Sahara Life Insurance offers policies from flat pay to growth plans and covers a variety of events such as accidents, illness, and disability. Moreover, the company is able to offer its policyholders the best rates in the industry at that time because of its huge savings.
It’s hard to say what job could go wrong for you. However, Sahara Life Insurance has been involved in some pretty epic life-changing situations.
Sahara life insurance is one of the UK’s best providers and offers a wide range of policies. They offers options for all types of lifestyles.
Sahara Life Insurance offers a wide range of life insurance policies. From flat-pay to progressive, Sahara has something for everyone!
What is Sahara life Insurance and how does it work?
To understand the basics of Sahara Life Insurance, you must first look at what life insurance is.
Life insurance is a type of investment that helps protect your dependents in case anything happens to you. Simply put, if you are unable to support your family and they require financial assistance due to any reason, life insurance will provide them with the money needed. It could be due to illness, an accident or even a natural disaster.
What is Sahara life insurance?
Sahara Life Insurance is life insurance that is provided by Sahara India Pariwar. It is an established brand that has been in business for 25 years, and has already made a name for itself through their wide variety of products and services. You can purchase sahara life insurance from any Sahara customer care point, or from their website
How does it work?
Sahara Life Insurance works very similar to any other type of life insurance. You will have to choose a policy. Then pay a premium in order to be covered for life. However, there are many factors that affect the price of your policy.
- Age – The older you are, the more expensive your policy will be!
- Gender – Being male or female has no impact on the price of your policy!
- Family Status – If any of your dependents are minors, you will have to pay a higher annual premium.
- Income – If your income is high, the cost of your policy will also be higher.
- Health Status – No matter what your health status is, life insurance premiums will still be in line with the health reports you provide. The only difference is that if you have any pre-existing health conditions, you will have to pay more.
- Type of Policy – The cost of your policy will depend on the type of life insurance you choose.
The combined experience of Sahara Life Insurance and Sahara Parivar makes it one of the most trustworthy financial institutions in the country.
Interesting facts about Sahara India Life Insurance Company:
- Sahara India Life Insurance Company was founded in 1992 by the Sahara India Pariwar.
- It is a joint venture of the Sahara India Pariwar and the ICICI life insurance company.
- Sahara is one of the largest foreign direct investments in India.
Sahara Life Insurance offers different types of policies to suit your needs:
- Growth plan
- Comprehensive plan
- Retirement plan
- Health plan
- Annuity plan
Benefits you can enjoy with Sahara life Insurance:
Sahara life insurance provides you with a range of life cover options that can help you protect your family from any unfortunate event like illness, accident or even a natural disaster.
Critical illness cover
If you are faced with an unfortunate situation that requires hospitalisation. Then critical illness cover can help your family get the care and treatment needed in case anything happens to you.
Terminal illness cover
Terminal illness cover is similar to critical illness cover. However, in case of terminal illness, the policyholder continues to receive the benefit as long as he or she is alive.
If you die due to an accident, accident cover will pay out a sum of money to your family to provide them with the financial support they need.
Total and permanent disability (TPD) cover
TPD cover provides you with financial assistance should you become disabled and unable to return to your job or medium of living.
Permanent health insurance
Permanent health insurance offers a complete protection against chronic diseases. It covers the expenses related to chronic illnesses like heart ailment, cancer, kidney ailment and liver ailments etc.
Accidental death benefit
The accidental death benefit is available in case of death due to accident or through any unnatural cause.
The miscellaneous cover provides you with a sum of money to meet your unplanned expenses like funeral expenses, security maintenance, interruption in work or retirement.
Universal Life Insurance (ULI)
Universal life insurance covers you for the unexpected event that occurs even if the period or date of death is unknown to you.
Sahara Life Insurance also has a pension plan that is designed to help you prepare for a comfortable retirement.
Life insurance is a benefit policy that pays out a sum of money to the beneficiaries in the event of death of an individual. Sahara life insurance provides you with a unique opportunity to plan your finances, safeguarding your family’s future…and yours too!
Sahara Offer A Wide Range Of Policies: From Flat Pay to Growth Plans
With just a simple application, you can get a policy that suits your needs and lifestyle – from flat pay to growth plans.
Flat Pay Plans
Sahara Life offers a flat pay plan with built-in death benefit (i.e. personal accident cover) and guaranteed lock-in period. This plan is ideal for those who want to start saving with a single flat-pay instalment.
Sahara offers a range of Growth plans, with several features that will be discussed below.
These plans can be customized according to the requirements of the individual. In case of death claims, the amount is based on the policy value than their policy value at the time of death.
– Standard Plans
Standard Life offers a range of standard plans that provide income protection in the event of death. Popularly called “Cash Value Life Insurance” (CVLI) plans. These policies can be bought as a standalone product or can be combined with other products that they offer.
– Infinity Plans
Infinity plans are offered by Infinity Life Insurance Co., Ltd (FLI). The plan is very similar to the Sahara Standard plan.
– Cash Value Plans
These plans offer more than just death benefits. They offer cash value payout on death of the policy holder, often called “Cash Back”. The cash back covers a variety of expenses like tuition fees for children, medical expenses and costs related to terminal illnesses etc.
– Young Professionals Plan
These plans are meant for young professionals. Who can’t afford large sums of money in their initial years. They offer an amount of Rs.10 lakhs on completion of 10 years or less in a secure policy period.
– Regressive Plans
Regressive plans offer benefits that are designed to cater to very low income earners. Therefore, these plans provide benefits based on the net monthly income at the time of death.
– Terminal Illness Cover
Terminal illness cover is offered by many insurance companies in India. But Sahara Life Insurance has one of the most comprehensive policies for terminal illness cover. It provides a lump sum of Rs.2.25 lakhs in the event of death due to terminal illnesses such as cancer, heart problems and so on.
– Other Plans
Sahara Life Insurance also offers many other life insurance plans, including specific plans for real estate agents, police officers, teachers and many more!