Sahara India ULIP Plans
Sahara India ULIP Plans: Brief Overview
In the year 2004 Sahara India, a frontrunner in Indian entrepreneurship became the first wholly Indian company to enter the private sector with Sahara India Life Insurance Company Ltd. The company has strived to make insurance simple and also accessible to not just the privileged section of the society but also the middle class as well as the rural population as well.
The ULIPs introduced by the company has helped many customers receive higher returns and enjoy multiple policy benefits.
Features of Sahara India ULIP Plans
|Name Of Plan||Entry Age (Nearest Birthday)||Policy Term|
|Sahara Sanchit-Jeevan Bima|
Minimum: 18 years
Maximum: 65 years
|5 years to 10 years|
|Sahara Utkarsh-Jeevan Bima||Minimum: 12 years |
Maximum: 55 years
|8 years to 20 years|
|Sahara Sugam-Jeevan Bima|
Minimum: 10 years
Maximum: 55 years
|10/ 15/ 20 years|
Benefits of Buying Sahara India ULIP Plans
- The Perfect Combination
Sahara India ULIPs allow you to safeguard the future of your loved ones. If unfortunately, an untoward incident takes place, they would not have to compromise on the dreams that you had for them. Your child’s education, wedding, investing in a new house, would all be taken care of even in your absence.
- Partial Withdrawals
In case you are in some financial crunch, post the 5-year lock-in period, you can withdraw a specific amount from the fund value. Partial withdrawals depend on the kind of plan that has been opted for.
- Long Term Investment
With a ULIP, there is a lock-in period of 5 years. This makes the investment more disciplined and regular. This practical and affordable way of savings helps in building a huge corpus.
- Invest the Way You Want
A ULIP caters to every kind of investor. If you are a seasoned investor, you may want to put your money in the equity market. Debt funds may be more suited if you are an amateur. Thus, there is something for each investment portfolio. You also have the freedom to make switches between the funds in case you wish to.
- Goal-Oriented Savings
Sahara India ULIPs allow you to save as per your financial goals. Whether you wish to save for your retirement, your child’s education or for buying a house, the systematic investments help you achieve them easily.
- Tax Benefits
Another advantage of these ULIPs is that they allow you to save on taxes. The premium that you pay, up to INR 1.5 lakhs is tax-free under Section 80C of the Income Tax Act, 1961. The death/maturity benefit that is received is also exempted, under Section 10(10D).
Most Popular Sahara India ULIP Plans
- Sahara Sanchit-Jeevan Bima
Sahara Sanchit is a single premium unit-linked insurance plan that helps you in protecting the returns that you gain from the capital market. It saves you from the fluctuations and volatility of the market. While increasing the potential of higher returns this ULIP by Sahara India also enhances the value of your investments over a period of time. The plan also offers you the flexibility to choose between the different investment funds and also to switch between them as per your wish.
- Sahara Utkarsh-Jeevan Bima
Along with a life insurance cover, Sahara Utkarsh-Jeevan Bima offers you an opportunity to earn high returns through the investments that you make in the capital market. As per your convenience, you can pay the premium through the Single Premium or the Regular Premium option. Apart from multiple investment options, this plan also allows you to increase the scope of the life cover by opting for an accidental death benefit rider.
- Sahara Sugam-Jeevan Bima
Sahara Sugam-Jeevan Bima allows you to make the investment as per your investment portfolio. Depending on your financial requirements and life goals, you have the freedom to invest as per your risk appetite. Once the lock-in period is over, you also have the option of making partial withdrawals. In the case of financial urgency, this can act like a big advantage.
Insight on Sahara India ULIP Plans
One of the biggest advantages of Sahara India ULIP Plans is that they allow you to make small and affordable investments today, which tomorrow will become a large corpus. With this, you can secure the future of your loved ones and have the confidence that in case of an unfortunate incident, your family would not be in a financial crisis. Along with an increase in the value of your investment, the plans also cover the life of the policyholder, giving you a sense of security. If you are looking for a long-term investment, Sahara India ULIPs are an option worth considering.