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Sahara Kavach

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This plan has been withdrawn by the insurance company and is no longer available for sale.
 

Sahara Kavach Term Plan


Sahara Kavach is a vanilla term plan where the nominee would receive the sum assured if the life insured dies within the policy tenure but nothing is payable on maturity.
 

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    Key Features of Sahara Kavach

     

    §  It is a pure Term Insurance Policy with Death Benefit only

    §  Life Insured can be covered till 65 years age.

    §  5 years is provided to the policyholder in case of revival of lapsed policies.

     

    Benefits you get from Sahara Kavach


    Death Benefit – In case of death of the policy holder, the nominee gets the sum assured under the plan

     

    Maturity Benefit – There are no maturity benefits under this plan.

     

    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

     

     

    Eligibility conditions and other restrictions in Sahara Kavach

     

     

    Minimum

    Maximum

    Sum Assured (in Rs.)

    5,00,000 and then in multiples of 50,000

    No Limit

    Policy Term (in years)

    15

    20

    Premium Payment Term (in years)

    Equal to policy term

    Equal to policy term

    Entry Age of Policyholder

    18

    50

    Age at Maturity

    -

    65

    Single premium (in Rs.)

    NA

    NA

    Payment modes

    Yearly, Half-Yearly, Quarterly and Monthly

     

     

    Sample illustration of premium amount in Sahara Kavach

     

    The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 5 lakhs and Policy Term = 20 years

    Sahara Kavach Term Plan Sample Premium Rates

     

    Additional Features and Benefits of Sahara Kavach

     

    Riders – No riders are available in this policy

     

    HAVE ANY DOUBTS THAT NEED TO BE CLARIFIED?


     

    What happens if?

     

    You stop paying the premium - If the policy holder stops paying the premium, then the policy lapses and all benefits stop. You can however re-instate the policy within 5 years of lapsation by fulfilling the necessary requirements.

     

    You want to surrender the policy – There are no surrender benefits under this term plan.

     

    You want a loan against your policy – There is no loan facility in this plan.

     

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