Sahara Shubh Nivesh-Jeevan Bima Plan – The Sahara Shubh Nivesh-Jeevan Bima Plan is a plan that many people choose if they want an investment plan that will protect their family and finances. This plan helps you achieve your future goals, like buying a house, a car, or even paying for your children’s education. Making financial plans to invest in “Wealth Creation” schemes is the deciding factor that helps people realize their dreams. A portion of the normal highlights of this arrangement.
Sahara Shubh Nivesh-Jeevan Bima is an important plan that not only aims to provide basic needs of all citizens, but also unlocks the potential of the poor and marginalized communities. The 2024 Sahara Shubh Nivesh-Jeevan Bima plan is a huge step forward in realizing this vision, and it has got everyone excited. Here’s a look at some of its key features.
Sahara Shubh Nivesh-Jeevan Bima Plan 2024
Sahara India Life Insurance was the first Sahara Group-founded Indian insurance company in 2004.Sahara is well-known for its various sports associations and has been one of the well-known names in financial services. He has interests in real estate, finance, entertainment, and entertainment. With a target to arrive at all sections of the general public in both metropolitan and country space, Sahara India Extra security offers items that are serious and take care of the relative multitude of requirements, everything being equal.
Sahara Shubh Nivesh-Jeevan Bima is an annual philanthropic event that benefits the needy and the vulnerable people of India. It was started in 1993 by then-President of India, Shankar Dayal Sharma, with the intent of building bridges between India and the world. For Plan 2024, Sahara Shubh Nivesh has partnered withseveral international organizations to deliver much-needed assistance to people in need. This article will outline the various projects that will be funded by Sahara Shubh Nivesh-Jeevan Bima, and how you can get involved.
Sahara Shubh Nivesh-Jeevan Bima Plan 2024 Details
| Name Of Article | Sahara Shubh Nivesh-Jeevan Bima Plan |
| Top 10 Health Insurance Plans | Click Here |
| Category | Insurance |
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Who is the Sahara Shubh Nivesh-Jeevan Bima Plan aimed at in terms of eligibility?
If you’re planning to get a new Jeevan Bima (Life Insurance) policy, you’ll want to be aware of the Shubh Nivesh-Jeevan Bima Plan. This plan is only available to individuals who are not eligible for any other Jeevan Bima plans. In this article, we’ll outline the eligibility criteria and explain what this plan is all about. So if you’re feeling uncertain about your eligibility for a Jeevan Bima policy, read on to learn more!
To take advantage of the Shubh Nivesh-Jeevan Bima Plan, a person must meet the following requirements:
| Parameters | Details |
| Minimum Age of Entry | 9 years (as on nearest birthday) |
| Maximum Age of Entry | 60 years (as on nearest birthday) |
| Policy Term (Fixed) | 10 years |
| Maturity Age | 70 years |
Sum Assured and Premium Range: What you get for your money
Sum Assured is a private security firm that offers a premium range of services. From home security to pet security, Sum Assured has a solution for everyone. In this post, we’ll take a look at what you get for your money and what services are available. We’ll also provide an overview of the team and their experience, and explain how Sum Assured can help you stay safe and secure. Ready to find out more? Keep reading!
Sum Assured
The premiums you will have to pay in order to take advantage of the policy’s benefits are the sole factor that determine the assured sum. The following is a list of the guaranteed sum for the Sahara Shubh Nivesh-Jeevan Bima Plan:
| Parameters | Details |
| Minimum Sum Assured | Rs.50,000 after which increments of Rs.5,000 shall be made |
| Maximum Sum Assured | No limit |
Sum Assured Rebates
| Parameters | Details |
| Sum Assured is less than Rs.1.25 lakhs | No rebate available on tabular premium |
| Sum Assured is equal to or more than Rs.1.25 lakhs and lesser than Rs.2 lakhs | 3.5% rebate available on the tabular premium |
| Sum Assured is equal to or more than Rs.2 lakhs and lesser than Rs.4 lakhs | 6% rebate available on the tabular premium |
| Sum Assured is equal to or more than Rs.4 lakhs | 8% rebate available on the tabular premium |
Premiums
In order for a person to take advantage of the plan’s benefits and coverage, they must pay premiums to the insurer before purchasing a policy from them. The following is a list of the premiums that a policyholder will be required to pay for a Sahara Shubh Nivesh-Jeevan Bima Plan:
| Parameters | Details |
| Yearly Premium | This depends on the Sum Assured that the policyholder has chosen |
| Premium Payment Term | Single Premium |
Annual Premiums paid:
| Age | Premium | Term | Maturity/Death Benefit | Sum Assured |
| 35 years | Rs.43,314 | 10 years | Rs.80,000 | Rs.80,000 |
Any of the following methods can be used to pay for a Sahara Shubh Nivesh-Jeevan Bima Scheme’s premium:
- Using payment gateways or internet banking
- Payment in cash at the insurer’s branch office
- Through the use of debit or credit cards
- ECS/Direct Debit/Salary Deduction Scheme
- With a cheque or demand draft
The Sahara Shubh Nivesh-Jeevan Bima Scheme’s coverage for the plan
The Sahara Shubh Nivesh-Jeevan Bima scheme has received widespread coverage since it was announced. The scheme, which is aimed at providing life-saving coverage to low-income people, has been lauded for its innovative and egalitarian approach. Here’s a look at the coverage the scheme has received so far and what you need to know if you are eligible to enroll.
