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SUD Life Assured Term Plan
UIN: 142N102V02
SUD Life Assured Term Plan is a non-linked, non-participating, individual pure risk premium life insurance plan with built-in terminal illness benefit, designed to provide comprehensive financial protection through flexible death benefit payout options and affordable premiums.
- Coverage starting from Rs 25 lakhs at affordable premiums
- Built-in terminal illness benefit of up to Rs 2 crores
What is SUD Life Assured Term Plan?
SUD Life Assured Term Plan is a pure term insurance plan that ensures your family's financial future remains secure even when you're not around. Unlike other term plans, this policy comes with a built-in terminal illness benefit, giving you access to funds when you need them most during critical health situations.
The plan offers flexible death benefit payout options, so your family can choose how they want to receive the benefit. Whether as an immediate lump sum benefit to clear debts and major expenses, or as a steady monthly income to manage ongoing household costs. You can even combine both approaches as per your choice for more flexibility.
Download Plan Related Documents
How Does the SUD Life Assured Term Plan Work?
1.Choose Your Coverage
You start by selecting your sum assured (minimum ₹25 lakhs), premium payment term (7 to 40 years), and policy term (10 to 40 years). You also choose your death benefit payout option and premium payment frequency.
2.Coverage Commencement
Once your policy starts, your life insurance coverage is active throughout the policy term. Your family receives financial protection through the death benefit, calculated as the highest of 10 times annualized premium, 105% of total premiums paid, or your chosen sum assured.
3.Built-in Terminal Illness Protection
If you're diagnosed with a terminal illness during the policy term, you can access up to ₹2 crores immediately, given the ailment falls under the list of illness covered. For more information, please refer to the policy document or check in the benefits section below.
4.Flexible Death Benefit Options
Your family can receive the death benefit as a lump sum, monthly income over 125 months (nearly 10.5 years), or a combination of both. The payout option can be changed during the policy term to match your family's needs.
5.Claim Support
In case of an unfortunate event, your family receives 10% of the sum assured (up to ₹5 lakhs) within one working day of claim registration, providing immediate financial support during difficult times.
6.Premium Discounts
Females get a 10% discount throughout the premium paying term, salaried individuals get 5% off first-year annualized premiums, staff members get 10% discount, and high sum assured discounts are available.
7.SUD Life Accidental Death and Total & Permanent Disability Benefit Rider – Traditional (UIN:142B005V01)
Benefits payable under the rider:
- On Death Due to Accident - On death of the Life Assured due to Accident, 100% of Rider Sum Assured will be paid provided the policy is in force as on the date of death of the Life Assured and the contract ceases thereafter.
- On Accidental Total and Permanent Disability - Rider Sum Assured will be paid in 10 equal half-yearly instalments wherein each instalment amount will be equal to Rider Sum Assured multiplied by 10%, provided the policy is in force (as on the date of occurrence of event) and the Rider contract will cease after payment of the last instalment. In case of death of the Life Assured while receiving Accidental Total and Permanent disability benefit, the remaining total of all outstanding instalments under this Rider will be paid to the nominee/beneficiary and the contract ceases.
Policy Term Options
Premium Paying Term
Minimum Policy Term
Maximum Policy Term
Eligibility Criteria
Entry Age
Maturity Age
Sum Assured
Min 18 years; Max 50 years
Min 28 years; Max 70 years
Min ₹25 lakhs; Max as per underwriting policy
Benefits of SUD Life Assured Term Plan
Here are the benefits that you get from the plan
Death Benefit
Your family receives the highest of three calculations: 10 times your annualized premium, 105% of total premiums paid, or your chosen sum assured. This ensures they always get meaningful financial protection regardless of when the claim occurs.
Instant Financial Support
In case of an unfortunate event, your family receives 10% of the death benefit (up to ₹5 lakhs) within one working day of claim registration, providing immediate financial support during difficult times.
This facility is available only after completion of 3 policy years from the date of risk commencement or revival, and only if the lump sum payout option has been chosen.
The payout won’t be applicable if the terminal illness benefit has already been availed.
Discounts
Females get a 10% discount throughout the premium paying term, salaried individuals get 5% off first-year annualized premiums, staff members get 10% discount, and high sum assured discounts are available.
Example:
Ms. Sudha, aged 35, salaried and non-smoker, opts for ₹1 Cr cover with a 30-year regular pay policy.
Base premium: ₹14,569
First-year premium after discounts: ₹12,384
Premium from second year onward
Extended Grace Period Options
After five policy years, you can extend your grace period once every five years.
For yearly, half-yearly, and quarterly premiums, the grace period can be extended by 90 days (instead of the standard 30).
