SUD Life Retirement Royale Plan

The Star Union Dai-ichi Life (SUD) Life Retirement Royale Plan is a unit-linked, non-participating pension scheme aimed at helping build a retirement fund. This plan offers market-based returns with life insurance coverage and allows for flexibility in premium payment, policy duration, and investment options.

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  • 13.2 Crore Registered Consumer
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13.2 Crore
Registered Consumer
53
Insurance Partners
6.29 Crore
Policies Sold

Eligibility Criteria for the SUD Life Retirement Royale Plan

Criteria Minimum Maximum
Entry Age 25 Years 65 Years
Vesting Age 40 Years 80 Years
Policy Term 10 Years 40 Years
Premium Paying Term Single/5/8/10/15/Regular As Per Plan
Annual Premium ₹36,000 As Per Underwriting

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.

FAQs

  • Is it possible to change my investment policy within the policy term?

    Yes, the plan will allow you to flex between available investment strategies and funds based on market conditions or alternative financial objectives.

  • Are there any restrictions on top-up premiums?

    Yes, the total top-up premiums paid during the policy term must not exceed the base premiums paid. This provides equal growth in investment.

  • When can I start withdrawing money from the plan?

    Withdrawals can only be made in part after the completion of five policy years, under certain conditions and limits.

  • What happens if I do not use the maturity proceeds for an annuity?

    According to the regulations, the maturity proceeds shall be utilised to acquire an annuity, whether in full or in part, to secure regular retirement income.

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Star Union Pension Plans Reviews & Ratings

4.6 / 5 (Based on 350 Reviews)
(Showing Newest 10 reviews)
Sunidhi
Kochi, January 20, 2025
Bajaj Allianz pension plan
I got an amazing deal on a Bajaj Allianz pension plan with lifetime income through Policybazaar.
Haritika
Bhopal, January 19, 2025
Easy to find plans
Policybazaar makes it easy to find pension plans with guaranteed income like HDFC.
Jhanvi
Chandigarh, January 18, 2025
ICICI annuity plan
Thanks to Policybazaar I got a great ICICI annuity plan with regular payments.
Shrishti
Surat, January 17, 2025
Understand features of plan
Policybazaar helped me understand the different features of pension plans including Bajaj Allianz.
Prashant
Bahadrabad, January 16, 2025
Great Policy
I have pnb metlife life insurance pension policy plan which has low premiums and payed quarterly per year. Policy coverage is 89% and claims are high and the payback amount is around Rs.41 K per month. Service is very good and fast. The policy is nice investment for future and it is good tax saver too. Nice plan, I like it.
Manish
Mangalore, January 16, 2025
Fair Policy
I got a very good policy plan from pnb metlife life insurance. The policy is great for future investment nice pension policy plan. The coverage is good ~87%, service is great, even the claims are the best. Good behaviour from executives and staff members. Great policy, very happy with it.
Lalit
Mahabaleswar, January 16, 2025
Fine
My friend suggested me to invest money for future so i buy pnb metlife life insurance and have pension policy plan. The policy coverage is high ~89% and the claim is around Rs.39 K per month after policy get mature. Great services with fast interface.
Rahul
Manipal, January 16, 2025
Very Nice
My pension policy plan is with pnb metlife life insurance. The policy has good coverage approx. 97% with low premium. Claims are also high and the returns is Rs.39 K per month after policy end. Service is fantastic and the executives do best work. Good investment for future and taxes are also reduced.
Jitender
Ratlam, January 16, 2025
Normal Policy
I invest my money for my future security with pnb metlife life insurance. I have pension policy plan. Policy coverage is 91% and claims are around 39 K. Service is good and executives behave well. Nice policy plan.
Bhavya
Sonipat, January 16, 2025
Perfect Plan
I buy pension policy for my parents. My parents are happy with the policy due to low premiums. The returns are high ~Rs.45 K per month for each. The policy coverage is high ~92% and service is rapid and on time. The online facilities are simple and easily accessible. Good job guys.


˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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