SUD Life Century Gold

UIN: 142N087V03

SUD Life Century Gold is saving life insurance plan that not only provides assured life cover but also a guaranteed maturity benefit. SUD Life Century Gold offers reliable life coverage with customisable options to help you achieve long-term financial goals, whether it’s building a Retirement fund or ensuring a secure future for your child.

  • Secure major life goals like education and marriage confidently
  • Enjoy a guaranteed maturity benefit inclusive of accrued guaranteed additions
  • Choose from two plan options and flexible premium and policy terms
  • Enjoy tax advantages on premiums and plan benefits

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What is SUD Life Century Gold?

The SUD Life Century Gold plan provides steady growth and protection, ensuring that your financial goals—such as securing your child’s education or planning for important life stages—stay on track, unaffected by external financial fluctuations. The plan allows flexibility in choosing premium payment terms and policy term to align with your needs. There are two plan options , and the second option ensures your child’s future is protected with its three-part death benefit. Ideal for individuals seeking long-term savings and financial security for their families, this plan also offers loan options against the policy’s surrender value to provide emergency access to funds. Along with these benefits, the plan offers tax advantages under current tax laws, making it an excellent option for those aiming to boost their savings while ensuring future security. With its guaranteed maturity benefits SUD Life Century Gold is a practical choice for those who want to build a financial cushion while meeting life’s essential milestones..

    Download Plan Related Documents

    Product Brochure
    Policy Presentation
    Policy Document
    Product CIS

    How Does SUD Life Century Gold Work?

    When you purchase the SUD Life Century Gold, you select the following details: Plan option, Policy term, Premium payment term, Premium amount, Frequency of premium payments. The death benefit would depend on plan option chosen and is paid if the life insured dies during the policy term. If the life insured survives the policy term and the plan matures, a maturity benefit is paid. The benefit is calculated as the sum assured on maturity plus the accrued guaranteed additions. The sum assured on maturity depends on the plan option selected, the policy term and your age. During the policy term, your policy earns guaranteed additions which are calculated as a percentage of the annualised premium paid. The percentage depends on the plan option selected.

    1.Types of Plan Variant

    There are two types of Plan Variants:

    1. Goal Sure
    2. Edu Sure

    2.Goal Sure

    In the event of the life insured’s death during the policy term, a lump-sum death benefit is paid to the nominee. The death benefit will be the highest of the following – 

    • Sum assured on death, which is 10.5 times the annualised premium + accumulated guaranteed additions + guaranteed addition for the year of death (if applicable)

    • surrender value as of the date of death

    • death benefit factor is multiplied by the guaranteed maturity benefit.

    3.Edu Sure

    This plan option offers a structured death benefit paid in three parts:

    • Part 1: An immediate lump-sum benefit to the nominee (sum assured on death)

    • Part 2: An income benefit of 5% of the annualised premium, paid each month starting from the month in which death occurred till the end of the policy term.

    • Part 3: A lump-sum payment equivalent to the guaranteed maturity benefit at the end of the policy term.

    4.Minimum Death benefit

    Under both plan options, the minimum death benefit is at least 105% of the total premiums paid until the date of death

    5.Survival Benefit

    If the Life Insured survives until the end of the policy term, they receive the sum assured on maturity (SAM) along with the accumulated guaranteed additions. SAM is calculated by multiplying the SAM factor by the annualised premium. The SAM factor depends on your entry age, policy term (PT), and the selected plan option

    SUD Life Century Gold Plan Benefits

    The plan covers the following major benefits:

    Guaranteed Maturity benefits

    Guaranteed Additions

    Death Benefit

    Loan facility

    Maturity Benefit

    Why choose SUD Life Century Gold?

    Here are some reasons to consider the SUD Life Century Gold Plan
    • It offers two plan options—Goal Sure and Edu Sure—to cater to different financial goals and needs.
    • It provides a substantial death benefit to ensure financial security for beneficiaries, including additional monthly income options in the Edu Sure plan.
    • You only have to pay limited premiums for the policy, and you can enjoy coverage for a longer tenure.
    • The Edu Sure option can be used as a tool to secure your child’s financial future with the death benefit that it provides.
    • It is designed for long-term savings and financial protection, suitable for individuals looking to secure their family’s future.
    • Premiums paid and benefits received may qualify for tax deductions under applicable sections of the Income Tax Act, enhancing the overall value of the investment.
    • It provides various premium payment frequencies, including annual, semi-annual, quarterly, and monthly, for convenience.

    Frequently asked questions (FAQs)

    How are Guaranteed Additions calculated under the SUD Life Century Gold plan?
    Can minors enjoy immediate coverage under the plan?
    What happens if my policy lapses or it gets to the Reduced Paid-Up Value?
    What happens if I miss a premium payment?
    Is it possible to restore my lapsed or reduced paid-up policy to its original benefits?
    What happens if the life insured dies by suicide within the first year of the policy?
    Can the plan be discontinued during the policy term?

    Guaranteed Additions will accrue as per the table below: PPT GA Start Year % of Annualised Premium (Goal Sure Plan) % of Annualised Premium (Edu Sure Plan) 5 6 40% 30% 6 7 50% 40% 8 9 60% 50% 10 11 70% 60%

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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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