• Sahara Kavach Term Insurance Plan

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    Kavach is a term insurance plan from Sahara and can be availed by all individuals who seek to cover their family members in case of an unfortunate event leading to their debt. The plan has no maturity or surrender value, but provides extra rebate on semi-annual and annual premium payments. The plan is recommended to all individuals who are looking after and financially supporting dependents.

    Features of Sahara Kavach Term Insurance Plan

    • A rebate of 1.5% and 3% is offered for semi-annual and annual premium payments respectively.
    • The minimum sum assured under this policy is R.5 lacs.
    • Tax benefits can be availed on premiums paid.
    • No riders available for extra protection.
    • If the policy lapses, customers are granted five years to revive the same.

    Eligibility Criteria of Sahara Kavach Term Insurance Plan

    • The minimum age of the individual at the time of entry should be 18 years, and the maximum age should not exceed 50 years.
    • The maximum age of the individual at the time of maturity should not exceed 65 years.
    • The minimum policy term is 15 years and the maximum is 20 years.
    • The minimum sum assured under the policy is Rs.5 lacs. There is no limit on the maximum sum assured but customers can make deposits in multiples of Rs.50,000.
    • The premiums can be paid either on a monthly / quarterly / semi-annual / annual basis.
    • The premium payment term will be the same as the policy term.
    • The policy cover remains the same throughout the duration of the policy.

    Benefits of Sahara Kavach Term Insurance Plan

    • Death Benefit: In case of the unfortunate demise of the policyholder, the nominees will be eligible for a payout of the sum assured so that the dependents of the policyholder can continue leading a similar lifestyle and remain financially protected in the absence of the policyholder.
    • Tax Benefit: Individuals can claim tax benefits under Section 10(10D) and Section 80C of the Income Tax Act.
    • Grace Period: Post the due date, customers can make premium payments within 30 days if their premium payment modes are quarterly, semi-annual or annual, and within 15 days if their premium payment mode is monthly. The policy will lapse in case you fail to make the premium payments during the grace period, and your sahara term policy will be terminated.
    • Free look period: Customers who are not satisfied with the terms and conditions of their policies can opt to cancel them within the first 15 days of taking out the policy. Upon cancellation, the customer will receive the premiums they have paid up to that particular date less cost of medical reports and stamp duty.

    Please note that the only exception for benefits is if the insured individual commits suicide during the first year after taking out the policy. In this case, the nominees will not receive any death benefit. 

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

    Sahara Kavach Term Insurance Plan Reviews

  • Page 1 of 1
    • Sahara Life Insurance
      "Better policy to use"
      0.5 5.0/5 "Blown Away!"
      The Sahara life insurance policy has the tenure of 15years., The customer support is good with the SAHARA life insurance policy. The plan benefits and the policy coverage is good with the Sahara life insurance policy . The premium amount will be auto deducted from my salary.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 18, 2017
    • Sahara Life Insurance
      "Satisfactory Service"
      0.5 3.0/5 "Satisfactory"
      It was not very nice experience to hold the insurance policy with Sahara life insurance company .The premium which I have paid was around 2500 Rupees every month and in-between if you want you take some amount later it keep adding towards it
      Was this review helpful? 1
      , panchkula
      Reviewed on May 24, 2017
    • Sahara Life Insurance
      "Good policy!"
      0.5 5.0/5 "Blown Away!"
      I am getting tax reversal benefits on taking insurance policies. As I have a life insurance policy with Sahara Life insurance, premium payment is deducted on monthly basis from my salary. For more than 10 years, I am having the policy with them and they are good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jan 19, 2016
    • Sahara Life Insurance
      "Good investment "
      0.5 4.0/5 "Great!"
      Share life insurance has very good investment for the engineering people. We have to pay the premium for four years and get the returns which are good. They cover the accidental and natural death. Coverage depends upon the premium amount. All the normal person can also avail the facility.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Dec 21, 2015
    • Sahara Life Insurance
      "Sahara life insurance is very useful to everyone"
      0.5 5.0/5 "Blown Away!"
      I have taken a life insurance plan from Shara life for the tenure of 20 years. I am with them since 2003. They provide the best service for all kind people without any difference.They offered the policy coverage of 2.5 lakhs for my plan. I pay monthly premium of Rs.800 which is debited from my salary account.
      Was this review helpful? 8
      , patna
      Reviewed on Aug 19, 2015
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