What is SUD Life E-Wealth Royale Plan?

When you buy SUD Life e-Wealth Royale, you choose the following details –

• Plan option
• Policy term
• Premium payment term
• Premium amount
• Premium payment frequency

The sum assured will be determined based on the premium payment term that you choose. For single pay plans, the sum assured will be 1.25 times the single premium paid. For limited and regular pay plans, it will be 10 times the annualized premium paid.

You will, then, have to choose the investment strategy for investing your premium. There are two strategies to choose from – Self-Managed Investment Strategy and Age-Based Investment Strategy.

Under this strategy, you get a choice of 11 fund options. You can invest your premium in any of these funds based on your risk appetite and investment preference. You can also switch the fund choices at your discretion.

Under this strategy, you choose your risk preference, which is aggressive or conservative. Based on your chosen risk profile, your premium will be allocated to two funds – Blue Chip Equity Fund and Gilt Fund. The allocation will then move from Blue Chip Equity Fund to Gilt Fund as your age advances. This is done to minimize risk at higher ages and protect your returns from short-term volatility. 

The premium, net of applicable charges, is invested in the chosen funds based on the investment strategy that you choose. You can make switches or withdraw funds partially during the policy tenure if needed. 

If the life insured survives till maturity, the available fund value is paid as the maturity benefit. 

If the life insured dies during the policy tenure, the death benefit is paid depending on the plan option selected. The nominee can choose to receive the death benefit in instalments through the Settlement Option feature.