SUD Life Saral Jeevan Bima

UIN - 142N079V01 | A Non-linked Non-participating Individual Pure Risk Premium Life Insurance Plan

SUD Life Saral Jeevan Bima is a pure risk term life insurance plan designed to provide financial security to your family in the event of your untimely demise. SUD Life Saral Jeevan Bima is a simple term insurance plan designed to offer essential financial protection for your entire family in case of your unfortunate passing. SUD Life Saral Jeevan Bima is a simple and reliable protection solution for your family, even when you are not around.

Long-term plan with standard guidelines
Flexible policy duration ranging from 5 years to 40 years
Various premium payment term options to choose from as per your financial situation
Eligible for individuals aged 18 to 65 years

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What is SUD Life Saral Jeevan Bima Plan?

Imagine the SUD Life Saral Jeevan Bima plan as a shield that stands between your family and life's unexpected challenges. For instance, if you're the primary earner in your household, your income supports everyday expenses, clears debts, and ensures your children's future. Now, think of the potential financial void if something unfortunate were to happen to you. This plan acts like a tool providing financial security which steps in to provide a lump sum amount to your family in your absence, ensuring their lifestyle remains unaffected, and their dreams stay intact.

With SUD Life Saral Jeevan Bima, you secure a safety net that’s simple yet effective. It offers pure protection against the uncertainty of premature demise by ensuring your loved ones receive financial support when they need it the most. Additionally, the premiums you pay are eligible for tax benefits under the Income Tax Act of 1961, making this plan a smart choice for both your family’s future and your financial planning.

SUD Life Saral Jeevan Bima Plan Benefits

Here are the benefits that you get from the plan

Death benefit

Policy Cancellation Value (PCV)

Maturity Benefit

How Does SUD Life Saral Jeevan Bima Plan Work?

Opt for the SUD Life Saral Jeevan Bima plan and tailor it to your needs by selecting: Sum Assured, Policy term, Premium Payment Term

1.Premium Calculation

The premium is determined based on factors such as your age, gender, health risks, and the premium payment term as you choose. By paying the premium for the selected duration, you can enjoy uninterrupted life insurance coverage.

2.Death Benefit

In the unfortunate event of your passing during the policy tenure, the Death Benefit will be paid to the nominee as a lump sum, providing them with essential financial support in your absence.

3.Maturity

Since this is a pure protection plan, no maturity benefit is payable if you outlive the policy term. It’s designed to ensure maximum financial security for your loved ones when they need it most.

4.Illustration

A man aged 30 years buys the SUD Life Saral Jeevan Bima plan for a period of 20 years. The policy details are as follows: Sum assured - ₹20 lakhs, Premium payment term – 20 years, Premium payment frequency – Annual, Annual premium - ₹5,000 (excluding tax). In the 10th year, the life insured passes away. The total premium paid before death is ₹50,000. The plan will pay the Sum Assured on Death, i.e. ₹20 lakhs.

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Why choose SUD Life Saral Jeevan Bima?

SUD Life Saral Jeevan Bima Plan is the ideal option for you because of the following points

It offers affordable premiums
It ensures financial protection against the risk of untimely death
The plan can be purchased easily online
You receive long-term coverage
You can choose from various premium payment options depending on your financial situation.
You can avail tax benefit on the premiums paid

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)

TESTIMONIALS

Know why customers buy Life Insurance from us

Best Insurance Claim Support Team

Choosing SUD Life Insurance was one of the best decisions I've made for my family's future. Their attentive team made the entire process seamless, ensuring I found the perfect plan tailored to my needs.

Ramprakash Shivram Yadav

Companies in India for Life Insurance Policy with a Wide Reach

Suresh Gajanan Patil

PMJJBY Claim

I have visit at Nanded Branch for pmjjby death claim documents submitted i very thankful mr.. akash sir my uncle Pmjjby death payment received at 3dyas.

Yash Thakur

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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 is the Sum Assured on Death defined under the SUD Life Saral Jeevan Bima Insurance Plan?

What is the waiting period for the SUD Life Saral Jeevan Bima Plan?

Can I cancel the SUD Life Saral Jeevan Bima Plan before the policy term ends?

Are there any policy exclusions that I should know about?

What are the premium payment options available under the SUD Life Saral Jeevan Bima Plan?

How can I revive a lapsed policy?

The Sum Assured on Death under the SUD Life Saral Jeevan Bima is defined differently based on the premium payment term; For regular, 5/ 10 years premium payment term, it is the highest of the following: 10 times the annualized premium; or, 105% of total premiums paid until date of death of life assured, Absolute amount assured i.e. the sum assured is chosen at the time of policy purchase. For Single Pay policies, the Sum Assured on Death is the higher of: 125% of the single premium, Absolute amount assured i.e. the sum assured is chosen at the time of policy purchase.