SUD Life Retirement Royale

UIN – 142L099V02 - A unit-linked non-participating pension plan

SUD Life Retirement Royale is an investment-oriented pension plan that allows you to have a financially secured retirement. It provides financial security through insurance coverage and protection against market changes.

  • Choice of two Benefit Options : Growth Plus & Secure Plus
  • Unlimited Fund Switches - Free of Cost
  • Enhance your retirement fund with TOP-UP PREMIUM
  • Enjoy liquidity through partial withdrawals^

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What is SUD Life Retirement Royale Plan?

SUD Life Retirement Royale is designed to help you plan for retirement. It provides dual benefits of insurance protection and wealth creation. You can build up a retirement corpus per your needs as the plan allows you complete flexibility in choosing the Benefit Option, policy tenure, premium payment tenure, and investment funds. You can even change the policy details which adds to the flexibility of the plan. There are two Benefit Options - Growth Plus & Secure Plus in SUD Life Retirement Royale to choose from: Growth Plus & Secure Plus. You can also enhance your retirement corpus with the top-up premium option. Further, the policy offers a return of policy administration charges (RoPAC) at the end of the policy term. You can buy the plan online in some simple steps for quicker coverage. The plan benefits depend on the Benefit Option selected (Growth Plus & Secure Plus). The investment strategies are also plan-specific and help you build a retirement corpus. In the case of premature demise, the plan promises a death benefit while on maturity, you get a maturity benefit with which you can choose to receive regular pensions (annuity instalments)

    Download Plan Related Documents

    Detailed information available for download

    SUD Life Retirement Royale Plan Benefits

    Here are the benefits that you get from the plan

    RoPAC or Return of Policy Administration Charges

    Death Benefit

    Guaranteed Additions

    How Does SUD Life Retirement Royale Plan Work?

    When you buy SUD Life Retirement Royale, you will have to choose the following details at the inception of the policy: Benefit Option (Growth Plus & Secure Plus), Premium amount, Premium payment tenure, Policy Term. The premium, net of applicable charges, is invested per the chosen Benefit Option (Growth Plus & Secure Plus). Let’s understand the Benefit Options (Growth Plus & Secure Plus) in detail. Benefit Option Growth Plus - you will, have to select from the two-investment strategies - Self-Managed Investment Strategy and Age-Based Investment Strategy for investing your premium. Benefit Option - Secure Plus, only Term based investment strategy is available. Let us understand how each investment strategy works

    1.Self-Managed Investment Strategy

    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.

    2.Age-Based Investment Strategy

    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. 

    3.Term - based Investment Strategy

    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. 

    4.Withdrawal

    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. 

    5.Maturity Benefit

    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.

    Why choose SUD Life Retirement Royale Plan?

    SUD Life Retirement Royale Plan is the ideal option for you because of the following points
    • The policy can be brought online at the convenience of your home
    • The plan offers choice of two Benefit Options (Growth Plus & Secure Plus) for opting for benefits between Growth Plus as well as Secure Plus to choose from as per your insurance needs
    • You can enhance your retirement funds through the facility of top-up premiums
    • The plan offers the benefit of increasing or decreasing premium payment terms
    • You can get liquidity through partial withdrawals in case of a financial emergency
    • You can also enjoy tax benefits on the premiums paid for the plan as well as the benefits received under the plan

    Why Choose SUD Life?

    1.51+ Cr Lives Covered

    3rd Largest Life Insurer for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

    19,500+

    Distribution Points across India

    24,700+ Cr

    Assests Under Management

    98.6%

    Claims Settled as per 31.03.2024

    5,641 Cr Gross Premium till Dec '24

    6,718 Cr Gross Premium Mar '24

    4,500 Cr EV* (Dec '24)

    *Indian Embedded Value 4,000 Cr (Mar'24)

    Testimonials

    Know why customers buy Life Insurance from us

    Best Insurance Claim Support Team

    Choosing SUD Life Insurance was one of the best decisions I've made for my family's future. Their attentive team made the entire process seamless, ensuring I found the perfect plan tailored to my needs.

    Ramprakash Shivram Yadav
    Companies in India for Life Insurance Policy with a Wide Reach

    Choosing SUD Life Insurance was one of the best decisions I've made for my family's future. Their attentive team made the entire process seamless, ensuring I found the perfect plan tailored to my needs.

    Suresh Gajanan Patil
    PMJJBY Claim

    I have visit at Nanded Branch for pmjjby death claim documents submitted i very thankful mr.. akash sir my uncle Pmjjby death payment received at 3dyas.

    Yash Thakur
    And Many More.
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    (+91) - 7208 867122

    Toll-Free Number

    1800 266 8833
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    Frequently asked questions (FAQs)

    What are the fund options under SUD Life Retirement Royale?
    What are the mortality charges applicable under the SUD Life Retirement Royale plan?
    What is the return of RoPAC (Return of Policy Administration Charges) in the SUD Life Retirement Royale Plan?
    Are there any partial withdrawal or premium re-direction charges applicable in SUD Life Retirement Royale?
    When can I top-up the premium in the SUD Life Retirement Royale plan?

    The fund options under SUD Life Retirement Royale are as follows: 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.

    Disclaimers