SUD Life Protect Shield Plus

UIN: 142N088V03 A Non-Linked Non-Participating Pure Risk Premium Individual Life Insurance Plan

SUD Protect Shield Plus is a protection-oriented life insurance plan which provides financial protection at affordable premiums. SUD Protect Shield Plus is a simple term plan that gives peace of mind in unforeseen situations. With long-term coverage against the risk of premature demise, the plan allows you to provide financial security to your family in your absence. In other words, with the SUD Protect Shield Plus, your family is financially taken care of even when you are not around.

Enjoy life coverage for up to 80 years
Nominal premium rates and lump sum death benefit
Choose your sum assured, policy term and premium payment term
Tax benefits on premium and death benefits

Buy SUD Life Protect Shield Plus Online

Your First Name * *

Last Name * *

Date of Birth

Email ID*

Mobile Number*

+91

We don’t spam

I hereby consent to receive policy related communication from SUD Life Insurance Co. Ltd or its authorized representatives via Call, SMS, Email & Voice over Internet Protocol (VoIP) including WhatsApp

I hereby consent to receive policyClick here

What is SUD Life Protect Shield Plus Plan?

A term insurance plan is a protection-oriented plan which provides financial protection to the family in the breadwinner’s absence. SUD Protect Shield Plus does the same. It is also a term plan which offers optimal coverage at affordable premiums. It gives you the flexibility to choose the coverage level, the policy term and the premium payment term so that you can tailor the plan to your needs. SUD Life Protect Shield Plus pays a death benefit if the life insured dies during the policy term. This death benefit can give your family much-needed financial assistance when you are not around. They can use the funds to meet their lifestyle needs, to pay off existing loans, and even to fulfil the financial goals that they left unfulfilled.   So, with the SUD Life Protect Shield Plus, you can get financial protection at an affordable cost and give security to your family. Plus, the long-term coverage provides optimal protection. The icing on the cake is tax saving. You can save taxes under the Income Tax Act of 1961 for premium payments, and the death benefit is also tax-free income.

Download Plan Related Documents

Detailed information available to download

How Does SUD Life Protect Shield Plus Work?

1.

When you buy the SUD Protect Shield Plus plan, you choose your
1. Sum assured (coverage amount)
2. Policy term
3. Premium payment term

2.

The annual premium will be calculated based on your age, gender, risk factors, policy details selected, etc. You need to pay the premium over the chosen policy term and in the chosen premium payment frequency. Once the premium is paid and the policy is issued, your coverage begins.

3.

If the life insured happens to pass away during the chosen policy tenure, the death benefit is paid in a lump sum. This benefit will give your family financial assistance in your absence.

4.

However, if the life insured manages to survive the policy tenure and the plan matures, no maturity benefit will be paid since this is a pure-term plan or a protection-only plan!

5.

There is a 90-day waiting period for the Death Benefit after risk acceptance. If you die in an accident during this time, the Sum Assured on Death is paid. If death occurs for any other reason, 100% of the premiums paid (excluding extras) will be refunded. After the waiting period, the full Sum Assured on Death will be paid.

Scenario 1
Scenario 2

The insured person meets with an unfortunate demise in the 10th year of the policy.  The nominee beneficiary receives the ‘Death Benefit'.

SUD Life Protect Shield Plus Benefits

Here are the benefits that you get from the plan

Death Benefit

Why choose SUD Protect Shield Plus Plan?

SUD Protect Shield Plus Plan is the ideal option for you because of the following points

It has affordable premiums
It provides financial security against the risk of premature demise
You can buy the plan online in a few clicks
You can get long-term coverage
You can save taxes on the premiums paid
The lump sum death benefit can give your family substantial financial assistance
The flexibility in choosing the plan details can help you customise your coverage

Frequently asked questions (FAQs)

What is Lorum Ipsum?

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Our Other ULIP Plans

Explore our other plans

This is a simple term insurance plan that provides life cover for your family.

Life cover ranges from ₹5 lakhs to ₹25 lakhs
You can join between ages 18 to 65
Covers you up to age 70
Choose to pay premiums once, regularly, or for 5 or 10 years
Policy terms from 5 to 40 years
45-day waiting period at the start (only accidental death covered during this time)

Check Premium

This plan offers higher coverage and is designed for non-smokers.

POS – SUD Life Sanchay
Life cover ranges from ₹1 crore to ₹2 crores
You can join between ages 18 to 60
Various premium payment options: single pay, regular pay, or limited pay (5, 7, 10, 12, or 15 years)
Policy terms from 5 to 40 years
Exclusively for non-smokers
Available online with additional benefits
Covers you upto age 80