Sahara Dhanvarsha Jeevan Bima Plan

• Survival benefit
• Life cover available
• Limited premium plan
• Rebates available
• Get tax 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 3^rd/6^th/9^th/12^th policy year, respectively.
For 20 year policy term, 10%/15%/20%/25% of sum assured is payable at the end of 4^th/8^th/12^th/16^th 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.

Bonus

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.

No rider can be opted this plan.

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 3^rd/6^th/9^th/12^th 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: