SUD Life Wealth PRO

UIN: 142L104V01 | An Individual Non-Participating Unit-linked Life Insurance Plan

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.

SUD Life Wealth PRO is an Individual Non-Participating Unit-Linked Life Insurance Plan. In this policy, the investment risk in the investment portfolio is borne by the policyholder. It pays a death benefit as per the death benefit option chosen if the life assured dies during the policy term, and pays the fund value on survival to the end of the policy term, subject to policy terms and conditions.

Big plans take time. A home, a child's education, a retirement that feels settled. They are built one contribution at a time, and life does not always stay predictable while you build them.
With SUD Life Wealth PRO, you get life cover for your family together with the opportunity to grow your money in market-linked funds. In this policy, the investment risk in the investment portfolio is borne by the policyholder. It is designed to offer choice: two plan options, three death benefit options, two investment strategies, a wide range of funds and the ability to draw regular withdrawals from your fund value later in the policy term.

  • Two plan options: Growth PRO and Loyalty PRO
  • Three death benefit options to choose from at inception
  • Nil premium allocation charge, with fund management and mortality charges applicable
  • Systematic Withdrawal Plan available from the 11th policy year
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What is SUD Life Wealth PRO?

SUD Life Wealth PRO is a Non-Participating Unit-Linked Life Insurance plan that brings protection and market-linked growth together in one contract. Your premium, after charges, buys units in the funds you choose, and the value of those units moves with the markets. In this policy, the investment risk in the investment portfolio is borne by the policyholder.

 

The plan gives you a choice between two plan options, Growth PRO and Loyalty PRO, and a choice between three death benefit options, Life Secure, Life Secure Plus and Life Secure Income Plus. The benefits under the product vary with the options selected. The plan option, death benefit option, Sum Assured Multiple (SAM), premium, Premium Payment Term (PPT) and Policy Term (PT) are all selected when the policy starts and cannot be changed later.

 

You also choose how your money is managed. Under the Self-Managed Investment Strategy you pick your own funds, with a minimum allocation of 10% in each fund selected. Under the Age-based Investment Strategy your money is distributed between the Blue Chip Equity Fund and the Gilt Fund according to your attained age and your aggressive or conservative preference, and is rebalanced on the last day of each policy year.

 

Unit-linked insurance products do not offer any liquidity during the first five years of the contract. You will not be able to surrender or withdraw the monies invested, completely or partially, until the end of the fifth year. The Net Asset Value (NAV) of the units can go up or down, and there are no guaranteed returns under this policy, except under the Discontinued Policies Fund, where the minimum guaranteed interest is as prescribed by IRDAI from time to time.

    Download Plan Related Documents

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    Product brochure (Prospectus)
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    Policy Presentation
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    Policy Document
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    Product CIS

    SUD Life Wealth Pro Options

    You make two named choices when the policy starts; one of two plan options and one of three death benefit options, however, neither can be changed at any time during the policy term.
    • Growth PRO
    • Loyalty PRO

    Growth PRO

    A straightforward plan option under which no policy administration charges are deducted through the policy term. It suits you if you want your contributions working with the least deducted along the way.

    • No policy administration charges
    • Loyalty additions are not payable under this option

    Loyalty PRO

    Under this plan option you are eligible for loyalty additions, and the policy administration charges deducted during the policy term are added back to your fund value, provided you are alive at the time of each addition and the policy has not been surrendered or discontinued. It suits you if you intend to stay invested for the long term.

    • Loyalty addition of 0.20% of the average fund value for the last 12 months, from the end of the sixth policy year
    • Policy administration charge of 0.25% of the annualised premium per month, subject to a maximum of Rs. 500
    • Policy Administration charges of the first policy year added back at the end of the fifth policy year and the rest at the end of the policy term

    Death Benefit Options

    Alongside the plan option, you choose one of three death benefit options at inception. This choice is separate from Growth PRO / Loyalty PRO above and also cannot be changed once the policy starts.
    • Life Secure
    • Life Secure Plus
    • Life Secure Income Plus

    Life Secure

    The death benefit is the highest of the Sum Assured less relevant partial withdrawals, the fund value on the date of intimation of death, or 105% of total premiums paid, and the policy then ends. It suits you if you want a single lump sum payout for your family.

