On purchasing the SUD Life Fortune Royale Insurance plan, you choose the following details:

• Premium amount
• Premium payment term
• Policy duration
• Benefit option.

The death benefit, maturity benefit, and additional income will depend on the premium payment term and premium amount that you have chosen.

If the life assured dies during the policy term, the nominee receives a death benefit that includes the Sum Assured on Death, which is 10.5 times the annualized premium, and a specified bonus. The accrued guaranteed additions might also be paid, depending on the plan option selected.

If the policyholder survives the entire term, a maturity benefit is paid out, which includes the Sum Assured on Maturity along with any bonuses, ensuring your financial goals are met.

The plan offers three main benefit options to choose from at the beginning, tailored to different needs.

Option 1 – Income Benefit:

• If declared, you will receive a regular income through a cash bonus starting (If Declared) at the end of the first year after the premium payment term (PPT) and continuing until the policy ends.
• Additionally, the policy may include a Terminal Bonus if declared by the company.
• So, if you pass away during the policy term, the nominee will receive a lump sum as a death benefit. This will include the Sum Assured on Death, plus any cash bonus declared for that year and a Terminal Bonus if it is also declared.
• If you survive until the end of the policy term and the policy is active, you will get a Sum assured on maturity and a terminal bonus (if declared) as a Guaranteed Maturity Benefit.

Option 2 – Lumpsum Benefit

• This one focuses on wealth creation, with the addition of Guaranteed Additions and Simple Reversionary Bonuses.
• Guaranteed Additions will be added to the policy at the end of each year, starting from the end of first policy year and continuing until the end of the Premium Payment Term, as long as the policy remains active. The amount is dependent on the annual premium and premium payment term.
• The company announces a Simple Reversionary Bonus from time to time. If declared, the bonus will be added to all active policies at the end of each policy year, starting from the end one year after the Premium Payment Term ends and continuing until the policy term is complete.
• If you pass away during the policy period, the beneficiary will receive a lump sum as a death benefit. This will include the Sum Assured on Death plus any accumulated Guaranteed Additions, any declared Reversionary Bonus, and any Terminal Bonus if declared by the company.
• If you survive until the end of the policy term and the policy is still active, you will get Sum Assured on maturity along with above bonuses as Guaranteed Maturity Benefit.

Option 3 – Child Future Secure

• This plan covers all the benefits of Option 2 along with Waiver of Premium. It covers children while the parents are the policyholder.
• If you who is the initial policyholder die or suffer a total and permanent disability due to an accident, the Waiver of Premium (WOP) benefit is triggered. This means that no future premiums will be required, and the policy will continue until it reaches maturity, is surrendered, or the life assured passes away.
• All the bonuses will continue to be added as per the original plan. The death benefit and maturity benefit are calculated in the same way as Option 2.