SUD Life Guarantee Royale Plan

Eligibility Criteria for the SUD Life Guarantee Royale Plan

Features of the SUD Life Guarantee Royale Plan

Here are the key features of the plan:

• Guaranteed Maturity Benefit: The maturity benefit under this plan is a fixed sum of money that is guaranteed to be paid to you at the end of the policy term.
• Guaranteed Additions: The policy provides guaranteed additions each year. The guaranteed addition is added to your policy over the years. This allows you to increase your policy corpus over the years.
• Maturity Loyalty Additions: The policy provides you with maturity loyalty additions in case you have kept your policy for the entire policy term. The maturity loyalty addition is paid to you at the policy's maturity. This addition is in addition to the maturity benefit.
• Flexible Premium Options: The policy allows you to choose different premium payment terms. The policy term can also vary, allowing you to increase your policy corpus more efficiently.
• Increasing Benefits: The maturity benefit and death benefit increase over the years due to the addition of guaranteed additions. This allows you to increase your policy benefits more efficiently.
• Special Benefits for Women: The policy provides a discount on the first year’s premium for female policyholders. This allows women to save more by paying a lower premium.

Benefits of the SUD Life Guarantee Royale Plan

Below are the benefits of this plan:

1. Maturity Benefit:

   On survival until policy maturity, the life assured receives the following:

   • Sum Assured on Maturity
   • Accrued Guaranteed Additions
   • Maturity Loyalty Additions

2. Death Benefit:

   In case of death during the policy term, the nominee receives the highest of:

   • Sum assured on death plus additions
   • A factor-based benefit linked to maturity value
   • 105% of total premiums paid

3. Guaranteed Additions:

   • Accrue on a yearly basis during the policy term
   • Increase death and maturity benefits

4. High Premium Benefit:

   Higher premiums result in higher maturity benefits.

Riders Under the SUD Life Guarantee Royale Plan

The following riders are available:

• Accidental Death And Total & Permanent Disability RiderProvides financial protection through lump sum or structured payouts in case of accident or disability.
• Family Income Benefit RiderOffers a monthly income to the nominee for 10 years in case of death.

Policy Details of the SUD Life Guarantee Royale Plan

1. Grace Period

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

2. Revival

   The policy can be revived within 5 years from the first unpaid premium by paying dues with applicable interest.

3. Free Look Period

   Policyholders can cancel the policy within 30 days of receipt if not satisfied.

4. Surrender

   The policy can be surrendered after completion of the first policy year. The higher Guaranteed Surrender Value or Special Surrender Value is payable.

5. Loan

   Loans up to 70% of the surrender value are available, subject to terms and conditions.

Exclusions Under the SUD Life Guarantee Royale Plan

1. Accidental Death And Total & Permanent Disability Rider

   Provides protection in case of accident or disability through a lump sum or structured payout.

2. Family Income Benefit Rider

   Provides the nominee with a monthly income for 10 years in the event of death.