What is SUD Life Retirement Royale Plan?

Under this strategy, you can manage your investments actively and choose from four fund options depending on your risk appetite and investment preference to invest your money. You can also switch between the funds during the term of the policy at your discretion. The five fund available in this option are - Pension Equity Plus Fund, Pension Growth Plus Fund, Pension Balanced Plus Fund, Pension Gilt Plus Fund and SUD Life Nifty Alpha 50 Index Pension Fund.

Under this strategy, you choose your risk preference, which is aggressive or conservative. Based on your selected risk preference, the investments will be allocated between 2 funds Pension Equity Plus Fund and Pension Gilt Plus Fund. You have an option to switch the risk preferences during the policy term. Annual rebalancing - The units are rebalanced annually as necessary to achieve the specified proportions of the Fund Value in the Pension Equity Plus Fund and Pension Gilt Plus Fund. Security as policy approaches maturity - As the Policy nears its maturity date, the investment from Pension Equity Plus Fund, which will be systematically transferred to the Pension Gilt Plus Fund in five instalments in the last five policy anniversaries before maturity to ensure the accumulated savings are not affected by short-term market volatility. 

Under this strategy, you choose your risk preference - Conservative or Aggressive. Based on the risk preference and the chosen vesting date, the investments are distributed between two funds, Pension Gilt Plus Fund and Pension Growth Plus Fund, in a specified proportion. You can switch the risk preference during the policy term. The allocation to the two funds is rebalanced annually to maintain the specified proportions. 

You can withdraw funds partially after the end of first five policy years. You can also switch between fund options and risk preferences during policy tenure. Please read the sales brochure for details. If the life assured dies during the tenure of the policy, the death benefit is paid to the nominees depending on the Benefit Option chosen. The nominee can also choose to receive the death benefit in instalments through the Settlement Option. 

Under Growth Plus option, the fund value calculated at prevailing NAV and the return of policy administration charges (ROPAC) Return of Policy Administration Charges would be paid as maturity benefits. Under Secure Plus option, a higher of the fund value plus the RoPAC or 101% of the total premiums paid would be paid as maturity benefit. You can utilise the vesting benefit (maturity benefit) in any of the following ways: Utilize entire proceeds to buy an immediate annuity or a deferred annuity plan from SUD Life at prevailing annuity rate. Commute upto 60% and utilize the balance proceeds to buy an immediate annuity or a deferred annuity plan from SUD Life. You can also purchase immediate or deferred annuity plan from any other insurance company at the then prevailing annuity rate to the extent of percentage will be given, stipulated by Authority (IRDAI), currently 50% of the entire proceeds of the policy net of commutation.