Sahara Dhanvriddhi Jeevan Bima Plan

• Survival benefit payable
• Return of premiums at maturity
• Avail Guaranteed addition
• Single premium plan
• Life insurance benefit
• 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 125% of single premium or guaranteed amount on maturity or sum assured 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 110% of single premium or guaranteed amount on maturity or sum assured is payable.

The Death Benefit payable is irrespective of survival benefits already paid.

Survival Benefit

Survival benefit is payable at specific intervals on survival of the life insured.
For 9 year policy term, 15% of sum assured is payable at the policy anniversary of 3^rd & 6^th year.
For 12 year policy term, 15% of sum assured is payable at the policy anniversary of 3^rd,6^th& 9^th year.
For 15 year policy term, 15% of sum assured is payable at the policy anniversary of 3^rd,6^th ,9^th & 12^th year.

Maturity Benefit

In case of survival of the life insured till end of the policy term, return of single premium plus guaranteed one time addition (as applicable), is payable. This one time addition is expressed as a percentage of single premium and it is different for different policy terms, depending on the sum assured chosen.

Bonus

No bonuses are applicable, as it is a without profit plan.

Loan Benefit

This policy does not offer loan facility.

Surrender Value

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.

No rider can be opted this plan.

Mr. Raheja at 35 years of age buys Sahara Dhanvriddhi Jeevan Bima with the policy term of 9 years, single premium of Rs 56,908, and sum assured is Rs 80,000.

Scenario A: Raheja Survives the Policy Term

If Raheja survives till the maturity of the policy term, he receives 15% of sum assured i.e., Rs 12,000 is payable at the policy anniversary of 3^rd & 6^th year. At maturity, return of single premium plus guaranteed one time addition i.e., Rs 59,184 is payable.

Scenario B: Mukesh dies during the Term of the Policy

In the event of the demise of Raheja during the policy term, sum assured on death i.e., Rs 80,000 is payable to the nominee.

Benefit Illustration: