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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 Samriddhi
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Plan Nature
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TRADITIONAL
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Plan Category
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Money Back
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UIN No.
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127N013V01
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About Plan
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This policy returns your money at regular intervals for your recurring financial requirements. This policy is available for terms 15 and 20 years only. This plan is suitable for Safe investors who get safety, returns & tax benefits in one package here. It is also suitable for those who want to accumulate funds for future investment opportunities.
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Minimum Entry Age
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15 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 100000
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Minimum Policy Term
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15 Years
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Maximum Policy Term
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20 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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The survival benefit at the end of policy term along with vested bonuses and loyalty addition as may be declared if policy is inforce.
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Death Benefits
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Basic sum assured along with vested bonuses would be paid, irrespective of the survival benefits already paid, provided policy is in force on the date of death.
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Survival Benefit
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Basic Sum Assured is payable if the policy is in force on dates of survival.
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Loan against policy
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No loan is available under the policy.
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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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Accidental Death Benefit & Accidental Total & Permanent Disability Benefit Rider [127B001V01]
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Sahara Samriddhi is a Money Back Policy gives you the financial security against unfortunate death & living too. This policy returns your money at regular intervals for your recurring financial requirements. This plan is suitable for Safe investors who get safety, returns & tax benefits in one package here. It is also suitable for those who want to accumulate funds for future investment opportunities.
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The survival benefit at the end of policy term as per the above table along with vested bonuses and loyalty addition as may be declared if policy is inforce
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On death during the term of the policy, the basic sum assured along with vested bonuses would be paid, irrespective of the survival benefits already paid, provided policy is in force on the date of death.
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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 year's premium, extra premiums and rider premiums, if any). In case any survival benefit has been paid or has become payable, the premiums paid prior to the due date of last survival benefit paid or payable shall be excluded while calculating surrender value.- Basis for calculating Special surrender value shall be announced by the company from time to time.
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1. Accident Benefit & Accidental Total & Permanent Disability Benefit Rider2. Critical Illness Rider
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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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