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Insurance Company
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Sahara India Life Insurance Company Ltd
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Plan Name
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SAHARA Sahyog
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Plan Nature
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TRADITIONAL
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Plan Category
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Protection Plan
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UIN No.
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127N010V01
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About Plan
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It is a micro insurance policy. It is suitable for those who have limited resources but desire to safeguard their families against the uncertainties of life and save for the future. The plan is non-participating and provides the ideal solution. On maturity of the policy or in case of unfortunate death the Sum Assured is payable if the policy is in force
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Minimum Entry Age
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18 Years
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Maximum Entry Age
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60 Years
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Minimum Sum Assured
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Rs 5000
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Maximum Sum Assured
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Rs30000
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Minimum Policy Term
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05 Years
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Maximum Policy Term
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15 Years
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Maximum Maturity Age
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75 Years
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On survival of the policyholder up to maturity, Sum Assured under this policy is payable if policy is in force.
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Death Benefits
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Sum Assured is payable on death during the term of the policy if the policy is in force.
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Loan against policy
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No loan is available under the plan.
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Surrender Benefit
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After the policy has run and premiums have been paid for at least 3 years. Higher of Special surrender value and Guaranteed surrender value is payable.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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SAHARA Sahyog is a micro insurance policy. It is suitable for those who have limited resources but desire to safeguard their families against the uncertainties of life and save for the future. The plan is nonparticipating and provides the ideal solution.
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For yearly & Half-yearly mode of premium payments rebate of 3% and 1.5% are available on tabular premium respectively.
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Sum Assured is payable on death during the term of the policy if the policy is in force.
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After the policy has run and premiums have been paid for at least 3 years. Higher of Special surrender value and Guaranteed surrender value is payable, where- Guaranteed surrender value is equal to 30% of premiums paid (excluding the first yearÆs premium, extra premiums, ifany). - Basis for calculating Special surrender value shall be announced by the company from time to time.
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29-Jan-09
16:51
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Insurers to inform consumer on bouncing of cheque
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29-Oct-08
12:05
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IRDA asks ULIP performance report
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