Sahara India Pay Back Jeevan Bima Plan, Policy, Premium and Maturity Calculator - Sahara Pay Back Jeevan Bima is a traditional limited premium & with-profit money-back plan that provides lump-sum funds at specific intervals and in case of any unfortunate event, it also ensures financial security for your family. This plan ensures safety and guaranteed returns that help you fulfill the financial obligations.
In case of survival of the life insured till end of the policy term, 60% of the sum assured plus vested bonuses are payable.
Bonuses as applicable are payable under the policy.
No loan facility can be availed under this policy.
This policy acquires Surrender Value after payment of all the due premium for at least two full policy years, in case of premium paying term of 5 years. The Surrender Value can be acquired on payment of at least three full policy years, when the premium payment term is 10 years and 15 years. The Surrender Value payable is higher of Guaranteed Surrender Value or Special Surrender Value.
This policy provides tax benefits as applicable under the Income Tax Act, subject to change in tax laws.
|Age (as on last birthday)||16 Years||50 Years|
|Age at Maturity||-||70 Years|
|Policy Tenure||12/16 & 20 Years (fixed)||-|
|Premium Paying Term (PPT)||5 Years (policy Term 12 Years), 5/10 Years (policy Term 16 Years), 5/10/15 Years (policy Term 20 Years)||-|
|Premium Paying Mode||Annually, Semi Annually, Quarterly & Monthly||-|
|Sum Assured||Rs 75,000||Rs 1 Crore (subject To Underwriting)|
|Freelook Period||15 Days||-|
|Grace Period||30 Days (15 Days For Monthly Mode)||-|
Sahara India Money Back Life Insurance Plans and Policy
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