Sahara Utkarsh Jeevan Bima Plan

Introduction/Overview
Sahara Utkarsh Jeevan Bima Plan is a Unit Linked Insurance Plan which helps the policyholder to enjoy market returns and at the same time avail insurance coverage

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

ULIP Plans

Plan starting from ₹1,000/month
Save upto ₹46,800 in Tax under section 80C^{^}
Zero LTCG Tax^¶
In built life cover

Top performing plans with High Returns^**

Invest ₹10K/month & Get ₹1 Crore^# on Maturity

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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 unit linked plan with Single Pay or Regular Pay premium payment option
Plan can be customized with additional rider

The following 5 funds are available for investment:

Secured Fund
Balanced Fund
Smart Fund
Growth Fund
Prima Fund

Benefits

The insured will get the total Fund Value on Maturity
On death, the Sum Assured plus Fund Value will be payable subject to a minimum of 105% of all premiums paid
Income tax benefit on the premium paid as per Section 80C and on claims under Section 10(10D) of the Income Tax Act.

Product Specification:

	Minimum	Maximum
Entry Age (Nearest Birthday)	12 years	55 years
Maturity Age (Nearest Birthday)	-	70 years
Policy Term (PT) in years	8	20
Premium Paying Term (PPT) in years	Single Pay or equal to policy term
Premium Paying Frequency	Yearly, half-yearly
Yearly Premium	50,000 for Single Pay 20,000 for Regular Pay	No limit
Sum Assured	Single Pay – 1.25 * Single Premium for ages <=45 yrs. & 1.1* Single premium for ages >45 yrs. Regular Pay – 10annual Premium for ages<=45 years & 7annual Premium for ages >45 years	No limit

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Details About Premium

Illustration for a policy term and PPT of 15 years

Age	35 years
Premium	26,000
Sum Assured	260,000
Fund Value @ 6%	524,814
Fund Value @ 10%	739,752

Policy Details

Grace Period: grace period of 30 days is allowed under the plan

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Discontinued Policy Fund where it will earn a minimum of 3.5% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges

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.

Inclusions

Unlimited Free partial withdrawals are allowed every year which should be a minimum of Rs.2500 and maximum of 50% of the Fund Value as on the date of withdrawal
2 free switches are allowed per policy year

Additional Features or Riders

Accident Benefit & Accidental Total & Permanent Disability Benefit Rider is available under the plan with a minimum coverage of Rs.50,000 and maximum coverage equal to SA or 20 lakhs whichever is lower

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Exclusions

The benefit paid in case of suicide within 12 months of policy inception is the fund value as on that date.
For the rider, accidents or disability due to infection, drug abuse, self-inflicted injury, war or civil commotion, criminal acts, aviation, engaging in hazardous activities etc. are excluded

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