Sahara India Life Insurance Assign 1

Sahara India Life Insurance
Overview
Sahara India Life Insurance Company Ltd (SILCL) is the first totally Indian owned life insurer in the
private sector. SILCL started its operations on October 30, 2004 after receiving its license from February
6, 2004. The organization launched its business with a paid up capital amounting to INR 157 crores.
Sahara India Life Insurance enjoys a pan Indian presence. It operates with a team of committed and
properly trained professionals who focus specially on the rural areas as well as the regions with less than
the ideal amount of economic progress.
The organization offers a competitive group of products that are capable of catering to the requirements of
various economic and age based client groups. The customer support and services set-up of the insurer is
quick and provides a proper standard of services.
The officials at Sahara Life Insurance are trained in the nuances of actuarial VIP software systems as well
as other important areas such as product pricing and development by Watson Wyatt Consulting Private
Limited, one of the leading names in this industry.
At present Munich RE Insurance and Gen Re operate as the reinsurance partners of the organization. It is a
part of the Sahara India Pariwar, which is among the leading business houses in the country with interests
in diverse businesses such as finance, consumer merchandise retail venture, infrastructure and housing,
manufacturing, media and entertainment, and information technology.
Sahara India Life Insurance Products and Services
The insurance plans offered by SILCL may be enumerated as below:
Endowment
• Sahara Nivesh - Jeevan Bima
• Sahara Sahyog
• Sahara Vatsalya-Jeevan Bima
• Sahara Umang
• Sahara Nidhi
Money Back
• Sahara Samriddhi
• Sahara Sampann
Unit Link
• Sahara Sanchit - Jeevan Bima
• Sahara Shikhar - Jeevan Bima
• Sahara Utkarsh - Jeevan Bima

• Sahara Sugam - Jeevan Bima
Group Insurance
• Sahara Jamakarta Samooh Bima
• Sahara Jan Kalyan
• Sahara Samooh Suraksha
Riders
• Sahara Critical Illness Rider
Pension
• Sahara Amar Jeevan
• Sahara Swabhimaan
Children
• Sahara Ankur
Term Assurance
• Sahara Kavach
 In addition to the above mentioned products, Sahara Life Insurance offers accidental benefit
riders. Sahara Kavach can be described as a proper term policy that pays a substantial amount of
risk cover in exchange for a small premium. The family is secured when the policyholder passes
away.
 Sahara Samriddhi is a money back plan where the funds are provided back to the holder at
definite times so that he or she can satisfy the various financial requirements at different points in
his or her life.
 In case of Sahara Sampann, the policyholder receives an additional benefit after a 5 year period
whereby his or her risk cover is increased. This plan also offers tax exemptions and safety returns.
 With Sahara Nidhi, the policyholders are able to save sufficient funds that can be used in the
future for investment purposes or repaying loans. With Sahara Umang, the policyholders can be
sure of being provided fiscal protection in case of death as long as the plan is in operation. In case
the policyholder is alive when the policy ends he or she is paid a lump sum.
 The Sahara Umang plan is for proposers with sufficient funds for investment but a greater need to
protect the family. Sahara Ankur is primarily a child plan that is unit linked and invests in
different funds to provide the policyholder good value for his or her money. The policyholders can
themselves choose where they would want to put their money based on their risk profile.
 Sahara Utkarsh is a unit linked plan as well but includes risk coverage facilities too. The plan
covers all the basic requirements of a life insurance policy and enables the customers to earn more
as and when the policy becomes older.
 With Sahara Shikhar, the insured can see the worth of their savings going up over a specified
period of time - they can also choose their investment plans as per their risk profile and investment
aims and policies. The choices are allowed to vary at different points in the policy's term period.
 Sahara Sugam, a unit linked plan, offers an unprecedented combination of returns that are linked
to the market as well as coverage against risks. Sahara Amar Jeevan is a pension plan that follows
the principle of deferred annuity. It enables the policyholder to save smaller sums that can be used
for meeting requirements later on in life.

Sahara India Life Insurance Assign 1

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Sahara India Life Insurance Assign 1

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Sahara India Life Insurance

Sahara India Life Insurance Products and Services

The insurance plans offered by SILCL may be enumerated as below:

• Sahara Nivesh - Jeevan Bima

• Sahara Vatsalya-Jeevan Bima

• Sahara Sanchit - Jeevan Bima

• Sahara Shikhar - Jeevan Bima

• Sahara Utkarsh - Jeevan Bima

• Sahara Jamakarta Samooh Bima

• Sahara Jan Kalyan

• Sahara Samooh Suraksha

• Sahara Critical Illness Rider

• Sahara Amar Jeevan

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