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SUD Life Assured Income Plan

​​​​​​​As we progress in our lives, our responsibilities grow, and so do our expenses. To take care of these growing needs, Star Union Dai-ichi Life Insurance presents to you- SUD Life Assured Income Plan. This life insurance endowment plan allows you to choose a guaranteed tax free supplementary income for future, while ensuring a strong financial protection for your family in case of uncertainties.

Guaranteed tax free^ annual income in future to meet your growing needs

Get all your premiums back* at the end of policy term

Immediate lump sum as well as regular income to the family in case of uncertainties

Income tax benefits are as per Section 80C and Section 10(10D) of the Income Tax Act, 1961

^ Tax benefits are subject to change in tax laws from time to time. Prevailing benefits would be applicable as per the prevailing laws. Please consult your tax advisor for details.

* Excluding GST and extra premium, if any.

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Basic Sum Assured

Minimum Annual Payout: Rs. 24,000
Maximum Annual Payout: Rs. 50,00,000​

Premium Payment Term :Premium Paying Term Options of 10 or 15 Years

Policy Term:Policy Term of 20 to 35 Years​​

Premium Payment modes

You can pay your premium Monthly*/ Quarterly/ Half-Yearly / Yearly based on your income flow.
* Monthly modes are only through ECS/SI

Maturity Benefit:

Maturity Benefit= Return of all premiums*
*Excluding GST and extra premium, if any

Deferement Period: Deferment period: 0 or 5 years

Death Benefit:​

Death during PPT and Deferment PeriodDeath during Payout Period
Death Sum Assured* + Additional Annual Payout + Scheduled Annual PayoutDeath Sum Assured + Schedule Annual Payout

*Death Sum Assured= 10 times of the Annualized Premium (excluding extra premium, GST and loading for modal factors, if any) or 105% of all the premiums paid (excluding GST and extra premium, if any) as on the date of death of the Life Assured or Guaranteed Maturity Benefit ( For 10 years premium payment term = 10 X Annualized Premium# and for 15 years premium payment term= 15 X Annualized Premium#) or Absolute amount assured to be paid on death (for 10 years premium payment term= 11 X annualized premium rounded up to next Rs. 1000 and for 15 years premium payment term= 16 X annualized premium rounded up to next Rs. 1000), whichever is the highest.

Age at entry- Life Assured: 8 – 55 years ( age last birthday )

Maximum age at maturity- Life Assured: 75 years ( age last birthday )

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Telephone No.: 022-39546200 / 71966200, Fax No.: 39472811, CIN No: U66010MH2007PLC174472.

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