SUD Life Retirement Royale Plan

Eligibility Criteria for the SUD Life Retirement Royale Plan

Features of the SUD Life Retirement Royale Plan

The SUD Life Retirement Royale Plan is designed to help build a retirement corpus through flexible investment options and policy features. Key features of the plan include:

• Choice of Benefit Options: It offers two variants: Growth Plus and Secure Plus, so you can select based on your retirement goals and risk preferences.

• Flexible Investment Strategies: Provides multiple strategies, including self-managed, age-based, and term-based approaches, enabling you to align investments with your financial planning style.

• Top-Up Premium Facility: Allows you to invest additional amounts during the policy term to enhance your retirement savings.

• Return of Policy Administration Charges (RoPAC): Policy administration charges deducted during the term are refunded at maturity, improving the overall fund value.

• Partial Withdrawal Facility: Permits withdrawals after five policy years to meet specific financial needs such as education or medical expenses.

• Fund Switching and Premium Redirection: Enables you to switch between funds and redirect future premiums, giving you better control over your investment portfolio.

​SUD Life Retirement Royale Plan is very flexible and has a growth potential, making it a good choice among Star Union Dai-ichi Traditional Plans.

Benefits of the SUD Life Retirement Royale Plan

Below are the key benefits of the SUD Life Retirement Royale Plan:

1. Death Benefit Protection:

   The nominee receives guaranteed financial security in the event of death, in an amount greater than the fund's value or the defined assured benefit.​

2. Vesting (Maturity) Benefit:

   Upon maturity, they pay you the fund balance and the accumulated charges, which may be invested in annuity plans.​

3. Guaranteed Additions (Growth Plus):

   New units are added from time to time, and the fund's value increases.​

4. Secure Plus Guarantee:

   Guarantees at least 101% of total premiums paid or the fund value, whichever is greater.​

5. Options on annuity retirement income:

   Change maturity proceeds into periodic pension income as a long-term financial security.

​SUD Life Retirement Royale Plan is one of the best investment plans for retirement-oriented wealth creation and income planning.

Policy Details of the SUD Life Retirement Royale Plan

Here are some of the policy details under the plan:

1. Grace Period

   There is a 30-day grace period (15 days in the monthly mode) to pay premiums without losing coverage.

2. Revival

   The policy is revivable for 3 years following the initial unpaid premium, subject to conditions and terms.

3. Free Look Period

   You can cancel after the 30-day free look period if you are not satisfied with the policy.​

4. Surrender

   The policy is surrenderable at any time and will be paid out in accordance with the lock-in and annuitization provisions.

5. Fund Switching

   Unlimited fund switches are allowed at no additional cost under the self-managed strategy.

Exclusions under the SUD Life Retirement Royale Plan

1. Suicidal Cover

   In case of death occurring as a result of suicide within a period of 12 months, the fund value is paid off.

2. Total Permanent Disability (TPD)

   The base plan does not offer any independent TPD benefit.