Sahara Pay Back Jeevan Bima Plan

• 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 3^rd/6^th/9^th policy year, respectively.
For 16 year policy term, 10%/15%/25% of sum assured is payable at the end of 4^th/8^th/12^th policy year, respectively.
For 20 year policy term, 10%/15%/25% of sum assured is payable at the end of 5^th/10^th/15^th 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.

You can opt for Accidental Death Benefit (ADB) Rider, on payment of additional rider premium.

Mukesh aged at 50 years, buys Sahara Pay Back Jeevan Bima to receive regular money backs along with life protection. He opts this plan with the policy term of 20 years, premium paying term of 15 years, and the sum assured is Rs 80,000.

Scenario A: Mukesh Survives the Policy Term

If Mukesh survives till the maturity of the policy term, he receives 10%, 15% & 25% of sum assured i.e., Rs 8,000, Rs 12,000 & Rs 20,000 is payable at the end of 5^th,10^th & 15^th policy year, respectively. At maturity, 60% of the sum assured i.e., Rs 48,000 plus vested bonuses are payable.

Scenario B: Mukesh dies during the Term of the Policy

In the event of the demise of Mukesh during the policy term, sum assured on death is payable to the nominee. This payout helps the nominee to get the financial assistance, when he is not around.

Benefit Illustration: