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Sahara Life Insurance

Updated on May 17, 2022 , 11177 views

Launched in 2004, Sahara Life Insurance is one of the notable life Insurance companies in India. Sahara Life insurance Company Ltd is India’s first completely owned private life insurance company. Sahara Insurance was launched with the initial paid up Capital of 157 crores. The company offers comprehensive Term Insurance plans for long-term savings and life cover.

Sahara-life-insurance

Sahara Life term plans offer good insurance services and investment option as well such as ULIP plans, money back plans, endowment plans, term insurance and Group Insurance plans. The company has a healthy claim settlement ratio of 90.19%. Sahara Life has the credibility of Sahara Group making it a trustworthy name in the insurance Market. It has grown very quickly to be recognised among the top insurance companies in India.

Sahara Life Insurance Plans

Sahara Life Unit Linked Plans

1. Sahara Sanchit – Jeevan Bima

This unit linked plan provides you to protect gains made through your funds invested in the equity markets from its volatility and risk coverage.

Factors Plan Details
Minimum Issue Age 18 Years (Nearest birthday)
Maximum Issue Age 65 Years (Nearest birthday)
Policy Term 5 Years to 10 Years
premium Paying Term Single Premium Plan
Maximum Age at Maturity 75 Years (Nearest birthday)
Minimum Premium Rs.30,000 Top ups are not allowed
Maximum Premium No limit subject to underwriting
Sum Assured Age at entry (Nearest birthday) Sum Assured. Up to 45 Years - 125% of single premium. 46 Years & above - 110% of single premium

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2. Sahara Utkarsh- Jeevan Bima

The plan enhances the value of the savings over a period of time and offers the choices to choose the Investment plan according to your risk profile and investment horizon at various points during the life of the policy.

Factors Plan Details
Minimum Issue Age 12 Years(Nearest birthday)
Maximum Issue Age 55 Years (Nearest birthday)
Policy Term 8-20 Years
Premium Paying Term Same as policy term except Single Premium Plan
Maximum Age at Maturity 70 Years (Nearest birthday)
Factors Single Premium Regular Premium
Minimum Premium Rs.50,000 Rs.20, 000 under yearly mode Rs.15, 000 under half-yearly mode. (Premium once chosen will remain unaltered throughout the premium paying term. Top ups are not allowed.)
Maximum Premiun No limit subject to underwriting No limit subject to underwriting
Sum Assured Age at entry Sum Assured (Nearest birthday. Upto 45 Years - 125% of single premium and 46 Years & above - 110% of single premium Age at entry Sum Assure (Nearest birthday). Upto 45 Years - 10 times of annualized premium and 46 Years & above - 7 times of annualized premium

3. Sahara Sugam Jeevan Bima

The Unit linked plan being offered is a unique blend of risk coverage and market linked returns.

Factors Plan Details
Minimum Issue Age 10 Years(Nearest birthday)
Maximum Issue Age 55 Years (Nearest birthday)
Policy Term 10 Years or 15 Years or 20 Years
Premium Paying Term Same as policy term
Maximum Age at Maturity 70 Years (Nearest birthday)
Minimum Premium Rs.12,000 Premium once chosen will remain unaltered throughout the premium paying term. Top ups are not allowed.
Maximum Premium No limit subject to underwriting
Minimum/Maximum Sum Assured Sum Assured = 10 times of Annualised Premium

Sahara Life Money Back Plan

1. Sahara Pay Back – Jeevan Bima

Sahara Pay Back Jeevan Bima is a money-back participating Endowment Plan that helps in planning for future expenses by making lump-sum funds available at specific intervals. In case of any unfortunate event, this plan also helps to protect the family from financial hardships.

Factors Plan Details
Minimum Issue Age 16 years nearer birthday. Further the risk commences immediately.
Maximum Issue Age 50 Years (Nearer birthday)
Minimum Sum Assured Rs 75000/- and thereafter in multiples of Rs 5000/-
Maximum Sum Assured 1 crore, subject to underwriting
Minimum Policy Term Policy term is fixed for 12 years, 16 years and 20 years.
Maximum Policy Term Policy term is fixed for 12 years, 16 years and 20 years.
Premium Paying Term The premium paying term is 5 years for 12 years policy term, 5 years or 10 years for 16 years policy term and 5 years or 10 years or 15 years for 20 years policy term.
Maximum Coverage Age 70 Years

Sahara Life Endowment Plan

1. Sahara Shrestha Nivesh-Jeevan Bima

This plan is designed to meet the real investment and protection needs and help you to maintain your family's financial independence. Sahara Shrestha Nivesh-Jeevan Bima plan suits the requirements of those with an unpredictable, seasonal or uneven Income stream.

