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SUD Life Century Gold - A promise of Golden Happiness

UIN: 142N087V04

SUD Life Century Gold is a Non-Linked Non-Participating Individual Savings Life Insurance plan that safeguards future saving with guaranteed returns & life cover protection. With our guaranteed maturity benefit, you are protected against volatility of market return.

Now invest just for years and get as guaranteed returns!
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This plan is right for you if:
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What is SUD Life Century Gold Plan?

The SUD Life Century Gold plan provides steady growth and protection, ensuring that your financial goals—such as securing your child’s education or planning for important life stages—stay on track, unaffected by external financial fluctuations. The plan allows flexibility in choosing premium payment terms and policy term to align with your needs. There are two plan options, and the second option ensures your child’s future is protected with its three-part death benefit.

Ideal for individuals seeking long-term savings and financial security for their families, this plan also offers loan options against the policy’s surrender value to provide emergency access to funds. Along with these benefits, the plan offers tax advantages under current tax laws, making it an excellent option for those aiming to boost their savings while ensuring future security.

With its guaranteed maturity benefits SUD Life Century Gold is a practical choice for those who want to build a financial cushion while meeting life’s essential milestones.

Download Plan Related Documents

Detailed information available for download

Product Brochure (Prospectus)
Policy Document

How Does SUD Life Century Gold Plan Work

01.

When you purchase the SUD Life Century Gold, you select the following details:

  • Plan option
  • Policy term
  • Premium payment term
  • Premium amount
  • Frequency of premium payments
02.

The death benefit would depend on plan option chosen and is paid if the life insured dies during the policy term.

03.

If the life insured survives the policy term and the plan matures, a maturity benefit is paid. The benefit is calculated as the sum assured on maturity plus the accrued guaranteed additions. The sum assured on maturity depends on the plan option selected, the policy term and your age.

04.

During the policy term, your policy earns guaranteed additions which are calculated as a percentage of the annualized premium paid. The percentage depends on the plan option selected.

Let us understand this with an example:

Plan Option: Goal Sure

Mr. Rohit has opted SUD Life – Century Gold (Plan Option – Goal Sure). The details are as below
Life Assured Age - 35 years
Premium Frequency - Yearly
Policy Term - 20 years
Premium Paying Term - 10 years
Sum Assured on Death - ₹ 10,50,000
Annualized Premium - ₹ 1,00,000 (exclusive of applicable taxes)

On unfortunate death of Life assured during 7th policy year, nominee or beneficiary will get death benefit as:

Note: above example GA does not accrue, and Sum Assured on Death is highest as mentioned in the death benefit under this option.

Plan Option: Edu Sure

Mr. Rohit has opted SUD Life – Century Gold (Plan Option- Edu Sure). The details are as below
Life Assured Age - 35 years
Premium Frequency - Yearly
Policy Term - 20 years
Premium Paying Term - 10 years
Sum Assured on Death - ₹ 10,50,000
Annualized Premium - ₹ 1,00,000 (exclusive of applicable taxes)

On unfortunate death of Life assured during 7th policy year, nominee or beneficiary will get death benefit as:

Total Monthly Income = ₹ 7,80,000 = 5% of Annualized Premium x No. of months of the payment till end of policy term i.e. from 8th Policy year till end of 20th Policy Year (i.e. ₹ 5,000 X 156 months)

Note: In the above illustrations the timeline starts with 0 as the premium payment starts from the beginning of the first year.

Eligibility Criteria

Parameters Minimum Maximum
Entry Age
Goal Sure Edu Sure
0 years (91 days) 18 years
Premium payment term Goal Sure Edu Sure
5 years 45 years 45 years
6 years 47 years 45 years
8 years 55 years 45 years
10 years 60 years 45 years
Maturity age
Goal Sure Edu Sure
18 years 33 years
Goal Sure Edu Sure
80 years 67 years
Policy term For PPT 5 or 6 years: 15, 16, 17, or 18 years For PPT 8 years or 10 years: 18, 19, 20, 21, or 22 years
Premium Payment Term 5, 6, 8, or 10 years
Annualized Premium
PPT Annual Premium
5 years ₹ 3,00,000
6 years ₹ 2,50,000
8 years ₹ 1,50,000
10 years ₹ 1,00,000
Sum assured
PPT Annual Premium
5 years ₹ 31,50,000
6 years ₹ 26,25,000
8 years ₹ 15,75,000
10 years ₹ 10,50,000
Premium payment frequency Annual, Semi-annual, Quarterly, Monthly

Minimum
Goal Sure Edu Sure
0 years (91 days) 18 years
Maximum
Premium payment term Goal Sure Edu Sure
5 years 45 years 45 years
6 years 47 years 45 years
8 years 55 years 45 years
10 years 60 years 45 years

Minimum
Goal Sure Edu Sure
18 years 33 years
Maximum
Goal Sure Edu Sure
80 years 67 years

For PPT 5 or 6 years: 15, 16, 17, or 18 years For PPT 8 years or 10 years: 18, 19, 20, 21, or 22 years

5, 6, 8, or 10 years

PPT Annual Premium
5 years ₹ 3,00,000
6 years ₹ 2,50,000
8 years ₹ 1,50,000
10 years ₹ 1,00,000

PPT Annual Premium
5 years ₹ 31,50,000
6 years ₹ 26,25,000
8 years ₹ 15,75,000
10 years ₹ 10,50,000

Annual, Semi-annual, Quarterly and Monthly
*The maximum Sum Assured as per Board approved Underwriting Policy.

