Check the list of Sahara Life Money Back Plans. Sahara Life Insurance offers new Money Back Plans so that the life assured can live tension and stress-free life. The policyholder has a wide range of options to choose the plan. So check various Sahara Life Insurance Money Back Plans like Sahara Pay Back Jeevan Bhima, Sahara Dhanvriddhi Jeevan Bhima, Sahara Dhanvarsha Jeevan Bhima. So as per your requirements, you can select any of the Money Back Plans that satisfy your needs. In this article, we are providing the Key Features, Benefits and Eligibility of different Sahara Life Money Back Plans.
Sahara Life Money Back Plans Review
Sahara Life Money Back Plan is a Traditional Money Back Protection cum Savings Plan. The Sahara Life Insurance Company has introduced this plan to fulfil long term goals and dreams of the policyholder. This Plan gives the double benefit of guaranteed money back at regular intervals along with the protection in case of the unpredicted event. Sahara Life Money Back Plans also provides the regular payouts after every five years to fulfil the financial requirements like child’s education, owning a car, etc. Along with the short-term financial needs, the life assured will get the lump sum amount as maturity benefit after completion of the policy term.
So choose the best Money Back Plan & Calculate Premium. Check Buying and claiming process of Sahara Life Money Back Plans. The company also offer excellent benefits and features. The process is clearly given in this article. The various Money Back Plans present in the Sahara Life Insurance is listed below.
- Sahara Pay Back Jeevan Bhima.
- Sahara Dhanvriddhi Jeevan Bhima.
- The Sahara Dhanvarsha Jeevan Bhima.
Sahara Life Insurance Money Back Plans Benefits
- Maturity Benefit: The sum assured plus guaranteed addition accrued during the policy term will be payable as maturity benefit on the death of the maturity of the policy.
- Death Benefit: If the life assured expires within the policy period, then the company will pay highest of the chosen sum assured. The death benefit is payable will be sum assured on death irrespective of the amount of survival benefit paid.
- Tax Benefit: The premium paid and benefit under this policy are eligible for Income Tax Benefits as per prevailing Income Tax Law.
Sahara Life Pay Back Jeevan Bhima Plan
The Sahara Life Pay Back Jeevan Bhima Plan is a Non-Linked limited premium with profit Endowment Plan. The Unique Identification umber of this Plan is 127N035V01.
- Sahara Life Pay Back Jeevan Bhima Plan is a single premium plan.
- This Plan is suitable for those who want safety, guaranteed returns and tax benefits.
- The life assured will receive a Lump Sum Amount on Maturity of the policy.
- In the case of Sudden Death of the insured, the entire Sum Assured + Accrued Guaranteed Addition is payable as Death Benefit irrespective of survival benefits already paid.
- A Special Premium Rebate is available under this Pay Back Plan for higher Sum Assured.
- In this Plan, you have the option to choose Policy Term Sum Assured based on your savings & protection needs.
- Sahara Life Provides Financial Support to the Family of the Deceased Policyholder by paying Guaranteed Additions to the Nominee every year.
Survival Benefit: Survival Benefit is payable at specified intervals as mentioned below.
| Policy Term | Policy Anniversaries |
| 12 | At the end of 3rd, 6th, 9th years |
| 16 | 4th, 8th, 12th |
| 20 | 5th, 10th, 15th |
Eligibility Conditions for Sahara Life Pay Back Plan
| Eligibility | Conditions |
| Entry Age |
|
| Sum Assured |
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| Policy Term |
|
| Premium |
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| Maximum Coverage Age | 70 years |
| Mode of Premium | Yearly, Half-yearly, Quarterly, Monthly |
For more details, Check the Sahara Life Pay Back Plan Broucher
Sahara Life Dhanvriddhi Jeevan Bhima Plan
The Sahara Life Dhanvriddhi Jeevan Bhima Plan is a Single Premium Money Back Endowment Assurance without profit plan. The Unique Identification Number of this plan is 127N034V01.
- It is a Single Premium Plan.
- This not only provides financial security but also returns specified percentage of the sum assured at regular intervals.
- The plan provides the regular payouts to fulfil the short-term financial needs such as child’s education, first car or a holiday trip with the family of the life assured.
- If the insured invest today and then the insured will reap the benefit at regular intervals as well as at maturity.
- This Plan offers all the benefits in a single package without burdening you to pay the premium for the entire term.
