SUD Life Health Assure

UIN: 142N098V01

SUD Life Health Assure is an Individual, Non-Linked, Non-Participating Health Insurance Plan. It is a fixed benefit plan that provides lump sum payouts on the occurrence of specified insured events such as Critical Illness, Accidental Death, Accidental Total & Permanent Disability, and Hospitalization, as per the coverage option chosen, subject to policy terms and conditions. Life can change without notice. A sudden diagnosis. An unexpected accident. A hospital stay that disrupts routines and finances alike. With SUD Life Health Assure, you get a comprehensive health protection plan that provides fixed lump sum benefits to help you manage medical costs and maintain financial stability during difficult times. It is designed to offer flexibility, multiple coverage combinations, and the option to receive back your premiums at maturity, so you can protect today while planning responsibly for tomorrow.

  • Choice of Benefit Type: With Return of Premium / Without Return of Premium
  • Coverage options: Critical Illness, Accidental Death, Accidental Total & Permanent Disability, Hospital Cash Benefit
  • Lump sum payouts on covered events
  • Daily hospital cash benefit option (without ROP)

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What is SUD Life Health Assure?

SUD Life Health Assure is a fixed benefit health insurance plan designed to provide financial support in case of:

  • Diagnosis of Minor or Major Critical Illness
  • Accidental Death
  • Accidental Total & Permanent Disability
  • Hospitalization (Hospital Cash Benefit) 
     

The policyholder must first choose the benefit type and then select one or more coverage options under that benefit type. Once selected, the type of the benefit and coverage options cannot be changed during the Policy Term. The company pays benefits in lump sum (or fixed daily payout for Hospital Cash Benefit), subject to fulfilment of policy terms including waiting period, survival period, cooling off period and exclusions.Premium is determined based on entry age, selected coverage options, sum assured, policy term, premium payment term and benefit type chosen. This plan is ideal for individuals seeking comprehensive health protection with structured payouts and optional return of premium at maturity. 

    Download Plan Related Documents

    Product Brochure (Prospectus)
    Policy Presentation
    Policy Document
    Product CIS

    How Does the SUD Life Health Assure Plan Work?

    1.Choose Your Benefit Type

    At inception, the policyholder selects either the With Return of Premium option or the Without Return of Premium option. This selection determines whether a maturity benefit will be payable on survival till the end of the policy term. 
     

    2.Select Your Coverage Option

    Based on the chosen benefit type, the policyholder may select one or more coverage options available under the plan. The coverage options include Accidental Death Benefit (ADB), Accidental Total & Permanent Disability (ATPD), Comprehensive Critical Illness (CCI) and Hospital Cash Benefit (HCB), with HCB available only under the Without Return of Premium option. Accidental Death Benefit cannot be selected on a standalone basis. Once chosen, the benefit type and coverage options cannot be altered during the Policy Term. 

    3.Payment of Premium

    Premium is payable as per the selected premium payment term and mode. The premium is determined based on age at entry, selected coverage options, sum assured, policy term and benefit type. The policy must remain in-force for benefits to be payable.

    4.Occurrence of Covered Event

    If an insured event occurs during the policy term while the policy is in-force, the company shall pay the applicable benefit as per the coverage option selected. Refer to the policy brochure for a detailed understanding.

    5.Benefit Payable

    For all coverage options, the benefit payable shall be the highest of the sum assured under the respective coverage option, 105% of Total Premiums Paid, or 7X the Annualized Premium if entry age is less than 50 years, or 5X the Annualized Premium if entry age is 50 years or above.

    6.Survival till Maturity

    If the policyholder survives till the end of the policy term and the policy is in-force, total premiums paid for coverage options that remain in-force shall be refunded under the With Return of Premium option. Under the Without Return of Premium option, no maturity benefit shall be payable. The policy shall terminate upon payment of the applicable benefit, if any. 

    SUD Life Health Assure Benefits

    Here are the benefits that you get from the plan

    Multiple Coverage Options

    Fixed Benefit Payout Structure

    Coverage for Minor and Major Critical Illnesses

    Hospital Cash Benefit Option

    Return of Premium Option

    Flexible Premium Payment Options

    Why Choose SUD Life Health Assure?

    SUD Life Health Assure Plan is the ideal option for you because of the following points
    • Offers protection against critical illness and accidents
    • Provides structured lump sum benefits
    • Covers both minor and major critical illnesses
    • Optional premium return feature
    • Includes hospital cash option
    • Flexible premium payment choices

    Frequently asked questions (FAQs).

    Can I choose multiple coverage options?
    What happens if I survive till maturity?
    Is there a waiting period?
    Is there a survival period?
    Can I revive my lapsed policy?

    Yes, you can choose multiple coverage options under the selected Benefit Type. However, ADB cannot be chosen standalone. 

    Disclaimers