Sahara Dhanvrishti Plan
Sahara Dhanvrishti Plan is a Single Premium Non-Participating Money Back Plan. It is a Traditional Plan without Bonus facility.
Compare this plan with other Investment Plans
Sahara Dhanvrishti Plan - Key Features
There are no additional riders in this plan.
Sahara Dhanvrishti Plan - Benefits
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 Survi
Being a Money Back Plan, 15% of the Sum Assured is paid out at the end of every 3 policy years. 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 Pro 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. If the policy holder stops paying the premium, the policy lapses and all benefits cease 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 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....
How Sahara Dhanvrishti Plan works
Eligibility conditions and other restrictions in Sahara Dhanvrishti Insurance Policy
Minimum
Maximum
Notional Cash Option (in Rs.)
50,000
No Limit
Deferment Period (in years)
9,12
15
Premium Payment Term (in years)
Single
Entry Age of Policyholder (in years)
9
60
Age at Maturity (in years)
-
70
Payment modes
Only Single
Sahara Dhanvrishti Plan - FAQs
Special Surrender Value = Cash Value of Maturity Benefit, i.e. Single Premium + Guaranteed One Time Addition, if any)
