Sahara Samriddhi Plan
Sahara Samriddhi Plan is a Regular Premium Participating Money Back Plan. It is a Traditional Plan with Bonus facility.
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Sahara Samriddhi Plan - Key Features
There are 2 additional riders in this plan:
Sahara Samriddhi Plan - Benefits
In case of death of the Life Insured within the Policy Tenure, the nominee gets the basic Sum Assured + all attached Bonuses as Death Benefit, irre
Being a Money Back Plan, a certain percentage of the Sum Assured is paid out at the end of every 3 policy years. On survival till the end of the policy tenure, the policyholder gets the remaining Sum Assured + attached Bonus + Terminal Bonus as Maturity Benefi 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 If the policy holder stops paying the premium, the policy lapses and all benefits cease. If at least 3 years premiums are paid, then the policy acquires Paid Up Value and continues with reduced coverage. The policy can however be revived within 5 years from the due date of the first unpaid premium. There are Surrender Benefits in this plan but after the completion of 3 Policy years from the date of policy commencement. The surrender benefit payable will be higher of Special Surrender Value or Guaranteed Surrender Value. Guaranteed Surrender Value= 30% of total Premium paid – 1st year’s premium Loan facility is not available in this plan....
How Sahara Samriddhi Plan works
Eligibility conditions & other restrictions in Sahara Samriddhi Insurance Plan
Minimum
Maximum
Sum Assured (in Rs.)
1,00,000
No Limit
Policy Term (in years)
15
20
Premium Payment Term (in years)
Entry Age of Policyholder
15
Age at Maturity
-
75
Payment modes
Sahara Samriddhi Plan - FAQs
Basis for calculation of Special Surrender Value would be declared by the company from time to time
