Sahara India Life ULIP Plans

Features and Benefits of Sahara Utkarsh Jeevan Bima

The Sahara Utkarsh Jeevan Bima plan has a wide range of features and benefits such as:

1. The minimum entry age is 12 years the maximum is 55 years
2. The maximum maturity age under this plan is 70 years
3. The minimum duration of the policy is 8 years and the maximum is 20 years
4. While there is no maximum limit on the premium amount, under the Regular Pay option the minimum premium amount is Rs 20,000 and under the Single Pay option the minimum premium amount is Rs 50,000
5. Premium can be paid either yearly or half-yearly

1. The policyholder can opt to pay the premium for the entire term of the plan under the Regular Pay Option or in the form of a lump sum at the start of the plan under the Single Pay Option
2. The policyholder can choose from five different types of funds such as:
   1. Secured Fund
   2. Balanced Fund
   3. Smart Fund
   4. Growth Fund
   5. Prima Fund
3. The entire fund value is paid to the policyholder at the time of maturity
4. The policyholder is allowed two free switches between his funds every year
5. The policyholder can avail of Income Tax benefits on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

2. Sahara Sugam Jeevan Bima

The Sahara Sugam Jeevan Bima plan is a Unit Linked Insurance Plan with a Regular Pay option plan wherein the customer can avail of life insurance coverage as well as higher potential returns on the premium paid through investment in capital markets by the company.

Features and benefits of Sahara Sugam Jeevan Bima

The Sahara Sugam Jeevan Bima plan has a wide range of features and benefits such as:

1. The minimum entry age is 10 years the maximum is 55 years
2. The maximum maturity age under this plan is 70 years
3. The policy terms on offer are 10, 15 and 20 years
4. The premium paying term is equal to the policy term
5. Premium is paid on a yearly frequency
6. The policyholder can choose from five different types of funds such as:
   1. Secured Fund
   2. Balanced Fund
   3. Smart Fund
   4. Growth Fund
   5. Prima Fund
7. The entire fund value is paid to the policyholder at the time of maturity
8. The policyholder is allowed two free switches between his funds every year
9. The policyholder can avail of Income Tax benefits on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.
10. The policyholder is allowed unlimited partial free withdrawals every year up to a minimum of Rs 2,500 and a maximum of 50% of the fund value

3. Sahara Sanchit Jeevan Bima

The Sahara Sanchit Jeevan Bima plan is a Unit Linked Insurance Plan with a one time pay option. Under this plan the premium that the policyholder pays is invested by the company in capital markets to yield higher returns. The plan also provides as part of the dual benefit.

Features and Benefits of Sahara Sanchit Jeevan Bima

The Sahara Sanchit Jeevan Bima plan has a wide range of features and benefits such as:

1. The minimum entry age is 18 years the maximum is 65 years
2. The maximum maturity age under this plan is 75 years
3. The policy terms range from a minimum of 5 years to a maximum of 10 years
4. The premium is paid in a single amount at the commencement of the plan
5. The minimum premium paid is Rs 30,000 with no maximum limit
6. Premium is paid on a yearly frequency
7. The policyholder can choose from five different types of funds such as:
   1. Secured Fund
   2. Balanced Fund
   3. Smart Fund
   4. Growth Fund
   5. Prima Fund
8. The entire fund value is paid to the policyholder at the time of maturity
9. The policyholder is allowed two free switches between his funds every year
10. The policyholder can avail of Income Tax benefits on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.
11. The policyholder is allowed unlimited partial free withdrawals every year up to a minimum of Rs 2,500 and a maximum of 50% of the fund value, as long as the fund value on the date of withdrawal is not lower than Rs 30,000

GST of 18% is applicable on life insurance effective from the 1st of July, 2017