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SUD Life New Aashiana Suraksha

​​​​​This is a Limited Premium Group Credit Life Insurance Plan which provides insurance cover on the outstanding loan amount for home and mortgage loan customers.

Safeguards your family against financial burden of loan liability when you not around

Ensures the assets created by you remains with your loved one’s and loan amount is settled easily

Affordable premiums to cover you throughout the loan term

Flexibility to choose from various Premium Payment Term options

Coverage during moratorium period with or without payment of interest

Option to cover joint borrowers

Option to cover both lives on proportionate basis

Income tax rebate U/s 80C and 10(10D) of Income tax Act, 1961 &

&Tax benefits are as per the prevailing tax laws and subject to change from time to time

Sum Assured

Min: Rs.5 Lakh
Max: Rs.100 Crores

Premium Payment Term and Policy Term

Premium Payment Term (PPT)Policy Term
5 Years10 to 30 Years
7 Years10 to 30 Years
10 Years15 to 30 Years

Premium Payment Modes:

Monthly
Yearly

Entry Age

18- 65 years (age last birthday)

Maximum Cover Age

75 years (age last birthday)

Product Brochure​​

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Registered with IRDAI as Life Insurance Company, Registration No. 142.

Registered Office : 11th Floor, Vishwaroop I.T . Park, Plot No. 34, 35 & 38, Sector: 30A of IIP, Vashi, Navi Mumbai – 400 703.

Telephone No.: 022-39546200, Fax No.: 39472811, CIN No: U66010MH2007PLC174472.

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