Plan Variants

Goal Sure
View Details

In the event of the life insured’s death during the policy term, a lump-sum death benefit is paid to the nominee. The death benefit will be the highest of the following –
● Sum assured on death, which is 10.5 times the annualized premium + accumulated guaranteed additions + guaranteed addition for the year of death (if applicable)
 ● surrender value as of the date of death
 ● death benefit factor is multiplied by the guaranteed maturity benefit.

Goal Sure

In the event of the life insured’s death during the policy term, a lump-sum death benefit is paid to the nominee. The death benefit will be the highest of the following –
● Sum assured on death, which is 10.5 times the annualized premium + accumulated guaranteed additions + guaranteed addition for the year of death (if applicable)
 ● surrender value as of the date of death
 ● death benefit factor is multiplied by the guaranteed maturity benefit.

Edu Sure
View Details

This plan option offers a structured death benefit paid in three parts:
● Part 1: An immediate lump-sum benefit to the nominee (sum assured on death)
 ● Part 2: An income benefit of 5% of the annualized premium, paid each month starting from the month in which death occurred till the end of the policy term.
 ● Part 3: A lump-sum payment equivalent to the guaranteed maturity benefit at the end of the policy term.

Edu Sure

This plan option offers a structured death benefit paid in three parts: ● Part 1: An immediate lump-sum benefit to the nominee (sum assured on death) ● Part 2: An income benefit of 5% of the annualized premium, paid each month starting from the month in which death occurred till the end of the policy term. ● Part 3: A lump-sum payment equivalent to the guaranteed maturity benefit at the end of the policy term.

Under both plan options, the minimum death benefit is at least 105% of the total premiums paid until the date of death.

If the Life Insured survives until the end of the policy term, they receive the sum assured on maturity (SAM) along with the accumulated guaranteed additions. SAM is calculated by multiplying the SAM factor by the annualized premium. The SAM factor depends on your entry age, policy term (PT), and the selected plan option.

SUD Life Century Gold Insurance Plan Benefits

Here are the benefits that you get from the plan

Guaranteed Maturity Benefit
View Details

On survival until the end of the policy term, the policyholder receives a lump sum amount known as the maturity benefit, which includes the sum assured on maturity along with any accrued guaranteed additions.

Guaranteed Maturity Benefit

On survival until the end of the policy term, the policyholder receives a lump sum amount known as the maturity benefit, which includes the sum assured on maturity along with any accrued guaranteed additions.

Guaranteed Additions
View Details

Guaranteed Additions (GA) enhance a policy's value over time. They are calculated as a percentage of the annualized premium and accumulate annually.

Guaranteed Additions

Guaranteed Additions (GA) enhance a policy's value over time. They are calculated as a percentage of the annualized premium and accumulate annually.

Death Benefit
View Details

In the event of a life assured death during the policy term, the nominee receives a lump sum death benefit. Depending on the chosen plan option, additional benefits may include monthly income and a lump sum at the end of the policy term.

Death Benefit

In the event of a life assured death during the policy term, the nominee receives a lump sum death benefit. Depending on the chosen plan option, additional benefits may include monthly income and a lump sum at the end of the policy term.

Loan facility
View Details

The policy offers a loan facility of 70% of Surrender Value, allowing policyholders to borrow against the policy's value in times of financial need, providing flexibility while keeping the policy active.

Loan facility

The policy offers a loan facility of 70% of Surrender Value, allowing policyholders to borrow against the policy's value in times of financial need, providing flexibility while keeping the policy active.

Freelook period
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If you are not satisfied with the policy, you can return it to the insurance company and get your premiums refunded during the freelook period. The freelook period is allowed for 30 days from the date of receiving the policy documents. The premium is refunded after adjusting for the applicable charges.

Freelook period

If you are not satisfied with the policy, you can return it to the insurance company and get your premiums refunded during the freelook period. The freelook period is allowed for 30 days from the date of receiving the policy documents. The premium is refunded after adjusting for the applicable charges.

Why choose SUD Life Century Gold?

