Skip Navigation Links Home > Products > Individual Products > Savings Plans > SUD Life - Praptee

SUD Life – Praptee

​​​​​​​​​​​​SUD Life - Praptee is a Non-Linked Non-Participating Money b​ack Protection Cum Savings ​Life Insurance Plan that gives increasing money back payouts at regular interval of 3 years to keep pace with your growing lifestyle needs

Increasing money back every 3 years starting third policy anniversary^​

Choice of 3 different Premium Payment Terms – 6,8 & 10 years

Product that will keep pace with your growing lifestyle needs

Income tax benefits are as per Section 80C and Section 10(10D) of The Income Tax Act, 1961* subject to conditions stipulated therein

​^ On survival for In Force policy
* tax benefits are as per the prevailing tax laws and subject to change from time to time.

Basic Sum Assured

The minimum Basic Sum Assured is Rs. 2.5 Lakhs and maximum Basic Sum Assured is Rs.100 Crores (subject to Board approved underwriting policy). Basic Sum Assured should be in multiples of Rs.1000

Premium Payment Term and Policy Term

This plan offers you the flexibility to choose from various combinations of Policy Term and Premium Payment Term.

Premium Payment TermsPolicy Term
6 and 8 Years12 , 15 and 18 Years
10 Years15 and 18 Years

Premium Payment Modes

Premium can be paid on Monthly*/ Quarterly*/ Half-Yearly / Yearly basis

* Monthly and quarterly modes are only through ECS/SI

Maturity Benefit

On survival of the Life Assured to the end of the Policy Term, provided the policy is in-force, Guaranteed Maturity Benefit​ equal to the Basic Sum Assured will be paid and the contract ceases immediately.

Survival Benefit

Money Back Benefits as a percentage of the Basic Sum Assured will be paid at regular intervals of 3 years, starting from the third policy anniversary, on survival of Life Assured provided the policy is in-force on the respective policy anniversary.
The Money Back payout benefits applicable are as follows:
​​​​​​​​Policy Annive​rsaryMoney Back as a % of Basic Sum Assured
Policy Term
​​12​​1518
310%10%10%
615%15%15%
925%20%20%
12NA30%25%
15NANA30%

Death Benefit

On death of the Life Assured during the Policy Term, provided the policy is in-forc​e, the Death Sum Assured​ as defined below will be paid and the contract ceases immediately.
Death Sum Assured is defined as higher of:
​​​
10 times the Annualized Premium OR
105% of all the premiums paid as on date of death of the Life Assured OR
Guaranteed Maturity Benefit (i.e Basic Sum Assured) OR
Absolute amount assured to be paid on death (i.e. Basic Sum Assured)

​Where, Annualized Premium for the purpose of Death Sum Assured refers to premium payable in a year excluding any extra premium and loading ​for modal factors, if any.

​The death benefit will be reduced by the total premiums falling due and unpaid during the policy year in which death occurs.

​​

Entry Age

Life Assured: 8 – 50 years ( age last birthday )

Maximum Maturity Age

Life Assured: 68 years ( age last birthday )​
​​
​  Facebook Twitter LinkedIn  

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.

This site is best viewed in IE 8.0 and above and in 1024x768 monitor resolution.

Trademark used under license from the respective owners.

© Star Union Dai-ichi Life Insurance Company Limited. All rights reserved.