SUD Life Samriddhi

UIN: 142N057V02 - Individual Non-Linked Deferred Participating Savings Life Insurance Plan

SUD Life Samridhi is a limited premium, non-linked, deferred participating life insurance plan that not only provides insurance coverage, but also helps you create savings for your goals. This SUD Life Samriddhi plan offers you additional protection by way of inbuilt accidental death benefit. It is a savings-oriented life insurance plan that helps you build a corpus while providing financial protection for your family in case of premature demise. This is a well-rounded plan that combines savings growth, guaranteed benefits, and life protection to secure your family’s financial future.

Limited premium payment that helps to build a financial reserve while ensuring life protection
Offers guaranteed additions with accrued bonuses to enhance your savings
Includes built-in accidental death protection for added security
Option to avail family income benefit rider to create a regular income for your family in your absence

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What is SUD Life Samriddhi Plan?

Q: How does the rider option help in the SUD Life Samriddhi Plan?

The plan offers the SUD Life Family Income Benefit Rider – Traditional (UIN: 142B007V01). If the life insured passes away while the rider is active, the nominee receives a monthly income for 10 years, calculated as 10% of the rider sum assured divided by 12.

Q: Can I surrender the policy before the chosen tenure?

Yes, the policy can be surrendered after the first policy year. The payout will be the higher of the Guaranteed Surrender Value (available after two full years of premiums) or the Special Surrender Value (available after one full year of premiums).

Q: What are the exclusions under which accidental death benefit is not paid?

The accidental death benefit is not payable if death results from hazardous sports, unauthorized flying activities, self-inflicted injury or suicide attempt, substance abuse, military or paramilitary service, war or terrorism, riots or strikes, criminal acts, or nuclear or chemical contamination.

Q: When does the risk cover begin for policies taken on behalf of minors?

For minors, risk cover begins from the policy commencement date, and policy ownership is automatically transferred to the insured upon attaining adulthood.

SUD Life Samriddhi is a thoughtfully designed life insurance plan that combines the benefits of savings and financial protection. SUD Life Samriddhi plan allows you to build a corpus for your long-term financial goals through guaranteed additions and accrued bonuses, if declared. At the same time, the plan provides life insurance coverage to ensure your family’s financial security in your absence.

The plan offers flexible premium payment terms and policy terms, making it adaptable to your unique financial needs and goals. An inbuilt accidental death benefit adds an extra layer of protection, ensuring comprehensive security. Whether you are looking to save for future milestones or secure your family against life’s uncertainties, this plan provides a balanced approach to achieving both.

If you seek a reliable plan that fosters disciplined savings while offering robust life coverage, SUD Life Samriddhi can be a suitable choice. Guaranteed additions and bonuses, if declared, make it a rewarding option to create savings, while the insurance aspect ensures peace of mind for you and your loved ones through SUD Life Samriddhi plan.

Download Plan Related Documents

Product brochure (Prospectus)

Policy Presentation

Policy Document

Product CIS

How Does the SUD Life Samriddhi Plan Work?

On buying the SUD Life Samriddhi plan, you make a choice of the following: Policy term, Premium payment term, Basic sum assured, Premium payment frequency

1.Premium

The premium is determined based on the policy details selected, your age, medical history, and other risk factors.

2.Survival Benefit

If the life insured survives until the end of the policy term, provided the policy is in-force they will receive the basic sum assured along with accrued guaranteed additions, accrued revisionary bonus and a terminal bonus, if declared. Guaranteed Addition - 3% p.a of the basic sum assured will be attached to the policy at the end of each policy year for the first 3 policy years

3.Simple Reversionary Bonus

Simple Reversionary Bonus as a percentage of Basic Sum Assured may be declared by the Company and shall be attached to all in-force Policies from fourth policy year onwards.

4.Death Benefit

In the event of death during the policy term, provided the policy is in-force the plan ensures your family receives the death sum assured, along with any accrued guaranteed additions and accrued bonuses, if declared by the Company. If the death occurs due to an accident, an additional death benefit will be paid. The policy will cease immediately once the death benefit is paid.

5.Terminal Bonus

The Company may also declare terminal bonus depending on the performance of participating fund and recommendations of With Profits Committee, which shall be paid along with the maturity benefits and death benefits during the policy term, provided the policy is in-force.