For monthly premiums, the grace period can be extended by 30 days (instead of the standard 15).
This option ensures your policy remains in force during financial difficulties, provided the request is made before the due date of the premium.
Death Benefit Payout Options
- Lump Sum Option: Your family receives the entire death benefit immediately as a single payment. This option is ideal for clearing major debts, funding children's education, or making large investmentsYour family receives the entire death benefit immediately as a single payment. This option is ideal for clearing major debts, funding children's education, or making large investments
- Monthly Income Option: Your family receives 1% of the death benefit every month for 125 months, providing steady income to manage household expenses and maintain their lifestyle. The first monthly payment is made immediately upon claim approval.
- Lump Sum Plus Monthly Income: Your family gets both, 50% of the death benefit immediately as lump sum, plus 0.5% monthly income for 125 months. This provides both immediate funds and ongoing financial support.
Why Choose SUD Life Assured Term Plan?
- Your family gets comprehensive financial protection starting from Rs 25 lakhs at affordable premiums that fit your budget.
- Built-in terminal illness benefit provides access to funds up to Rs 2 crores when you face critical health challenges.
- Flexible death benefit payout options ensure your family receives financial support in the way that works best for their situation.
- Multiple discount opportunities make comprehensive coverage even more affordable, especially for females and salaried individuals.
- Instant claim payment facility provides immediate financial support when your family needs it most.
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)
Testimonials
Know why customers buy Life Insurance from us
Best Insurance Claim Support Team
Choosing SUD Life Insurance was one of the best decisions I've made for my family's future. Their attentive team made the entire process seamless, ensuring I found the perfect plan tailored to my needs.
Ramprakash Shivram Yadav
Companies in India for Life Insurance Policy with a Wide Reach
Choosing SUD Life Insurance was one of the best decisions I've made for my family's future. Their attentive team made the entire process seamless, ensuring I found the perfect plan tailored to my needs.
Suresh Gajanan Patil
PMJJBY Claim
I have visit at Nanded Branch for pmjjby death claim documents submitted i very thankful mr.. akash sir my uncle Pmjjby death payment received at 3dyas.
Yash Thakur
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Frequently asked questions (FAQs).
1. What makes SUD Life Assured Term Plan different from other term plans?
2. How do the death benefit payout options work?
3. When can I access the terminal illness benefit?
4. What discounts are available and can they be combined?
5. How does instant claim payment work?
6. Can I increase my coverage or change terms later?
7. What happens if I stop paying premiums?
8. Are there any exclusions I should know about?
9. Are riders available?
This plan includes a built-in terminal illness benefit up to ₹2 crores at no extra cost, flexible death benefit payout options, and instant claim payment facility. You also get multiple discount opportunities and extended grace period options not commonly available in basic term
You can choose a lump sum (entire amount at once), monthly income (1% monthly for 125 months), or a combination (50% lump sum + 0.5% monthly for 125 months). The option can be changed during the policy term, and beneficiaries can convert future monthly payments to lump sum if needed.
The terminal illness benefit is available if you're diagnosed with a terminal illness (likely to cause death within 6 months as certified by two independent medical practitioners) during the policy term, provided you're up to 70 years old and the policy is in force. The benefit won’t apply for any pre-existing diseases you may have ongoing prior to the purchase of the policy.
Females get 10% discount throughout the policy term, salaried individuals get 5% off first-year premiums, staff members get 10% discount, and high sum assured discounts are available. Yes, eligible discounts can be combined for maximum savings.No, there is no surrender benefit available under this plan.
After the third policy year, your family receives 10% of the sum assured (maximum ₹5 lakhs) within one working day of claim registration with proper documents. The remaining amount is paid after claim approval. This feature is not available for terminal illness claims.
The sum assured and policy terms cannot be increased once the policy starts. However, you can change your death benefit payout option during the policy term to better match your family's changing needs.
For Regular Pay (where you pay premiums throughout the policy term): Coverage ends right after the grace period.
- For Limited Pay (where you pay premiums only for a fixed number of years): If you’ve paid at least 2 full years’ premiums, you’ll get the policy cancellation value.
Revival: Policy can be revived within 5 years by paying due premiums with interest.
The only exclusion for death benefit is suicide within 12 months of policy start or revival (80% of premiums paid will be returned). Terminal illness benefit has specific exclusions including pre-existing conditions, substance abuse, self-inflicted injuries, and war-related causes. Please refer to the policy document for more information.
Yes, SUD Life Accidental Death and Total & Permanent Disability Benefit Rider – Traditional (UIN:142B005V01)