SUD Life Century Royale

UIN: 142N083V05 - A Non-Linked Non-Participating Individual Savings Life Insurance Plan

SUD Life Century Royale is an endowment life insurance plan that offers three benefits - an assured life cover, guaranteed income during the policy term, and a guaranteed maturity benefit at the end. SUD Life Century Royale is an ideal plan that provides financial aid to your family in your absence. It also offers the added benefit of guaranteed income during the policy term and a maturity payout at the end.

  • Enjoy life coverage for up to 95 years
  • The income benefit creates a regular source of income
  • Choose a flexible policy term ranging from 25 to 45 years
  • Tax benefits on premium and benefits received

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What is SUD Life Century Royale Plan?

The SUD Life Century Royale plan is designed to give you peace of mind and financial security. It’s a savings plan that offers long-term life coverage while providing guaranteed income, too. An assured income starts accruing from the 10th or 15th year of the policy, depending on the premium payment term that you choose. This income is payable till the end of the policy period. Essentially, you pay premiums for a limited period, but the benefits keep flowing throughout the policy. This means you’ll have life protection in place, ensuring your loved ones are taken care of while also receiving a steady income for a set period. At the end of the policy term, you’re rewarded with a guaranteed maturity benefit.  You can also avail yourself of a loan from SUD Life during the policy term, using the policy as collateral once it has acquired a surrender value. In addition to these benefits, the plan also allows you to enjoy tax advantages under the prevailing tax laws, making it a smart choice for those looking to maximise their savings while securing their future. Whether you're planning for your family’s future or seeking a stable financial option for yourself, SUD Life Century Royale gives you the security and reliability you need. 

    Download Plan Related Documents

    Detailed information available to download

    How Does SUD Life Century Royale Work?

    1.Choosing Plan details

    Buy the SUD Life Century Royale Insurance Plan and choose the
    1. Policy term  
    2. Premium payment term  
    3. Premium amount 
    4. Premium payment frequency 

    2.Policy Benefits

    The death benefit, guaranteed income, and maturity benefits would depend on the premium payment term and the premium amount that you have chosen.

    3.Guaranteed Income

    You start receiving Guaranteed Income (GI) based on your premium payment term and policy term. For a 7-year premium term, payments start after the 10th year, and for a 12-year term, they begin after the 15th year, provided the policy is active. 

    4.Guaranteed Maturity Benefit

    If you survive until the end of the policy term and your policy remains active, you will receive a Guaranteed Maturity Benefit. The amount is based on your premium payment term and is defined as 8 times your annual premium for a 7-year term or 15 times your annual premium for a 12-year term. 

    5.Death Benefit

    If you pass away during the policy term, the Sum Assured on Death will be paid in a lump sum to your nominee. Your policy will then end, and no further benefits will be provided. 

    6.High Premium Benefit

    For annualized premium of ₹2 lakh and above, the Guaranteed Maturity Benefit payable will be increased by 1%. 

    SUD Life Century Royale Benefits

    Here are the benefits that you get from the plan

    Death Benefit

    Guaranteed Maturity Benefit

    Guaranteed Income Benefit

    High Premium Benefit

    Policy Loan

    Why choose SUD Life Century Royale Plan?

    SUD Life Century Royale Plan is the ideal option for you because of the following points
    • It has flexible policy term options
    • The payment premium term is either 7 years or 12 years
    • It offers financial protection against the risk of early death
    • You receive continuous support of Guaranteed Income during the pay-out period
    • Once policy term ends, you receive a Guaranteed Maturity amount, provided the policy is inforce on maturity
    • You can enjoy tax benefits both on the premiums paid and the benefits received

    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

    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.

    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
    And Many More.
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    Toll-Free Number

    1800 266 8833
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    Frequently asked questions (FAQs)

    1. How is the Sum Assured on Death defined under the SUD Life Century Royale Insurance Plan?
    2. How is the Guaranteed Income calculated and paid?
    3. Will I receive a grace period to pay any missed premiums?
    4. How can I revive a lapsed life insurance plan?
    5. What happens if the life assured happens to die by committing suicide within the first 12 months of the policy?
    6. What happens if I surrender my policy before its tenure?

    The Sum Assured on Death is highest of the following: 

    ● 10 times the annualized premium 

    ● 10 times the annual premium 

    ● 105% of the total premiums paid till the date of death of the insured 

    ● The absolute sum assured^ at the date of death 

    ^Absolute sum is 10 times the annualized premium throughout the policy term in case of payment premium term of 7 years. For policies with payment premium term of 12-year, it is 10 times the annualized premium period during the first policy year increasing at each policy anniversary uniformly up to 15 times of the Annualized Premium during the premium payment term. From 12th Policy Year Sum Assured will be 15 times the Annualized Premium throughout the Policy Term.

    Disclaimers