SUD Life Abhay

​​​​​​​​​SUD Life Abhay is a Non-Linked Non- Participating term assurance plan that offers protection for your family in case of unfortunate death. One can choose between availing a life cover or a life cover with return of premium option. It comes with three different types of pay-out options which you can choose as per your needs There is also SUD Life Accidental Death and Total & Permanent Disability benefit rider available along with this plan.​

The flexibility to choose from 2 plan options:

Life cover
Life cover with Return of Premium

3 death benefit payout options to choose from:

Lumpsum
Monthly Income
Lumpsum plus monthly income ​

Maximum policy term of 40 years

Maximum life cover is Rs.100 crores

Wider age at entry with eligibility from 18 – 65 years(Age last birthday)

Maximum age at maturity is 80 years

Tax benefits^ under Section 80C & Section 10(10D)

^Tax benefits are subject to change in tax laws from time to time. Prevailing benefits would be applicable as per the prevailing laws from time to time

​​​​

Policy Term:

Minimum 15 years
Maximum 40 years​

Premium Paying Term:

Single Premium,Regular Premium, Limited Premium 5/10/15 pay
                 (For 15 pay, minimum policy term is 20 years)

Sum Assured:

Minimum: 50 lakhs ​
Maximum: 100 crores ​

Premium Payment modes:

Only Yearly premium option is available with this product. ​

Maturity Benefit:

In case of a Life cover option, there is no maturity benefit available. In case of a Life cover with Return of Premium option, at the end of the policy term, all the premiums are returned, if the Life Assured survives till the end of policy term. ​

Death Benefit:

In case of death of life assured during the policy term, Sum assured on death will be paid to the nominee as per death benefit payout option: ​

In case of Regular pay, 5/10/15 pay

        Sum assured is highest of ​
10 times annualized premium OR ​
105% of all premiums paid as on date of death OR ​
Guaranteed maturity benefit (Nil for Life Cover option; Total premiums paid excluding GST and extra premium for Life cover with Return of Premium option) OR​​
Basic Sum Assured
       ​(where, annualized premium refers to premium payable in a year excluding any extra premium &loading for modal factors, if any)

In case of Single Premium

       Sum assured is highest of ​
125% of Single premium OR​​
Guaranteed maturity benefit (Nil for Life Cover option; Total premiums paid excluding GST and extra premium for Life cover with Return of Premium option) OR​
Basic Sum Assured​​

      The plan offers a choice of three different pay-out options. The death benefit will be paid as per the pay-out option chosen by you:
Lumpsum – Under this option, death benefit will be paid in lumpsum ​
Monthly Income – Under this option, monthly income benefit of 1% of the death benefit will be paid every month for a fixed period of 125 months, starting from next policy month anniversary following the date of death ​
Lumpsum plus monthly income – Under this option ,50% of death benefit will be paid as lumpsum immediately & monthly income benefit of 0.5% of the death benefit will be paid every month for a fixed period of 125 months, starting from next policy month anniversary following the date of death​

Entry Age:

Life Assured: 18 – 65 years (age last birthday)
Maximum Maturity Age: ​Life Assured: m​in 33 & max 80 years (age last birthday)
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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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