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SUD Life Century Plus

A Non-Linked Non-Participating Individual Savings Life Insurance Plan

Now invest just for years and get as guaranteed returns!
You Give
You Get times
For Years

Key benefits of SUD Life Century Plus

Long-term Benefits

Flexibility to choose the policy term between 10-16 years

Loan Facility

Additional protection with Accidental Death and Total & Permanent Disability Benefit Rider

Tax benefit4

Avail Tax Benefit#

Why Choose SUD Life

21,613 Cr

Assets Under Management
as on Sep’23

1.26 Cr

Lives Covered as of


Distribution points as on

How does the plan work?

Benefits explained with Example:

Mohit, age 30 years, has opted for SUD Life Century Plus, premium of 1 lakh and policy term of 16 years. At Maturity, Mohit will receive a maturity benefit of 9.95 Lakh.

(Maturity benefit is calculated as GMB factor multiplied by annualized premium. GMB factor is derived basis age and policy term. In the above illustration for age 30 years, policy term 16 years, the GMB factor is 9.95)

In the event of unfortunate event of death of the policyholder, the nominee will receive a death benefit of 10 Lakh.

(The benefit are subject to policy being fully inforce on the date of the event)

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Frequently asked questions

1.What is SUD Life Century Plus product?

This is limited premium Non-Linked Non -Participating endowment life insurance plan.

2.How long will the plan be active & for how long do I need to pay my Premiums?

This plan offers you the flexibility to choose the Policy Term from 10 years to 16 years and fixed premium paying term of 5 years.

3.Are there any age restrictions for a Life Assured while applying for the plan?

Yes, minimum age 8 years and maximum age 50 years while applying for this plan.

4.What is the Premium Payment mode available?

You can pay your premium on Annual basis only.

5.Are there any restrictions on the Annual Premium?

You can choose Annual Premium between Rs. 1 Lakh to Rs. 2 Crore*. The premium should be in the multiples of Rs. 10,000 and will be accepted subject to Board approved Underwriting Policy of the Company.

*The annual premium as mentioned above is excluding the tax, extra premium if any

6.Does this plan provide Income Tax Benefits?

Yes. Income tax benefits are available on premium paid, and benefits received subject to the conditions stipulated in the Income Tax Act. Please consult your tax advisor for more details.

7.What is the Death benefit payable in this plan?

In the unfortunate event of death of the life assured during the policy term, the Death Benefit (sum assured on death) will be paid immediately to the Nominee and the policy will terminate. Please read the sales brochure for more details on the sum assured on death.

8.In case the policy is taken on life of a minor child, when will the risk commence?

The date of commencement of policy and date of commencement of risk will be same where the policy is taken on life of a minor child. On attainment of majority i.e.,18 years of age, the policy will automatically vest in name of the life assured.

9.Are there any Riders available in this plan?

Yes. You have the option of availing the following riders:

  • SUD Life Accidental Death and Total & Permanent Disability Benefit Rider – Traditional (UIN: 142B005V01)
  • SUD Life Family Income Benefit Rider - Traditional (UIN: 142B007V01)
10.What is the Maturity benefit payable in this Plan?

At maturity, while the policy is inforce, Guaranteed Maturity Benefit will be paid.

11.Is there policy loan facility available under the policy?

Yes, you can avail loan from Star Union Dai-Ichi during the policy term, provided the policy has acquired surrender value, by assigning the policy document as a collateral security. The loan can be availed up to 70% of Surrender Value, subject to other terms & conditions as applicable.

12.How many days grace period if available for payment of renewal premiums?

A grace period of 30 days to pay the due premiums.

13.What will happen if the policy is lapsed?

If the due premiums are not paid before the expiry of grace period, the policy will lapse, and all the benefits will cease under the policy. In case if atleast two full policy year’s premiums are paid and subsequent premiums are not paid, then the policy will continue with reduced benefit and acquire a reduced paid-up status.