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Sahara India Life Insurance
Sahara India Life Insurance
Sahara India ventured into the life insurance domain in 2004 and became the first wholly-owned Indian brand to be ...Read More
What you get with Sahara India Life Insurance
The headline features and policy mechanics, at a glance.
Annual Premium 61.44 Cr
Affordable premium options starting from entry-level to comprehensive whole-life protection.
97.08% claim settlement ratio
Industry-leading approval rate on eligible life insurance claims in the most recent fiscal year.
8.8x solvency ratio
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
1+ optional riders
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
80+ pan-India presence
Branch offices and claim service centres across India for easy policy servicing.
Sahara India Life Insurance: Overview
Sahara India ventured into the life insurance domain in 2004 and became the first wholly-owned Indian brand to operate in this sector without any foreign collaboration. To meet the life insurance requirements of every individual, Sahara India Life Insurance offers a wide range of Endowment plans, Money-Back plans, Annuity-based plans, Unit-Link plans, and Group Insurance plans. These plans can help meet the financial needs of different age groups and people belonging to different income segments. Apart from the above, Sahara India also offers add-on plans such as Accident Benefit and Critical Illness Riders.
Features of Sahara India Life Insurance
Claim Settlement Ratio: It helps you analyze if the insurer can be relied upon if any misfortune may befall you or your family. According to the annual report for FY 2022-23 published by the IRDAI, the CSR of Sahara Life stands at 97.08%. We have further prepared a chart to demonstrate the CSR of Sahara Life over the years.
Solvency Ratio: The Solvency Ratio indicates if the insurer has the capital means to fulfill its debt obligations and other financial liabilities. It has been mandated by the IRDAI to maintain a solvency ratio of 1.5 or above for every life insurer in the country. As of FY 2022-23, Sahara Life's solvency ratio has been reported to be 8.8.
Annual Premiums: Annual premium income indicates the earnings generated by a life insurer from the premiums paid by new and existing policyholders. As of FY 2022-23, the company reported an annual premium of Rs. 44.19 Crores as stated in the IRDAI's annual report.
Operating Network: The company's reach extends to 51 cities across India. Further, over 80 business service centers have been established by the company all over the nation to facilitate access to its product offerings.
Waiting Periods in Sahara Life Insurance Plans
Life insurance policies generally do not have waiting periods for death benefits, except for specific clauses. For instance, a suicide clause typically states that if the policyholder commits suicide within the first 12 months of policy inception, the death benefit will not be paid, and only the premiums paid or surrender value (whichever is higher) will be returned to the nominee.
Riders You Can Avail With Sahara India Life Insurance Plans
Enhance your life plan with optional add-on riders for broader protection.
Sahara Life Accidental Death Benefit Rider
This rider provides coverage against the policyholder's death due to an accident.
Documents required
For policy purchase and claim submission. Have these ready before you start.
Photo ID Proof
Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.
Age Proof
Age Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.
Address Proof
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records
Medical Records of the policyholder if requested.
Income Proof
Income Proof (either of one) - bank statement, last three months' salary slips (if you are salaried).
How to Buy a Sahara India Life Insurance Plan?
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
- Visit the PolicyX.com website or the Sahara India Life Insurance official website to compare and choose a suitable life plan.
- Enter your personal details such as name, date of birth, gender, annual income, and smoking status to get a customised quote.
- Compare plan options — choose your sum assured, policy term, premium payment term, and any optional riders.
- Fill in the proposal form with your contact details, nominee information, and medical history accurately.
- Upload the required documents: identity proof, address proof, income proof, and recent photographs.
- Pay the first premium online via net banking, UPI, debit/credit card, or cheque.
- Complete the medical examination if required (depends on your age and sum assured).
- Receive your policy document via email and registered post after underwriting approval.
How to File Sahara Life Insurance Claims?
Every claimant/nominee is assigned a dedicated Claims Relationship Officer who helps through the entire process. The life insurance claim settlement process at Sahara Life Insurance involves the following three steps:
Online Process
1. Claim Intimation
Inform the company about the incident via various channels: by writing an email to Sahara Life at [email protected], calling the toll-free number (1800-103-7766), filling out the online claim form on its website, or visiting the nearest branch. A claim reference number/intimation number will be provided to you upon successful registration of the claim.
2. Document Submission
You have to submit the necessary documents requested by the insurer to process the claim.
In case of natural death: death claim form, death certificate, original policy documents, claimant's identity & residence proof, medical records, and account details of the nominee.
In case of an accidental death: The same documents with two additional ones: FIR and post-mortem report.
3. Claim Settlement
After receiving all the documents and claim forms, the insurer will verify the details as per their norms. If they require any additional details, they will contact you via call or email. On successful completion, the claim will be settled and the amount will be transferred to the nominee's bank account, and the same will be communicated to him/her over a call or an email.
Offline Process
Sahara Life Insurance claim settlement procedure can be reported by visiting the local Sahara Life Branch Office. For the details of Sahara Life Insurance branches, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.
- Log in to the Sahara India Life Insurance customer portal or the PolicyX.com dashboard before your policy renewal date.
- Review your existing policy details — coverage, premium amount, and nominee information.
- Choose to continue with the same plan or upgrade your sum assured if eligible.
- Pay the renewal premium online via net banking, UPI, debit/credit card, or cheque.
- Download the renewed policy document from your registered email or the insurer portal.
Here's how to calculate premiums on Sahara India Life Insurance Company's official website:
What's covered — and what's not
The standard inclusions and exclusions across Sahara India Life Insurance plans. Specific plans may add benefits — always check the policy wording before purchase.
✗ Exclusions
- Death due to pandemics such as COVID-19 or Ebola will not be covered by the company.
- Death due to indulging in any type of adventure sports.
- Death due to consumption of any type of drugs and alcohol.
- Death due to any pre-existing disease that was not mentioned during the start of the policy.
- If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death benefit. They receive only the premiums paid up to the date of the incident or the policy's surrender value, whichever is greater.
Conclusion
Sahara India Life Insurance is a reputable provider in the Indian life insurance market, offering a diverse range of products that cater to different customer needs, including term insurance, endowment plans, ULIPs (Unit Linked Insurance Plans), and retirement plans. You can contact PolicyX.com at the toll-free number 1800-4200-269 or email us at [email protected].
Why Choose PolicyX.com?
Don't just take our word for it — check out what our happy customers say about us!
All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.
Ravindra SinghI highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.
Priti VarshneyI'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.
Nisha MaryI bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.
Ajay ShahPolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.
Vijay RathodI purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.
Uma MahajanFrequently asked questions
The 11 most-asked questions about Sahara India Life Insurance, answered.
Customer satisfaction
Aggregate ratings from 919 verified PolicyX customers who bought a Sahara India Life Insurance plan.
Life Insurance Articles
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PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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