Sahara India Life Insurance
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Sahara Life Insurance

Sahara India ventured into the life insurance domain in 2004 and became the first wholly-owned Indian brand to be operating in this sector without any foreign collaboration.

Sahara 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.

Key Features

A decision as serious as investing in life insurance should be given considerable thought. Given that a standard life cover continues for a minimum of 30 years, it is prudent to equip yourself with as much information about the company as possible. While there can be several parameters to judge an insurance provider, there are a few that you cannot overlook. These important parameters are - annual premium income, claim settlement ratio, solvency ratio and the distribution network of the companies.

Experts at have carefully examined these factors for the life insurance companies currently operating in India. For your benefit, we have detailed how Sahara Life Insurance Company has fared in each of these aspects in the next sections.

Highlights of Sahara Life Insurance Company

Annual Premium IncomeRs. 1 Lakh
Claim Settlement Ratio89.45%
Solvency ratio8.32
No. of Offices51

1 Annual Premium Income

Annual premium income indicates the earnings generated by a life insurer from the premiums paid by new and existing policyholders. As of FY 2019-20, the company reported an annual premium income of Rs. 1 Lakh, as stated in the IRDAI's annual report.

2 Claim Settlement Ratio

While looking for insurance avenues, policyholders are advised to be very thorough with their research. Claim settlement ratio should ideally be at the top of the checklist when filtering through insurance providers. It essentially tells you if the insurer can be relied upon in the event that any misfortune may befall you or your family.

According to the annual report for FY 2019-20 published by the IRDAI, the CSR of Sahara Life stands at 89.45%. We have further prepared a chart to demonstrate the CSR of Sahara Life over the years.

Year-wise Trend in Sahara Life's Claim Settlement Ratio

Year-wise Trend in Sahara Life's Claim Settlement Ratio

***Data from IRDAI Annual Report

We have further presented CSRs of Sahara Life and other insurance companies for more clarity. You can refer to the chart below for the same.

Life Insurers with the Highest Claim Settlement Ratio

Life Insurers with the Highest Claim Settlement Ratio

***Data from IRDAI Annual Report

3 Solvency Ratio

A key determining factor of the financial soundness of an insurance provider is the solvency ratio. The ratio indicates if the insurer has the capital means to fulfil its debt obligations and other financial liabilities. It has been mandated by the IRDAI to maintain a solvency ratio of 1.5 or up for every life insurer to function in the country. As of FY 2019-20, Sahara Life's solvency ratio has been reported to be 8.32.

4 Distribution Network

The company's reach extends to 51 cities across India. Further, over 80+ business service centres have been established by the company all over the nation to facilitate access to its product offerings.

Product Range of Sahara Life Insurance Company

Sahara Life Insurance products are varied and serve different life insurance needs of people. The list of life insurance policies offered by Sahara Life is indicated in the list below.

Product CategoryNames of Plans
EndowmentSahara Shrestha Nivesh-Jeevan Bima
Sahara Shubh Nivesh-Jeevan Bima
Sahara Dhan Sanchay Jeevan Bima
MoneybackSahara Pay Back Jeevan Bima
Sahara Dhanviddhi-Jeevan Bima
Sahara Dhanvarsha Jeevan Bima
Unit-LinkedSahara Sanchit Jeevan Bima
Sahara Utkarsh Jeevan Bima
Sahara Sugam Jeevan Bima
AnnuitySahara Sanjeevani
Group InsuranceSahara Smooth Suraksha

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Claim Process

To file a claim at Sahara Life, please call on their toll-free number at 1800-180-9000. Once you get in touch with their customer service agent, (s)he will guide you towards a hassle-free claim settlement. Alternatively, you can visit the nearest branch of Sahara Life Insurance to intimate the company about the claim. If in case you are not happy with the service offered, you could write to them at

Further, you have the option to send a mail to Grievance Redressal Officer, Sahara India Life Insurance Co. Ltd, Sahara India Centre, 2, Kapoorthala Complex, Lucknow - 226024 or email at

How To Contact Sahara Life?

Corporate Office: Sahara India Centre, 2, Kapoorthala Complex, Lucknow-226024.

Toll-Free No: 1800-180-9000

Telephone: 0522-2337777

Fax: 0522-2332683


Sahara India Life Insurance: FAQs

1. How can I check my policy status?

Policy status at Sahara Life can be checked by contacting the customer support team at 1800-180-9000. You need to keep your policy details handy for the customer support executive to resolve your queries.

2. Can the premiums be paid in instalments?

Sahara Life allows you to pay your premiums monthly, quarterly, half-yearly and annually.

3. Does the company offer rebates on premiums?

Yes, policyholders can avail of premium discounts of 3% and 1.5% for payments made on a yearly and half-yearly basis, respectively.

4. How can I get myself an advisor at Sahara Life?

  • Visit the official website of Sahara India Life at
  • Click on the 'Send me an Advisor' section.
  • Fill in the requested details and the company will get back to you.

5. What is the claim settlement ratio of Sahara Life?

In FY 2019-20, the company has reported a solvency ratio of 89.45%. For details on the previous years' numbers, check out the section on 'Claim Settlement Ratio' above.

6. How I can pay the premium of the policy offered by Sahara India Life Insurance? What are the payment modes offered by Sahara India Insurance?

Sahara India Life Insurance offers the following premium payment modes:

  • Cheque/Cash at the Nearest Branch
  • ECS
  • Debit Card
  • Credit Card
  • Net Banking

7. What is the policy renewal process offered by Sahara insurance?

To renew the policy, you can visit the nearest branch of Sahara India Life Insurance Company Limited during working hours.

8. What are the documents I need to buy life insurance from Sahara India Life Insurance Company Limited?

You need to submit the following documents to buy the life insurance at Sahara Insurance:

  • Identity proof
  • Age proof
  • Address Proof
  • Income Proof
  • PAN No.

Find Out What Customers Are Saying

(Showing latest 5 reviews only)

- 4/5 (1 Total Rating)

November 17, 2021

Mayank Sinha


Excellent company with good work team. I am happy to buy this company plan very much. Well done guys for your hardwork.

Last updated on March, 2022

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