SUD Life e-Lifeline Term Insurance Plan

UIN: 142N092V01 | A Non-Linked Non-Participating Individual Pure Risk Life Insurance plan

SUD e-Lifeline Term Insurance Plan is a protection-oriented life insurance plan which provides a lump sum death benefit that can help your family in your absence. SUD e-Lifeline Term Insurance Plan helps you to provide coverage for your life and protect your family from any financial crunches in case something happens to you. It basically you to create a Plan B for your family if you are not around!

Enjoy life coverage for up to 70 years
Get special premium rates for women
A flexible policy term ranging from 10 to 40 years
Tax benefits on premium and death benefits

Buy SUD Life e-Lifeline Term Insurance Plan Online

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What is SUD Life e-Lifeline Term Insurance Plan?

Think of the SUD e-Lifeline Term Insurance Plan as your family's safety net. It works like an umbrella under which your family is protected from the unexpected turn of events in life. For example, if you are the main breadwinner and something unfortunate happens to you. In due course, without your income, they could suffer serious financial distress-suffers trouble in paying for day-to-day expenses, paying off loans, or children's education. This life insurance product works like a godfather who takes care of their expenses and helps them to maintain their earlier life even in your biological absence to provide for them.

So, with the SUD e-Lifeline Term Insurance Plan, you get complete financial protection. It covers the risk of premature demise and pays a lump sum death benefit to your family. Thus, you can get affordable, long-term coverage, which also helps you to save taxes under the Income Tax Act of 1961 for the premium payment. That’s a complete win-win situation, right?

Download Plan Related Documents

Detailed information available to download

How Does SUD Life e-Lifeline Term Insurance Plan Work?

1.Choose Sum Assured and Policy Term

Before you opt for buying the plan, decide your
1. Sum assured (coverage amount)
2. Policy term

2.Premium

The annual premium will then be calculated based on your age, gender, risk factors, policy details selected, etc. You need to pay the premium over the chosen policy term to get the coverage.

3.Death Benefit

In the case of death during the policy tenure, the Sum Assured on Death will be paid to the policyholder in a lump sum. This benefit will give your family financial assistance in your absence.

4.No Maturity Benefit

However, if you survive the policy tenure and the plan matures, no maturity benefit will be paid since this is a pure-term plan or a protection-only plan!

5.Example

A man aged 30 years buys the SUD Life e-Lifeline Term Insurance Plan for a period of 20 years. The policy details are as follows: Sum assured - ₹50 lakhs, Premium payment term – 20 years, Premium payment frequency – Annual, Annual premium - ₹8,800 (excluding tax). In the 10th year, the life insured passes away. The total premium paid before death is ₹88,000. The plan will pay the Sum Assured on Death, i.e. ₹50 lakhs.

SUD Life e-Lifeline Term Insurance Plan Benefits

Here are the benefits that you get from the plan

Death Benefit

Eligibility Criteria

Why choose SUD Life e-Lifeline Term Insurance Plan?

SUD e-Lifeline Term Insurance Plan is the ideal option for you because of the following points

It has affordable premiums
It provides financial security against the risk of premature demise
You can buy the plan online in a few clicks
You can get long-term coverage
You can save taxes 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

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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.

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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.