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Product Information
Other Plans Sahara Pay Back – Jeevan Bima (Money back)
Synopsis:
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Non-Linked Limited premium Money-Back With Profit Endowment Plan "Sahara Pay Back Jeevan Bima" a traditional limited premium money-back participating endowment plan not only helps in planning for future expenses by making lump-sum funds available at specific intervals but in case of any unfortunate event, this plan also helps to protect the family from financial hardships. In other words, this plan gives a double benefit of guaranteed money back at regular intervals along with protection in case of an unforeseen eventuality. The plan is suitable for those who want safety, guaranteed returns, tax benefits and also periodic guaranteed cash inflow to meet the desired financial obligations.
Eligibility:
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This is a non-linked limited premium with profit money-back endowment plan.
Features of the plan are as under:
Minimum Issue Age 16 years nearer birthday. Further the risk commences immediately.
Maximum Issue Age 50 Years (Nearer birthday)
Minimum Sum Assured Rs 75000/- and thereafter in multiples of Rs 5000/-
Maximum Sum Assured 1 Crore, subject to underwriting
Minimum Policy Term Policy term 12 years, 16 years and 20 years.
Maximum Policy Term Policy term is fixed for 12 years, 16 years and 20 years.
Premium Paying Term The premium paying term is 5 years for 12 years policy term, 5 years or 10 years for 16 years policy term and 5 years or 10 years or 15 years for 20 years policy term
Maximum Coverage Age 70 Years
Mode of Premium payment Yearly, Half-yearly, Quarterly and Monthly.
Rebates available For mode of payment of premium:
For yearly and half-yearly modes of premium payments rebate of 3% and 1.5% respectively of tabular premium are available.