Sahara Dhanversha Jeevan Bima Plan – The Sahara Dhanvarsha-Jeevan Bima plan is a money-back endowment “with profits” plan with a limited premium that provides the life assured with dual protection. The policy provides lump sum funds at specific intervals throughout the policy’s term in addition to life insurance coverage. Customers who require safety, periodic cash inflow, guaranteed returns, and tax benefits will find this plan to be ideal.
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Sahara Dhanversha Jeevan Bima Plan 2024
Dhanvarsha Jeevan Bima is a traditional money-back, limited-premium, non-participating endowment plan that not only helps you plan for future expenses by making lump-sum funds available at specific intervals, but it also helps you protect your family from financial difficulties in the event of an unfortunate event. The traditional limited premium money back plan known as Dhanvarsha Jeevan Bima provides lump-sum funds at predetermined intervals so that you can prepare for future expenses. In the event of a calamity, this plan also provides the family with financial protection.
Welcome to Sahara Dhanversha Jeevan Bima Plan 2024! This plan is designed to help you achieve a secure and prosperous retirement. It contains a wealth of information on topics such as health, financial planning, and estate planning. We hope that you find this plan helpful and that it helps you live a life full of happiness and satisfaction. Thank you for choosing Sahara Dhanversha Jeevan Bima Plan 2024!
Sahara Dhanversha Jeevan Bima Plan 2024 Details
| Name Of Article | Sahara Dhanversha Jeevan Bima Plan 2024 |
| Sahara Dhanversha Jeevan Bima Plan 2024 | Click Here |
| Category | Insurance |
| Official Website | Click Also |
Eligibility Who is Sahara Dhanvarsha-Jeevan Bima for?
Sahara Dhanvarsha-Jeevan Bima is an insurance scheme meant for the middle and upper middle classes. The scheme, which was launched in 2016, offers insurance cover for a variety of risks such as health risks, accidental death, and financial risks. The premiums for the scheme are affordable and it offers a number of benefits such as no claims bonus, life insurance, and travel insurance.
If a customer wants to purchase Sahara Dhanvarsha-Jeevan Bima, they must meet certain eligibility requirements set by the insurance company. The following table lists these factors:
| Parameter | Eligibility |
| Minimum Issue Age | 15 years |
| Maximum Issue Age | 55 years |
| Maximum Coverage Age | 70 years |
| Minimum Policy Term | Fixed at 15 years or 20 years |
| Maximum Policy Term | Fixed at 15 years or 20 years, subject to the maturity age not exceeding 70 years |
| Premium Payment Term (PPT) | For policy term of 15 years, PPT is 10 years For policy term of 20 years, PPT is 15 years |
What you get and how much it costs in the Sum Assured and Premium Range?
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Sum Assured:
The maturity benefit, death benefit, surrender benefit, and other benefits offered by Sahara Dhanvarsha-Jeevan Bima are just a few examples. The plan guarantees a minimum of Rs. 75,000, which is paid out in Rs. 5,000 increments thereafter. The maximum amount that can be guaranteed is unlimited.
Premium:
The plan’s premiums can be paid annually, semiannually, quarterly, or monthly. The age of the life insured, location, plan term, and a number of other factors influence premiums.
Plan coverage – What Sahara Dhanvarsha-Jeevan Bima covers?
The benefits of Sahara Dhanvarsha-Jeevan Bima for the life assured are listed in the table below:
| Death Benefit | No matter how many survival benefits have already been paid out, the nominee receives the entire sum assured as soon as the life assured passes away during the policy term. Assuming that the approach was in settled up status, the settled up aggregate guaranteed is quickly proposed to the candidate. |
| Survival Benefit | Upon assurance of survival, this benefit is paid: For a policy with a 15-year term:10% of the assured amount at the end of three policy years, 15% at the end of six policy years, 20% at the end of nine policy years, and 10% at the end of twelve policy years |
| Maturity Benefit | As a maturity benefit, 30% of the sum assured is paid to the life insured as long as the policy is in effect and the insured lives to the end of the term. |
Exclusions – What Sahara Dhanvarsha-Jeevan Bima doesn’t cover?
Suicide Clause: The nominee will receive at least 80% of the paid premiums if the life assured passes away within a year of the policy’s inception date. The nominee will receive the greater of the following if the life assured passes away within one year of the policy revival date:
- At least 80% of the paid premiums till death
- Surrender value
Other Key Features – Freelook Period, Surrender Values, Grace Period etc.
Sahara Dhanvarsha-Jeevan Bima from Sahara Life Insurance has a number of additional advantages:
- After three years, 30 percent of the paid premiums, minus rider premiums, additional premiums, and tax.This also excludes the previously paid survival benefits.
- 50% of the paid premiums, excluding rider premiums, additional premiums, and tax, from the fourth to seventh year.Existing survival benefits are also excluded.
| Surrender benefit | |
| Policy loan | It is not possible to avail a loan under Sahara Dhanvarsha-Jeevan Bima. |
| Benefits payable for minor life assured | The policy will automatically vest in the life insured when they become majors. |
| Grace period | Policies that require premium payments on an annual, semiannual, or quarterly basis have a grace period of thirty days. For a policy with a regular payment schedule for monthly premiums, the grace period is 15 days. |
| Policy revival | If the outstanding premium is not paid within the grace period, the policy becomes inactive. Within the revival period of two years from the date the premium payment was stopped, an expired policy can be revived. |
| Non-forfeiture benefit | The policy becomes paid-up if the plan’s premiums have been paid for at least three years and then the premium payment is stopped. |
| Free-look period | Within 15 days of receiving the bond, the policyholder can review the terms and conditions in the policy documentation. |
- Under Section 80C of the Income Tax Act, premiums paid to Sahara Dhanvarsha-Jeevan Bima are eligible for tax benefits.
- Under Section 10(10D) of the Income Tax Act, the policy’s payouts, such as the death benefit, maturity benefit, and surrender benefit, are eligible for tax rebates.
Additional advantages: How to save money with Sahara Dhanvarsha-Jeevan Bima
By purchasing an insurance policy from Sahara Life Insurance, customers stand to gain significantly. A portion of these advantages include:
- Extravagant calculator: The online premium calculator on the Sahara Life Insurance website lets customers figure out the sum assured and premium for a variety of plans.
- Financial advisor: To get help from an insurance advisor, a person can use an online request form. He or she will be able to walk customers through every step of the insurance process.
- Redress for complaints: There is a dedicated grievance redressal cell at Sahara Life Insurance that responds to all complaints promptly. Customers can go to the company’s branch closest to them or call the toll-free 1800-180-9000 grievance redressal cell. Customers can also send an email to [email protected] with concerns. Complaints are typically gone to inside 10 working days.
- Sum of the premium: Cheques or cash deposits are acceptable methods of premium payment for customers. The payment can be made at any of the national company branches.
Why should you choose Sahara Life Insurance to purchase Sahara Dhanvarsha-Jeevan Bima?
The organization’s mission is to offer products for affordable life insurance to both urban and rural areas of the nation. The company has recently focused on expanding insurance coverage to rural areas. To meet the diverse requirements of its customers, Sahara Life Insurance provides a comprehensive selection of insurance products. The company offers child plans, pure term insurance policies, group insurance products, and universal life insurance plans (ULIPs).
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