    • Sum Assured reduced by partial and systematic withdrawals made in the two years before death
    • Settlement option available to the beneficiary for up to five years
    • Available from an entry age of 90 days

    Life Secure Plus

    On intimation of death the Sum Assured is paid, and all future premiums due during the Premium Payment Term are waived, with an amount equal to the modal premium credited to the fund account on each future due date. The policy continues to the end of the policy term, when the fund value at the prevailing Net Asset Value (NAV) is paid.

    • Sum Assured paid on intimation of death
    • Waiver of premium keeps contributions going
    • Fund value paid at the end of the policy term
    • Total death benefit not less than 105% of total premiums paid

    Life Secure Income Plus

    Along with the Sum Assured and the waiver of future premiums, a monthly income equal to 1% of the Sum Assured is paid each month following the date of death until the end of the policy term or 120 months, whichever is earlier, subject to a minimum of 36 monthly payments. The fund value is paid at the end of the policy term.

    • Monthly income of 1% of the Sum Assured
    • Minimum of 36 monthly payments, with any balance instalments paid as a lump sum at the end of the policy term
    • Future premiums waived and credited to the fund account
    • Total death benefit not less than 105% of total premiums paid

    How Does the SUD Life Wealth PRO Plan Work?

    1.Choose Your Plan Option

    At inception the policyholder selects either Growth PRO, under which no policy administration charges are deducted, or Loyalty PRO, under which loyalty additions accrue and the policy administration charges deducted are added back to the fund value. Once chosen, the plan option cannot be changed throughout the policy term.

    2.Choose Your Death Benefit Option

    The policyholder selects one of the three death benefit options — Life Secure, Life Secure Plus or Life Secure Income Plus. This option must be chosen at inception only and cannot be changed throughout the policy term.

    3.Set the Sum Assured, Term and Premium

    Based on the death benefit option chosen and the age at entry, the policyholder selects the Sum Assured Multiple (SAM). The Sum Assured is the Sum Assured Multiple multiplied by the annualised premium. The Premium Payment Term, the Policy Term, the premium amount and the premium payment frequency are also fixed at this stage.

    4.Choose Your Investment Strategy and Funds

    The policyholder chooses either the Self-Managed Investment Strategy, selecting funds and allocation percentages with a minimum of 10% per fund, or the Age-based Investment Strategy, under which the money is split between the Blue Chip Equity Fund and the Gilt Fund by attained age and rebalanced on the last day of each policy year.

    5.Payment of Premium and Allocation of Units

    Premiums are paid yearly, half-yearly, quarterly or monthly for the chosen Premium Payment Term. There is no premium allocation charge, and units are allocated in the selected funds at the applicable Net Asset Value (NAV). Mortality charges, and where applicable waiver of premium and monthly income charges, are deducted monthly by cancelling units, while the Fund Management Charge is priced into the unit price of each fund daily.

    6.Additions to the Fund During the Term

    Under Loyalty PRO, a loyalty addition equal to 0.20% of the average fund value for the last 12 months is credited from the end of the sixth policy year up to the end of the policy term; the policy administration charges deducted in the first policy year are added back at the end of the fifth policy year and those of the remaining years at the end of the policy term, provided the policyholder is alive at the time of the addition. Mortality charges are added back under Return of Mortality Charges (RoMC) only where the entry age of the life assured is 50 years or above or the maturity age is 65 years or above, the specified Premium Payment Term and Policy Term combinations are met, and the policyholder is alive on the addition date.

    7.Access to Your Fund Value

    Partial withdrawals are allowed from the sixth policy year onwards or after the life assured attains age 18, whichever is later, with a minimum of Rs. 1,000 and a minimum remaining fund balance of two years' annualised premiums. The Systematic Withdrawal Plan (SWP) allows withdrawals of 1% to 12% of the fund value from the 11th policy year onwards or after the life assured attains age 18, whichever is later.

    8.Death Benefit or Maturity Benefit

    If the life assured dies during the policy term while the policy is in force, the company shall pay the benefit as per the death benefit option chosen. On survival of the life assured to the end of the policy term, the fund value calculated at the prevailing Net Asset Value (NAV) is paid, after adding the Return of Mortality Charges and the Return of Policy Administration Charges where applicable, and the policy then ends.

