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Sahara Dhanvarsha Jeevan Bima Plan

What is the Plan all About?

Sahara Dhanvarsha Jeevan Bima is a traditional limited premium money back without profits plan that provides lump-sum funds at specific intervals, so you can plan for future expenses. This plan also provides financial cover to the family, in case of any unfortunate event.


What are the Key Features?

  • Survival benefit
  • Life cover available
  • Limited premium plan
  • Rebates available
  • Get tax benefits

What are the Plan Benefits?

Death Benefit

    In the event of death of the life insured during the policy term, the full sum assured is payable irrespective of survival benefits already paid.

    The Death Benefit payable is not less than 105% of the total premiums paid till the date of death.

Survival Benefit

    Survival benefit is payable at specific intervals on survival of the life insured.
    For 15 year policy term, 10%/15%/20%/25% of sum assured is payable at the end of 3rd/6th/9th/12th policy year, respectively.
    For 20 year policy term, 10%/15%/20%/25% of sum assured is payable at the end of 4th/8th/12th/16th policy year, respectively.

Maturity Benefit

    In case of survival of the life insured till end of the policy term, 30% of the sum assured is payable.


    No bonuses are applicable, as it is a without profit plan.

Loan Benefit

    No loan facility can be availed under this policy.

Surrender Value

    This policy acquires Surrender Value after payment of all the due premium for at least three full policy years. The Surrender Value payable is higher of Guaranteed Surrender Value or Special Surrender Value.

Tax Benefit

    This policy provides tax benefits as applicable under the Income Tax Act, subject to change in tax laws.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 15 Years 55 Years
Age at Maturity - 70 Years
Policy Tenure 15 & 20 Years (fixed) -
Premium Paying Term (PPT) 10 Years (policy Term 15 Years), 15 Years (policy Term 20 Years) -
Premium Paying Mode Annually, Semi Annually, Quarterly & Monthly -
Sum Assured Rs 75,000 No Limit (subject To Underwriting)
Freelook Period 15 Days -
Grace Period 30 Days (15 Days For Monthly Mode) -
Plan Type Offline -

Is any Rider Available with this Plan?

No rider can be opted this plan.

How the Plan Works?

Rohit aged at 35 years, buys Sahara Dhanvarsha Jeevan Bima with the policy term of 15 years, premium paying term of 10 years, and the sum assured is Rs 1,00,000 with the annual premium amount of Rs 8503.

Scenario A: Rohit Survives the Policy Term

If Rohit survives till the maturity of the policy term, he receives 10%/15%/20%/25% of sum assured i.e., Rs 10,000/Rs 15,000/Rs 20,000/Rs 25,000 is payable at the end of 3rd/6th/9th/12th policy year, respectively. At maturity, 30% of the sum assured i.e., Rs 30,000 is payable.

Scenario B: Rohit dies during the Term of the Policy

In the event of the demise of Rohit during the policy term, sum assured on death i.e., Rs 1,00,000 is payable to the nominee.

Benefit Illustration:

Sahara Dhanvarsha Jeevan Bima Plan Benefit Illustration