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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 Samooh Suraksha
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Plan Nature
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TRADITIONAL
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Plan Category
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Term Plan
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UIN No.
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127N008V01
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About Plan
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This product provides only term insurance cover, thus satisfy the insurance need of persons, who are unable to save enough for getting themselves covered through individual insurance plans. Term Insurance means that sum assured shall be payable to nominee only on death of member during continued membership of the group and currency of the policy. Through group term insurance, adequate cover, say 7 times of annual income, is possible with an outlay of just about 3% to 5% of annual income
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Minimum Entry Age
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18 Years
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Maximum Entry Age
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64 years
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Minimum Sum Assured
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Rs 10000
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Maximum Sum Assured
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Rs.500000
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Maximum Maturity Age
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65 Years
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Minimum Policy Term
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1 Years
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Benefits
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| No data for Benefits |
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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 Samooh Suraksha plan provides only term insurance cover, thus satisfy the insurance need of persons, who are unable to save enough for getting themselves covered through individual insurance plans. Term Insurance means that sum assured shall be payable to nominee only on death of member during continued membership of the group and currency of the policy. Through group term insurance, adequate cover, say 7 times of annual income, is possible with an outlay of just about 3% to 5% of annual income.
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As a result of significant saving in expenses, in comparison to individual insurance, cost of term insurance is very minimal. (For example a single proposal form is to be filled by employer and a single group policy is issued to Group Policyholder).
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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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