SUD Life Wealth Creator Plan

Eligibility Criteria for the SUD Life Wealth Creator Plan

Features of the SUD Life Wealth Creator Plan

The SUD Life Wealth Creator plan combines long-term wealth creation with flexible investment control. Key features include:

• The plan offers two investment strategies: self-managed and age-based, allowing you to either actively manage your portfolio or follow an automatic allocation that adjusts with age.
• You can invest across multiple fund options, including equity, debt, and balanced funds, helping you diversify your portfolio based on your risk appetite and financial goals.
• A loyalty addition of 1% of the annual premium is credited in the 11th policy year, enhancing the overall fund value over time.
• The plan provides a return of mortality charges at maturity, effectively refunding the cost of life cover and improving net returns.
• It allows fund switching and premium redirection, giving you the flexibility to realign your investments in response to changing market conditions.

You can explore more options under Star Union Dai-ichi ULIP Plans to compare similar market-linked insurance plans and choose what suits your goals.

Benefits of the SUD Life Wealth Creator

The SUD Life Wealth Creator plan has both protection and investment advantages. It is appropriate in situations where individuals wish to build wealth over the long term through life insurance.

• Maturity Benefit: You get the fund value back based on the current NAV, and the mortality charges are also returned on policy survival, whether the policy is in force or not.
• Death Benefit: In case of the life assured’s death during the policy term, the nominee receives the highest of:
  • Sum Assured (adjusted for withdrawals)
  • Fund Value
  • 105% of total premiums paid
• Wealth Creation: Market-linked investments allow you to grow your savings based on fund performance.
• Flexibility: You are free to alternate funds, to change allocation, and invest aggressively.

Policy Details of the SUD Life Wealth Creator

Understanding the policy details helps you manage the plan better and avoid disruptions.

1. Grace Period

   There will be a 30-day grace period (15 days in monthly mode) to pay due premiums.

2. Revival

   The policy may be reinstated within a specified period after suspension by paying the arrears.

3. Free Look Period

   You may review the policy for 30 days and cancel it if you are dissatisfied.

4. Surrender

   The policy may be surrendered at any time; however, complete benefits cannot be enjoyed until one completes 5 years in the lock-in period.

5. Fund Switching

   You are allowed 12 free fund switches per year.

   If you are looking for broader options, you can explore different investment plans to find one that aligns with your financial needs.

Exclusions Under the SUD Life Wealth Creator

• Suicidal Cover: The nominee will get the fund value according to the policy terms in case a death happens because of suicide within 12 months after the date of the policy inception or revival.