|
|
|
|
|
|
|
Insurance Company
|
Sahara India Life Insurance Company Ltd
|
|
Plan Name
|
SAHARA Jan Kalyan
|
|
Plan Nature
|
TRADITIONAL
|
|
Plan Category
|
Term Plan
|
|
UIN No.
|
127N006V01
|
|
About Plan
|
Keeping the interest of the under privileged sections of the society in mind the Sahara India Life Insurance Company Ltd now introduces Sahara Social Security Scheme. This product provides only term insurance cover. Term insurance means that sum assured shall be payable to the nominee only on death of the member during continued membership of the group and currency of the policy. Hence this product satisfies the insurance need of persons, who are unable to save enough for getting themselves covered through individual insurance plans. This is of particular importance for groups belonging to unorganized/informal sectors including economically vulnerable /backward classes.
|
|
|
|
|
|
|
|
Minimum Group Size
|
50
|
|
NA
|
Rs 10000
|
|
NA
|
Rs.25000
|
|
NA
|
Rs.100
|
|
NA
|
Rs. 250
|
|
|
|
|
|
|
|
|
|
Benefits
|
|
|
| Particulars | Description |
|
Additional Benefits
|
Double Accident benefitAn additional benefit equal to sum assured shall be payable if death is caused within 180 days of any bodily injury sustained directly and solely from an accident caused by outward, violent and visible mean solely, directly and independently of all other causes of death.
|
|
|
|
Tax Benefits
|
|
|
| Section | Description |
|
SEC 80 C
|
Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
|
|
SEC 10 (10)D
|
Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
|
|
|
|
|
|
|
|
|
|
|
|
SAHARA Jan Kalyan plan provides only term insurance cover. Term insurance means that sum assured shall be payable to the nominee only on death of the member during continued membership of the group and currency of the policy. Hence this product satisfies the insurance need of persons, who are unable to save enough for getting themselves covered through individual insurance plans. This is of particular importance for groups belonging to unorganized/informal sectors including economically vulnerable /backward classes.
|
|
As a result of significant saving in expenses in comparison to individual insurance, cost of group term insurance is very minimal. (For example a single proposal form is to be filled by the employer and a single group policy is issued to the Group Policyholder). Hence premium under this policy is quite low at Rs 10 per thousand. This Premium rate is guaranteed for 1 year only. However, revision in premium rates will be effected only after obtaining approval from the Insurance Regulatory and Development Authority.
|
|
An additional benefit equal to sum assured shall be payable if death is caused within 180 days of any bodily injury sustained directly and solely from an accident caused by outward, violent and visible mean solely, directly and independently of all other causes of death.
|
|
|
|
|
|
|
|
29-Jan-09
16:51
|
Insurers to inform consumer on bouncing of cheque
|
|
29-Oct-08
12:05
|
IRDA asks ULIP performance report
|
|
|
|
|
View another Plan
|
|
|
|
|
Insurance Company
|
|
|
|
|
Solution for
|
|
|
|
|
Type
|
|
|
|
|
Category
|
|
|
|
|
Plan
|
|
|
|
|
|
|