SUD Life Century Star Plan

SUD Life Century Star Plan is a life insurance program that provides your family with the financial stability they need in the event of your premature death. Under this plan, you will pay premiums over a short period, and your family will receive financial support in the event of your death. The policy also offers a guaranteed payout upon the expiry of the term. The plan is flexible, and you can select a policy term of 12-16 years and a premium payment term of 7 years.

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Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Eligibility Criteria for the SUD Life Century Star Plan

Criteria Minimum Maximum
Entry Age 8 years 55 years
Policy Term 12 years 16 years
Premium Paying Term 7 years 7 years
Annual Premium

₹10,000 No Limit (Subject To Underwriting)
Sum Assured ₹5,000 (Multiples) As Per Company Guidelines

Features of the SUD Life Century Star Plan

Here are the key features of the SUD Life Century Star Plan:

  • Limited Premium Payment Term (7 Years): Pay premiums for only seven years, while the policy continues for a longer duration, providing life cover and savings benefits.
  • Guaranteed Maturity Benefit: The maturity payout is fixed at the start of the policy based on your entry age and policy term, ensuring predictable returns.
  • Surrender Benefit from 13th Year: The policy can be surrendered from the 13th year onwards, offering a payout to meet changing financial needs.
  • Optional Rider Benefits: Additional protection can be added through riders, such as accidental death or family income benefit.
  • Higher Premium Advantage: Choosing a higher premium results in improved maturity benefits and greater wealth accumulation over time.
  • Guaranteed Returns with No Market Risk: As a non-linked plan, it offers stable, assured returns unaffected by market performance.

SUD Life Century Star Plan is a reliable option among the Star Union Dai-ichi Traditional Plans, with its balance of protection and guaranteed savings.

Benefits of the SUD Life Century Star Plan

The SUD Life Insurance Century Star Plan combines life protection with guaranteed savings, offering financial security across different life stages. Key benefits include:

  1. Death Benefit

    Provides a lump-sum payout to the nominee upon the policyholder’s death during the policy term, helping the family manage daily expenses, liabilities, and long-term financial needs.

  2. Guaranteed Maturity Benefit:

    Pays a fixed amount at the end of the policy term if the policyholder survives, supporting goals such as retirement planning, children’s education, or wealth accumulation.

  3. Financial Security for the Family:

    Offers a combination of protection and savings, helping dependents maintain financial stability and continuity even during unforeseen circumstances.

  4. Stable, Predictable Returns:

    As a non-linked, non-participating plan, it provides guaranteed returns unaffected by market fluctuations, making it suitable for low-risk financial planning.

  5. Surrender Value Flexibility:

    Allows policyholders to exit the plan after it acquires surrender value, providing access to funds in case of financial emergencies.

SUD Life Century Star Plan stands out as a reliable option among best investment plans, offering a combination of guaranteed returns and life protection.

Riders Under the SUD Life Century Star Plan

This section outlines the optional add-ons available with the plan. The following are the riders available:

  • Accidental Death and Total Permanent Disability Rider: Gives extra payout in case of accidental death or disability.
  • Family Income Benefit Rider: Provides a monthly income to the nominee over a predetermined duration on the occurrence of death.

Policy Details of the SUD Life Century Star Plan

The following are the policy details of the SUD Life Century Star Plan:

  1. Grace Period

    There exists a 30-day grace period during which premium payments can be kept at the time of coverage.

  2. Revival

    The policy can be reinstated to life in less than 5 years through the payment of outstanding premiums, inclusive of the applicable interest.

  3. Free Look Period

    The policyholders are given a period of 30 days to revoke the policy in case of dissatisfaction, and it is claimed with deductions.

  4. Surrender

    Surrendering of the policy is possible after one year, and the benefits are based on GSV or SSV.

  5. Loan

    Till the policy term, loans of up to 70% of the surrender value can be made available.

Exclusions Under the SUD Life Century Star Plan

Here are the key exclusions under the SUD Life Century Star Plan:

  1. Suicidal Cover

    In case death happens because of suicide in a 12-month period, payment will be restricted to 80% of the sum of premiums paid or the value of the surrender, whichever is greater.

  2. Total Permanent Disability (TPD)

    TPD benefits will be available only if the corresponding rider is chosen with the basic plan.

FAQs

  • Can I increase my coverage after purchasing the plan?

    No, it is not possible to increase the base coverage after the policy has been issued.
  • Is a medical examination mandatory for this plan?

    Policies obtained through POS channels may not require medical tests, depending on eligibility requirements.
  • How is the maturity benefit calculated?

    The maturity benefit is computed by multiplying the annualised premium, which varies according to your entry age and the term of the policy you have taken. This provides a fixed and assured payout of a policy upon expiry.
  • Is it possible to have more than one policy under this plan?

    Yes, there are several policies that you can buy, which are subject to underwriting rules and restrictions by the insurer. It may contribute to diversifying savings and to matching various policies to diverse financial objectives.
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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