The Sahara Pariwar’s Latest foray is in the Life Insurance then the company is called as Sahara India Life Insurance Company Limited. The company got licensed by the Insurance Regulated, the IRDAI on 6th February 2004. Since from the starting year of the company to till date live and withdrawn Sahara India Life Insurance Products are provided in this article.
Sahara India Life Insurance Company Limited becomes the first life insurance company in India, which the shares are purely and wholly hold by the Indian Private company without entering in to any foreign collaboration to enter in to the Life Insurance Market. The company has launched with a paid capital of 157 crores.
Products of Sahara India Life Insurance
| Financial Year | Name of the Product | Product UIN | In operation | Remarks, if any, by IRDA | |
| From (opening date*) | To (closing date) | ||||
| 2004-05 | Sahara Sanjeevani | 127N004V01 | 11-Aug-04 | Live | |
| 2013-14 | Sahara Samooh Suraksha | 127N008V02 | 25-Jul-13 | Live | |
| 2013-14 | Sahara Subh Nivesh Jeevan Bima | 127N028V01 | 31-Oct-13 | Live | |
| 2013-14 | Sahara Dhan Sachay Jeevan Bima | 127N029V01 | 31-Oct-13 | Live | |
| 2013-14 | Sahara Dhanvarsha Jeevan Bima | 127N030V01 | 27-Nov-13 | Live | |
| 2013-14 | Sahara Secure Jeevan Bima | 127N031V01 | 28-Feb-14 | Live | |
| 2013-14 | Sahara Surakshit Pariwar Jeevan Bima | 127N032V01 | 14-Mar-14 | Live | |
| 2013-14 | Sahara Shrestha Nivesh Jeevan Bima | 127N033V01 | 1-May-14 | Live | |
| 2014-15 | Sahara Dhanavriddhi Jeevan Bima | 127N034V01 | 30-Jul-14 | Live | |
| 2014-15 | Sahara Pay back - Jeevan Bima | 127N035V01 | 18-Feb-15 | Live | |
| 2004-05 | Sahara Nidhi | 127N001V01 | 3-Aug-04 | 1-Jan-14 | Withdrawn |
| 2004-05 | Sahara Sampann | 127N002V01 | 11-Aug-04 | 1-Jan-14 | Withdrawn |
| 2004-05 | Sahara Amar Jeevan | 127N003V01 | 11-Aug-04 | 1-Jan-12 | Withdrawn |
| 2004-05 | Sahara Nischint Bhavishya | 127N005V01 | 24-Aug-04 | 11-Jun-05 | Withdrawn |
| 2004-05 | Sahara Jan Kalyan | 127N006V01 | 2-Mar-05 | 1-Jan-14 | Withdrawn |
| 2005-06 | Sahara Sanchay | 127L007V01 | 19-Jul-05 | 1-Jul-06 | Withdrawn |
| 2005-06 | Sahara Samooh Suraksha | 127N008V01 | 7-Oct-05 | 31-Jul-13 | Withdrawn |
| 2005-06 | Sahara Kavach | 127N009V01 | 2-Jan-06 | 1-Jan-14 | Withdrawn |
| 2006-07 | Sahara Sahayog (Micro Endowment Insurance without profit plan) | 127N010V01 | 21-Apr-06 | 1-Jan-14 | Withdrawn |
| 2006-07 | Sahara Ankur | 127L011V01 | 31-May-06 | 31-Dec-09 | Withdrawn |
| 2009-10 | Sahara Ankur | 127L011V02 | 15-Dec-09 | 31-Aug-10 | Withdrawn |
| 2006-07 | Sahara Sanchay - R | 127L012V01 | 3-Jul-06 | 31-Dec-09 | Withdrawn |
| 2009-10 | Sahara Sanchay - R | 127L012V02 | 2-Dec-09 | 31-Aug-10 | Withdrawn |
| 2006-07 | Sahara Samriddhi | 127N013V01 | 9-Nov-06 | 1-Jan-14 | Withdrawn |
| 2006-07 | Sahara Swabhimaan | 127L014V01 | 12-Mar-07 | 31-Dec-09 | Withdrawn |
