Sahara India Life Insurance Company Ltd.- has been granted alicense by the insurance regulator - the IRDA on 6th February 2004. With this approval, Sahara India Life Insurance Company Ltd. becomes the first wholly and purely Indian company, without any foreign collaboration to enter the Indian Life insurance market. The launch is with an initial paid up capital of 157 crores. The Chairman of the company is Shri Subrata Roy Sahara who is also the Chairman of Sahara Pariwar.
Sudden demise because of any accident, unexpected illness and natural calamities happen a lot of time. We know that a bad situation can never come with an invitation and can happen anytime. Thus, it is always a good idea to insure yourself and your family as well. it is true that nothing can replace the pain of losing someone, but a life insurance will be there to make things easier for your family when you are not around.
A life insurance is basically a form of protection that will provide the needful financial coverage to your family in case of your demise or a state where you are not able to take care of them. It is one of the best insurance policies that you will surely think of. A life insurance is a must thing for safety and investment purpose as well.
Your sudden demise, or a situation where you can't earn money, will make the life of your loved ones difficult. It's just as crucial to not forget to provide a financial assistance for the future of your surviving dependents. After all, they should move on without you. Make certain they are covered, too.
Life coverage can help your dependents cover any financial obligations which are left after your demise. Debt can be a serious burden, on the top of the already grieving family members.
In case you increase an extreme contamination, you cannot be able to get a life coverage to the volume you need it's or at all. When you have a terminal infection, life insurance can provide you the financial assistance. This coverage can also be used in case of emergencies by requesting a withdrawal or mortgage.
Life insurance isn't just for people. It is able to defend an enterprise from economic loss, liabilities or instability in the case of the demise of a business proprietor/associate. Whether supplying important short-term cash or keeping operations going till matters settle, life insurance may be beneficial in preserving the commercial enterprise you've labored so hard to build.
You may use life coverage to ensure your retirement savings lasts so long as you do. You invest an amount of cash right into a life insurance product and in return, you get a guaranteed amount of income month after month, for so long as you stay. Life insurance is considered a financial asset, which can assist and help you to get a loan or medical health insurance.
No amount of cash can ever give life to someone. However, more than anything, life insurance can offer protection for the uncertainties in life.
As one of India's first completely owned, non-public life insurance company, Sahara Life Insurance is one of the most dependable insurance companies. Focusing on life insurance products, Sahara life is one of your go-to options for life insurance because of very important elements good claim settlement ratio and grievances resolved. In the year 2014-2015, the organization boasts of a claim settlement ratio of about 90%, making sure to settle the grievances of millions of their clients, making them one of the most friendly and reliable insurance organizations to be related to.
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death. Typical maturities are ten, fifteen or twenty years up to a certain age limit.
'Sahara Shrestha Nivesh-Jeevan Bima' is a without profit single premium endowment plan which secures your family's financial protection at one go, doing away with the obligation of annual payments. It suits the requirements of those with an unpredictable, seasonal or uneven income stream.
It is a without profit single premium endowment plan with the added advantage of life cover up to maturity by having to pay premium only once. It suits those who have dreams and aspirations at specified times like buying a house and giving one's children the best education.
It is a traditional participating endowment plan that not only helps you to plan your financial goals but also realize dreams by providing you with a steady income which gets included to your benefits and life cover for the term of the plan.
In a money back plan, the insured person gets a percentage of sum assured at regular intervals, instead of getting the lump sum amount at the end of the term. It is an endowment plan with the benefit of liquidity.
It is a traditionally 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.
This plan not only provides financial security against unforeseen events but also returns specified percentages of sum assured at regular intervals along with the return of premium at maturity coupled with guaranteed additions depending upon term and sum assured chosen.
It is 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.
ULIP is a life insurance product, which provides risk cover for the policyholder along with investment options to invest in any number of qualified investments such as stocks, bonds or mutual funds.
This unit linked plan is a unique single premium ULIP that provides you to protect gains made through your funds invested in the equity markets from its volatility and risk coverage. All the objectives of buying a life insurance plan are taken care of with a potential of earning higher returns over the term of the policy.
This Unit linked plan is a unique blend of risk coverage. All the objectives of buying a life insurance plan are taken care of with a potential of earning higher returns over the term of the policy.
The unit linked plan enhances the value of the savings over a period of time and offers choices to the customers to choose the investment plan according to their risk profile and investment horizon at various points during the life of the policy.
This product provides the term insurance cover as well the opportunity to avail the benefit of market appreciation on the savings portion of thepremium. As a result of significant savings in expenses in comparison to individual insurance, cost of the group insurance is very minimal.
Last updated on 04-12-2020
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