Sahara Dhanvrishti Jeevan Bima
Single Premium Money Back Endowment Assurance without Profits Plan
(UIN- 127N027V01 )
(Welcome to Sahara Life Family)
‘Sahara Dhanvrishti-Jeevan Bima’ is a without profit single premium money back endowment plan with added advantage of life cover upto maturity by having to pay premium only once. This plan not only provides financial security against unforeseen events but also returns specified percentages of sum assured at regular intervals along with the return of premium at maturity coupled with guaranteed additions depending upon term and sum assured chosen. This plan aims at protecting your capital and providing regular payments and therefore suits those who have recurring financial obligations for funding their needs or meeting expenses pertaining to their child’s education. These can be fulfilled only by planning finances for various financial obligations well in advance. The only step in financial planning is investing in Wealth Creation and Capital Protection Plans. This plan of ‘Sahara Life’ offers more liquidity and are ideal for customers who are risk savvy, want the protection of life and also want to accumulate funds for future investment opportunities. This plan offers all the benefits in a single package without burdening you to pay premium for the entire term i. e. invest today and reap the benefit at regular intervals as well as at maturity.
Minimum Entry Age |
9 Years (Nearer birthday) |
Maximum Entry Age |
60 Years (Nearer birthday) |
Minimum Sum Assured |
Rs. 50,000/- and thereafter in multiples Rs. 5000 . |
Maximum Sum Assured |
No limit subject to underwriting |
Policy Term ( in Years) |
9 years/ 12 years/ 15 years subject to condition that age at maturity should not exceed 70 years |
Premium Paying Term |
Single Premium |
Maximum Maturity Age |
70 Years |
What are the modes available for premium payment?
Is loan available?
Yes, loan will be available under this policy.
What are the benefits of the policy?
Death Benefit:
Full Sum Assured is payable immediately on death of the life assured irrespective of survival benefit amounts paid, if death of the life assured occurs during the term of the policy. After payment of the benefit on death the policy will be terminated.
Survival Benefit:
If the life assured survives at the policy anniversary mentioned below then certain percentage of sum assured (as given below in the table) will be paid to the policyholder as survival benefit:-:
Policy Anniversary |
Policy Term (in years ) |
9 |
12 |
15 |
3 |
15 % of Sum Assured |
15 % of Sum Assured |
15 % of Sum Assured |
6 |
15 % of Sum Assured |
15 % of Sum Assured |
15 % of Sum Assured |
9 |
- |
15 % of Sum Assured |
15 % of Sum Assured |
12 |
- |
- |
15 % of Sum Assured |
Please note that apart from above benefit only maturity benefit as given below will only be paid.
Maturity Benefit:
Only Return of Single Premium* along with guaranteed one time addition, which is applicable only if Sum Assured is more than or equal to Rs 80000 depending on sum assured band as specified in the table below, will be payable at maturity if life assured survives at maturity of the policy. Further, the policy will not be entitled for any balance sum assured at maturity. Guaranteed one time addition is as under:
Guaranteed One Time Addition as a percentage of single premium* for different policy terms |
Sum Assured (SA) bands (Rs) |
9 Year |
12 year |
15 Year |
If SA is more than or equal to 80000 but less than 1 lac |
3% |
5% |
7% |
If SA is more than or equal to 1 lac but less than 2 lacs |
5% |
10% |
15% |
If SA is more than or equal to 2 lacs but less than 3 lacs |
10% |
15% |
20% |
If SA is more than or equal to 3 lacs but less than 5 lacs |
15% |
20% |
25% |
If SA is more than or equal to 5 lacs |
15% |
25% |
30% |
*The Single Premium referred above excludes any extra premium and applicable taxes.
Tax Benefits:
- Premiums paid and benefits under the policy are eligible for Income tax benefits as per the prevailing income tax laws.
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