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SUD LIFE- Group Product Info

1. SUD Life New Aashiana Suraksha

UIN: 142N055V02

​​​​​​​A Limited Premium Group Credit Life Insurance Plan which provides insurance cover on the outstanding loan amount for home and mortgage loan customers


  • Safeguards your family against financial burden of loan liability when you not around
  • Flexibility to choose from various Premium Payment Term options
  • Coverage during moratorium period with or without payment of interest
  • Option to cover joint borrowers
  • Income Tax benefits u/s section 80C & 10(10D) * subject to conditions stipulated therein


2. SUD Life Sampoorna Loan Suraksha Plan


​​​​​​​A Non-Linked Non-Participating Group Credit Life Insurance Product which is especially designed to cater to the needs of borrowers for​ all types of loans including home loan, education loan, vehicle loan and personal loan. The plan gives you peace of mind by paying the outstanding loan amount in case of death of life assured.


  • Offers protection against all types of loan liability
  • Attractive options on Joint Borrowing
  • Income Tax benefits u/s section 80C & 10(10D) * subject to conditions stipulated therein


3. SUD Life Group Term Insurance Plus

UIN: 142N046V02​​​​​​​

A Non Linked Non Participating Group Term Insurance plan is an annually renewable plan that helps you to provide life cover to your group members in a cost-effective way and secure their peace of mind.


  • Financial protection for the insured member at competitive rates
  • Unmatched Flexibility:
  • to customize suitable protection for the group
  • for new members to join in and existing ones to leave the group
  • to pay premiums in various modes
  • No medical tests up to Free Cover Limit


4. SUD Life Group Retirement Benefit Plan

UIN: 142L049V01

​​​​​​​A Non Participating Group Unit Link Insurance Plan. As an employer, it would be beneficial for you to have an effective and systematic plan to manage your funds for the gratuity obligation and the leave encashment benefits. SUD Life Group Retirement Benefit Plan is for all Employer-Employee groups to effectively manage your employee’s gratuity and/or leave encashment. In this policy, the investment risk in investment portfolio is borne by the policyholder.


  • Get market-linked returns on your investment through a choice of 4 investment funds
  • Get complete flexibility in payment of contributions
  • Flexibility to redirect contribution and switch between funds
  • Income Tax benefits as applicable* subject to conditions stipulated therein


5. SUD Life Group Accidental Benefit Rider

UIN: 142B006V01

​​​​​​​A Non Linked Non Participating Group rider that provides additional benefits in case of accidental death or accidental dismemberment of the insured member. The rider can be attached with our Group Term Life Insurance Schemes, provided 100% of the members of the base policy are covered under the rider policy at inception.


  • 100% of Rider Sum Assured on death of the insured member due to accident. (Maximum 50 lakhs will be payable to nominee provided that the member is covered on the date of death)
  • A percentage of the Rider Sum Assured is paid to the Insured Member in case of identified events


6. SUD Life  Pradhan Mantri Jeevan Jyoti Bima Yojana

UIN: 142G047V02

A non-linked non-participating one-year renewable group term insurance scheme that provides life cover at low cost to the members of savings bank account


  • Protection to your family with a life cover of Rs. 2 lacs
  • Affordable premium of Rs. 330 p.a.


7. SUD Life Group Term Insurance Scheme in lieu of EDLI

UIN - 142N032V02

As an employer you understand that your employees are the key to the success of your organization. Hence it is important that you ensure their financial security by providing them with extra protection along with what is absolutely mandatory. A One Year Renewable Group Term Assurance plan which provides life insurance cover to all the employees who are covered under the Employees Provident Fund.


  • For Employer
  • Financial security to your employees’ families at a low cost
  • The premiums paid are treated as business expense for Income Tax purposes
  • For Employee
  • Higher Life cover to the employees as compared to EDLI scheme
  • Easy and Hassle-free enrolment process
  • No premium to be paid by the employee
  • Income Tax Benefits under section 10(10D)*, subject to conditions stipulated therein