Sahara Umang

Recommendations :No

Name of the policy :
Sahara Umang

A brief desciption :

Sahara Umang is a traditional endowment plan providing insurance cover with guaranteed cash backs provided at periodic intervals. It pays double the sum assured partly as lumpsum and partly periodically. Although the shceme seems interesting investors can probably earn better returns by periodically investing in bank fixed deposits for a five-year time period. To ensure an appropriate life cover for the dependants, invest in a suitable term-plan instead.

Started date :11/25/2009
Type of policy :Insurance cum Investment
Category :Traditional-Endowment Money Back Plan
Insurance :Min- 1 lakh Max- No limit
Returns expected :Less than Fixed Deposit
Entry age :14-60 Years
Surrender :Guaranteed Surrender Value = 30% of all premiums paid - 1st year's premium

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