Life is uncertain. While you might make elaborate financial plans for your and your loved ones’ future, a sudden emergency might disrupt them all. That is why, while you look for investment avenues, insurance becomes imperative to secure your and your family’s financial future. When it comes to insurance, life insurance becomes essential.

Life insurance plans provide coverage against the risk of premature demise and provide a tool for financial protection. Plus, if you choose savings-oriented life insurance plans, like endowment plans, you can save for your financial goals along with enjoying life insurance coverage.

An endowment insurance plan is a type of life insurance plan which serves the dual purpose of savings and insurance protection. The policy pays a death benefit if the life insured passes away prematurely during the policy tenure. On the other hand, if the insured survives the tenure, a maturity benefit is paid.

There are participating endowment plans which also offer bonus additions during the policy tenure. These bonus additions add to the corpus and enhance your savings.

Go looking for endowment insurance plans and you will find a lot of options in the market. Among the available plans, Star Union Dai-ichi Life Fortune Royale stands out with its comprehensive range of benefits and multiple coverage options. Let’s see what makes Fortune Royale better than the best savings plans –

1.Three benefit options
Fortune Royale offers three benefit options to choose from. These are as follows –

Benefit Option	Meaning
Income Benefit	Under this benefit, you start receiving the bonus earned on the policy as regular income. This income is paid one year after the premium paying term ends and till the end of the policy tenure
Lump Sum Benefit	You earn guaranteed additions and bonuses during the policy tenure which are accumulated with the plan benefit. On maturity or premature demise, the accumulated benefits are paid
Child Future Secure	This benefit offers the premium waiver facility wherein the premium is waived if the policyholder dies or becomes disabled in an accident. The policy, however, continues till the maturity or death of the insured and pays the maturity or death benefit as promised

You can assess these options and choose a benefit which suits your needs and requirements.

2. Guaranteed additions
Under the Lump Sum and Child Future Secure benefit options, there are guaranteed additions which are added to the policy corpus. These additions are calculated as a percentage of the premium amount and are paid till the premium paying tenure.

3. Bonus additions
Being a participating endowment plan, Fortune Royale also earns bonus declarations as and when made by the company. A simple reversionary bonus is added one year after the premium payment term is over and till the end of the policy term if declared and if the premiums are paid. Moreover, you might also get to earn a terminal bonus on maturity or premature demise.

4. Secures child’s future
The third benefit option of Child Future Secure is essentially a financial planning tool for your child’s future. As a parent, if you buy the policy for your child and become the policyholder, the Child Future Secure option would ensure the continuity of the plan even when you are not able to pay the premium. This would help you create a secured corpus for your child’s future whether or not you are financially able to do so yourself.
Confused?

Here’s a simple example for more clarity.
Mr Verma buys the Fortune Royale Plan and chooses the Child Future Secure option. He is the policyholder while his son, aged 15 years, is the life insured. The details of the policy are as follows –

Policy Term	11 years
Premium Payment Term	5 years
Annual Premium	Rs. 1,00,000
Basic Sum Assured	Rs. 10,50,000
Sum Assured on Maturity	Rs. 5,39,360 (assuming growth of 4%)
Guaranteed Additions Accrued	Rs. 7,500
Reversionary Bonus Declared	Rs. 46,601
Terminal Bonus (Assumed)	Rs. 5,394

Mr. Verma passes away in the 3rd policy year after which the premiums get waived off but the policy continues. If his son survives till maturity, he receives a maturity benefit of Rs.5,98,854 (sum assured on maturity + accrued guaranteed additions + reversionary bonus + terminal bonus). Thus, his child can pursue his dream of higher education even when the father is not around.

5. Suitable for different goals
The different benefit options and the plan as a whole can help you plan for the different financial goals that you might have. Here’s how –

Financial Goals	How Fortune Royale Can Help
Income Protection	Insurance protection against premature demise
Planning for a Child’s Future	The Child Future Secure option available under the plan
Saving for Buying a Home or Any Other Goal	The Lump Sum Benefit option available under the plan helps in accumulating the savings to get a lump sum benefit on death or maturity
Source of Regular Income for Boosting Income or After Retirement	The Income Benefit can help in generating regular incomes after the premium payment term

6. Loan facility
To add a cherry to the cake, Fortune Royale also offers a loan facility for your sudden financial needs. You can withdraw up to 70% of the surrender value as a loan and meet your needs without compromising on the insurance coverage.

Different needs, one solution – SUD Life Fortune Royale. Get the perfect trifecta of savings, insurance protection and flexible coverage options with Fortune Royale. Create a corpus for the different goals that you have and also save tax in the process.

Reference: SUD Life Fortune Royale | UIN: 142N086V01

Star Union Dai-ichi Life Insurance Company Limited IRDAI Regn. No: 142 | CIN: U66010MH2007PLC174472

Registered Office: 11th Floor, Vishwaroop I.T. Park, Plot No. 34, 35 & 38, Sector 30A of IIP, Vashi, Navi Mumbai – 400 703 | Contact No: +91 22 7196 6200 | 1800 266 8833 (Toll Free) | Timing: 9:00 am – 7:00 pm (Mon – Sat)| Email ID: customercare@sudlife.in | Visit: www.sudlife.in | For more details on risk factors, terms and conditions, please refer to the sales brochure carefully, before concluding the sale. |Trade-logo displayed belongs to M/s Bank of India, M/s Union Bank of India and M/s Dai-ichi Life International Holdings LLC and are being used by Star Union Dai-ichi Life Insurance Co. Ltd. under license.

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