SUD Life Guaranteed Money Back Plan

UIN: 142N036V06

Star Union Dai-ichi’s Guaranteed Money Back Plan is a non-linked, non-participating, money-back life insurance plan. The plan offers liquidity in the form of assured payouts at specified intervals along with financial protection against the risk of premature demise. This is a savings-oriented life insurance plan that provides liquidity during the policy tenure in the form of money-back benefits. The plan offers reliable life coverage with liquidity and savings to help you meet your financial needs without worries.

Pay limited premiums and enjoy coverage for a longer tenure
200% of annualized premium paid in lumpsum every five years Guaranteed additions add to the plan’s corpus (In case of death, the entire sum assured is payable irrespective of survival benefits already paid)
Get flexibility through a policy loan
Optional riders add to the scope of the policy
Enjoy tax benefits on premiums paid and benefits received

Buy SUD Life Guaranteed Money Back Plan Online

Your First Name *

Last Name *

Your Gender *

Date of Birth

Email ID*

Mobile Number*

+91

We Don't Spam

I hereby consent to receive policy related communication from SUD Life Insurance Co. Ltd or its authorized representatives via Call, SMS, Email & Voice over Internet Protocol (VoIP) including WhatsApp

I hereby consent to receive policyClick here

What is SUD Life Guaranteed Money Back Plan?

The Star Union Dai-ichi’s Guaranteed Money Back Plan helps you create a corpus for your financial goals. It also pays money-back benefits at specified intervals so that you can access liquid funds for your short-term financial needs i.e. 200% of Annualized Premium paid in lumpsum every 5 years. The money-back benefits do not affect the death benefit payout, and you receive the full death benefit in the case of unfortunate events. You can enjoy life insurance coverage for the whole policy tenure, but premiums are payable only for a limited period of 10 years. The plan also offers a policy loan against your surrender value to provide emergency access to funds. Guaranteed additions also add to the policy benefits, helping them grow over the chosen term. You can also enjoy premium discounts when choosing higher sum assured levels, making the plan affordable. Along with these benefits, you can enjoy tax savings under current tax rules, making it an excellent option for those aiming to boost their savings while ensuring future security. You can also choose from two optional riders and enjoy added protection. Star Union Dai-ichi’s Guaranteed Money Back Plan is a flexible and practical choice for creating a financial cushion while meeting life’s essential milestones.

Download Plan Related Documents

How Does SUD Life Guaranteed Money Back Plan Work?

When you purchase the Star Union Dai-ichi’s Guaranteed Money Back Plan, you select the following details: Sum assured, Policy term, Frequency of premium payments, Riders, if any.

1.Premium

The premium will be calculated based on these details, your age and other risk factors. You will have to pay premiums for the limited tenure of 10 years. Guaranteed additions, as a percentage of the annualized premium , are accumulated every year throughout the chosen policy term. From the end of 5 policy years and every five years thereafter, 200% of the annualized premium will be paid as a survival benefit (money back).

2.Survival Benefit

If you survive the policy tenure, the sum assured, minus the survival benefits, will be paid in a lump sum along with the accumulated guaranteed additions.

3.Death Benefit

If the life insured passes away during the policy term, the sum assured, irrespective of the survival benefits paid under the policy, a lump sum benefit plus accrued guaranteed additions will be paid to the nominee/beneficiary.

4.Example

A man aged 35 years buys the Star Union Dai-ichi’s Guaranteed Money Back Plan policy for a period of 20 years. The policy details are as follows: Sum assured on death - ₹10,00,000, Premium payment term - 10 years, Premium payment frequency – Annualized, Annualized premium - ₹69,640, Guaranteed additions at 6% of the annualized premium = ₹4178.40. Survival benefit of ₹200% of the annualized premium = ₹1,39,280. The survival benefit will be paid in the 5th year, 10th year, and 15th year. On survival till the end of the term, the remaining sum assured will be paid after deducting the survival benefits, which is ₹5,82,160. Plus, the accrued guaranteed additions of ₹83,568 (6% of ₹69,640 X 20 years) will be paid bringing the total maturity benefit to ₹6,65,728. If the life insured passes away in the 10th policy year, the full sum assured of ₹10 lakhs plus the accrued guaranteed additions of ₹41,784 (₹4178.40 X 10 years) will be paid.

SUD Life Guaranteed Money Back Plan Benefits

Here are the benefits that you get from the plan

Maturity Benefit

Guaranteed Additions

Death benefit

Why choose SUD Life Guaranteed Money Back Plan?

SUD Life Guaranteed Money Back Plan is the ideal option for you because of the following points

The guaranteed money-back benefits can provide financial liquidity every five years
Guaranteed additions enhance the maturity and death benefits
The sum assured rebate helps you enjoy affordable premiums which can be paid flexibly and also for a limited period
You can enjoy tax benefits and save more

Frequently asked questions (FAQs)

How are guaranteed additions calculated?

What is the high sum assured rebate that is available under the plan?

What happens in the case of missed premiums?

Can I revive my lapsed or reduced paid-up policy to its original benefits?

Is there any exclusion under the plan?

Guaranteed additions depend on the policy term that you choose. For a 15-year policy term, you get guaranteed additions at 5% of the annualized premium. For a 20-year policy term, you get guaranteed additions at 6% of the annualized premium.