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Sahara Nidhi Plan
This plan has been withdrawn by the insurance company and is no longer available for sale.
Sahara Nidhi Plan
Sahara Nidhi Plan is a Participating Endowment Plan. It is a Traditional Plan with Bonus facility.
How it works – In this plan, premium needs to be paid till the end of the policy tenure as selected. The plan can be continued for tenure of 50 years till the Life Insured is 70 years old.
On survival till policy maturity, the Sum Assured + Vested Reversionary Bonus + Final Addition Bonus are paid to the policyholder as Maturity Benefit and the policy terminates. However, if the Life Insured dies within the policy tenure, then the Sum Assured + accrued Reversionary Bonus + Final Addition Bonus are paid to the nominee as Death Benefit and the policy terminates.
Final Addition Bonus is payable if the policy has been operational for 15 years or more. There is 1 additional rider of Accident Benefit and Accidental Total and Permanent Disability Benefit Rider that can be opted for with an additional premium of Re.1 per 1000 Sum Assured only.
Key Features of Sahara Nidhi Policy
This is an Endowment Plan with Bonus facility
The Policy can be continued till 70 years of age of the Life Insured and 50 years of Policy Tenure
The Sum Assured + Vested Reversionary Bonus + Final Addition Bonus is paid on policy maturity or on earlier death
Final Addition Bonus is payable if the policy has been operational for 15 years or more
There is an additional rider of Accident Benefit and Accidental Total and Permanent Disability Benefit in this plan
COMPARE THIS PLAN WITH OTHER ENDOWMENT PLANS
Benefits you get from Sahara Nidhi Insurance Plan
Death Benefit – In case of death of the Life Insured within the Policy Tenure, the nominee gets the Sum Assured + accrued Reversionary Bonus + Final Addition Bonus (if the plan has been inforce for more than 15 years) as Death Benefit and the policy terminates
Maturity Benefit – On survival till the end of the policy tenure, the policyholder gets the Sum Assured + Vested Reversionary Bonus + Final Addition Bonus as Maturity Benefit.
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 Nidhi Insurance Policy
Sum Assured (in Rs.)
Policy Term (in years)
Premium Payment Term (in years)
Equal to Policy Term
Entry Age of Life Insured (in years)
Age at Maturity (in years)
Yearly, Half-Yearly and Quarterly
Sample illustration of returns of Sahara Nidhi Plan
The below illustration is for a healthy male of 30 years of age with a Policy Term of 25 years opting for Sum Assured of Rs 1,00,000 and having an Annual Premium of Rs 4,297
Additional Features and Benefits of Sahara Nidhi Plan
Riders – There is 1 additional rider in this plan:
Accident Benefit and Accidental Total and Permanent Disability Benefit Rider
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 after completion of 3 policy years. The higher of Special Surrender Value and Guaranteed Surrender Value is payable as Surrender Benefit.
Guaranteed Surrender Value = 30% of Premiums Paid (excluding the first year's premium, extra premiums and rider premiums, if any) + Cash Value of accrued Bonus
The basis for calculating Special Surrender Value is announced by the company from time to time.
You want a loan against your policy – Loan facility is also available in this plan after at least 3 years premiums have been paid.