Sahara Utkarsh Jeevan Bima Plan

• 5 fund options to earn higher returns
• Receive Fund Value as maturity benefit
• Financial protection for family
• Single or Regular premium payment option
• Get liquidity through partial withdrawals
• Avail switching between funds
• 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 Sum Assured plus Fund Value, provided the policy is in-force. The death benefit is subject to a minimum of 105% of the total premiums paid.

Maturity Benefit

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

Switching

You can switch among 5 available fund options to suit your changing investment needs. You can exercise this option any time during the term of the policy.

Partial Withdrawal

Partial Withdrawal is allowed from 6^th policy years onwards, provided the life assured has attained majority and paid all the due premiums. 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 50,000 (for single premium policy) & one annualized premium (for regular premium policy).

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

Under Single Premium, upon surrendering the policy with-in the lock-in period of 5 years, the fund value is credited to the ‘Discontinued Policy 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.

Under Regular Premium, upon surrendering the policy with-in the lock-in period of 5 years, the fund value (after deducting the discontinuance charges) is credited to the ‘Discontinued Policy 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.

Accident Benefit & Accidental Total & Permanent Disability Benefit Rider can be opted, on payment of additional rider premium.

Premium Allocation Charges: The Premium Allocation Charge is deducted from the premiums paid and the balance amount is then allocated to funds chosen. Under Single premium policy, Premium Allocation Charge is 4.5% of the single premium. Under Regular premium policy, it is 7.5%/5%/4% of the annualized premium for 1^st policy year/2^nd to 5^th policy year/6^th policy year onwards, respectively.

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 upon prior approval from IRDAI.

Mortality Charges: Mortality charge is based on the amount of Sum Assured. 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. Raj with an objective to achieve high returns for his investment opts to buy SAHARA UTKARSH- JEEVAN BIMA with the policy term of 15 years (regular pay), annualized premium of Rs 26,000 and sum assured of Rs 2,60,000.

Scenario A- Maturity Benefit: In case of his survival till maturity of the policy, the Fund Value as on the date of maturity is payable. The maturity benefit helps meet financial obligations.

Scenario B- Death Benefit: In the event of his death during the policy term, the Death Benefit payable is Sum Assured plus Fund Value, provided the policy is in-force.

Benefit Illustration: