SUD Life Century Plus Plan

Eligibility Criteria for the SUD Life Century Plus Plan

Features of the SUD Life Century Plus Plan

The key characteristics of this plan are:

• Limited Premium Payment Option: Pay premiums for just five years, while enjoying coverage and policy benefits for the entire term.
• Guaranteed Maturity Benefit: Receive a fixed maturity payout, determined by your entry age and chosen policy term, ensuring predictable returns.
• Optional Rider Benefits: Enhance your coverage by adding riders such as an accidental death benefit or disability cover for extra financial protection.
• Tax Benefits: Avail tax deductions on premiums paid and tax exemptions on benefits received, as per prevailing income tax laws.
• Guaranteed Returns with No Market Risk: As part of the Star Union Dai Chi Traditional Plan, it offers stable, assured benefits, as returns are not linked to market performance.

Benefits of the SUD Life Century Plus Plan

The SUD Life Insurance Century Plus Plan offers a combination of protection and savings, designed to support long-term financial stability. Key benefits include:

• Death Benefit: Provides a lump-sum payout to the nominee upon the policyholder’s death, helping the family manage financial obligations and maintain their standard of living.
• Guaranteed Maturity Benefit: Offers a fixed payout at the end of the policy term, supporting planned financial goals such as retirement, education, or major life expenses.
• Financial Protection: Acts as a safety net during unforeseen events, helping reduce the financial impact on dependents.
• Predictable Returns: Delivers stable, guaranteed returns that are not linked to market fluctuations, making it suitable for risk-averse investors.
• Liquidity Options: Provides flexibility through policy loans or surrender value, allowing access to funds when needed.

Riders Under the SUD Life Century Plus Plan

This section covers additional coverage options available with the plan. The following are the riders available:

• Accidental Death and Total and Permanent Disability Rider.
• Life Income Benefit Rider With 10 Years Monthly Income Retirement.

Policy Details of the SUD Life Century Plus Plan

This section provides operational details of the policy. Here are some if the policy details under this plan:

1. Grace Period

   They allow the payment of the premium within 30 days after the date.

2. Revival

   The policies may be rekindled in one of the 5 years from the original date of unpaid premium by paying the dues with interest.

3. Free Look Period

   30 days free of charge, favorable look will permit a refund of the policy with deductions.

4. Surrender

   The policy may be given up upon the expiry of the initial policy year. The Guaranteed or Special Surrender Value will be the greater of the two and will be used as the payout.

5. Loan

   One can avail loans up to 70% of the surrender value under terms and conditions.

Exclusions Under the SUD Life Century Plus

This section outlines the conditions under which benefits may be limited. Here are some exclusions on this plan:

1. Suicidal Cover

   In case death is caused by suicide within 12 months, the nominee is entitled to 80% of premiums paid or the value of surrender, whichever is higher.

2. Total Permanent Disability (TPD)

   The rider is the only cover provided and not a base policy benefit.