Children Endowment Money Back Term Assurance Pension Unit Link Group Insurance

The Plan

This plan allows you to retire honorably and to live a contented life in golden years of your life. You can plan for your retired life by saving in small amounts during your working life. These savings grow to create a substantial corpus to provide for a sizable regular income during your retired life. Use the power of compounding to take care of your worries for the future. 

Plan Details 
Minimum Issue Age  25 Years(Nearer birthday) 
Maximum Issue Age  55 Years (Nearer birthday) 
Minimum Sum Assured  Rs. 50,000
Minimum Benefit Term  10 Years 
Maximum Benefit Term  40 Years 
Premium Paying Term  Same as policy term 
Maximum Coverage Age  65 Years 
Minimum Age for start of pension  50 years

Grace period for non-forfeiture provisions

Grace period of 30 days irrespective of any calendar month will be allowed for payment of yearly, half yearly and quarterly premiums and 15 days in monthly mode of premiums. In case premium is not paid within the grace period and if death occurs within this period, the policy will be still valid and the sum assured shall be paid to the claimant after deduction of outstanding premiums falling due before the next policy anniversary

What happens if the payment of premiums is discontinued?
  • If the premium have been paid for at least 3 years the policy acquires paid-up value which is reduced Sum Assured being in proportion to the premiums paid to premiums payable. The attached bonuses remain with the policy but it does not participate in future profits.
Can the policy be surrendered?
Yes, after the policy has run and premiums have been paid for at least 3 years. Higher of Special surrender value and Guaranteed surrender value is payable, where
  • Guaranteed surrender value is equal to 30% of premiums paid (excluding the first year's premium, extra premiums and rider premiums, if any). Cash value of existing attached bonus will also be paid.

  • Basis for calculating Special surrender value shall be announced by the company from time to time.
Is loan available?
  • No loan is available under the policy.
Insurance is a subject matter of solicitation. Sahara Insurance Co. Ltd.,
Sahar dia Bhawan, 1, Kapoorthala Compl iganj, Lucknow- 226 024. IRDA Regi tion No 127
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