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SUD Life Century Plus

SUD Life Century Plus is a Limited Premium Non-Linked Non-Participating Endowment Life Insurance Plan that offers protection for your family in case of unfortunate death. The plan also offers flexibility to withdraw from 11th year with attractive surrender benefits and guaranteed maturity benefits*

Limited Premium Payment Term of 5 Years

Flexibility to withdraw from 11th year with attractive surrender benefits

Guaranteed Maturity Benefits*

Insurance cover with riders related to accident and disability

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

*Payable at the end of maturity term, on survival of life assured and policy is in force.
 
 
 

Policy Term:

Minimum 10 years
Maximum 16 years

Premium Paying Term:

Limited Pay for 5 Years.

Sum Assured:

Minimum: 10 lakhs
Maximum: 20 crores

Premium Payment modes:

Only Annual Premium Payment option is available with this product.

Maturity Benefit:

On survival of the Life Assured to the end of the Policy Term, provided the policy is In-force, Guaranteed Maturity Benefit shall be payable basis the age and policy term as chosen by the policy holder.
Please refer to Guaranteed Maturity Benefit table in download section

Death Benefit:

In case of death of the life assured, Death Benefit is immediately payable, and your policy will be terminated and no further benefits will be paid.

Sum Assured on Death is defined as highest of:
10 times of Annualized Premium OR
105% of all the premium paid as on date of death OR
Minimum Guaranteed Maturity Benefit OR
Absolute amount assured to be paid on death

Where, Annualized Premium for Sum Assured on Death refers to premium payable in a year excluding any extra premium, if any.
The death benefit will be reduced by the total premiums falling due and unpaid during the policy year in which death occurs.
ParametersMinimumMaximum
Age at Entry (last birthday)8 years50 years
Age at Maturity (last birthday)18 years66 years
Sum Assured on Death (Rs.)10,00,00020,00,00,000
Annualized Premium (Rs.)1,00,0002,00,00,000
Policy Term (years)1016
Premium Payment Term (years)5 years
Premium Payment ModesYearly
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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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