Loan Suraksha

You may have taken up a loan to purchase a house, a car or any other thing that enables you to lead a comfortable life with your family. But what if you meet with an untimely event and the outstanding loan is passed on to your loved ones?

Now you can lead a worry free life with SUD Life's Loan Suraksha Plan, which is an affordable term insurance plan, to insure you against the uncertainties and ensure that your family doesn’t have to bear the burden of outstanding loan in case of your unfortunate demise.

Coverage against existing & new loans to ensure that your liabilities are not passed on to your loved ones

Decreasing term insurance plan at an affordable premium

Avail coverage during moratorium period of your loan

Option for coverage of Joint borrowers

Income Tax benefits under section 80(C) & 10 (10D)*

Special discount for High Sum Assured and for Joint borrowers

* 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.

Minimum Age at Entry

18-65 years

Maximum Age at Maturity

70 years

Term of Loan to be Covered

2-30 years (based on type of loan)

Moratorium Period

6-60 months

Minimum Sum Assured

Home Loans/ Mortgage Loans Vehicle Loans Personal/ Consumer/ Other Retail Loans
Rs.5 lacs Rs.2 lacs Rs.1 lac

Maximum Sum Assured

Rs.100 crores

Premium payment mode

Single (One time)
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