Sahara
India Life – Dhanvriddhi Jeevan Bima is a without
profit single premium money back endowment plan with additional advantages. The
plan also provides guaranteed additions up to 20% of single premium. This plan
is suitable for those who want to pay premium once.
Key features:
- Plan offers
Pay once and enjoy risk coverage till policy
years
Money Back every 3 years
Maturity Benefits 100% premium + Guaranteed
addition
Guaranteed additions up to 20% of Single
premium
Flexible policy term available
Policy can be surrendered any time during the
policy term
Risk commencement immediately
Policy available from age 9 to 60 years age
group
Maximum maturity age up to 70 years
Attractive death/maturity benefits
Plan Parameters: - The plan parameters are as
under:-
|
Minimum age at entry
|
9 years (Nearer
birthday)
|
|
Maximum age at entry
|
60 Years (Nearer
Birthday)
|
|
Minimum sum Assured
|
` 50000/-
|
|
Death Benefit
|
Sum Assured
|
|
Policy Term
|
9, 12, and 15
years
|
|
Premium Payment mode
|
Single Premium
|
|
Maximum Maturity Age
|
70 Years
|
Service Tax: - Service tax on premium will be
charged extra according service tax rules.
Benefits:
Guaranteed
Death Benefit: In case of unfortunate demise of the life assured any
time during the policy term, sum assured will be payable to policy holder
nominee, irrespective of the amount of survival benefits paid.
Guaranteed
additions: With this plan you will get guaranteed additions up to
20% of Single premium at the time of the maturity. The brief details of
guaranteed addition are as under:-
|
Sum
Assured
|
9 year
|
12 year
|
15 year
|
|
Sum
assured ` 80000
and above but less than ` 1 Lac
|
4%
|
6%
|
8%
|
|
Sum
assured ` 1Lac
and above but less than ` 2 Lacs
|
6%
|
9%
|
12%
|
|
Sum
assured ` 2 Lacs
and above but less than ` 1
Crore
|
10%
|
15%
|
20%
|
Guaranteed
Survival Benefit: - 15% of Sum Assured Guaranteed Survival
Benefit every 3 years. For policy term 9 years two times, for policy term12
years 3 times and for policy term 15 years 4 times survival benefits you will
get.
Guaranteed
Maturity Benefit:- Apart from survival benefits paid, maturity
benefit is – Return of Single Premium + Guaranteed additions will be paid.
Loan: Policy
loan will not available under this policy.
Citation:
- This example carried out
based on the Policy Holder age - 35 years, Policy term -
9 years, sum assured - ` 80000 and Premium - ` 56908/-.
|
End of
Policy Year
|
Premium
Paid
|
Death Benefit
|
Survival Benefit
|
Guaranteed Addition
|
Maturity
Benefit
|
|
Guaranteed
|
Guaranteed
|
Guaranteed
|
-
|
||
|
1
|
56908
|
80000
|
-
|
-
|
-
|
|
2
|
-
|
80000
|
-
|
-
|
-
|
|
3
|
-
|
80000
|
12000
|
-
|
-
|
|
4
|
-
|
80000
|
-
|
-
|
-
|
|
5
|
-
|
80000
|
-
|
-
|
-
|
|
6
|
-
|
80000
|
12000
|
-
|
-
|
|
7
|
-
|
80000
|
-
|
-
|
-
|
|
8
|
-
|
80000
|
-
|
-
|
|
|
9
|
-
|
80000
|
-
|
2276
|
59184
|
|
Total
|
` 83184
|
||||
Conclusion:- Sahara India Life insurance
company Limited is First Wholly Indian Life Insurance Company in the Private Sector. This
makes differences to other life insurance company and Sahara Life Insurance Co.
Ltd. If you want to purchase this
plan it is advised to take this plan in the name of your child which age around
9 years to 12 years. High sum assured (2 Lakhs and above) and lower entry age
will make your return very attractive in this plan.
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