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.
No riders are available in this policy
In case of death of the policy holder, the nominee gets the sum assured under the plan
There are no maturity benefits under this plan.
Life Insurance premiums paid up to Rs.1,00,000 are allowed as a deduction from the taxable income each year under section 80C
|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|
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.
There are no surrender benefits under this term plan.
There is no loan facility in this plan.