What is SUD Life Wealth Creator Plan?

This option gives you complete control over your investments with a selection of eight different funds. You can pick the funds that align with your personal risk tolerance and investment goals and have the flexibility to switch between them whenever you choose.

With this strategy, you select whether you want to be more aggressive or conservative with your investments. Based on your chosen risk level, your premium is allocated to two funds: the Blue Chip Equity Fund and the Gilt Fund. As you get older, the allocation gradually shifts from the equity-focused Blue Chip fund to the more stable Gilt Fund, helping reduce potential risks and protect your returns from market volatility.

The premiums you pay, after deducting applicable charges, are invested in the selected funds based on your chosen investment strategy. During the policy period, you have the flexibility to switch between funds or make partial withdrawals when necessary. Starting from the 11th policy year, an additional 1% of the annualized premium will be credited to the fund for each premium paid within the grace period. 

If the insured person passes away during the policy, the death benefit will be the highest of the following: Sum assured under the base plan, minus relevant partial withdrawals made within the last two years. Fund value under the base plan on the date of intimation of the life assured's death. 105% of the total base premiums paid. #The Sum Assured shall be reduced to the extent of the partial withdrawals made during the two-year period immediately preceding the death of the life assured. The nominee has the option to receive the death benefit in instalments through the Settlement Option.

If the life insured survives the policy term and the policy is inforce, the accumulated fund value is paid as the maturity benefit. Also, the total mortality charges deducted during the policy term will be returned as Return of Mortality Charges (RoMC).