Factors Plan Details
Minimum Entry Age 9 Years (Nearer birthday) where the risk commences immediately
Maximum Entry Age 60 Years (Nearer birthday)
Minimum Sum Assured Rs. 30,000
Maximum Sum Assured Rs. 1 Crore subject to underwriting
Minimum Single Premium Rs. 16,992 for age at entry 9, policy term 10 years and Sum Assured 30000
Policy Term 5 Years to 10 Years subject to minimum maturity age of 19 years nearer birthday
Premium Paying Term Single Premium
Maximum Maturity Age 70 Years
Premium Payment Mode Single Premium

2. Sahara Shubh Nivesh-Jeevan Bima

The plan offers more liquidity and is ideal for customers who are investment savvy. It offers you a life cover for the policy term and that too without burdening you to pay premium for the entire term i.e. invest today and reap the benefit at maturity.

Factors Plan Details
Minimum Entry Age 9 Years (Nearer birthday) where the risk commences immediately
Maximum Entry Age 60 Years (Nearer birthday)
Minimum Sum Assured Rs. 50,000. (There after in multiple of Rs 5000)
Maximum Sum Assured No Limit subject to underwriting
Policy Term under the plan is 10 years (fixed)
Premium Paying Term Single Premium
Maximum Maturity Age 70 Years
Available premium Payment Mode Single Premium

3. Sahara Dhan Sanchay Jeevan Bima

Sahara Dhan Sanchay Jeevan Bima plan offers a perfect blend of income and financial protection for you and your family. It is suitable for investors who want safety, returns, tax benefits and guaranteed cash inflow to meet the desired financial Obligation.

Factors Plan Details
Minimum Issue Age 14 Years (Nearer birthday)
Maximum Issue Age 50 Years (Nearer birthday)
Minimum Sum Assured Rs 50000/- and thereafter in multiples of Rs 5000/- where sum assured will not be less than 10 times of annualized premium for age at entry less than 45 years and 7 times of annualized premium for age at entry more than or equal to 45 years.
Maximum Sum Assured No limit, subject to underwriting
Minimum Policy Term 15 Years
Maximum Policy Term 40 Years subject to maximum maturity age of 70 years
Premium Paying Term Same as policy term
Maximum Coverage Age 70 Years
Available premium Payment Modes Yearly, Half-yearly, Quarterly and Monthly

Sahara Life Group Insurance Plans

1. Sahara Samooh Suraksha

This plan is for Establishments/Groups. The product provides the advantage of market appreciation on the savings portion of premium.

Factors Plan Details
Minimum group size 50 members
Minimum entry age 18 years (Last Birthday)
Minimum total monthly contribution for the Group Rs. 5000
Maximum entry age 64 years nearest birthday
Minimum sum assured per member Rs. 50000
Maximum sum assured per member Rs. 500000
Maximum maturity age for the member 65 years (Last Birth Day)

Sahara Insurance Online Payment

Sahara Life online payment can be made on its website portal. Sahara Life Insurance term plans and ULIP are considered to be its flagship insurance products. The company also offers micro insurance and rider benefits to its customers. Interested customers need to fill up an online form so that the company can send their personal financial advisor to them. It also offers an online premium calculator on its website portal.

Corporate Office Address

Sahara India Life Insurance Company Limited, Corporate Office, Sahara India Centre, 2, Kapoorthala Complex, Lucknow - 226024.

Sahara Customer Care Service

Toll Free Number: 1800-180-9000

Tel.: 0522-2337777 Fax: 0522-2332683

Email: sahara.life@sahara.in

FAQs

1. What are the terms & modes available for payment of premium?

A: You can pay the premium on Yearly, Half-Yearly, Quarterly, Monthly Basis. The modes to pay it are direct debit and group billing only. In case you choose to pay your premiums through cheques, please draw them in favour of Sahara India Life Insurance Company Ltd., payable at any of the company's branch cities. Cash payments can be made at any of the Sahara Insurance branch offices.

2. What are the rebates available?

A: For yearly & half-yearly mode of premium payments rebate of 3% and 1.5% respectively.

3. How to check policy status?

A: To check the policy status, go to the official website of Sahara Insurance, login on the home page with your user name and password.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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