SUD Life POS – SUD Life Sanchay Plan

Eligibility Criteria for the SUD Life POS – SUD Life Sanchay Plan

Features of SUD Life POS – SUD Life Sanchay Plan

This section highlights the key attributes of the plan. Here are the key features of the SUD Life POS – SUD Life Sanchay Plan:

• Guaranteed Income For 10 Years: The plan provides predictable annual payments over 10 consecutive years, beginning in the 11th policy year, and helps you build a stable second stream of revenue.
• Restricted And Structured High-end Payments: The premiums are paid over a set period of 10 years, making it easier to plan your finances with predictable, clear commitments.
• No Medical Test Required: The plan provides hassle-free issuance under POS guidelines, so you do not need to undergo medical examinations to obtain coverage.
• Flexible Payout Option: At the payout stage, you can take the outstanding benefits as a lump sum rather than receive them in annual installments.
• Several Premium Models of Payments: Pay monthly, quarterly, half-yearly, or annually, based on your income and convenience.
• Tax Benefits according to the Applicable Laws: Depending on current income tax regulations, premiums paid and benefits obtained may be deductible.

SUD Life POS – SUD Life Sanchay Plan is a reliable choice within Star Union Dai-ichi Traditional Plans for building a steady income stream.

Benefits of the SUD Life POS – SUD Life Sanchay Plan

The following are the benefits of the SUD Life POS – SUD Life Sanchay Plan:

• Guaranteed Your Maturity Benefit: Upon maturity, one receives 150% of their yearly premium as a fixed annual income over 10 years, providing steady, predictable cash flow.
• Death Benefit With Income Continuity: In the event of the policyholder's death, the nominee will still receive the scheduled payouts to ensure financial stability is not disrupted.
• Lump Sum Option During Payout: It is flexible to convert future payouts into a lump-sum value to be paid at the payout stage, discounted at the relevant rates.
• Financial Independence: SUD Life POS - SUD Life Sanchay Plan helps you develop a second source of income to better control your future expenses and achieve your long-term financial goals.
• Predictable Returns: The Plan is non-linked, which means it offers guaranteed returns that are not subject to market movements, ensuring consistency and reliability.

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

Policy Details of the SUD Life POS - SUD Life Sanchay Plan

This section explains key operational aspects of the policy. Here are some of the key policy details of the plan:

1. Grace Period

   Premiums have a 30-day grace period (15 days in the monthly mode).

2. Revival

   By paying pending premiums with interest applied, the policy may be resumed within 5 years.

3. Free Look Period

   One may have a 30-day free trial period to go through and cancel the policy if needed.

4. Loan

   Policy loans up to 70% of the surrender value can be availed during the policy term.

Exclusions under the SUD Life POS – SUD Life Sanchay Plan

This section outlines situations where benefits may be restricted. Here are the key exclusions:

Suicidal Cover

In case of death as a result of suicide within 12 months, it is restricted to 80% of premiums paid or surrendered value.

Total Permanent Disability (TPD)

No standalone TPD benefit unless covered under applicable provisions.