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SUD Life Fortune Royale

Guarantee Bhi! Bonus Bhi!

2Applicable only under Benefit Option 1 - Income Benefit. Based on performance of participating fund, the Company may declare Cash Bonus.
3Available only under Benefit Option 2 – Lumpsum Benefit & Benefit Option 3 – Child Future Secure. It will accrue and be attached to the policy at the end of each policy year starting from the first policy year up to the end of PPT provided the policy is in-force.
This plan is right for you if:
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Key benefits of SUD Life Fortune Royale

Flexibility

Flexibility to choose between 3 Benefit Options – Income Benefit, Lumpsum Benefit & Child Future Secure

Cash Bonus

Receive regular income by way of Cash Bonus2

Guaranteed Additions

Guaranteed Additions3 till end of premium paying term

Waiver of Premium Benefit

Waiver of Premium Benefit available under benefit option 3 - Child Future Secure

Child’s Future & Wealth Creation

Single window solutions for securing Child’s Future & Wealth Creation

Tax Benefits

Tax Benefits on premiums paid & maturity4

Why Choose SUD Life

21,613 Cr

Assets Under Management
as on Sep’23

1.26 Cr

Lives Covered as of
Sep’23

18,000 +

Distribution points as on
Sep’23

How does the plan work?

Let us understand this with an example:

Benefit Option 2: Lumpsum Benefit

Mr. Rohit, healthy male age 40 years has opted SUD Life Fortune Royale (Option 2- Lumpsum Benefit).

Premium Paying Term - 5 years Premium Frequency – Yearly Sum Assured - ₹ 10,50,000

Policy Term - 11 years Annualised Premium - ₹ 1,00,000 (exclusive of applicable taxes)

The rate of return assumed in the illustration at 4% and 8% shall not be considered as forecast, as the rate of returns are not guaranteed and they are not the upper or lower limit of what you might get back, as the value of the policy depends on a number of factors including future investment performance.

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Call us at

1800 266 8833

Call centre hours -

Monday to Saturday
09:00 AM to 07:00 PM

Frequently asked questions

What is the maximum maturity age under this plan?

80 Years of age as on last birthday.

What Premium Payment modes are available under this plan?

Yearly, Half Yearly, Quarterly and Monthly option.

What are the benefit options available under this plan?

Option 1 Income Benefit; Option 2 Lumpsum Benefit; Option 3 Child Future Secure

(Policyholder has option to choose any one of the three options at inception of the policy. Once chosen, this option cannot be changed during the policy term)
When the Guaranteed Additions does starts to accumulate?

Guaranteed additions starts to accumulate at the end of each policy year starting from the end of first policy year till the end of the Premium payment term provided the policy is inforce and will be paid along with the maturity, surrender, or death benefit whichever is earlier. This benefit is available only under Benefit Option 2 – Lumpsum Benefit & Benefit Option 3 – Child Future Secure.

When is cash bonus paid under this plan?

The policyholder will receive cash bonus annually on policy anniversaries starting from one year after end of Premium Payment Term till the end of the Policy Term, if declared by the Company based on the performance of participating fund. Cash Bonus is available under only Benefit Option 1 – Income Benefit.

Is Policy loan available under this product?

Yes, upto 70% of the Surrender Value at applicable interest rate.

When is Terminal Bonus paid under this plan?

Terminal Bonus, if declared by the Company will be paid along with maturity benefit or death benefit or surrender benefit, provided the policy is in-force. Not applicable in case the policy is in reduced paid-up status.

Are there any riders available under this plan?

No, There is no rider available.

When is Simple Reversionary Bonus declared under this plan?

Simple Reversionary Bonus will be declared and attached to all in-force policies at the end of each policy anniversary starting from one year after end of Premium Paying Term till the end of the policy term. Reversionary Bonus shall be paid on maturity, surrender or death whichever is earlier. This benefit is available only under Benefit Option 2 – Lumpsum Benefit & Benefit Option 3 – Child Future Secure.

Waiver of Premium is available under which benefit option?

Benefit Option 3 – Child Future Secure only.

What is waiver of Premium?

Waiver of premium is a benefit in a life insurance policy that waives off the premium payments by the insured if the policyholder suffers from accidental total & permanent disability or Death provided the policy is in-force as on the date of event.

What is the advantage of waiver of Premium in this policy?

Only one individual who is Policyholder at the inception of the Policy will be covered for Waiver of Premium (WOP) benefit. Upon death or accidental total & permanent disability of the policyholder provided the policy is in-force as on the date of event, below benefits shall be applicable:

  • - All future premiums post the date of event will be waived off.
  • - Policy will continue as in-force till maturity or death of Life Assured or surrender, whichever is earlier.
  • - Guaranteed Additions will continue to accrue as per in-force policy.
  • - Simple Reversionary Bonus, if declared will continue to attach as per in-force policy.
  • - Terminal Bonus, if declared shall be payable upon death of the Life Assured, maturity or surrender whichever is earlier.