SUD Life Century Assure

UIN: 142N128V01 | A Non-Linked, Non-Participating, Individual Savings Life Insurance Plan

Life moves through stages. A home, a child's education, a wedding, a retirement that should feel unhurried. Each one needs money at a date you can see coming. With SUD Life Century Assure, you get life insurance cover through the policy term along with a Guaranteed Maturity Benefit at the end of it, so a planned goal stays funded whether or not you are there to see it through under the Future Sure and Family Sure options, where future premiums are waived and the policy continues to pay the full Guaranteed Maturity Benefit at maturity. Under Goal Sure a single lumpsum death benefit is paid and the policy ends. It is designed to give you choices: three plan options, a premium payment term of 7, 10 or 12 years, a policy term of 20, 25 or 30 years, and the Easy Cash option to draw a part of your annualised premium each year during the later part of the term.

Guaranteed Maturity Benefit payable at the end of the policy term

Three plan options: Future Sure, Family Sure and Goal Sure

Increasing Guaranteed Additions accruing from the first policy year

Easy Cash option for yearly access during the policy term

What is SUD Life Century Assure?

SUD Life Century Assure is a Non-Linked, Non-Participating, Individual Savings Life Insurance Plan. It brings together a guaranteed lumpsum at maturity, life insurance cover through the policy term and the Easy Cash option, so you can plan for a dated financial goal knowing what the policy will pay, provided all due premiums are paid and the policy is in force.

At the time of buying the policy you choose the plan option, the annualised premium, the premium payment term of 7, 10 or 12 years and the policy term of 20, 25 or 30 years. The plan option, once chosen, cannot be changed during the policy term.

There are three plan options. Future Sure pays the Sum Assured on Death (SAD) to the nominee, waives all future premiums and continues the policy so that the full Guaranteed Maturity Benefit is paid at the end of the term. Family Sure does the same and, in addition, triggers a term cover for the registered spouse for the remaining policy term at no extra cost. Goal Sure pays a single lumpsum death benefit and the policy ends.

Guaranteed Additions (GA) accrue every year from the end of the first policy year as a percentage of your annualised premium, provided the policy is in force and risk has commenced. They increase progressively up to the end of the premium payment term and then continue at that level for the rest of the policy term. Guaranteed Additions once attached cannot be reduced.

The Sum Assured on Death depends on the entry age, the plan option, the annualised premium, the premium payment term and the policy term you select. The Sum Assured on Death is 10.5 times the annualised premium. This plan suits people who want guaranteed savings with life insurance protection, who prefer paying premiums for a limited period, and who are planning for medium to long-term goals.

Plan Options

At the time of buying the policy, you choose one of three plan options: Future Sure, Family Sure or Goal Sure. The choice decides how the death benefit is paid and whether the policy continues after a claim. Once chosen, the plan option cannot be changed during the policy term.

Future Sure
Family Sure
Goal Sure
Plan Options at a Glance

Future Sure

Future Sure is designed to keep a financial goal funded even if the life assured is not around to see it through. On the death of the life assured during the policy term:

The Sum Assured on Death is paid immediately to the nominee
All future premiums are waived off and the policy continues as an in-force policy
Guaranteed Additions keep accruing as per an in-force policy
The full Guaranteed Maturity Benefit is paid to the nominee at the end of the policy term

On survival to maturity, the Guaranteed Maturity Benefit (Sum Assured on Maturity plus accrued Guaranteed Additions) is paid.

Minimum Entry Age

Maximum Entry Age (Premium Payment Term of 7 years)

Maximum Entry Age (Premium Payment Term of 10 or 12 years)

Minimum Maturity Age

Maximum Maturity Age

Premium Payment Term

Policy Term

Minimum Annualised Premium

Minimum Sum Assured on Death

Sum Assured on Death

Premium Payment Modes

Note: Age is age last birthday. For Goal Sure, where the entry age is less than 5 years, risk commencement is deferred. For more details, refer to the Disclaimer Section - *Risk Commencement Date for Minor Life.

Future Sure and Family Sure: 18 years; Goal Sure: 0 years 90 days

Future Sure and Family Sure: 50 years (for both life assured and spouse); Goal Sure: 55 years

Future Sure and Family Sure: 55 years (for both life assured and spouse); Goal Sure: 60 years

Future Sure and Family Sure: 38 years; Goal Sure: 20 years

80 years

7, 10 or 12 years

20, 25 or 30 years

Rs. 25,000

Rs. 2,62,500

10.5 times the Annualised Premium; maximum as per Board Approved Underwriting Policy

Yearly, Half-Yearly, Quarterly, Monthly (Monthly through NACH or standing instruction only)

Why Choose SUD Life Century Assure?