Sahara India Samooh Suraksha Plan, Policy, Premium and Maturity Calculator - The Samooh Suraksha plan from Sahara offers term insurance group policy and is specially designed to meet the insurance needs of individuals who find it difficult to save enough money to cover themselves through individual insurance policies. Since this is a term insurance plan, the sum assured will be paid to the legal heir or nominee of the policyholder upon the death of a member when the policy term is still under progress. The costs related to term insurance is quite minimal and customers can provide an outlay of around 3% to 5% of their annual income and receive cover that is at least seven times their yearly income.
Tax Benefits: Individuals who take out this sahara term insurance policy can claim deductions under Section 80C of the Income Tax Act. Tax deductions are applicable on premium payments up to Rs.1 lac. Death and maturity benefits are also exempt from tax under Section 10 (10D) of the Income Tax Act, 1961.
GST of 18% is applicable on life insurance effective from the 1st of July, 2017
Sahara India Group Life Insurance Plans and Policy
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