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Sahara Dhanvrishti Plan

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This plan has been withdrawn by the insurance company and is no longer available for sale.

 

Sahara Dhanvrishti Plan
 
Sahara Dhanvrishti Plan is a Single Premium Non-Participating Money Back Plan. It is a Traditional Plan without Bonus facility.
 
How it works – In this plan, premium needs to be paid upfront under Single Premium Facility.
 
This is a unique Money Back Plan where there are Survival Benefits in this plan of 15% of Sum Assured every 3 years and on Policy Maturity the entire Single Premium Paid + Guaranteed One Time Addition would be paid as Maturity Benefit and the policy would be terminated. Guaranteed One Time Addition would be payable only if the Sum Assured is more than Rs 80,000 and depends on the Policy Tenure and Sum Assured.
 
However, if the Life Insured dies within the policy tenure, then the entire Sum Assured would be payable to the nominee, irrespective of the Survival Benefits already paid and the policy terminates.
 
 
Key Features of Sahara Dhanvrishti Policy
 
  • It is a Single Premium Money Back Plan
  • There is no Bonus component in this plan
  • In this plan, Survival Benefits of 15% of the Sum Assured is paid at every 3 years
  • On Policy Maturity, the entire Single Premium Paid + Guaranteed One Time Addition would be paid
  • If the Life Insured dies within the policy tenure, then the entire Sum Assured would be payable to the nominee, irrespective of the Survival Benefits already paid
COMPARE THIS PLAN WITH OTHER MONEY BACK PLANS
 
 
Benefits you get from Sahara Dhanvrishti Policy
 
Death Benefit – In case of death of the Life Insured within the Policy Tenure, the nominee gets 100% of the Sum Assured as Death Benefit, irrespective of the Survival Benefits already paid and the policy terminates.
 
Survival Benefit – Being a Money Back Plan, 15% of the Sum Assured is paid out at the end of every 3 policy years

 

Payment
9 Years Policy
12 Years Policy
15 Years Policy
At the end of 3rd Year
15% of Sum Assured
15% of Sum Assured
15% of Sum Assured
At the end of 6th Year
15% of Sum Assured
15% of Sum Assured
15% of Sum Assured
At the end of 9th Year
-
15% of Sum Assured
15% of Sum Assured
At the end of 12th Year
-
-
15% of Sum Assured
 
 
Maturity Benefit – On survival till the end of the policy tenure, the policyholder gets the Single Premium + One Time Guaranteed Addition, for Sum Assured more than Rs 80,000 as Maturity Benefit and the policy terminates.
 
The Percentage of Guaranteed Addition is as below:

 

Guaranteed Addition as a % of Single Premium for various Policy Tenures
 
9 Years Policy
12 Years Policy
15 Years Policy
Rs 80,000 <=SA <= Rs 1,00,000
3%
5%
7%
Rs 1,00,000 <=SA <= Rs 2,00,000
5%
10%
15%
Rs 2,00,000 <=SA <= Rs 3,00,000
10%
15%
20%
Rs 3,00,000 <=SA <= Rs 5,00,000
15%
20%
25%
SA >= Rs 5,00,000
15%
25%
30%
 
 
Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity Proceeds are tax free under section 10(10)D subject to fulfilment of terms and conditions.
 
 
Eligibility conditions and other restrictions in Sahara Dhanvrishti Insurance Policy
 

 

 
Minimum
Maximum
Sum Assured (in Rs.)
50,000
No Limit
Policy Term (in years)
9, 12
15
Premium Payment Term (in years)
Single
Entry Age of Life Insured (in years)
9
60
Age at Maturity (in years)
-
70
Payment modes
Only Single
 
                                               
Additional Features and Benefits of Sahara Dhanvrishti Plan
 
Riders – There are no additional riders in this plan.
 
 
What happens if?
 
You stop paying the premium - If the policy holder stops paying the premium, the policy lapses and all benefits cease
 
You want to surrender the policy – There are Surrender Benefits in this plan but after the completion of one year from the date of policy commencement. The surrender benefit payable will be higher of Special Surrender Value or Guaranteed Surrender Value.
 
Guaranteed Surrender Value= 80% of Single Premium - Extra Premium, if any and applicable taxes
Special Surrender Value = Cash Value of Maturity Benefit, i.e. Single Premium + Guaranteed One Time Addition, if any)
 
You want a loan against your policy – Loan facility is available in this plan but after the completion of one year from the date of policy commencement upto 90% of Surrender Value.

 
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