SUD Life Simple Term Plan

UIN: 142N095V01 | A Non-Linked Non-Participating Pure Risk Premium Individual Life Insurance Plan

SUD Life Simple Term Plan is a non-linked, non-participating pure risk individual life insurance plan that provides economic security to your family at a reasonable rate when you are no longer around. SUD Life Simple Term Plan provides financial protection for your family at a nominal premium, making it a perfect solution to strengthen your financial immunity and securing your family's dreams in your absence.

Life Insurance Protection at a nominal premium
Flexibility to choose Sum Assured and Policy Term
Receive Death Benefit as Lumpsum
Available online through our website^

Buy SUD Life Simple Term Plan Online

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What is SUD Life Simple Term Plan?

SUD Life Simple Term Plan is a Pure Risk Term Life Insurance Plan which is provides life insurance cover to an individual and lump sum payment in case of unfortunate death. The premium payment term is same as Policy Term. While applying for this product, the Policyholder will have to choose the Sum Assured and the Premium will be is calculated based on his/her Age, Sum Assured, Policy Term.

Download Plan Related Documents

Product Brochure

Policy Presentation

Policy Document

Customer Information Sheet

How Does SUD Life Simple Term Plan Work?

Once you buy the SUD Life Simple Term Plan, you must choose the following details: Sum assured, Policy Term.

1.Premium

The premium payment frequency of this plan is annual. The premium payment term aligns with the policy term. The premium amount is decided based on the life insured’s age, policy term and the sum assured.

2.Death Benefit

In case of the life insured’s untimely death, a lump sum amount is paid as death benefit to the nominee. This amount will be the highest of: 10 times the annual premium OR 105% of premiums paid till death of life insured OR Sum assured as selected at the beginning of the plan.

3.Maturity Benefit

As this is a pure risk product, no maturity benefit will be payable on survival at policy maturity. The policy will terminate.

4.Example

A man aged 35 years purchased the SUD Life Simple Term Plan. The plan details are as follows: Sum assured - ₹20 lacs, Policy Term – 10 years, Premium payment term – 10 years, Premium frequency – Annual, Annual premium - ₹4,020 (excl. taxes). In case of the unfortunate demise of the man during the policy period, death benefit of ₹20 lacs will be payable to his family.

SUD Life Simple Term Plan Benefits

Here are the benefits that you get from the plan

Death benefit

Economical Premium

Flexible Policy Terms

Why choose SUD Life Simple Term Plan?

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

It financially safeguards your family in case of your untimely demise.
You pay affordable premium amount once a year.
You can avail of benefits on premiums under tax laws.
Purchasing the plan online will give you further discounts.

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.