In this paper, an attempt has been made to explore a new delayed epidemiological model assuming that the disease is transmitted among the susceptible population and possessing nonlinear incidence function along with a saturated treatment rate. Due attention is paid to the positivity and boundedness of the solutions and the bifurcation of the dynamical system as well. Basic reproduction number is being calculated, and considering the latent period as a bifurcation parameter, it has been examined that a Hopf-bifurcation occurs near the endemic equilibrium point while the parameter attains critical values. We have also discussed the stability and direction of Hopf-bifurcation near the endemic equilibrium point, the global stability analysis and the optimal control theory. We conclude that the system reveals chaotic dynamics through a specific time-delay value. Numerical simulations are being performed in order to explain the accuracy and effectiveness of the acquired theoretical results.