Sahara Shubh Nivesh Jeevan Bima Plan

Sahara Shubh Nivesh Jeevan Bima Plan is a traditional Endowment Plan for saving and insurance purposes so that a tension-free future is secured.

4.8^~ Rated
7.7 Crore Registered Consumer
50 Partners Insurance Partners
4.2 Crore Policies Sold

Investment Plans

Guaranteed Tax Savings^Under sec 80C & 10(10D)
Under sec 80C & 10(10D)Invest ₹10k Per Month*
Zero LTCG Tax^

Buy Online & Get upto 4% extra#

Get Guaranteed returns along with life cover

invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*

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We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Key Features

It is a non-participating plan with Single Pay option

Benefits

On maturity, the Sum Assured is payable to the policyholder
On death of the policyholder ,the Sum Assured is payable which should not be less than 125% of the Single Premium if age is less than 45 years or 110% of Single Premium for ages 45 years and above
Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

	Minimum	Maximum
Entry Age (Nearest Birthday)	9 years	60 years
Maturity Age (Nearest Birthday)	-	70 years
Policy Term (PT) in years	10
Premium Paying Term (PPT) in years	Single Pay
Yearly Premium	Depends on the Sum Assured chosen
Sum Assured	50,000	No limit

Details About Premium

Annual premium in Rupees

Age	Term	Premium	Sum Assured	Maturity / Death Benefit
35 years	10 years	43,314	80,000	80,000

Policy Details

Grace Period: the provision of grace period is not applicable under Single Pay Plans

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy anytime. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.

GSV = 70% of Single Premium if surrendered within 3 years or 90% of the Single Premium if surrendered after 3 years

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Additional Features or Riders

High Sum Assured rebates are allowed for a coverage of 1.25 lakhs and above

Inclusions

The plan provides loan of up to 90% of the Surrender Value

Exclusions

In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