Sahara India Life Insurance
  • Life cover till 99 years
  • Flexible premium payment modes
  • 24*7 customer assistance
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Buy Policy in just 2 mins

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Sahara India Life Insurance: Overview

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. To meet the life insurance requirements of every individual, 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. Apart from the above segment, Sahara India offers add-on plans such as Accident Benefit and Critical Illness Riders.

Sahara India Life Insurance ensures to look after your insurance needs by offering:

why-choose

  • Claim Settlement Ratio

  • Solvency Ratio

  • Annual Premium

  • Operating Network

 

Key highlights of Sahara India Life Insurance

To get more insight into Sahara India Life Insurance Company's performance, take a look at the below key highlights that will help you to analyze the company based on its performance:

Solvency Ratio

Sahara India Life Insurance has a Solvency Ratio of 8.8 as per the IRDAI annual report 2022-23. The solvency ratio helps the prospective policyholder assess the ability of a company to meet its financial obligations. As of now, IRDAI mandates maintaining a solvency ratio of 1.50 for every insurer.

Features of Sahara India Life Insurance

There are various features to the Sahara India Life Insurance Life Insurance Plans. Let's understand each of them in detail:

  • 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 up 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.

Benefits of Sahara Life Insurance Plans

There are multiple benefits of Sahara Life Insurance Plans. Read below to understand the plethora of advantages provided by the insurer.

Death benefit

upon the unfortunate demise of the life insured during the policy term, Sahara India Life Insurance pays the death benefit upon the highest of the following: 1. 10 times of annual premium, Guaranteed death benefit, 105% of total premium paid.

Maturity benefit

Once the life insured survives the whole policy tenure, Sahara India Life Insurance pays the guaranteed maturity benefit to the nominee.

Tax benefit

All the premiums paid for Sahara India Life Insurance are subject to tax exemptions under The Income Tax Act.

Secure and Authentic

Sahara Life Insurance Plans company is among the most trusted insurance companies in India. This ensures clients peace of mind and provides them with confidence regarding maximum security for your funds.

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Documents Required to Purchase Sahara India Life Insurance Policy

Here is the list of documents required to buy Sahara India Life Insurance Plans:

  • Regular Smoking
    Photo ID Proof
  • Your Occupation
    Age Proof
  • Pre-Existing Diseases
    Address Proof
  • Your Age
    Medical Records
  • Your Gender
    Income Proof
Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy Sahara India Life Insurance Plans?

Sahara India Life Insurance allows you to buy life insurance plans via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying processes.

Life Insurance
  • Step 1

    Fill out the form given at the top of this page with the necessary details.

  • Step 2

    Select your income and city. Click on 'Proceed'.

  • Step 3

    Update your education and occupation details.

  • Step 4

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 5

    Select the policy term, premium period, and riders (if required), and then proceed to make the payment. Once the payment is made, you will get a payment confirmation at your registered email address.

Life Insurance
  • Step 1

    Visit the Sahara India Life Insurance Company's official website and scroll down to the end of the page.

  • Step 2

    Click on the 'Buy Online' tab under Popular Links.

  • Step 3

    Click on the tab 'Know More'.

  • Step 4

    Click on the tab 'Calculate' at the top right corner of the page.

  • Step 5

    Fill in the required details, and click on the tab 'Calculate'. Once the payment is made, you will get a payment confirmation at your registered email address.

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 Singh

I 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 varshney

I'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 Mary

I 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 Shah

PolicyX 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 Rathod

I 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 Mahajan

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

Your Occupation
1

Claim Intimation

Inform the company about the incident via various channels-either by writing an email to Sahara Life at claims@Saharalife.com, 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.

Your Occupation
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.

Your Occupation
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.

Your Occupation

Exclusions of Sahara India Life Insurance Plans

  • Death occurred due to pandemic such as covid-19 or ebola will not 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 isn't 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 just the premiums paid up to the date of the incident or the policy's surrender value, whichever is greater.If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death payments. They receive just 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 you can contact PolicyX.com at the toll-free number 1800-4200-269 or email us at helpdesk@policyx.com.

Life Insurance

More Queries?

If you have any more queries regarding Sahara India Life Insurance Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

Explore more about Sahara India Life Insurance

Sahara India Life Insurance Policy Status

Sahara India Life Insurance Policy Status

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 www.saharalife.com Click on the ’Send me an Advisor’ section. Fill in the requested details and the company will get back to you.

5. How can I check my Sahara Life Insurance Premium online?

You can easily check your Sahara Life Insuance Premium by using the online premium calculator tool offered by Sahara Life Insueance company. To calculate, you need to provide certain details like the term of your chosen plan, your age and the amount of sum assured. Based on this, the tool will calculate the premium amount which you will be paying towards your insurance cover.

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.

9. I am 22 year old man, and have just started to work. Can I buy any of the Sahar Life Insurance plans?

Yes you can. The minimum age required for applying for a life insurance policy offered by Sahara india life insurance company limited is 18 years.

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Himanshu Kumar

Written By: Naval Goel

Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.

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