• Sahara Samooh Suraksha Plan

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    The Samooh Suraksha plan from Sahara offers term insurance group policy and is specially designed to meet the insurance needs of individuals who find it difficult to save enough money to cover themselves through individual insurance policies. Since this is a term insurance plan, the sum assured will be paid to the legal heir or nominee of the policyholder upon the death of a member when the policy term is still under progress. The costs related to term insurance is quite minimal and customers can provide an outlay of around 3% to 5% of their annual income and receive cover that is at least seven times their yearly income.

    Benefits of Sahara Samooh Suraksha

    Tax Benefits: Individuals who take out this sahara term insurance policy can claim deductions under Section 80C of the Income Tax Act. Tax deductions are applicable on premium payments up to Rs.1 lac. Death and maturity benefits are also exempt from tax under Section 10 (10D) of the Income Tax Act, 1961.

    Eligibility Criteria of Sahara Samooh Suraksha

    • The minimum age of the individual at the time of entry cannot be less than 18 years, and the maximum age cannot exceed 64 years.
    • The minimum sum assured under this policy is Rs.10,000 and the maximum is limited to Rs.5 lacs.
    • The maximum age of the individual at the time of maturity cannot be more than 65 years.
    • The minimum policy term is only one year.
    • The yearly premium must be paid in advance in one lump sum either by group members or the policyholder.

    Features of Sahara Samooh Suraksha

    • The group should have a minimum of 50 members.
    • For employer – employee groups, members should be present on the ground at the time of taking out the policy.
    • For non-employer – employee groups, at least 75% of the existing members should join at the date of commencement of the policy.

    Frequently Asked Questions

    1. Can I surrender my policy if I am not satisfied?

      Yes, the policy can be surrendered if you do not agree with all the terms and conditions. The policy conditions will determine the surrender value you will receive.

    2. Are the premium payments split between the members or is it up to the group policyholder to make payments?

      The premium payments can be shared between members of the group. For instance, the group policyholder may pay 20% of the premium and the remaining 80% may be shared by the other members.

    3. Is there a grace period on delayed premium payments?

      A. Yes, customers will receive a grace period of 30 days post the due date to make premium payments. Failure to do so may result in termination of the policy. 

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

    Sahara Samooh Suraksha 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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