LIC Premium and Maturity Calculator

Sahara India Shubh Nivesh-Jeevan Bima Plan, Policy, Premium and Maturity Calculator

Sahara India Shubh Nivesh-Jeevan Bima Plan, Policy, Premium and Maturity Calculator - Sahara Shubh Nivesh Jeevan Bima Plan is a traditional Endowment Plan for saving and insurance purposes so that a tension-free future is secured.

Key Features - Sahara Shubh Nivesh-Jeevan Bima Plan and Policy

  • It is a non-participating plan with Single Pay option

Benefits - Sahara Shubh Nivesh-Jeevan Bima Plan and Policy

  • 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 - Sahara Shubh Nivesh-Jeevan Bima Plan and Policy

 

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 - Sahara Shubh Nivesh-Jeevan Bima Plan and Policy

Annual premium in Rupees

Age

Term

Premium

Sum Assured

Maturity / Death Benefit

35 years

10 years

43,314

80,000

80,000

Policy Details - Sahara Shubh Nivesh-Jeevan Bima Plan and Policy

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 - Sahara Shubh Nivesh-Jeevan Bima Plan and Policy

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

Inclusions - Sahara Shubh Nivesh-Jeevan Bima Plan and Policy

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

Exclusions - Sahara Shubh Nivesh-Jeevan Bima Plan and Policy

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

Documents Required - Sahara Shubh Nivesh-Jeevan Bima Plan and Policy

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.

Sahara India Endowment Life Insurance Plans and Policy

 

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Sahara Dhanviddhi-Jeevan Bima
Sahara Dhanvarsha Jeevan Bima
Sahara India ULIP Plans
Sahara Sanchit - Jeevan Bima
Sahara Utkarsh - Jeevan Bima
Sahara Sugam - Jeevan Bima
Sahara India Group Insurance Plans
Sahara Samooh Suraksha

Sahara India Rider Plans
Sahara Accidental Death Benefit Rider