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Money-back Endowment Assurance without Profits Plan
In this uncertain world, one would like to know that their savings are safe and growing? One would also want to know the fact that in case they faced with situation during which they require money urgently, do they have the same with them. Further, in this materialistic world the small happy moment spent with family and loved ones will stay with us for long time and these moments becomes memorable when you are financially equipped to enjoy them.
Sahara Dhanvarsha Jeevan Bima, a traditional limited premium money-back non-participating endowment plan that not only helps you in planning for future expenses by making lump-sum funds available at specific intervals but also, in case of any unfortunate event, this plan also helps you to protect your family from financial hardships. In other words, this plan gives you a double benefit of guaranteed money back at regular intervals along with protection in case of an unforeseen eventuality. This plan is suitable for investors who want safety, guaranteed returns, tax benefits and also periodic guaranteed cash inflow to meet the desired financial obligation
This is a limited premium non-participating money-back endowment plan. Premium refers to base premium which excludes any extra premium, rider premium and applicable taxes on premium. |
Minimum Issue Age |
15 Years (Nearer birthday) where the risk commences immediately. |
Maximum Issue Age |
55 Years (Nearer birthday) |
Minimum Sum Assured |
Rs 75000/- and thereafter in multiples of Rs 5000/- |
Maximum Sum Assured |
None, subject to underwriting |
Minimum Policy Term |
15 years and 20 years. |
Maximum Policy Term |
Policy term is fixed for 15 years and 20 years subject to the condition that maturity age should not exceed 70 years (nearer birthday). |
Premium Paying Term |
The premium paying term is 10 years for 15 years policy term and 15 years for 20 years policy term |
Maximum Coverage Age |
70 Years |
Modes of Premium payment |
Yearly, Half-yearly, Quarterly and Monthly. |