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Sud Life Individual Product Info

1. SUD Life AASHIRWAAD

UIN: 142N053V01

A Non-Linked Non-Participating Endowment Plan which ensures that even in your absence, all the planned benefits remain intact and your child’s dreams are never compromised.

Benefits:

  • Guaranteed Benefits at Maturity
  • Choice among 5 different maturity payout options
  • Policy continues as planned, even after Life Assured’s unfortunate demise
  • Multiple premium payment term and policy term options
  • Income Tax benefits u/s section 80C & 10(10D) *, subject to conditions stipulated therein.

 

2. SUD Life Abhay

UIN: 142N072V01

Aa Non-Linked Non- Participating term assurance plan that offers protection for your family in case of unfortunate death. One can choose between availing a life cover or a life cover with return of premium option. It comes with three different types of pay-out options which you can choose as per your needs.

Benefits:

  • Flexibility to choose from 2 plan options:
  • Life cover
  • Life cover with Return of Premium
  • 3 death benefit payout options to choose from:
  • Lumpsum
  • Monthly Income
  • Lumpsum plus monthly income ​
  • Maximum policy term of 40 years
  • Maximum age at maturity is 80 years
  • Income Tax benefits u/s section 80C & 10(10D)*, subject to conditions stipulated therein.

 

3. SUD Life Assured Income Plan

UIN: 142N045V03

A Non-Linked Non- Participating endowment plan allows you to choose a guaranteed supplementary income for future, while ensuring a strong financial protection for your family in case of uncertainties.

Benefits:

  • Guaranteed annual income in future to meet your growing needs
  • Get all your premiums back at the end of policy term (excluding GST/taxes)
  • Immediate lump sum as well as regular income to the family in case of uncertainties
  • Income Tax benefits u/s section 80C & 10(10D) *, subject to conditions stipulated therein,

 

4. SUD Life Guaranteed Pension Plan

UIN: 142N052V01

A Non-Linked Non-Participating deferred pension plan that helps you to plan for your life post retirement – be it starting a new venture, pursuing a hobby, travelling across the world or just enjoying time with family and friends. This plan helps you meet planned as well as unplanned financial needs by providing a lump sum at retirement.

Benefits:

  • Vesting benefit at retirement (to buy an annuity plan)
  • Guaranteed additions
  • Assured pay-out in case of demise
  • Hassle free enrolment – no medicals
  • Income Tax benefits u/s section 80C & 10(10D) *, subject to conditions stipulated therein,

 

 

5. Star Union Dai-ichi's Guaranteed Money Back Plan

UIN: 142N036V02

While your long-term goals are a priority, there are times when you would need interim payouts to meet your short-term financial requirements as well. It is a non-linked non-participating endowment insurance plan which gives regular payouts every five years

Benefits:

  • Guaranteed money back of 200% of annualized premium every five years (before the end of policy term)
  • Your funds grow with guaranteed additions of up to 6% of annualized premium every year
  • Guaranteed lump sum at the end of policy term
  • Income Tax benefits u/s section 80C & 10(10D) *subject to conditions stipulated therein

 

6. ​​​​​​​​​​​​SUD Life - Praptee

UIN: 142N056V01

A Non-Linked Non-Participating Money b​ack Protection Cum Savings ​Life Insurance Plan that gives increasing money back payouts at regular interval of 3 years to keep pace with your growing lifestyle needs

Benefits:

  • Increasing money back every 3 years starting third policy anniversary^
  • Choice of 3 different Premium Payment Terms – 6,8 & 10 years
  • Income Tax benefits u/s section 80C & 10(10D) *, subject to conditions stipulated therein

7. SUD Life AADARSH

UIN: 142N054V01

A Limited Premium Non-Linked Non-Participating Endowment Life Insurance plan that offers you benefits of savings and protection for you and your loved ones.

This plan offers you a Guaranteed Maturity Benefit with a short premium paying term and enhances your protection with an inbuilt additional accidental death benefit.

Benefits:

  • Guaranteed Maturity Benefit equal to Basic Sum Assured
  • Enhances life cover with additional Death Benefit in case of death due to accident
  • Ideal short-term savings plan providing life cover for 10 years with a fixed premium payment term of 5 years
  • Income Tax benefits u/s section 80C & 10(10D) * subject to conditions stipulated therein

 

8. SUD Life AAYUSHMAAN

UIN: 142N050V01

A Non-Linked Deferred Participating Plan that pays lump sum benefits and lifelong financial protection, a plan to help you ensure that nothing comes in the way of your family's happiness. With the power of guaranteed additions and bonuses, your benefits augment with time.

Benefits:

  • Lifelong protection
  • Lump Sum Benefit on survival at the end of Policy Term
  • Guaranteed Additions and Bonus to augment plan benefits
  • Income Tax benefits u/s section 80C & 10(10D) * subject to conditions stipulated therein

 

9. SUD Life Samriddhi

UIN: 142N057V01

A Non-linked Deferred Participating Endowment Life Insurance Plan to build your savings & boost them with guaranteed additions and bonuses to offer financial protection for your family. This plan also has an additional financial protection through inbuilt accidental death benefit.