The Sahara Shubh Nivesh-Jeevan Bima Scheme provides a variety of advantages, which are outlined in the table that follows:
| Parameters | Details |
| Death Benefits | The Aggregate Guaranteed at the hour of death of the policyholder will be payable by the organization to the candidate or recipient of the arrangement. Aggregate Guaranteed will be no lesser than 125% of the Single Premium paid at the hour of section where the passage age is lesser than 45 years and will be no lesser than every available ounce of effort of the Single Premium for period of section that is more or equivalent to 45 years. |
| Maturity Benefit | When the policy comes to an end, the policyholder will receive payment for the Sum Assured at the time of maturity. |
| Tax Benefits | As per the prevailing tax laws |
Exclusions: What is not covered by the Sahara Shubh Nivesh-Jeevan Bima Scheme?
Regardless of whether the policyholder was sane or insane at the time of their death, the nominee or beneficiary of the policy is entitled to 80% of the premiums that have been paid in the event that the policyholder takes their own life within a year of the policy’s beginning or revival date.
Other Key Benefits
| Parameters | Details |
| Free Look Period | In the event that the policyholder is dissatisfied with the “Terms and Conditions,” the insured has 15 days to return the policy to the insurer. The organization will return any charges that were made during this period in the wake of deducting any costs brought about by the back up plan, for example, stamp obligation charges, clinical costs, and so on. |
| Grace Period | Grace Period is not available with Single Pay plans. |
| Nomination | Under Section 39 of the Insurance Act of 1938, nominations are permitted in accordance with the current tax laws. |
| Assignment | Assignment is allowed as per the prevailing tax laws under Section 38 of the Insurance Act, 1938. |
| Loan Facility | Loan facility is available for amount that come up to 90% of the Surrender Value. |
| Surrender Value | The higher of the following amounts must be the surrender value:
|
Benefits from the Sahara Shubh Nivesh-Jeevan Bima Plan for Taxes: How to Save Money
Under the current tax laws, a policyholder is eligible for tax benefits on any premium paid toward the Sahara Shubh Nivesh-Jeevan Bima Plan under Section 80C, as well as on any monthly income received by the policyholder under Section 10(10D) of the Income Tax Act, 1961.Because tax benefits can change without warning, it’s important for the policyholder to talk to a Tax Advisor to stay up to date on any changes.
Other Benefits: How the Sahara Shubh Nivesh-Jeevan Bima Plan Can Help You Save Money?
The Sahara Shubh Nivesh-Jeevan Bima Plan provides you with the following advantages:
- Get policy updates through SMSes
- Manage the policy online
- Get coverage for your entire family
- You can ask for an advisor to guide you
- Register and track claims easily online
- Download brochures and policy bonds online
- Contact the customer care through various avenues
- Get a quote easily online for your insurance policy
- Pay premiums online
Why should you choose Sahara India Life Insurance Company Ltd.’s Shubh Nivesh-Jeevan Bima Plan?
Sahara India Life Insurance Company Limited is an Indian insurance company that first entered the life insurance market in 2004. It is owned entirely by Indians. Annuities and money-back plans, as well as endowment plans and universal life insurance plans (ULIPs), are among the many insurance options offered by the company. It offers individual and group insurance plans that are tailored to meet the requirements of customers from a variety of backgrounds. The Sahara Shubh Nivesh-Jeevan Bima Plan provides the life assured’s family with additional financial protection in the event of an unfortunate circumstance, such as an accidental death. This strategy is especially useful if you want to buy a house or car, or if you need a lot of money to help pay for your kids’ education.
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