    SUD Life Wealth PRO Benefits

    Here are the benefits that you get from the plan

    Death Benefit

    The company pays the benefit as per the death benefit option you chose at inception — a lump sum under Life Secure, the Sum Assured with waiver of future premiums under Life Secure Plus, or the Sum Assured with waiver of premiums and a monthly income under Life Secure Income Plus.

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    Maturity Benefit

    On survival of the life assured to the end of the policy term, the fund value at the prevailing Net Asset Value (NAV) is paid, after adding the Return of Mortality Charges (RoMC) and the Return of Policy Administration Charges (RoPAC), where the conditions for each apply.

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    Waiver of Premium

    Under Life Secure Plus and Life Secure Income Plus, future premiums are waived if the life assured dies during the Premium Payment Term, and an amount equal to the modal premium is credited to the fund account on each future due date so the plan keeps working for the family.

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    Return of Charges

    Mortality charges are added back to the fund value where the entry age of the life assured is 50 years or above or the maturity age is 65 years or above, the specified Premium Payment Term and Policy Term combinations are met, and the policyholder is alive on the addition date. Under Loyalty PRO the policy administration charges deducted are added back to the fund value. Neither addition applies to a surrendered or discontinued policy.

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    Loyalty Additions

    Under the Loyalty PRO plan option, an addition of 0.20% of the average fund value for the last 12 months is credited from the end of the sixth policy year up to the end of the policy term, as extra units in your funds. Loyalty additions are not added in future for a surrendered, discontinued or paid-up policy.

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    Flexibility to Manage Your Money

    You can switch between funds, redirect future premiums and take partial withdrawals or systematic withdrawals within the stated conditions, with no charge for switching or partial withdrawals.

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    Charges Under the Plan

    There is no premium allocation charge and no charge for switching or partial withdrawals. A Fund Management Charge of 1.00% to 1.35% a year applies depending on the fund chosen, and 0.50% a year on the Discontinued Policies Fund. A mortality charge is deducted monthly by cancelling units, based on age, the Sum at Risk and the death benefit option chosen, and waiver of premium and monthly income charges apply under the chosen death benifit option. Under Loyalty Pro a policy administration charge of 0.25% of the annualised premium per month, subject to a maximum of Rs. 500, is deducted in advance each policy month and is added back to the fund value as Return of Policy Administration Charges. Discontinuance charges apply if the policy is discontinued within the first five policy years. All charges attract Goods and Services Tax (GST) as applicable.

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    Eligibility Criteria

    Criteria

    Details

    Minimum Entry Age
    Maximum Entry Age
    Minimum Maturity Age
    Maximum Maturity Age
    Minimum Annualised Premium
    Maximum Premium
    Sum Assured
    Premium Payment Term (PPT)
    Policy Term (PT)
    Premium Payment Modes
    Life Secure: 0 years (90 days); Life Secure Plus and Life Secure Income Plus: 18 years
    Life Secure: 65 years; Life Secure Plus and Life Secure Income Plus: 50 years
    Life Secure: 18 years; Life Secure Plus and Life Secure Income Plus: 28 years
    Life Secure: 99 years; Life Secure Plus: 5 Pay and Regular Pay: 70 years, 7/10/12 Pay: 80 years; Life Secure Income Plus: 5 Pay and Regular Pay: 65 years, 7/10/12 Pay: 70 years
    Premium Payment Term 5 or 7 years: Rs. 18,000 for a 10-year term, Rs. 13,200 for a 15-year term, Rs. 12,000 for 20/25/30/35/40-year terms; Premium Payment Term 10 or 12 years: Rs. 12,000; Regular Pay: Rs. 12,000
    As per Board Approved Underwriting Policy (BAUP)
    Sum Assured Multiple (SAM) selected by policyholder multiplied by annualised premium; SAM of 7 or 10 for entry age below 50 years and 5 or 10 for age 50+ for Life Secure; SAM 7 or 10 for Life Secure Plus and Life Secure Income Plus, all age bands.
    5, 7, 10, 12 years or Regular Pay
    Premium Payment Term 5 and 7 years: 10, 15, 20, 25, 30, 35 and 40 years; Premium Payment Term 10 and 12 years: 15, 20, 25, 30, 35 and 40 years; Regular Pay: 15 to 40 years
    Yearly, Half-Yearly, Quarterly, Monthly

    Why Choose SUD Life Wealth PRO?

