SUD Life-SUD Life Century Royale Plan

Eligibility Criteria for the SUD Life Century Royale Plan

Features of the SUD Life Century Royale Plan

The following are the features of the SUD Life Century Royale Plan:

• Guaranteed Income: This plan provides a steady, predictable income during the payout term. This can be useful for managing your expenses over a specific period or as a supplement to your existing income.
• Flexible Premium Payment Terms: You can choose a premium payment term of 7, 10, or 12 years, based on your comfort level. This way, you can match your premium payments with your pay cycle.
• Long-Term Life Coverage: This plan provides you with coverage for up to 45 years.
• Guaranteed Maturity Benefit: This plan provides a one-time payout at maturity, which can be used to fund major financial milestones in your life.
• Customisable Policy Term: This plan can be customized to your requirements by selecting a policy term.
• Loan Facility: This plan provides you with a loan facility against your policy, which can be used in case of emergencies without having to surrender your policy.

Benefits of the SUD Life Century Royale Plan

Below are the benefits of the SUD Life Century Royale Plan:

• Death Benefit: In the event of the life assured's death during the policy period, the nominee is paid a lump sum. The payout is the maximum of several factors, such as the sum assured or a proportion of the premiums paid, as per the policy terms. This guarantees your family a financial cover in times of need.
• Guaranteed Income: The policy offers an assured income during the payout period. This starts after the premium paying period:
  • 7-Pay: Income starts from the end of the 10th year of the policy
  • 10-Pay Option: Income starts from the end of the 13th year of the policy
  • 12-Pay Option: Income starts after the 15th year of the policy

  This option offers an opportunity to build up savings and then enjoy a steady income for your future needs.

• Maturity Benefit: At the end of the policy term, there is an assured maturity benefit, which is based on the premium payment term:
  • 7-Pay: 8 times the annual premium
  • 10-Pay: 12 times the annual premium
  • 12-Pay: 15 times the annual premium

  This ensures a steady, secure payout, which can help achieve long-term objectives, whether retirement or investment planning.

• High Premium Benefit: Choosing a higher premium will result in higher maturity benefits. This results in a higher payout, enabling you to build a larger corpus over time and optimising your investment returns.

Riders Under the SUD Life Century Royale Plan

The following riders enhance protection:

• Accidental Death And Total & Permanent Disability RiderProvides financial support in case of accidental death or disability through structured payouts.
• Family Income Benefit RiderOffers a monthly income to the nominee for a fixed period in case of death.

Policy Details of the SUD Life Century Royale Plan

1. Grace Period

   A grace period of 30 days (15 days for the monthly mode) is allowed for premium payments.

2. Revival

   Policy can be revived within 5 years by paying pending premiums with applicable interest.

3. Free Look Period

   Policyholders can return the policy within 30 days if not satisfied.

4. Surrender

   Policy can be surrendered after completion of the first policy year. The higher of GSV or SSV is payable.

5. Loan

   Loan facility is available up to 70% of the surrender value.

Exclusions Under the SUD Life Century Royale Plan

Suicidal Cover

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