SUD Life - SUD Life Century Gold Plan

Eligibility Criteria For The SUD Life Century Gold Plan

Features of the SUD Life Century Gold Plan:

The SUD Life Century Gold Plan offers guaranteed savings and life protection, making it suitable for long-term financial planning. Key features of the plan include:

• Guaranteed Returns: Provides assured maturity benefits along with guaranteed additions, ensuring predictable outcomes.
• Flexible Plan Options: Offers a choice between Goal Sure and Edu Sure, allowing you to align the plan with specific financial goals.
• Customisable Policy Terms: Allows you to choose the premium amount, payment term, and overall policy duration based on your needs.
• Life Cover Protection: Ensures financial security for your beneficiaries through a death benefit during the policy term.
• Guaranteed Additions: Additions are credited at regular intervals, enhancing the policy's overall maturity value.
• Tax Benefits: Premiums paid and benefits received may qualify for tax benefits as per prevailing income tax laws.

Benefits of the SUD Life Century Gold Plan

Below are the benefits of UD Life Century Gold Plan:

1. Death Benefit

   • In Goal Sure: Lump sum payout to nominee.
   • In Edu Sure:
     • Immediate lump sum
     • Monthly income (5% of annual premium)
     • Lump sum at policy maturity

2. Maturity Benefit:

   Guaranteed maturity benefit along with accrued guaranteed additions.

3. Guaranteed Additions:

   Accrue annually and are paid at maturity, surrender, or death, whichever occurs first.

4. Financial Planning:

   Supports key milestones such as education, marriage, and long-term savings goals.

Riders Under the SUD Life Century Gold Plan

The following riders are available for additional protection:

• Accidental Death And Total & Permanent Disability RiderProvides payout on accidental death or disability in instalments.
• Family Income Benefit RiderOffers a monthly income for 10 years to the nominee in case of death.

Policy Details of the SUD Life Century Gold Plan

1. Grace Period

   It has a grace period of 30 days (15 days in the case of the monthly mode) to pay the premium after the due date.

2. Revival

   The policy can be revived within 5 years of the initial unpaid premium by paying the dues plus the relevant interest.

3. Free Look Period

   Policyholders may cancel the policy within 30 days of delivery if they are dissatisfied.

4. Surrender

   The surrender policy may be implemented at the end of the first year. Either the Guaranteed Surrender Value or the Special Surrender Value is paid higher.

5. Fund Switching

   Not applicable; this is a non-linked plan.

6. Loan

   There is a loan facility of up to 70% of the surrender value, subject to terms and conditions.

Exclusions Under the SUD Life Century Gold Plan

Suicidal Cover

If death occurs due to suicide within 12 months, 80% of premiums paid or surrender value (whichever is higher) is payable.

Total Permanent Disability (TPD)

Covered only under applicable rider terms and conditions.