SUD Life e-Wealth Royale Plan

Eligibility Criteria for the SUD Life e-Wealth Royale Plan

Features of the SUD Life e-Wealth Royale Plan

Here are the key features of the plan:

• Life Protection With Wealth Creation: This plan provides life insurance coverage and allows you to invest in market-focused funds to grow long-term finances.
• Selection of Multiple Funds: Policyholders can select from 12 funds to match their investments to their risk tolerance and financial goals.
• Flexible Investment Strategies: Provides self-managed and age-based strategies to manage investments effectively in the long-term.
• None of Allocation Charges: The entire investment is made without deduction of allocation charges, thereby improving investment efficiency.
• Free Fund Switching: 12 free switches per policy year allow portfolio rebalancing.
• Loyalty Additions and Wealth Boosters: Periodically adding units increases the fund's value in the long run.

Benefits of the SUD Life e-Wealth Royale Plan

The SUD Life e-Wealth Royale Plan is a combination of protection and growth of the wealth and has a number of value-added benefits:

• Death Benefit: Upon the policyholder's death during the policy term, the nominee receives the sum assured, the fund value, and 105% of the cumulative amount of premiums paid, whichever is greater. This guarantees the family's financial security.
• Maturity Benefit: If the policy owner survives until the end of the policy period, they receive the entire fund value. Also, all the recovered charges that qualify within the policy term can be re-added, increasing the overall payout.
• Return of Charges: The most important aspect of this plan is that it refunds the insured, at specified intervals, some charges, including mortality and policy administration charges. These are attributed to the fund's value and contribute to better long-term returns.
• Liquidity Partial Withdrawals: The plan allows partial withdrawals after the required lock-in period. This provides flexibility to access funds when financial needs arise without stopping the policy.
• Tax Benefits: The tax laws of the day can provide tax benefits for premiums paid and benefits received under the policy, making it a tax-efficient investment choice.

Riders Under the SUD Life e-Wealth Royale Plan

This plan does not offer additional riders.

However, under the Platinum Plus option, an additional risk benefit is available in case of accidental total and permanent disability.

Policy Details of the SUD Life e-Wealth Royale Plan

1. Grace Period

   A 15-day grace period (monthly mode) and a 30-day grace period (other modes) are granted, during which the premium must be paid. This is the policy that is still in operation.

2. Revival

   The policy can also be revived after three years from the date of the initial unpaid premium, subject to the terms and conditions.

3. Free Look Period

   You will have 15 days (30 days for distance marketing) to review the policy and revoke it if you are not satisfied.

4. Surrender

   The policy can be abandoned after the lock-in period has passed. The value will be conclusive on the policy terms.

5. Fund Switching

   You can switch the funds at no additional cost throughout the policy term.

Exclusions Under the SUD Life e-Wealth Royale Plan

1. Suicidal Cover

   • No death benefit is payable if suicide occurs within 1 year; only the fund value is paid.

2. Total Permanent Disability (TPD)

   • No benefit is payable if disability arises due to hazardous activities, self-inflicted injuries, or excluded conditions.