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SUD Life Immediate Annuity Plus

​SUD Life Immediate Annuity Plus is a Non-Linked, Non-Participating Individual Immediate Annuity plan, which assures a regular stream of income as per the plan option chosen.

Lifelong income with 3 Plan Options to choose from

Plan Option A-
Purchase Immediate Annuity either from your savings or from the policy proceeds of any Deferred Pension Plan (issued by SUD Life).
Choose from 9 Annuity options.
Plan Option B-
Purchase Immediate Annuity from the proceeds of Reverse Mortgage loan offered by any approved financial institution as mentioned in the Gazette of India.
Choose from 2 Annuity options.​
Plan Option C-
Purchase Immediate Annuity from proceeds of National Pension Scheme.
NPS subscribers who have opted for default option, Annuity option 6 shall be applicable.​
Annuity Option 2 can also be utilized for the default option (in case of no spouse).​

Annuity Options

Plan Option A: 9 Annuity options to choose from :
Life Annuity
Life Annuity with Return of Purchase Price
Increasing Life Annuity with Return of Purchase Price
Joint Life Annuity (50%)
Joint Life Annuity (100%)
Joint Life Annuity (100%) with Return of Purchase Price
Annuity certain for 10 years
Annuity certain for 15 years
Annuity certain for 20 years ​

Plan Option B: 2 Annuity options to choose from :
Life Annuity with Return of Purchase Price
Joint Life Annuity (100%) with Return of Purchase Price​

Plan Option C: 2 Annuity options to choose from :
Life Annuity with Return of Purchase Price (Default option)
Joint Life Annuity (100%) with Return of Purchase Price (In case of no spouse)

Minimum Annuity Applicable

Mode of An​nuity ​​Payment​​​Min Annuity Amount
​​​YearlyRs.12000
Half-YearlyRs.6000
QuarterlyRs.3000
​MonthlyRs.1000

Age at Entry

Plan Option A
Minimum- In case of purchase of annuity with policy proceeds from any of SUD Life deferred pension plans, the minimum entry age of annuitant is 0 Years
In case of purchase of annuity with policy proceeds from any other deferred pension plans or from policy holder’s savings (i.e. through Open Market Purchase Option) the minimum entry age of annuitant is 45 Years.
Maximum- 99 Years.
Plan Option B
Minimum- For policies purchased through Reverse Mortgage Loan: 60 Years age last birthday.
Maximum- 99 Years age last birthday.
Plan Option C
Minimum- 45 Years.
Maximum- 99 Years.
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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 / 71966200, Fax No.: 39472811, CIN No: U66010MH2007PLC174472.

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