| 2006-08 | Sahara Swabhimaan | 127L014V02 | 3-Dec-09 | 31-Aug-10 | Withdrawn |
| 2007-08 | Sahara Samooh Samyojna | 127L015V01 | 7-May-07 | 31-Aug-10 | Withdrawn |
| 2007-08 | Sahara Jamakarta Samooh Bima | 127N016V01 | 23-Nov-07 | 31-Jul-13 | Withdrawn |
| 2013-14 | Sahara Jamakarta Samooh Bima | 127N016V02 | 25-Jul-13 | 22-Jul-15 | Withdrawn |
| 2008-09 | Sahara Samarth | 127L017V01 | 17-Oct-08 | 31-Dec-09 | Withdrawn |
| 2008-09 | Sahara Samarth | 127L017V02 | 12-Dec-09 | 31-Aug-10 | Withdrawn |
| 2008-09 | Sahara Vishesh | 127L018V01 | 4-Mar-09 | 31-Dec-09 | Withdrawn |
| 2009-10 | Sahara Vishesh | 127L018V02 | 18-Nov-09 | 31-Aug-10 | Withdrawn |
| 2009-10 | Sahara Umang | 127N019V01 | 25-Nov-09 | 1-Jan-14 | Withdrawn |
| 2009-10 | Sahara Sanmanvay | 127L020V01 | 30-Mar-10 | 31-Aug-10 | Withdrawn |
| 2011-12 | Sahara Vatsalya Jeevan Bima | 127N025V01 | 28-Feb-12 | 1-Jan-14 | Withdrawn |
| 2011-12 | Sahara Nivesh - Jeevan Bima | 127N026V01 | 20-Mar-12 | 1-Jan-14 | Withdrawn |
| 2012-13 | Sahara Dhanavrishti -Jeevam Bima | 127N027V01 | 31-Dec-12 | 1-Jan-14 | Withdrawn |
New ULIPs to be offered for sale w.e.f 01.09.2010
| Financial Year | Name of the Product | Product UIN | In operation | Remarks, if any, by IRDA | |
| From (opening date*) | To (closing date) | ||||
| 2010-11 | Sahara Utkarsh jeevan Bima | 127L022V01 | 31-Aug-10 | Live | |
| 2010-11 | Sahara Sugam Jeevan Bima | 127L023V01 | 2-Nov-10 | Live | |
| 2010-11 | Sahara Sanchit Jeevan Bima | 127L024V01 | 9-Dec-10 | Live | |
| 2010-11 | Sahara Shikhar Jeevan Bima | 127L021V01 | 31-Aug-10 | 1-Jan-14 | Withdrawn |
Riders
Rider is an add-on that one can opt along with basic life insurance policy to increase life coverage or sum assured in various incidents of a life. Insured can claim only rider sum assured on the occurrence of the event without affecting the basic sum assured of the policy. Some of the riders offered by Sahara India Life Insurance is listed below.
| Financial Year | Name of the Rider | Rider UIN | In operation | Remarks, if any, by IRDA | |
| From (opening date*) | To (closing date) | ||||
| 2014-15 | Sahara Accidental Death Bebefit Rider | 127B005V01 | 18-Feb-15 | Live | |
| 2004-05 | Sahara Accidental Death Benefit and Accidental Total and Permanent Disability Benefit Rider | 127B001V01 | 3-Aug-04 | 1-Jan-14 | Withdrawn |
| 2005-06 | Sahara Critical Illness Rider | 127B002V01 | 24-May-05 | 1-Jan-14 | Withdrawn |
| 2005-06 | Sahara Premium Waiver Benefit Rider for Unit Linked Plan | 127A003V01 | 31-May-06 | 1-Jan-14 | Withdrawn |
| 2006-07 | Sahara Accidental Death Benefit and Accidental Total and Permanent Disability Benefit Rider (for unit linked plans) | 127A004V01 | 5-Jul-06 | 1-Jan-14 | Withdrawn |
Source: IRDAI
To know more details about the product of Sahara Life in this link www.saharalife.com
You can also read about Sahara India Life Insurance Company details in the following link SAHARA INDIA LIFE
