Sahara Life ULIP Plan

Introduction to Sahara Life ULIP Plan

The Sahara Life ULIP Plan is a unit-linked insurance plan offered by Sahara Life Insurance. It combines life insurance coverage with investment opportunities. 

You can allocate premiums to a variety of investment funds based on your risk preferences. The plan provides flexibility and potential for wealth creation, making it suitable for those seeking both insurance protection and investment growth. 

Types of Sahara ULIP Plans

Sahara India Life Insurance has three different types of ULIP plans, each with its own set of advantages. Following are the different types of ULIP plans sold by Sahara Life Insurance:

Let us learn about the key features of various types of ULIP Plans offered by Sahara Life Insurance.

1. Sahara Sanchit Jeevan Bima

   Sahara Sanchit Jeevan Bima is a unit-linked life insurance plan offered by Sahara India Life Insurance Company Ltd. It is a single-premium plan, which means that the entire premium is paid at the time of purchase. The policy term can be chosen from 5 to 10 years.

   

   Features of Sahara Sanchit Jeevan Bima:

   • Investment Options: The plan offers five investment options for different risk profiles; they are as follows- 

   • Secured Fund: This fund invests in fixed-income securities, such as government bonds and corporate bonds.

   • Balanced Fund: This fund invests in a mix of fixed income securities and equity securities.

   • Smart Fund: This fund invests in a mix of equity and debt securities.

   • Growth Fund: This fund invests primarily in equity securities. 

   • Prima Fund: This fund is a combination of the Secured Fund and the Balanced Fund.

   • Accident Benefit Rider: This rider provides additional coverage in the event of your demise or total and permanent disability due to an accident.

2. Sahara Utkarsh Jeevan Bima Plan

   Sahara Utkarsh Jeevan Bima Plan is a Unit Linked Insurance Plan (ULIP) offered by Sahara India Life Insurance. It is a life insurance plan with an investment component. The policyholder can choose from five different funds to invest their premiums. The returns on the investment will depend on the performance of the underlying funds.

   Features of Sahara Utkarsh Jeevan Bima Plan:

   • Investment Options: The plan offers five different investment options, each with its own risk profile and potential return. The options are:

   • Secured Fund: This fund invests in fixed income securities, such as government bonds and corporate bonds.

   • Balanced Fund: This fund invests in a mix of fixed income and equity securities.

   • Smart Fund: This fund invests in a mix of domestic and international equity securities. 

   • Growth Fund: This fund invests primarily in equity securities.

   • Prima Fund: This fund is a combination of the Secured Fund and the Growth Fund.

   • Fund Switching: You can switch between investment options at any time during the policy term. This allows you to adjust your investment strategy as your needs and goals change.

   

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3. Sahara Sugam Jeevan Bima Plan

   Sahara Sugam Jeevan Bima Plan is a Unit- Linked Insurance Plan (ULIP) offered by Sahara Life Insurance. It is a regular premium plan, which means that the policyholder needs to pay premiums on a monthly, quarterly, half-yearly, or yearly basis. The policy term can be chosen between 10, 15, or 20 years. The premium paying term will be the same as the policy term.

   Features of Sahara Sugam Jeevan Bima Plan:

   • Investment Growth: The premiums paid under the plan are invested in a variety of funds, including equity, debt, and balanced funds. The investment performance of the funds determines the fund value of the plan.

   • Fund Switching: You can switch between funds without any charges up to twice a year.

   • Waiver of Premium (WOP) Feature: In case of your demise within the first five years of the policy, the balance premiums will be waived.

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Steps to Buy Sahara Life ULIP Plan

Follow the below-mentioned steps to start investing in a chosen Sahara Life ULIP Plan:

Step 1- Compare & Choose: Research Sahara's ULIP plans online, considering factors like investment horizon, risk appetite, and goals.

Step 2- Get a Quote: Enter basic details on Sahara Life's website or insurance aggregators to compare premiums and features.

Step 3- Contact Agent/Platform: Choose your preferred channel - Sahara Life agent or online platform for proposal submission.

Step 4- Fill Proposal Form: Provide accurate personal and financial information in the proposal form.

Step 5- Medical Checkup (if required): Complete any necessary medical tests as per plan terms.

Step 6- Document Submission: Submit KYC documents (ID, address proof, income proof) as requested.

Step 7- Premium Payment: Make the chosen premium payment through preferred online or offline methods.

Step 8- Policy Issuance: Upon approval, Sahara Life will issue your ULIP policy document.