SUD Life Samriddhi Insurance Plan Benefits

Here are the benefits that you get from the plan

Death benefit

In case of death due to cause other than accident: On death of the Life Assured during the Policy Term, provided the policy is in-force, the Death Sum Assured (as defined below) along with the accrued Guaranteed Additions, accrued Simple Reversionary Bonus, if declared (including any guaranteed addition and bonus pertaining to policy year of death) and terminal bonus, if declared will be paid as lump sum to the Beneficiary/Nominee and the contract ceases immediately.
In any case, the minimum death benefit shall be 105% of the total premiums paid as on the date of death.
Death Sum Assured is defined as the Highest of:
• 10 times the Annualized Premium, OR
• Guaranteed Sum Assured at the time of Maturity (i.e. Basic Sum Assured), OR
• Absolute amount assured to be paid on death (i.e. Basic Sum Assured)

Maturity benefit

Upon survival of the Life Assured until the end of the Policy Term, if the policy is in force, the Basic Sum Assured, along with accrued Guaranteed Additions, Reversionary Bonuses (if any), and Terminal Bonus (if any), will be paid, and the contract will cease.

Guaranteed Additions: 3% p.a. of the Basic Sum Assured will be added at the end of each policy year for the first three years, provided the policy is in force.
Simple Reversionary Bonus: A Simple Reversionary Bonus as a percentage of the Basic Sum Assured may be declared and added to in-force policies from the fourth year onward. This bonus is guaranteed upon death or maturity.
Terminal Bonus: A terminal bonus may be declared based on fund performance and will be paid with maturity and death benefits during the policy term, provided the policy is in force.

Accidental death benefit

In case of Death due to Accident: On death of the Life Assured during the Policy Term due to accident, provided the policy is in-force, an additional benefit equal to the Death Sum Assured (as defined above) will be paid along with the death benefit and the policy will terminate immediately.
The death benefit will be reduced by the total premiums falling due and unpaid during the policy year in which death occurs.

Why choose the SUD Life Samriddhi Plan?

SUD Life Samriddhi Plan is the ideal option for you because of the following points

It allows you to grow your savings through guaranteed additions and bonuses.
You get the dual benefit of life insurance protection and building a financial corpus for the future.
The plan provides additional coverage for accidental death, giving your family extra security.
Limited premium payments allow you to pay premiums only for a limited period.
With tax benefits on both premiums and payouts, you can enhance your disposable income.

Why Choose SUD Life?

1.55+ Cr Lives Covered

3rd Largest Life Insurer for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

23,900+

Distribution Points across India

₹37,575 Cr

Assests Under Management

99.01% Claims Settlement Ratio

Individual Claims Settlement Ratio as on 31.03.2026

₹9,592 crore

Gross Premium till 31.03.2026

₹4,932 crore EV* (Dec '24)

*Indian Embedded Value ₹4,932 crore (Mar'26)

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(+91) - 7208 867122

Email

customercare@sudlife.in

Toll-Free Number

1800 266 8833
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09:00 AM to 07:00 PM

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Frequently asked questions (FAQs)

How does the rider option help in the SUD Life Samriddhi Plan?

How is the premium calculated under the SUD Life Samriddhi Insurance Plan?

Can I surrender the policy before the chosen tenure?

What are the exclusions under which accidental death benefit is not paid?

When does the risk cover begin for policies taken on behalf of minors?

SUD Life Samriddhi plan comes with an additional rider SUD Life Family Income Benefit Rider -Traditional (UIN: 142B007V01). Under this rider, If the life insured passes away and the rider is active, the nominee will receive a monthly income for 10 years, calculated as 10% of the rider sum assured divided by 12.

Premiums are calculated based on factors such as the life insured's age, chosen sum assured, policy term, premium payment term, and payment mode.

Yes, you can surrender your policy after the first policy year. The payout will be the higher of the Guaranteed Surrender Value (available after two full years of premiums) or the Special Surrender Value (available after one full year of premiums). Guaranteed additions and bonuses for the year of surrender will be calculated proportionally based on premiums paid versus total premiums due for that year.

The accidental death benefit will not be paid if the insured's death is caused by:

1. The Life Insured taking part in any hazardous sport or pastimes (including hunting, mountaineering, racing, steeple chasing, bungee jumping, etc)
2. Participation by the insured person in any flying activity, except as a bona fide, fare-paying passenger of a recognized airline or Pilots and cabin crew of a commercial airline, on regular routes and on a scheduled timetable.
3. Self-inflicted injury, death or disability due to suicide attempt
4. Insured person being under the influence of drugs, alcohol, narcotics or psychotropic substances unless taken in accordance with the lawful directions and prescription of a registered medical practitioner.
5. Service in any military, police, paramilitary or similar organisation
6. War, civil commotion, invasion, terrorism, hostilities (whether war be declared or not)
7. Active participation by the Life Insured in strikes, industrial dispute, riots, etc.
8. Criminal or illegal activity with a criminal intent
9. Nuclear reaction, radiation or nuclear or chemical contamination.

These exclusions apply to ensure the benefit is not misused for high-risk or unlawful activities.

For minors, the risk cover starts on the same date as the policy begins. Once the insured minor reaches adulthood, the policy ownership is automatically transferred to them.