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SAHARA Ankur is a unit linked plan which enhances the value of the savings over a period of time and offers choices to the customers to choose the investment plan according to their risk profile and investment horizon at various points during the life of the policy. The financial markets in the country today are at a very exciting stage with the Indian Economy poised to grow rapidly in the next several years. This plan gives an opportunity to the policyholders to be a part of this excitement and derive direct benefit from the great potential provided by these markets.
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The policy will acquire surrender value if single premium or one full year's premium is paid under the policy but surrender value will be payable only after three years from the date of commencement of the policy.
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1. Partial Withdrawal is allowed after three years from the date of commencement of risk subject to the life assured having attained majority (i.e. on or after attainment of age of 18 years).2. Maximum partial withdrawal is 50% of fund value subject to the condition that minimum balance in the fund after partial withdrawal should be 150% of annualized premium under regular premium policy & Rs 35000 under single premium policy. 3. Minimum partial withdrawal amount is Rs. 2,500.4. Minimum period elapsed between two partial withdrawals should be one year.5. The policy should be in force having paid all due premiums.6. There is no charge applicable for partial withdrawal.
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Premium Waiver Benefit Rider
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At the time of Maturity fund value will be paid.
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Before commencement of risk : Fund ValueAfter commencement of risk : Under Single PremiumMaximum of sum assured reduced by partial withdrawals within two years immediately preceding the death of the life assured or the fund value on the date of receipt of intimation in writing in a office of Sahara India Life Insurance Company Ltd.Under Regular Premium -If all due premiums are paid i.e. policy is inforce -Maximum of sum assured reduced by partial withdrawals within two years immediately preceding the death of the life assured or the fund value on the date of receipt of intimation of death in writing in the office of Sahara India Life Insurance Co. Ltd; If all due premiums are not paid but the period from the date of first unpaid premium to the date of death is less than two years (revival period):(a) If at least 3 years premiums have been paid -Maximum of sum assured reduced by partial withdrawals within two years immediately preceding the death of the life assured or the fund value on the date of receipt of intimation of death in writing in the office of Sahara India Life Insurance Co. Ltd;(b) If premium for less than 3 years have been paid - Fund ValueIf all due premiums are not paid and the period elapsed from the date of first unpaid premium to the date of death is more than two years and policyholder has opted for continuation of the risk (If the policyholder had not opted for continuation of the risk, the surrender value, as per rules was payable):Maximum of sum assured reduced by partial withdrawals within two years immediately preceding the death of the life assured or the fund value on the date of receipt of intimation of death in writing in the office of Sahara India Life Insurance Co. Ltd;
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