Sahara India Pay Back Jeevan Bima Plan, Policy, Premium and Maturity Calculator

• Guaranteed money back
• Maturity benefit payable
• Life insurance cover
• Riders to enhance policy benefit
• Avail bonuses
• Rebates available
• Avail tax benefits

Death Benefit

• In the event of death of the life insured during the policy term, the following death benefit is payable.
  
  
• In case, age of the life insured at entry is less than 45 years, sum assured on death which is higher of minimum sum assured or 10 times of annualized premium is payable. If age of the life insured at entry is equal to or more than 45 years, sum assured on death which is higher of minimum sum assured or 7 times of annualized premium is payable.
  
  
• The Death Benefit payable is subject to a minimum of 105% of the total premiums paid till the date of death and it is irrespective of survival benefits already paid.

Survival Benefit

• Survival benefit is payable at specific intervals on survival of the life insured.
  
• For 12 year policy term, 10%/15%/25% of sum assured is payable at the end of 3rd/6th/9th policy year, respectively.
  
• For 16 year policy term, 10%/15%/25% of sum assured is payable at the end of 4th/8th/12th policy year, respectively.
  
• For 20 year policy term, 10%/15%/25% of sum assured is payable at the end of 5th/10th/15th policy year, respectively.

Maturity Benefit

In case of survival of the life insured till end of the policy term, 60% of the sum assured plus vested bonuses are payable.

Bonus

Bonuses as applicable are payable under the policy.

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 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.

Tax Benefit

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