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SUD Life Elite Assure Plus
142N059V03 - Individual Non-Linked Non-Participating Savings
Life Insurance Plan
SUD Life Elite Assure Plus is a Limited Premium Non-Linked Non-Participating Endowment Life Insurance Plan that offers protection for your family in case of unfortunate death and offers you additional protection by way of inbuilt accidental death benefit. The plan also helps you build up your savings and provides assured monthly payouts. Payouts are enhanced by way of guaranteed annual payouts and lump-sum at maturity.
01.Benefits
- In case of death of the life assured due to cause other than accident, during the policy term, Sum Assured on Death will be paid immediately to the nominee under the policy, without deducting the monthly or annual payouts already paid, if any. Your policy will be terminated and no further benefits will be paid
- In case of death due to accident, benefit equals to twice the sum assured on death subject to maximum of Rs. 3 Crore.
- Fixed lump-sum payable at the end of policy term 40 times of monthly payout in case of 5-5-5 plan 60 times of monthly payout in case of 7-7-7 plan
02.Key Features
- Monthly Payout as chosen: Min Monthly Payout: Rs. 10k Max Monthly Payout: Rs.10 Lac
- The flexibility to choose from 2 plan options: • Plan Option 5-5-5 • Plan Option 7-7-7
- Premium Paying Term of 5 or 7 Years Policy Term of 15 or 21 Year
03.Eligibility
Entry age
- Minimum age - 18 years - (as on last birthday)
- Maximum age – 55 years (as on last birthday)
Maximum Maturity age
- 71 years (as on last birthday)
- Premium Payment Term : 5 years (Minimum) & 7 years (Maximum)