Sahara Utkarsh Jeevan Bima Plan

Details About Premium

Illustration for a policy term and PPT of 15 years

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

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.