SUD Life Aadarsh Plan

The SUD Life Aadarsh Plan is a savings plan aimed at people who want to secure their future and provide life insurance for their family. It is a non-linked, non-participating plan with guaranteed maturity benefits and a short-term premium payment. An inbuilt accidental death benefit is also provided in the plan, making it suitable for those who want to be insured and protected in a simple plan.

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Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Eligibility Criteria for the SUD Life Aadarsh Plan

Criteria Minimum Maximum
Age At Entry 8 years 55 years
Age At Maturity — 65 years
Policy Term 10 years 10 years
Premium Payment Term 5 years 5 years
Sum Assured ₹50,000 ₹25,00,000
Premium Payment Modes Monthly, Quarterly, Half-Yearly, Yearly —
Eligible Individuals Residents of India —

Features of the SUD Life Aadarsh Plan

The SUD Life Aadarsh Plan is designed to provide guaranteed savings and life protection in a simple, structured manner. Key features of the plan include:

  • Guaranteed Maturity Benefit: Offers a fixed maturity payout on the basic sum assured, ensuring predictable returns at the end of the policy term.
  • Limited Premium Payment Term: Requires premium payments for only five years, while the policy continues for a total term of ten years.
  • In-built Accidental Death Benefit: Includes an automatic accidental death cover, enhancing the overall protection provided by the plan.
  • Non-linked and Non-participating Plan: Benefits are guaranteed and not affected by market fluctuations or company performance.
  • Combined Savings and Protection: Provides both life insurance coverage and savings benefits under a single plan.
  • Flexible Premium Payment Modes: Choose from different premium payment frequencies based on your convenience.

You may also explore Star Union Dai-ichi investment plans to compare benefits and find one that better fits your financial goals.

Benefits of the SUD Life Aadarsh Plan

The SUD Life Aadarsh Plan will come with savings and protection features. It is appropriate for people who seek guaranteed returns and life cover.

  • Maturity Benefit: In case the life assured lives till the end period of the policy term, the maturity benefit, which is guaranteed, is paid as the basic sum assured.
  • Death Benefit: When the policyholder dies during the term, the nominee is granted the death benefit, which is granted in two forms:
    • 10 times the annualised premium, or
    • 105% of total premiums paid, or
    • Basic sum assured, or
    • Guaranteed maturity benefit
  • Accidental Death Benefit: The nominee gets twice the death amount assured in case of accidental death, with the increase in financial protection.
  • Disciplined Savings: It is a plan that builds a fixed corpus over time, with payouts assured.
  • Tax Benefits: In practice, paid premiums and received benefits may be included in tax benefits under the law.

Policy Details of the SUD Life Aadarsh Plan

Understanding the policy conditions helps you make better decisions when choosing a savings plan for long-term financial security.

  1. Grace Period

    There is a 30-day grace period (15 days in the monthly mode) to pay overdue premiums and retain the benefits.

  2. Revival

    The policy may be revived within 5 years of the date of the first unpaid premium by paying outstanding dues together with interest.

  3. Free Look Period

    Within 30 days of receiving the document, you can take a preview of the policy and return it if you are dissatisfied.

  4. Surrender

    The policy may be surrendered after at least one year of policy has expired, at the surrender value.

  5. Loan

    Once the policy has a certain amount of surrender value, you can take a loan against it, subject to the terms and conditions.

If you are exploring similar options, you can also check other investment plans that offer a mix of savings and life cover.

Exclusions Under the SUD Life Aadarsh Plan

Suicidal Cover

The nominee will get either 80% of the payments made on premiums or the surrender amount in case of demise during the 12 months following the date of the commencement or revival of the policy as a result of suicide.

FAQs

  • 1. What will happen when I default on premium payment?

    In case you miss a premium, you will have a grace period in which to pay. Failure to pay the premium during this period may result in the policy lapsing or benefits being reduced based on the premiums paid.
  • 2. Is it possible to surrender the SUD Life Aadarsh Plan prematurely?

    Yes, one can give up the policy at the end of at least one year of policy. The policy terms will take into account the surrender value.
  • 3. Does that offer any extra advantage in accidental death?

    Yes, the plan will come with an inbuilt accidental death benefit, in which the nominee will get twice the amount he was assured of in the death sum in case of accidental death.
  • 4. Is it possible to borrow against the SUD Life Aadarsh Plan?

    Under the insurer's terms and conditions, you may take a loan against the policy when it attains a surrender value.
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Disclaimer: Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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