LIC Premium and Maturity Calculator

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

Sahara India Dhanvriddhi-Jeevan Bima Plan, Policy, Premium and Maturity Calculator - Sahara Dhanvriddhi Jeevan Bima Plan is a traditional non-participating Money-back Plan which provides periodical payouts to meet liquidity requirements and at the same time providing life insurance benefits by paying only once at the inception.

Key Features - Sahara Dhanvriddhi-Jeevan Bima Plan and Policy

  • It is a non-participating plan with Single Premium payment option
  • The premium paid and Guaranteed Addition is paid on maturity

Benefits - Sahara Dhanvriddhi-Jeevan Bima Plan and Policy

  • On maturity, the single premium is paid along with a one- time Guaranteed Addition
  • The Guaranteed Addition is expressed as a % of Single Premium and depends on the term and the amount of cover chosen
  • On death of the policyholder ,125% of the Single Premium is paid if age is less than 45 years or 110% of the Single Premium is paid for ages 45 years and above
  • Survival benefits @ 15% of the Sum Assured is paid from the end of the 3rd year and every 3 years thereof
  • 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 Dhanvriddhi-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

9, 12, 15

Premium Paying Term (PPT) in years

Single Pay

Yearly Premium

Depends on SA, age and term

Sum Assured

50,000

1 crore

Details About Premium - Sahara Dhanvriddhi-Jeevan Bima Plan and Policy

Annual premium in Rupees for a policy term of 9 years

Age

Premium

Sum Assured

Survival Benefits

Maturity benefit including Guaranteed Addition

35 years

56,908

80,000

12,000 paid at the end of 3rd and 6th year

59,184

Policy Details - Sahara Dhanvriddhi-Jeevan Bima Plan and Policy

Grace Period: grace period is not applicable

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 = GSV % of Single Premium paid net of Survival Benefits already paid

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 Dhanvriddhi-Jeevan Bima Plan and Policy

  • The rate of Guaranteed Addition can go as high as 20% of the Single Premium

Inclusions - Sahara Dhanvriddhi-Jeevan Bima Plan and Policy

  • Loan facility is not available

Exclusions - Sahara Dhanvriddhi-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 Dhanvriddhi-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 Money Back Life Insurance Plans and Policy

 

Sahara India Endowment Plans
Sahara Shrestha Nivesh-Jeevan Bima
Sahara Shubh Nivesh-Jeevan Bima
Sahara Dhan Sanchay Jeevan Bima

Sahara India Money Back Plans
Sahara Pay Back Jeevan Bima
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