What is SUD Life Sampoorna Loan Suraksha Plus Plan?

The plan is renewable annually and provides life cover to group members as long as premiums are paid regularly. Coverage begins when the policy is issued and remains active until the end of the policy term. The sum assured is paid to the beneficiary in case of the member's unfortunate demise during the policy term. There is no maturity or surrender benefit available under this plan for the master policyholder or group members. The plan benefits depend on the type of coverage and the benefit option selected. 

There are five benefit options available under the plan and the payout under each option: 

1. Life Cover
   Life Cover plus Accelerated Critical Illness Benefit
   Life Cover plus Accelerated Accidental Total & Permanent Disability
   Life Cover plus Accidental Death Benefit
   Life Cover plus Accelerated Accidental Total & Permanent Disability plus Accidental Death Benefit

Reducing Cover: Sum Assured as specified in Cover Schedule of COI
Level Cover: Initial Sum Assured opted at inception of the policy

This benefit comes with the following terms – CI Benefit Term - 5 years, CI Benefit Term - 10 years, CI Benefit Term - Policy term.

If the life insured suffers a total and permanent disability (TPD) due to an accident during the policy term then the benefit will be paid.

If the life insured passes away in an accident the benefit will be paid.

If the life insured suffers accidental death or faces total and permanent disability due to an accident, the benefit will be paid.