Blue-Chip Equity Fund (SFIN: ULIF 019 11/12/13 SUD-LI-EQ2 142)
Growth Plus Fund (SFIN: ULIF 023 11/12/13 SUD-LI-GR2 142)
Balanced Plus Fund – (SFIN: ULIF 024 11/12/13 SUD-LI-BL2 142)
Income Fund (SFIN: ULIF 020 11/12/13 SUD-LI-BN2 142)
Mid Cap Fund (SFIN : ULIF 026 14/10/19 SUD-LI-MID 142)
Gilt Fund (SFIN : ULIF 027 14/10/19 SUD-LI-GLT 142)
Viksit Bharat Fund (SFIN : ULIF 039 28/10/24 SUD-LI-VB1 142)
New India Leaders Fund (SFIN : ULIF 038 28/10/24 SUD-LI-NL1 142)
SUD Life Midcap Momentum Index Fund (SFIN : ULIF 034 27/12/24 SUD-LI-NMM 142)
Dynamic Fund (SFIN: ULIF 028 11/06/21 SUD-LI-DYN 142)
Money Market Fund (SFIN: ULIF 029 11/06/21 SUD-LI-MMF 142)
SUD Life Nifty Alpha 50 Index Fund (SFIN: ULIF 041 26/07/25 SUD-LI -ALP 142)
Discontinued Policies Fund (SFIN: ULIF 018 03/06/11 SUD-UL-DP1 142)
Top-up premiums, starting at ₹5,000, can be paid anytime during the policy term, provided the base plan is active. They cannot exceed the base premiums paid and are eligible for life cover. Top-up payments cannot be made in the last five years.
The minimum switch amount is ₹5,000 for the Base Plan and ₹1,000 for top-up premiums. There is no maximum limit, provided fund allocation in any selected fund is at least 10%. In case of partial withdrawal, minimum withdrawal is ₹5,000 under base plan, and the fund value must retain at least 50% of the single premium after withdrawal. Under Top-up plan, minimum partial withdrawal is ₹1,000, and at least 50% of the Top-up premium must remain after withdrawal.
The plan includes the following charges: Premium Allocation Charge: 3% on single and top-up premiums. Policy Administration Charge: 0.06% of the single premium monthly, capped at ₹500 per month. Fund Management Charge (FMC): Varies by fund, with an annual rate of 0.50% to 1.35%. Mortality Charge: Deducted monthly, based on age and sum at risk. Switching Charge: One free switch per year; additional switches cost ₹100 each. Partial Withdrawal Charge: First withdrawal per year is free; subsequent withdrawals cost ₹100 each. Discontinuance/Surrender Charge: Applicable only if the plan is surrendered during the first four policy years.
Yes, you can surrender the life insurance plan before completing the policy term. But suppose you surrender within the first five policy years (lock-in period). In that case, the accumulated fund value will then be transferred to a Discontinued Fund after the deduction of applicable charges. No risk cover will be available during this period, and the surrender benefit will be paid only after the lock-in period ends. If surrendered after five years, the fund value will be paid, and the policy will terminate.
Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factor. The premium paid in Unit Linked Life Insurance Policies are subject to Investment Risks associated with Capital Markets and NAVs of units may go up or down based on the performance of the fund and factors influencing the Capital Market and the insured is responsible for his/her decisions.