Survival Benefit: Survival Benefit is payable at specified intervals as mentioned below.
| Policy Term | Policy Anniversary |
| 9 | At the end of 3rd, 6th years |
| 12 | 3rd, 6th, 9th years |
| 15 | 3rd, 6th, 9th, 12th years |
Eligibility Conditions for Sahara Life Dhanvriddhi Jeevan Bhima Plan
| Eligibility | Conditions |
| Entry Age |
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| Sum Assured |
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| Policy Term | 9, 12, 15 years |
| Premium Payment Mode | Single Premium Mode |
| Maximum Maturity Age | 70 years |
For more details, Check the Sahara Life Dhanvriddhi Plan Broucher
Sahara Life Dhanvarsha Jeevan Bhima Plan
The Sahara Life Dhanvarsha Jeevan Bhima Plan is a limited premium Money Back Endowment Assurance without Profits Plan. The Unique Identification Number of this plan is 127N030V01.
- This Plan is suitable for those who want safety, guaranteed returns & tax benefits.
- The life assured will receive a Lump Sum Amount on Maturity of the policy.
- In the case of Sudden Death of the insured, the entire Sum Assured + Accrued Guaranteed Addition is payable as Death Benefit irrespective of survival benefits already paid.
- A Special Premium Rebate is available under this Pay Back Plan for higher Sum Assured.
- In the case of unfortunate events, this plan helps you to protect your family from financial hardships.
- This plan gives you a double benefit of guaranteed money back at regular intervals.
Survival Benefit: Survival Benefit is payable at specified intervals as mentioned below.
| Policy Term | Policy Anniversary |
| 15 | At the end of 3rd, 6th, 9th, 12th year |
| 20 | 4th, 8th, 12th, 16th year |
Eligibility Criteria for Sahara Life Dhanvarsha Jeevan Bhima Plan
| Eligibility | Conditions |
| Entry Age |
|
| Sum Assured |
|
| Policy Term |
|
| Maximum Coverage Age | 70 years |
| Mode of Premium | Yearly, Half-yearly, Quarterly, Monthly |
For more details, check the Sahara Life Dhanvarsha Jeevan Bhima Plan Broucher
Sahara Life Insurance Premium Calculator
The life assured can easily calculate the premium amount to be paid to the chosen policy in online without reach the branch office. The documents required to calculate the premium.
- Name of the Policyholder.
- Email Id.
- Category Name.
- Policy Number.
- Mobile Number.
- Age Proof.
- Policy Term and Sum Assured.
Sahara Life New Policy Buying Process
You can Buy the Sahara Life Money Back Plans from the Nearest Branch Office or from the Agent of the company. The Documents required for buying Sahara Life Money Back Plans are listed below.
- Age proof.
- Address proof.
- Application form/Proposal form along with the photo.
- Medical reports (if required).
Sahara Life Insurance Claim Procedure
Also, for claiming Sahara Life Buyed policies, the policyholder may visit the nearest Branch of Sahara Life. Rather than visiting the branch office, Online Process is convenient to the life assured. Before going to fill the application form, you have the following documents. As a result, you can save your time for claiming process of policy.
- NEFT Form.
- Discharge Form.
- Cancel check or Bank Passbook xerox.
- Policy bond.
- Death certificate.
Additional Information about Sahara Life Endowment Plans
Free Look Period:
If the policyholder is not satisfied with the policy terms and conditions, you may return the policy within the Free Look Period mentioned by the company.
Grace Period:
If the life assured have not paid the premium within time, the company would provide a grace period to make the policyholder pay the premium within that time.
Surrender Value:
Sahara Life Money Back Plans can be Surrendered at any time during the Policy Term after successful payment of premium for three Successful years. The life assured will receive Surrender Benefit which is higher of the minimum guaranteed surrender value and special surrender value on Surrendering the Policy.
Guaranteed Surrender Value:
The Guaranteed Surrender Value is defined as the Guaranteed Surrender Value Factor Multiplied by the Total Premiums Paid (excluding taxes, and extra premium, if any) Minus Survival benefit.
Exclusions:
- Persons working in unsafe occupations will not be eligible to take this Plan, or those Persons can buy this product at higher premium rates.
Suicidal Exclusion:
- If the policyholder commits suicide at any time within one year / 12 months from the date of commencement of risk, the corporation will pay 80% of the premiums paid excluding any taxes and extra premium paid.
- If the insured commits suicide at any time within 12 Months from date of revival, the corporation will pay 80% of the premiums paid till the Date of Death.