SUD Life Century Star Plan

Eligibility Criteria for the SUD Life Century Star Plan

Features of the SUD Life Century Star Plan

Here are the key features of the SUD Life Century Star Plan:

• Limited Premium Payment Term (7 Years): Pay premiums for only seven years, while the policy continues for a longer duration, providing life cover and savings benefits.
• Guaranteed Maturity Benefit: The maturity payout is fixed at the start of the policy based on your entry age and policy term, ensuring predictable returns.
• Surrender Benefit from 13th Year: The policy can be surrendered from the 13th year onwards, offering a payout to meet changing financial needs.
• Optional Rider Benefits: Additional protection can be added through riders, such as accidental death or family income benefit.
• Higher Premium Advantage: Choosing a higher premium results in improved maturity benefits and greater wealth accumulation over time.
• Guaranteed Returns with No Market Risk: As a non-linked plan, it offers stable, assured returns unaffected by market performance.

SUD Life Century Star Plan is a reliable option among the Star Union Dai-ichi Traditional Plans, with its balance of protection and guaranteed savings.

Benefits of the SUD Life Century Star Plan

The SUD Life Insurance Century Star Plan combines life protection with guaranteed savings, offering financial security across different life stages. Key benefits include:

1. Death Benefit

   Provides a lump-sum payout to the nominee upon the policyholder’s death during the policy term, helping the family manage daily expenses, liabilities, and long-term financial needs.

2. Guaranteed Maturity Benefit:

   Pays a fixed amount at the end of the policy term if the policyholder survives, supporting goals such as retirement planning, children’s education, or wealth accumulation.

3. Financial Security for the Family:

   Offers a combination of protection and savings, helping dependents maintain financial stability and continuity even during unforeseen circumstances.

4. Stable, Predictable Returns:

   As a non-linked, non-participating plan, it provides guaranteed returns unaffected by market fluctuations, making it suitable for low-risk financial planning.

5. Surrender Value Flexibility:

   Allows policyholders to exit the plan after it acquires surrender value, providing access to funds in case of financial emergencies.

SUD Life Century Star Plan stands out as a reliable option among best investment plans, offering a combination of guaranteed returns and life protection.

Riders Under the SUD Life Century Star Plan

This section outlines the optional add-ons available with the plan. The following are the riders available:

• Accidental Death and Total Permanent Disability Rider: Gives extra payout in case of accidental death or disability.
• Family Income Benefit Rider: Provides a monthly income to the nominee over a predetermined duration on the occurrence of death.

Policy Details of the SUD Life Century Star Plan

The following are the policy details of the SUD Life Century Star Plan:

1. Grace Period

   There exists a 30-day grace period during which premium payments can be kept at the time of coverage.

2. Revival

   The policy can be reinstated to life in less than 5 years through the payment of outstanding premiums, inclusive of the applicable interest.

3. Free Look Period

   The policyholders are given a period of 30 days to revoke the policy in case of dissatisfaction, and it is claimed with deductions.

4. Surrender

   Surrendering of the policy is possible after one year, and the benefits are based on GSV or SSV.

5. Loan

   Till the policy term, loans of up to 70% of the surrender value can be made available.

Exclusions Under the SUD Life Century Star Plan

Here are the key exclusions under the SUD Life Century Star Plan:

1. Suicidal Cover

   In case death happens because of suicide in a 12-month period, payment will be restricted to 80% of the sum of premiums paid or the value of the surrender, whichever is greater.

2. Total Permanent Disability (TPD)

   TPD benefits will be available only if the corresponding rider is chosen with the basic plan.