SUD Life Smart Term Return of Premium Plan

UIN: 142N097V01 | Non-linked, Non-Participating Individual Term Life Insurance Plan

SUD Life Smart Term Return of Premium Plan is a non-linked, non-participating individual term life insurance plan designed to provide life protection with the added benefit of receiving 100% of total premiums paid back at the end of the policy term. It combines the strength of comprehensive protection with guaranteed returns, ensuring that even if life takes an unexpected turn, your financial goals remain secure.

Comprehensive life cover with 100% return of total premiums paid at maturity
Life cover of up to Rs.50 lakhs and beyond (as per board-approved underwriting guidelines)
5% online discount on annualized premiums if bought through website
Tax benefits as per prevailing tax laws

Buy SUD Life Life Smart Term Return of Premium Plan

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What is SUD Life Smart Term Return of Premium Plan

SUD Life Smart Term Return of Premium Plan is a life insurance plan that provides your family with financial protection in case of your unfortunate demise, while also ensuring that if you outlive the policy term, you get back 100% of your total premiums paid.

It is ideal for individuals who want the dual benefit of life cover and savings, offering flexibility to choose your sum assured, policy term, premium payment term, and death benefit payout option.

You can customize the plan based on your goals, budget, and responsibilities — ensuring both peace of mind and financial balance.

Download Plan Related Documents

How Does the SUD Life Smart Term Return of Premium Plan Work?

1.Life Coverage and Policy Term

Decide how much protection you need (minimum ₹50 lakhs and above, subject to underwriting) and select a policy term between 15 and 40 years based on your long-term goals.

2.Select Your Premium Payment Option

Pay premiums regularly throughout the policy term or for a fixed duration. You can choose from Regular Pay, 7 years, 10 years, or 15 years premium payment terms.

3.Customize Your Death Benefit Payout Option

Choose how your family will receive the benefit:

Lump Sum:Entire benefit paid at once, ideal for clearing major financial liabilities.

Monthly Income:1% of the death benefit paid every month for 125 months (over 10 years).

Lump Sum + Monthly Income:50% of the death benefit paid immediately, and 0.5% every month for 125 months.

You can change this option anytime during the policy term. If your beneficiary prefers to receive the remaining income as a lump sum later, the discounted value of the balance will be paid at 4.75% p.a.

4.Life Coverage

In the unfortunate event of death during the policy term, your nominee receives the higher of:

10X Annualized Premium, or
105% of Total Annualized Premiums Paid, or
Sum Assured on Death (as chosen at inception)

5.Return of Your Premiums Back at Maturity

If you survive till the end of the policy term, you receive 100% of the total premiums paid, giving you the reassurance that your investment is fully returned.

6.Discounts and Flexibility

10% discount on premiums for women.
5% discount for salaried individuals and online purchases.
Option to change premium frequency during the premium payment term.

Benefits of SUD Life Smart Term Return of Premium Plan

Comprehensive Life Protection

Return of Premium Benefit

Flexible Death Benefit Payout Options

Premium Flexibility

Discounts

Online Convenience

Tax Benefits

Eligibility criteria

Criteria

Details

Entry Age

Maturity Age

Sum Assured

Policy Term

Premium Payment Term (PPT)

Premium Payment Modes

Death Benefit Payout Options

Minimum: 18 years; Maximum: 50 years

Minimum: 33 years; Maximum: 80 years

Minimum: ₹50,00,000; Maximum: As per Board Approved

Policy Term 15 to 40 years

Regular Pay / 7 / 10 / 15 years

Yearly, Half-Yearly, Quarterly, Monthly

Lump Sum / Monthly Income / Lump Sum + Monthly Income

Why Choose SUD Life Smart Term Return of Premium Plan?

Provides comprehensive financial protection for your family.
Returns 100% of your total premiums paid if you survive the policy term
Offers flexible payout options for death benefits.
Allows freedom to choose your policy term and payment duration.
Provides exclusive discounts for women and salaried individuals.
Ensures affordable protection with guaranteed returns.

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

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

And Many More.

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Why Choose SUD Life?

1.52+ Cr Lives Covered

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

20,000+

Distribution Points across India

31,000+ Cr

Assests Under Management

98.84% Claims Settlement Ratio

Individual Claims Settlement Ratio as on 31.03.2025

₹8,260 Crore

Gross Premium till 31.03.2025

4,500 Cr EV* (Dec '24)

*Indian Embedded Value 4,000 Cr (Mar'24)

Connect with us

WhatsApp (Drop a 'HI')

(+91) - 7208 867122

Email

customercare@sudlife.in

Toll-Free Number

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

Locate our Branches Check Policy Status

Frequently asked questions (FAQs)

What makes SUD Life Smart Term Return of Premium Plan different from other term plans?

How does the death benefit work?

What payout options are available for death benefits?

What if I survive the policy term?

Are there any discounts available?

Can I change my death benefit payout option later?

What happens if I miss a premium payment?

Are loans allowed under this policy?

Unlike a regular term plan, this plan gives you back 100% of your total premiums paid if you survive the policy term, combining protection and savings.