    • Life cover and market-linked growth in one plan
    • Nil premium allocation charge, with all other applicable charges clearly set out
    • Two plan options and three death benefit options to match your need
    • Waiver of premium benefit under Life Secure Plus and Life Secure Income Plus
    • Wide choice of funds with self-managed or age-based investment strategies
    • Systematic Withdrawal Plan for regular withdrawals later in the term

    Why Choose SUD Life?

    1.55+ Cr Lives Covered

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

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    23,900+

    Distribution Points across India

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    ₹37,575 Cr

    Assests Under Management

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    99.01% Claims Settlement Ratio

    Individual Claims Settlement Ratio as on 31.03.2026

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    ₹9,592 crore

    Gross Premium till 31.03.2026

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    ₹4,932 crore EV* (Dec '24)

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

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    Testimonials
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    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.

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    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.

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    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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    (+91) - 7208 867122

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    customercare@sudlife.in

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    Toll Free : 1800 266 8833
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    NRI No : +91 80 4547 1234
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    Frequently asked questions (FAQs)

    When can I withdraw money from my fund under SUD Life Wealth PRO?
    How does the Systematic Withdrawal Plan work with SUD Life Wealth PRO?
    What charges apply under SUD Life Wealth PRO?
    Can I change my plan option or death benefit option later?
    What happens if I miss a premium?
    Can I revive my policy?
    Are there any exclusions under SUD Life Wealth PRO?
    Are riders or a policy loan available?

    Unit-linked insurance products do not offer any liquidity during the first five years of the contract. Partial withdrawals are allowed from the sixth policy year onwards or after the life assured attains age 18, whichever is later, with a minimum withdrawal of Rs. 1,000, and the fund balance after the withdrawal must be at least two years' annualised premiums.

    You can withdraw a pre-determined percentage of your fund value, from 1% to 12%, monthly, quarterly, half-yearly, yearly or on specified dates, with a minimum of Rs. 1,000. Withdrawals start from the 11th policy year onwards or after the life assured attains age 18, whichever is later. It cannot be used when the policy is reduced paid-up, during the settlement period or during the last five policy years.

    There is no premium allocation charge and no charge for switching or partial withdrawals. A Fund Management Charge of 1.00% to 1.35% a year applies depending on the fund, and 0.50% a year on the Discontinued Policies Fund. A mortality charge is deducted monthly, waiver of premium and monthly income charges apply under Life Secure Plus and Life Secure Income Plus respectively, a policy administration charge of 0.25% of the annualised premium per month subject to a maximum of Rs. 500 applies under Loyalty Pro, and discontinuance charges apply within the first five policy years. All charges attract Goods and Services Tax (GST) as applicable.

    No. The plan option, death benefit option, Sum Assured Multiple, premium, Premium Payment Term and Policy Term are all selected at inception and cannot be modified during the term of the policy. You can, however, switch funds, redirect future premiums and change your investment strategy.

    You have a grace period of 30 days for yearly, half-yearly and quarterly modes and 15 days for the monthly mode. If the premium is still unpaid, a policy in the first five years acquires discontinuance status and the fund value less discontinuance charges moves to the Discontinued Policies Fund with risk cover ceasing; after the five-year lock-in, the policy becomes a reduced paid-up policy and continues with the paid-up Sum Assured.

    Yes. A discontinued or reduced paid-up policy can be revived within three years from the due date of the first unpaid premium, as per the Board Approved Underwriting Policy. All due and unpaid premiums are collected without any interest or fee, and on revival within the lock-in period the discontinuance charges deducted earlier are added back to the fund.

    Yes. The only exclusion is the suicide clause. If death is due to suicide within 12 months from the date of commencement or the date of revival of the policy, the nominee or beneficiary is entitled to the fund value available on the date of intimation of death, and any charges other than fund management charges recovered after the date of death are added back.

    No. There are no riders and no policy loan facility under this product. A top-up facility is also not available.

    Disclaimers