• Sahara Kavach Plan

    Life Insurance
    • Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
    • Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
    • Do more with plans that offer pure protection, retirement planning and investment options

    Sahara Kavach is a term insurance plan that is useful for people with limited savings but who desire to protect their families against unprecedented events in life. The plan offers a chance to get a large risk cover by paying a lower premium than most plans. If the life assured succumbs to death during the policy term, the sum assured is paid to his/her family to help them survive the difficult phase.

    Eligibility -Who is the Sahara Kavach Term Insurance Plan for?

    In order to be able to buy the Sahara Kavach Term Insurance Plan, a customer will have to fulfill certain eligibility criteria laid down by the insurer. These factors are associated with the age of the life assured and the amount of coverage requested. These eligibility conditions are mentioned in the table below:

    Parameter Eligibility
    Minimum Entry Age 18 years
    Maximum Entry Age 50 years
    Maximum Coverage Age 65 years
    Minimum Benefit Term 15 years
    Maximum Benefit Term 20 years
    Premium Payment Term Equal to policy term

    Sum Assured and Premium Range - What you get and what it costs

    Sum Assured:

    The policy offers the sum assured as death benefit to the nominee of the life assured. The minimum sum assured under the plan is Rs.5 lakh. The sum assured is paid thereafter in multiples of Rs.50,000. There is no limit on the maximum sum assured.


    The premiums under the plan are payable on an annual frequency for sum assured of Rs.5 lakh. The variance in premium based on age and policy term is as follows:

    Age Policy Term
      15 years 16 years 17 years 18 years 19 years 20 years
    20 years Rs.1,407 Rs.1,407 Rs.1,407 Rs.1,407 Rs.1,407 Rs.1,407
    25 years Rs.1,504 Rs.1,504 Rs.1,504 Rs.1,504 Rs.1,552 Rs.1,552
    30 years Rs.1,649 Rs.1,698 Rs.1,698 Rs.1,746 Rs.1,746 Rs.1,795
    35 years Rs.2,134 Rs.2,183 Rs.2,231 Rs.2,280 Rs.2,328 Rs.2,425
    40 years Rs.3,056 Rs.3,153 Rs.3,250 Rs.3,347 Rs.3,395 Rs.3,492
    45 years Rs.4,608 Rs.4,705 Rs.4,899 Rs.5,044 Rs.5,190 Rs.5,335

    Plan coverage - What the Sahara Kavach Term Insurance Plan covers

    The Sahara Kavach Term Insurance Plan from Sahara Life Insurance offers financial protection to the family of the life assured to survive difficult times. The term assurance plan offers the sum assured to the nominee if the insured person faces death during the term of the policy.

    There is no maturity benefit under this plan, as it is a pure term insurance product.

    Exclusions - What the Sahara Kavach Term Insurance Plan doesn’t cover

    Suicide Exclusion - If the life assured commits suicide while the policy is in-force, the life coverage will be void and all payments made under the policy will be forfeited. This is applicable, irrespective of the sanity of the life assured.

    Other Key Features – Freelook Period, Surrender Values, Grace Period etc.

    Sahara Kavach Term Insurance Plan is characterised by the following key features:

    Premium payment mode Premiums can be paid towards the plan at annual, semi-annual, quarterly and monthly frequencies.
    Premium rebates For policies with annual and semi-annual modes of premium payment, the insurer offers a premium rebate of 3% and 1.5%, respectively.
    Discontinuance of premiums If the premiums are discontinued, the policy lapses when the grace period ends. It is possible to revive a lapsed policy within 5 years from the due date of the outstanding premium.
    Surrender value There is no surrender value under the Sahara Kavach Term Insurance Plan.
    Policy loan It is not possible to avail a loan under the policy.
    Grace period The grace period under the Sahara Kavach Term Insurance Plan is:
    • For policies with yearly, half-yearly, and quarterly modes of premium payment - 30 days
    • For policies with monthly mode of premium payment - 15 days

    Tax benefits – How you can save with the Sahara Kavach Term Insurance Plan

    • Premiums paid towards the Sahara Kavach Term Insurance Plan are eligible for tax benefits under Section 80C of the Income Tax Act.
    • Under Section 10(10D), the death benefit received under the plan will not be taxed like an income.
    • Tax rules are subject to modification from time to time. So, please check the prevailing tax provisions before investing in the plan.

    Other benefits – How you can save with the Sahara Kavach Term Insurance Plan

    A customer who purchases a plan from Sahara India Life Insurance Company Limited will benefit greatly, as the insurer offers several other services in addition to the ones mentioned above.

    Premium calculator The website of Sahara Life Insurance offers customers a premium calculator using which they can understand the sum assured they stand to receive from a policy and the premium paid towards it.
    Grievance redressal The insurer has a grievance redressal cell where customers can raise their issues. Grievances are generally addressed by Sahara Life Insurance within 10 working days. The customer can visit the insurer's branch or send an email to grievance.life@sahara.in to raise grievances. He/she can also call the insurer's toll-free number for the same.
    Insurance advisor Sahara Life Insurance offers customers the facility of getting expert advice on insurance products from a certified insurance consultant. The customer only needs to update and submit an online request form for the same.
    Premium payment The insurer accepts premium payments through cash or cheque.

    Why should you buy Sahara Kavach Term Insurance Plan from Sahara India Life Insurance Company Limited?

    Sahara India Life Insurance Company Limited is the first completely Indian-owned insurance solutions provider in the private sector. The aim of the insurance company is to ensure that all sections of the society can get access to life insurance coverage. As a part of this vision, the insurer has been focussing on insurance penetration to the rural regions of the country. The products offered by Sahara Life Insurance are also easy to understand and highly affordable. These schemes cover the varied insurance needs of customers from different age and income groups.The claim settlement ratio of the insurer in FY16 was a robust 90%. The company has also received several awards for its commitment to customer service and innovations in marketing.

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