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- SUD Life Defined benefit Endowment Plan - WITHDRAWN PRODUCTS
SUD Life Defined benefit Endowment Plan
142N023V01 - The SUD Life Defined Benefit Endowment Plan offers an opportunity to build up future income streams to meet for multiple purposes, either planned or contingencies.
01.Benefits
- During the earning age, a person can contribute to the policy with varying options (5, 10, 15 or 20 years). This plan is available for persons aged 18 to 60. The policy would assure regular payment of the chosen benefit at monthly intervals for 15 long years.
02.Key Features
- This policy also offers the much needed life cover during the premium paying term, which amount would be a portion of the sum assured.
- Looking to the assured nature of the benefits, the policy is designed under traditional mode without linking it to the fluctuations of financial market.
- The premiums contributed under this policy and the benefits receivable are eligible for tax benefits under the applicable tax laws.
03.Eligibility