What happens if I surrender my policy before the tenure?

If the policy is surrendered after the first policy year, a written request is required. The payout will be the higher of Guaranteed Surrender Value (available after two full policy years) or Special Surrender Value (available after one full policy year).

What happens if my policy lapses or gets converted to Reduced Paid-Up status?

If premiums are not paid within the grace period during the first policy year, the policy lapses and life cover ends. If at least one year's premiums are paid and later missed, the policy becomes Reduced Paid-Up with adjusted benefits for death, maturity, and surrender.

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?

Q: Can I take a loan against my SUD Life Aadarsh policy?

Yes, a loan can be availed during the policy term once the policy acquires a minimum surrender value. The loan amount can be up to 70% of the surrender value. The policy document must be assigned as collateral, and the loan is subject to applicable interest rates and company terms.

Q: Based on payment frequency, how is the premium calculated?

Premiums depend on the age of the Life Assured, the Sum Assured, and the premium payment mode. When paid other than annually, modal factors apply: Semi-annual – 0.5108, Quarterly – 0.2582, Monthly – 0.0867.

Q: Is there a grace period for missed premium payments?

Yes, a grace period of 15 days applies for monthly premiums and 30 days for all other premium payment modes.

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 (Prospectus)

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.

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

The premium is based on factors such as the: The age of the Life Assured, The Sum Assured and The mode of Premium Payment. These elements are considered when calculating the annual premium, especially when premiums are paid in modes other than annually. The modal factors are: Semi-annual: 0.5108, Quarterly: 0.2582, Monthly: 0.0867

If you decide to surrender your policy after the first policy year, you need to submit a written request to the company. The surrender value will be the higher amount of the: Guaranteed Surrender Value (GSV): The GSV or the Guaranteed Surrender Value is available after paying the premiums for the first two full policy years. OR Special Surrender Value (SSV): The SSV or the Special Surrender Value will acquire after payment of for one full policy year premium

If due premiums are not paid within the grace period for the first full policy year, the policy will lapse. Once lapsed, the life cover will end, and no benefits will be paid. If you’ve paid premiums for at least one year but miss subsequent payments, the policy will become Reduced Paid-Up. In this case, the policy will continue with adjusted benefits: Death Benefit: If the policyholder dies (except in an accident), the reduced death sum assured will be paid. In case of accidental death, the benefit will be double the reduced sum assured and policy will terminate. Maturity Benefit: If the policyholder survives the policy term, they will receive the reduced maturity benefit and policy will terminate. Surrender Benefit: If the policy is surrendered, the higher of the Guaranteed Surrender Value, i.e. GSV or the Special Surrender Value, i.e. the SSV will be paid, and the policy will terminate

Yes, you will be given a grace period of 15 days for monthly premium payments and 30 days for other premium payments to cover any missed premiums

Our Other ULIP Plans

Explore our other plans

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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