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
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On maturity, the single premium is paid along with a one- time Guaranteed Addition
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The Guaranteed Addition is expressed as a % of Single Premium and depends on the term and the amount of cover chosen
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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
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Survival benefits @ 15% of the Sum Assured is paid from the end of the 3rd year and every 3 years thereof
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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.
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