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Sahara India Life Insurance

The Sahara Pariwar´s latest foray is in the field of Life Insurance. The Pariwar´s life insurance company - Sahara India Life Insurance Company Ltd. has been granted license by the insurance regulator - the IRDA on 6th February 2004. With this approval Sahara India Life Insurance Company Ltd. becomes the first wholly and purely Indian company, without any foreign collaboration to enter the Indian Life insurance market.

Sahara India Life Insurance providing following plans:

Individual Products

Sahara Swabhimaan

The Plan
The financial markets in the country today are at a very exciting stage with the Indian Economy poised to grow rapidly in the next several years. We at Sahara India Life Insurance Company felt that our policyholders must be part of this excitement and derive direct benefit from the great potential provided by these markets.

The Unit Linked Pension Plan being offered is a unique blend of risk coverage and market linked returns to cater the needs of old age. All the objectives of buying a pension plan are taken care of with a potential of earning higher returns over the term of the policy. The unit linked plan enhances the value of the savings over a period of time and offers choices to the customers to choose the investment plan according to their risk profile and investment horizon at various points during the life of the policy.

Plan Details:
Minimum Issue Age: 18 Years (Last birthday)
Maximum Issue Age: 60Years (Nearest birthday)
Premium Paying Term: Same as policy term
Minimum coverage Age: 50 Years (Nearest birthday)
Maximum Coverage Age 70 Years (Nearest birthday)

Term of the policy: 10 - 42 yrs

Minimum Premium
Annual Mode: Rs.10000
Half Yearly Mode: Rs. 5000
Quarterly Mode Rs. 2500
Monthly Mode Rs. 1000

Sum Assured  Sum Assured = 0.5 * Term * Annualised premium

Fund Investment

Option Shares (equity) Debt Cash Risk Profile
Secured Fund Nil Min 80% Max 20% Low
Balanced Fund Max 40% Min 40% Max 20% Medium
Growth Fund Min 80% Max 20% Max 20% High


Benefits under the policy:
On maturity - Fund Value
This amount can be used in the following manner
- Up to 1/3rd of the maturity amount can be commuted and received as
Lump sum at the time of maturity of the policy.
- Balance amount has to be used to buy an immediate annuity(pension) from any life insurance company at the annuity rates prevailing at that time.

Tax benefits
• Premiums paid under the policy are eligible for Income tax benefits under 80C of the Income Tax Act, 1961.
•  The maturity proceeds of the policy are not taxed as income of the policyholder or his dependents under section 10(10D) of the Income tax Act, 1961. Section 10(10D) may not apply if the premium exceeds 20% of the Sum Assured in anyone year during the term of the policy.
• These benefits shall be subject to modification as per prevailing statutory provisions from time to time.
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