Benefits:

  • Maturity Benefit consisting of Basic Sum Assured along with accrued Guaranteed Additions, accrued Reversionary Bonuses, if any and Terminal Bonus, if any.
  • Enhances life cover insurance with inbuilt accidental death benefit in case of death due to accident.
  • Guaranteed Additions of 3% p.a. of Basic Sum Assured will be attached to the policy at the end of each policy year for the first 3 policy years
  • Income Tax benefits u/s section 80C & 10(10D) * subject to conditions stipulated therein

 

10. POS – SUD Life Sanchay

UIN: 142N058V01

A point of sale Regular Premium Non-Linked Non-Participating Endowment Life Insurance Plan that helps in generating supplementary source of income for you and your loved ones.

Benefits:

  • No medical test.
  • 10 equal annual regular installment of an amount equal to 150% of Annualized Premium will be paid at the end of each year during the Payout Period. (i.e. from 11th Year to 20th Year).
  • Income Tax benefits u/s section 80C & 10(10D) * subject to conditions stipulated therein

 

11. ​​SUD Life Wealth Builder Plan

UIN: 142L042V01

A Unit Linked Life Insurance Plan, which gives you an opportunity to grow your one-time investment, and also protects your family against uncertainties. In this policy, the investment risk in investment portfolio is borne by the policyholder.

Benefits:

  • Growth of your money through one-time investment
  • Assured financial assistance to your family in case of your unfortunate demise
  • Income Tax benefits u/s section 80C & 10(10D) * subject to conditions stipulated therein

 

12. SUD Life Dhan Suraksha Plus

UIN: 142L041V01

A double benefit Unit Linked Life Insurance Plan, which provides financial security to your family in case of your unfortunate demise along with a flexibility to grow your money through investment in a choice of four funds. In this policy, the investment risk in investment portfolio is borne by the policyholder.

Benefits:

  • Flexibility to invest in 4 funds.
  • Assured financial assistance to your family in case of your unfortunate demise
  • Income Tax benefits u/s section 80C & 10(10D) * subject to conditions stipulated therein

 

13. SUD Life Elite Assure Plus

UIN: 142N059V02

A Limited Premium Non-Linked Non-Participating Endowment Life Insurance Plan that offers protection for your family in case of unfortunate death and offers you additional protection by way of inbuilt accidental death benefit. The plan also helps you build up your savings and provides assured monthly payouts.

Benefits:

  • Monthly Payout as chosen by you
  • Annual Payouts - equals to 5 X monthly payout during payout period.
  • In-built Accidental Death Benefit – double death benefit in case of accidental death
  • Lump sum at the end of the policy term- up to 60 X Monthly Payouts for a 7-7-7 policy and 40 X Monthly Payouts for 5-5-5 policy.
  • Income Tax benefits u/s section 80C & 10(10D) * subject to conditions stipulated therein

 

14. SUD Life Century Plus

UIN: 142N074V01

A Limited Premium Non-Linked Non-Participating Endowment Life Insurance Plan that offers protection for your family in case of unfortunate death. The plan also offers flexibility to withdraw from 11th year with attractive surrender benefits and guaranteed maturity benefits.

Benefits:

  • Limited Premium Payment Term of 5 Years
  • Flexibility to withdraw from 11th year with attractive surrender benefits.
  • Guaranteed maturity benefitsprovided policy is in force and all premiums are paid
  • Income Tax benefits u/s section 80C & 10(10D) * subject to conditions stipulated therein

 

15. SUD Life Accidental Death and Total & Permanent Disability Benefit Rider- Traditional

UIN: 142B005V01

Accidents are common nowadays, and an accident can impair an individual’s life and affect the family emotionally as well as economically. This Non Linked Non Participating rider provides additional benefits to the insured in the unfortunate event of his or her meeting with an accident during the contract period under this rider.

Benefits:

  • On Death due to Accident -
  • 100% of Rider Sum Assured will be paid to the claimant provided the policy is in force as on the date of death of the Life Assured and the contract ceases thereafter.
  • On Total and Permanent disability due to Accident –
  • Rider Sum Assured will be paid to the policyholder in 10 equal half-yearly installments wherein each installment amount will be equal to Rider Sum Assured multiplied by 10%, provided the policy is in force (as on the date of occurrence of event) and the rider contract ceases after payment of the last installment.
  • Income Tax benefits u/s section 80C & 10(10D) * subject to conditions stipulated therein

 

16. SUD Life Family Income Benefit Rider- Traditional

UIN: 142B007V01

An Individual Non-Linked Term Insurance Benefit Rider that provides financial protection to your family in the event of your unfortunate demise.

Benefits:

  • 10% of the Rider Sum Assured will be paidto the nominee/Legal heir every year for a period of 10 years in case of unfortunate death of the life assured as follows:
  • (10% of Rider Sum Assured)/12 will be paid at the end of every policy month following the date of death of the Life Assured and continuing for a period of 10 years (provided policy is in force at the time of death of life assured)
  • Income Tax benefits u/s section 80C & 10(10D) * subject to conditions stipulated therein