SUD Life AADARSH

UIN: 142N054V04

SUD Life AADARSH is a non-participating, non-linked, savings-focused life insurance plan with limited premium payments. It combines the benefits of insurance coverage with growing savings. SUD Life AADARSH is a saving life insurance plan that not only offers an assured life cover but also a guaranteed maturity benefit at the end. From funding your child’s education to planning for retirement, SUD Life AADARSH life insurance plan ensures guaranteed returns and essential family protection to face life’s uncertainties confidently.

  • Pay premiums for just 5 years while enjoying protection for 10 years
  • A simple plan that helps to achieve various life milestones with confidence
  • Get double payout in case of accidental death
  • Enjoy tax benefits on premium payouts

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What is SUD Life AADARSH Plan?

SUD Life AADARSH is a smart savings and protection plan which balances financial growth with security. This limited premium endowment plan lets you pay premiums for just 5 years while offering a solid 10 years of coverage. At the end of the term, you’re guaranteed a fixed maturity payout, helping you achieve your financial milestones with ease. What sets this plan apart is its built-in accidental death benefit, which doubles the death sum assured in case of accidental demise during the policy term—offering added peace of mind for your loved ones. This plan also offers flexibility through the option of loans against the policy, ensuring liquidity for unexpected expenses. Plus, you enjoy tax advantages on both premiums and payouts under sections 80C and 10(10D) of the Income Tax Act, respectively. Whether you’re planning for future goals or securing your family’s financial future, SUD Life AADARSH provides a reliable mix of savings and financial security.

    Download Plan Related Documents

    Product Brochure
    Policy Presentation
    Policy Document
    Product CIS
    Key Features Document

    How Does SUD Life AADARSH Plan Work?

    Once you purchase the SUD Life AADARSH Insurance Plan, select the following details: Sum assured, Premium payment frequency. This is a fixed 10-year term plan, where the policyholder has to pay a premium for the first 5 years only. The premium will be calculated based on your age, sum assured and other risk factors

    1.Survival Benefit

    If the life insured survives the policy period, the plan guarantees a maturity payout equal to the Basic Sum Assured. This amount is paid as a lump sum, ensuring you have the funds you need to achieve your financial goals. Once this benefit is paid, the policy ends.

    2.Death Benefit I

    In case of death due to cause other than accident during the policy term: Death Sum Assured is paid to your nominee in lumpsum. The amount will be the highest of: 10 times the Annualized  Premium, 105% of total premiums paid,Guaranteed Maturity Benefit (Basic Sum Assured), Absolute amount assured to be paid on death (basic sum assured)

    3.Death Benefit II

    In case of death due to accident during the policy term: The nominee receives double the Death Sum Assured, providing enhanced financial support during difficult times

    4.Waiting Period

    If the policy was purchased through a Point of Sale (POS-P) channel, a 90-day waiting period applies for non-accidental death. During this time, only 100% of the premiums paid (excluding taxes) are paid if the death is due to natural causes. After the waiting period, full death benefits apply.

    How Does the SUD Life AADARSH Plan Work?

    SUD Life AADARSH Plan Benefits

    Here are the benefits that you get from the plan

    Maturity Benefit

    Death Benefit

    Accidental Death Benefit

    Why choose SUD Life AADARSH Plan?

    SUD Life AADARSH Plan is the ideal option for you because of the following points
    • It is a fixed short-term plan that can help you financially at various life stages
    • It provides a guaranteed maturity benefit at the end of the policy period
    • It safeguards your family in case of your untimely demise
    • Its accidental death benefit further secures your family in tough times
    • It has a flexible premium payment mode
    • You can receive tax benefits on the premium paid as well as benefits received as per prevailing tax laws

    Frequently asked questions (FAQs)

    Can I take a loan against my SUD Life AADARSH policy?
    Based on payment frequency, how is the premium calculated?
    What happens if I surrender my policy before my tenure?
    What happens if my policy happens to lapse or gets converted to a Reduced Paid-Up Amount?
    Is there a grace period for missed premium payments?

    Yes, you can avail of a loan during the policy term if your policy has acquired a minimum amount of surrender value. In fact, the loan amount can be up to 70% of the surrender value. To secure the loan, you will need to assign your policy document as collateral. The loan will be subject to the terms and conditions of the company, including the applicable interest rate

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    This is a simple term insurance plan that provides life cover for your family.

    • Life cover ranges from ₹5 lakhs to ₹25 lakhs
    • You can join between ages 18 to 65
    • Covers you up to age 70
    • Choose to pay premiums once, regularly, or for 5 or 10 years
    • Policy terms from 5 to 40 years
    • 45-day waiting period at the start (only accidental death covered during this time)
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