Endowment Money Back Term Assurance Unit Link Group Insurance Riders

The Plan
For those who have limited savings but desire to safeguard their families against the uncertainties of life, the plan provides the ideal solution. By paying a lower premium a larger risk cover can be purchased. In case of unfortunate death the Sum Assured is payable.

Plan Details
Minimum Issue Age 18 Years(last birthday)
Maximum Issue Age 50 Years (Nearer birthday)
Minimum Sum Assured Rs.5,00,000/- and there after in multiples of Rs 50,000/-
Maximum Sum Assured No limit – subject to underwriting
Minimum Benefit Term 15 Years
Maximum Benefit Term 20 Years
Premium Paying Term Same as policy term
Maximum Coverage Age 65 Years

What are the benefits of the policy?
Sum Assured is payable on death during the term of the policy if the policy is in force.
There is no maturity benefit under this policy.

What are the modes available for payment of premium?
yearly, half-yearly, quarterly, monthly (direct debit and group billing only)

What are the rebates available?
For yearly & Half-yearly mode of premium payments rebate of 3% and 1.5% respectively.

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?
The Policy shall lapse on the expiry of the grace period. The policy can be revived within a period of five years from the due date of first unpaid Premium.

Can the policy be surrendered?
There is no Surrender Value under this policy.

Is loan available?
No loan is available under the plan.

We give below premiums (in Rupees) payable under annual mode for sum assured of Rs. 5,00,000 for some specific ages and terms:

Age Term
  15 16 17 18 19 20
20 1407 1407 1407 1407 1407 1407
25 1504 1504 1504 1504 1552 1552
30 1649 1698 1698 1746 1746 1795
35 2134 2183 2231 2280 2328 2425
40 3056 3153 3250 3347 3395 3492
45 4608 4705 4899 5044 5190 5335

The plan covers only death benefit and sum assured is available on death during the term of the policy, if the policy is in force.

Download English Product Brochure for more details Download Hindi Product Brochure for more details
Insurance is a subject matter of solicitation.
IRDA Registration No 127
Registered Office:
Sahara India Centre ,2, Kapoorthala Complex,
Lucknow 226024
Tel: 0522-2337777,Fax: 0522-2332683, Email: sahara.life@sahara.in
CIN: U65999UP2000PLC025635
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