Sahara Shubh Nivesh Jeevan Bima Plan

Death Benefit

On the death of the life insured during the term of the policy, the sum assured is payable immediately. Sum Assured is not less than 125% of the single premium when age at entry is less than 45 years and it is 110% of the single premium when age at entry is equal to or more than 45 years.

Maturity Benefit

On survival till completion of the policy term, the sum assured chosen is payable to the life insured.

Bonus

No bonuses are payable, as it is a without-profit endowment insurance plan.

Loan Benefit

You can avail loan amount up to 90% of the surrender value.

Surrender Value

Surrender Value can be acquired anytime during the term of the policy. Surrender Value payable is higher of Guaranteed Surrender Value or Special Surrender Value.

Tax Benefit

The premiums paid and benefits payable are eligible for tax benefit as applicable under the Income Tax Act, 1961. The income tax laws are subject to change from time to time.

No rider can be attached under this plan.

Devansh is looking for a plan that can help him accumulate wealth to meet future financial goals along with financial protection for the family. He at 35 years of age buys Sahara Shubh Nivesh-Jeevan Bima with the policy term of 10 years, pays single premium of Rs 43,314 and the sum assured is Rs 80,000.

Scenario A: Devansh Survives the Policy Term

On survival of Devansh till end of the policy term, an amount equal to the sum assured i.e., Rs 80,000 is payable.

Scenario B: Devansh dies during the Term of the Policy

In the event of the demise of Devansh during the policy term, the death benefit payable equal to sum assured i.e., Rs 80,000 is payable.

Benefit Illustration: