SUD Life Samriddhi

UIN: 142N057V02 - Individual Non-Linked Deferred Participating Savings Life Insurance Plan

SUD Life Samridhi is a limited premium, non-linked, deferred participating life insurance plan that not only provides insurance coverage, but also helps you create savings for your goals. This plan offers you additional protection by way of inbuilt accidental death benefit. It is a savings-oriented life insurance plan that helps you build a corpus while providing financial protection for your family in case of premature demise. This is a well-rounded plan that combines savings growth, guaranteed benefits, and life protection to secure your family’s financial future.

Limited premium payment that helps to build a financial reserve while ensuring life protection
Offers guaranteed additions with accrued bonuses to enhance your savings
Includes built-in accidental death protection for added security
Option to avail family income benefit rider to create a regular income for your family in your absence

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What is SUD Life Samriddhi Plan?

SUD Life Samriddhi is a thoughtfully designed life insurance plan that combines the benefits of savings and financial protection. It allows you to build a corpus for your long-term financial goals through guaranteed additions and accrued bonuses, if declared. At the same time, the plan provides life insurance coverage to ensure your family’s financial security in your absence.

The plan offers flexible premium payment terms and policy terms, making it adaptable to your unique financial needs and goals. An inbuilt accidental death benefit adds an extra layer of protection, ensuring comprehensive security. Whether you are looking to save for future milestones or secure your family against life’s uncertainties, this plan provides a balanced approach to achieving both.

If you seek a reliable plan that fosters disciplined savings while offering robust life coverage, SUD Life Samriddhi can be a suitable choice. Guaranteed additions and bonuses, if declared make it a rewarding option to create savings, while the insurance aspect ensures peace of mind for you and your loved ones.

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How Does the SUD Life Samriddhi Plan Work?

On buying the SUD Life Samriddhi plan, you make a choice of the following: Policy term, Premium payment term, Basic sum assured, Premium payment frequency

1.Premium

The premium is determined based on the policy details selected, your age, medical history, and other risk factors.

2.Survival Benefit

If the life insured survives until the end of the policy term, provided the policy is in-force they will receive the basic sum assured along with accrued guaranteed additions, accrued revisionary bonus and a terminal bonus, if declared. Guaranteed Addition - 3% p.a of the basic sum assured will be attached to the policy at the end of each policy year for the first 3 policy years

3.Simple Reversionary Bonus

Simple Reversionary Bonus as a percentage of Basic Sum Assured may be declared by the Company and shall be attached to all in-force Policies from fourth policy year onwards.

4.Death Benefit

In the event of death during the policy term, provided the policy is in-force the plan ensures your family receives the death sum assured, along with any accrued guaranteed additions and accrued bonuses, if declared by the Company. If the death occurs due to an accident, an additional death benefit will be paid. The policy will cease immediately once the death benefit is paid.

5.Terminal Bonus

The Company may also declare terminal bonus depending on the performance of participating fund and recommendations of With Profits Committee, which shall be paid along with the maturity benefits and death benefits during the policy term, provided the policy is in-force.

SUD Life Samriddhi Insurance Plan Benefits

Here are the benefits that you get from the plan

Death benefit

Maturity benefit

Accidental death benefit

Why choose the SUD Life Samriddhi Plan?

SUD Life Samriddhi Plan is the ideal option for you because of the following points

It allows you to grow your savings through guaranteed additions and bonuses.
You get the dual benefit of life insurance protection and building a financial corpus for the future.
The plan provides additional coverage for accidental death, giving your family extra security.
Limited premium payments allow you to pay premiums only for a limited period.
With tax benefits on both premiums and payouts, you can enhance your disposable income.

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)

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(+91) - 7208 867122

Email

customercare@sudlife.in

Toll-Free Number

1800 266 8833
Monday to Saturday
09:00 AM to 07:00 PM

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Frequently asked questions (FAQs)

How does the rider option help in the SUD Life Samriddhi Plan?

How is the premium calculated under the SUD Life Samriddhi Insurance Plan?

Can I surrender the policy before the chosen tenure?

What are the exclusions under which accidental death benefit is not paid?

When does the risk cover begin for policies taken on behalf of minors?

SUD Life Samriddhi plan comes with an additional rider SUD Life Family Income Benefit Rider -Traditional (UIN: 142B007V01). Under this rider, If the life insured passes away and the rider is active, the nominee will receive a monthly income for 10 years, calculated as 10% of the rider sum assured divided by 12.