The State Life Sada Bahar Assurance Plan stands out because it doesn’t make you wait 20 years for a return — it pays cash into your hand every 3 years plus the full sum assured at maturity. In this review we break down eligibility, illustrated cash flows, and who this plan is really designed for.
How the Sada Bahar plan works
You pick a term (12, 15, 18, 21 or 24 years) and pay a level premium. Every 3 years State Life pays you a percentage of the sum assured directly. At maturity you get the full sum assured plus accrued bonuses. If you die during the term, the nominees get the sum assured immediately — regardless of how many payouts have already been taken.
Eligibility
- Entry age: 20 to 60 years
- Term options: 12, 15, 18, 21 or 24 years
- Minimum annual premium: Rs 18,000
- Minimum sum assured: Rs 100,000
Illustrated cash flow (Rs 1,000,000 SA, 18-year term)
| End of Year | Cash Payout | Cumulative |
|---|---|---|
| 3 | Rs 150,000 | Rs 150,000 |
| 6 | Rs 150,000 | Rs 300,000 |
| 9 | Rs 150,000 | Rs 450,000 |
| 12 | Rs 150,000 | Rs 600,000 |
| 15 | Rs 150,000 | Rs 750,000 |
| 18 (maturity) | Rs 250,000 + bonuses ≈ Rs 1,200,000 | Rs 2,200,000+ |
Who is Sada Bahar for?
- Business owners with lumpy cash needs every 2–3 years (school fees, Hajj, weddings).
- Freelancers who want a semi-liquid savings vehicle without touching a bank FD.
- Parents planning phased education milestones.
Sada Bahar vs. Shad Abad
| Feature | Sada Bahar | Shad Abad |
|---|---|---|
| Cash payouts during term | ✅ every 3 years | ❌ |
| Maturity multiplier | ~2.2× | ~2.15× |
| Death cover during term | Full SA | Full SA |
| Best for | Milestone spenders | Long-term savers |
Frequently asked questions
Are the 3-yearly payouts taxable?
No, they are treated as return of capital and are not taxable in the hands of the policyholder.
Can I skip a payout and let it compound?
Yes — you can request State Life to retain the payout with a small interest addition, then receive it lump sum at maturity.
Is Sada Bahar available as a Window Takaful?
Yes — State Life offers a Shariah-compliant version through its Window Takaful Operation.
See what your Sada Bahar cashflow could look like — calculate your premium or talk to an advisor.