What is SUD Life Fortune Plus Plan?

You start by selecting the plan variant, the premium payment term of 7, 10 or 12 years, and the policy term which can range from 15 to 40 years depending on the plan option you opt for. You also decide the premium amount and how often you wish to pay it, which can be monthly, quarterly, half-yearly or annually.

Once the policy begins, life insurance coverage is active for the entire policy term. This ensures that your family receives financial protection through the death benefit, regardless of the plan variant you have chosen.

At the end of the policy term, you receive the Guaranteed Payout at Maturity (Sum  Assured at Maturity). This forms the foundation of the plan and gives you the certainty of a fixed amount at maturity, with the potential for additional bonuses.

In addition to the maturity payout, the Retire Plus option offers a survival benefit in the form of regular guaranteed income during the policy term. This income flow may be further enhanced with cash bonuses if declared, making it especially useful for retirement planning.

A Simple Reversionary Bonus, if declared, starts accruing from the 6th policy year onwards and becomes guaranteed once added. The Retire Plus option may also provide a cash bonus every year after the premium payment term. A Terminal Bonus may also be declared at maturity, on death, or on surrender.

You have a grace period to pay premiums; the policy continues on reduced paid-up terms if you cannot pay in full, and surrender value is available if you exit early. You can also avail a loan against your policy, and for added value, higher benefits are provided on online purchase or when you pay higher premiums.