisions.

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