SUD Life Century Gold is the ideal plan for you because:

It offers two plan options—Goal Sure and Edu Sure—to cater to different financial goals and needs.
It provides a substantial death benefit to ensure financial security for beneficiaries, including additional monthly income options in the Edu Sure plan.
It ensures a lump sum maturity benefit that combines the sum assured and guaranteed additions for enhanced financial support upon policy maturity.
You only have to pay limited premiums for the policy, and you can enjoy coverage for a longer tenure.
The Edu Sure option can be used as a tool to secure your child’s financial future with the death benefit that it provides.
It is designed for long-term savings and financial protection, suitable for individuals looking to secure their family’s future.
Premiums paid and benefits received may qualify for tax deductions under applicable sections of the Income Tax Act, enhancing the overall value of the investment.
It provides various premium payment frequencies, including annual, semi-annual, quarterly, and monthly, for convenience.
TESTIMONIALS
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Best Insurance Support Team

Choosing SUD Life Insurance was one of the best decisions I've made for my family's future. Their attentive team made the entire process seamless, ensuring I found the perfect plan tailored to my needs.

Ramesh Bhalchandra Patil
Companies in India for Life Insurance Policy with a Wide Reach

Choosing SUD Life Insurance was one of the best decisions I've made for my family's future. Their attentive team made the entire process seamless, ensuring I found the perfect plan tailored to my needs.

Suresh Gajanan Patil
Best Insurance Claim Support Team

Choosing SUD Life Insurance was one of the best decisions I've made for my family's future. Their attentive team made the entire process seamless, ensuring I found the perfect plan tailored to my needs.

Ramprakash Shivram Yadav

Why Choose SUD Life

98.84% Claim Settled as per 31.03.2024
20,000+ 19000+ Distribution Points across India for Life Insurance Purchase and Service
31,000+ Cr Assets Under Management
1,52+ Cr Happy Customers
Hassle Free Easy Payments
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Frequently asked
questions (FAQs)

Guaranteed Additions will accrue as per the table below:

PPT GA Start Year % of Annualized Premium (Goal Sure Plan) % of Annualized Premium (Edu Sure Plan)
5 6 40% 30%
6 7 50% 40%
8 9 60% 50%
10 11 70% 60%

If the life insured is a minor aged 5 years or older when the policy is purchased, coverage will begin immediately. However, if the life insured is under 5 years old, coverage will not commence right away. In these instances, risk coverage will start either one day before the completion of two years from the policy's commencement date or on the first monthly policy anniversary after the child turns 5, whichever comes first.

If premiums aren’t paid for the first full policy years, the policy lapses, ending all coverage and benefits. If you’ve paid at least one full year but miss further payments, it becomes Reduced Paid-Up, losing eligibility for Guaranteed Additions. Upon death during the policy term, the death benefit will be the Paid-Up Sum Assured. Edu Sure plan will also provide a monthly income of 5% of the Annualized Premium. If the policyholder survives, the Paid-Up Sum Assured on Maturity will be payable. You can also surrender the policy for the higher of the Guaranteed or Special Surrender Value.

You have a grace period of 30 days for quarterly, semi-annual or annual payment modes, and 15 days for monthly payment mode to pay the overdue premium. This grace period begins from the due date of each premium payment.

Yes, you can revive your lapsed or reduced paid-up policy within 5 years from the due date of the first unpaid premium by providing proof of insurability and paying any outstanding premiums with applicable interest. Once revived, all benefits will be restored to their original levels.

If the life insured dies by suicide within 12 months of the policy's risk commencement or its revival date, the nominee will receive the higher of 80% of the total premiums paid till the date of death or the surrender value available as on the date of death, as long as the policy is still in force.

Yes, you can surrender your policy at any time during the policy term, provided it has acquired a Surrender Value,. The Surrender Benefit will be the higher of the GSV, i.e. the Guaranteed Surrender Value or the SSV, or the Special Surrender Value.

Disclaimers

Star Union Dai-ichi Life Insurance Company Limited is the name of the Insurance Company and “SUD Life Century Gold” is the name of the plan. Neither the name of the Insurance Company nor the name of the plan in anyway indicates the quality of the plan, its future prospects or returns.

SUD Life Century Gold | UIN: 142N087V04 | A Non-Linked Non-Participating Individual Savings Life Insurance Plan

Star Union Dai-ichi Life Insurance Company Limited | IRDAI Regn. No: 142 | CIN: U66010MH2007PLC174472

Registered Office : Unit no. 1101, 11th Floor, Building No. 1 Raheja Mindspace Juinagar, Plot No. GEN 2/1/E, TTC Industrial Area, MIDC Juinagar, Navi Mumbai – 400706. | 1800 266 8833 (Toll Free) | Timing: 9:00 am - 7:00 pm (Mon - Sat) | Email ID: customercare@sudlife.in | Visit: www.sudlife.in

For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. Trade-logo displayed belongs to M/s Bank of India, M/s Union Bank of India and M/s Dai-ichi Life International Holding LLC and are being used by Star Union Dai-ichi Life Insurance Co. Ltd. under license

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS/ FRADULENT OFFERS :IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.