Sahara Sanchit Jeevan Bima Plan

• Invest in any 5 fund options
• Convenience of one-time investment
• Wealth Creation Plus Protection benefits
• Receive Fund Value as maturity benefit
• Partial withdrawals from 6^th policy year onwards
• Avail 2 free switches during a policy year
• Enjoy tax benefits

This policy offers following 5 investment funds and you have the option to invest in any one or combination of fund options.

• Secured Fund
• Balanced Fund
• Smart Fund
• Growth Fund
• Prima Fund

Death Benefit

In the event of death of the life assured, the Death Benefit payable is higher of Sum Assured less partial withdrawals (preceding two years as on the date of death) or Policy Fund Value.

Maturity Benefit

On survival till the end of the policy term, the Fund Value is payable to the life assured.

Switching

You can switch among 5 available fund options to suit your changing investment needs.

Partial Withdrawal

Partial Withdrawal is allowed from 6^th policy years onwards. The minimum partial withdrawal amount allowed is Rs 2,500. The maximum partial withdrawal allowed is up to 50% of the fund value, provided minimum balance fund value required after such withdrawal should be at least Rs 30,000.

There should be a minimum period of 1 year between two consecutive partial withdrawals.

Bonus

This plan is not eligible for the bonuses.

Loan Benefit

No loan benefit can be availed under this plan.

Surrender Value

Upon surrendering the policy with-in the lock-in period of 5 years, the fund value is credited to the ‘Discontinued Policies Fund’, which will earn an interest rate of 3.5% per annum compounded yearly up to the end of 5 policy years. The proceeds after addition of interest subject is payable after the end of the lock-in period.

Upon surrendering the policy after the lock-in period of 5 years, the Fund Value as on the date of surrender is payable immediately.

No rider is available under this plan.

Premium Allocation Charges: The Premium Allocation Charge is deducted from the premiums paid and the balance amount is then allocated to funds chosen. It is 3% of the single premium and levied for the 1^st policy year only.

Policy Administration Charge: Policy administration charge is Rs 30 per month, increases by 5% p.a compounding annually on every policy anniversary. This charge may be revised, subject to a maximum of Rs 100 per month.

Mortality Charges: Mortality charge is based on the amount of Sum at Risk. This charge is deducted every month by cancellation of units.

Fund Management Charges: Fund management charge levied is a percentage of the Fund Value. It is 0.65% p.a for Secured Fund subject to a maximum of 0.90% p.a, 0.75% p.a for Balanced Fund subject to a maximum of 1.00% p.a, 1.00% p.a for Smart Fund, Growth Fund & Prima Fund subject to a maximum of 1.25% p.a, on prior approval from IRDAI.

Switching Charge: Two switches are available free of cost during a policy year. A charge of Rs 100 is levied when opted for subsequent switching in the same policy year.

Partial Withdrawal: No charge for partial withdrawal is levied.

Tax benefits can be availed under section 80C & 10(10D) under the Income Tax Act, subject to change in tax laws.

Mr. Ved Dwivedi at 35 years of age is looking to accumulate wealth plus financial cover for the family. He chooses to buy SAHARA SANCHIT – JEEVAN BIMA with the policy term of 7 years, single premium of Rs 40,000 and sum assured of Rs 50,000.

Scenario A- Maturity Benefit: In case of his survival till maturity of the policy, the Fund Value is payable. The maturity benefit helps fulfill financial goals.

Scenario B- Death Benefit: In the event of his death during the policy term, the Death Benefit payable is higher of Sum Assured less partial withdrawals (preceding two years as on the date of death) or Policy Fund Value.

Benefit Illustration: