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SUD Life Protect Shield Plus – A shield for your family during uncertain times

Secure your loved ones with SUD Life Protect Shield Plus by simply paying
Life Cover
L Till
*Name as per ID proof like Aadhar,PAN etc
Male Female Third

Key benefits of SUD Life Protect Shield Plus

Get Lump Sum amount on Death

Flexibility to choose policy premium payment term from single pay, regular pay, 5, 7,10, 12 & 15 pay

Avail tax benefits

*Tax Benefit as per prevailing norms under the Income Tax Act, 1961 as amended from time to time

Why Choose SUD Life

21,613 Cr

Assets Under Management
as on Sep’23

1.26 Cr

Lives Covered as of

18,000 +

Distribution points as on

How does the plan work?

Benefit explained with Example:

Mr. Rohit has opted for SUD Life Protect Shield Plus. The details are as below
Life Assured Age - 30 years
Premium Frequency - Yearly
Policy Term - 20 years
Premium Paying Term - 20 years
Sum Assured (SA) - 1,00,00,000
Annualised Premium - 9,017 (exclusive of applicable taxes)

Mr. Rohit has opted for SUD Life Protect Shield Plus. The details are as below
Life Assured Age - 25 years
Premium Frequency - Yearly
Policy Term - 20 years
Premium Paying Term - 5 years
Sum Assured (SA) - 2,00,00,000
Annualised Premium - 40,060 (exclusive of applicable taxes)

We are happy to help you

Need help?

Our experts are happy to answer any questions you may have.

Call us at

1800 266 8833

Call centre hours -

Monday to Saturday
09:00 AM to 7:00 PM

Frequently asked questions

1.What is the SUD Life Protect Shield Plus?

This is a Pure Term Life Insurance Plan, which provides life cover to an individual and pays a lumpsum benefit in the unfortunate event of death.

2.What are the premium payment mode available?

Yes, you can choose to pay your premium through Yearly/ Half – Yearly/ Quarterly /Monthly mode or opt for single pay.

3.What are the Premium Payment Terms (PPT)available under this product?

Single Pay | Regular Pay | Limited Premium Payment Term of 5 | 7 | 10 | 12 | 15 years.

4.What are the Policy Term available under this Plan?

You can choose from a minimum policy term of 5 Years to maximum policy term of 40 Years, depending on the PPT chosen.

5.What is the minimum and maximum age of entry?

Minimum age at entry is 18 Years, while maximum is 60 years.

6.What are the Minimum & Maximum Sum Assured available under this product?

Minimum Sum Assured is Rs. 1 Cr and maximum is Rs. 2 Cr. (Sum Assured should be in multiples of 25 lacs).

7.Is there any restriction under this product?

Yes, this product is exclusively available only for individuals who are Non-Smokers. (non-smokers means non consumption of tobacco in any form)

8.What is the death benefit available under this product?

In the event of death of the Life Assured during the Policy Term, death benefit will be paid in lumpsum to the nominee/ beneficiary. Please read the brochure for more details.

9.What is the maturity Benefit?

As this is a pure term product no maturity benefit is available.

10.What will happen in case of non - payment of premium?

In case you miss paying your Premium on the due date, you get a chance to pay them within the grace period. A grace period of 15 days from the due date of the first unpaid premium is available for Monthly and 30 days for all other modes.

11.What happens in case the policy lapses?

If you have opted for Regular Premium payment term – Your policy will lapse if the due premiums are not received within the grace period.

If you have opted for Limited Premium Payment Term – If the due premium for the first two consecutive full years are not paid within the grace period, then the policy will lapse. Once the policy will lapse, the life cover under the policy ceases.

12.What happens if death occur during the grace period?

The Death Benefit under the policy will be paid after deductions of the premiums then due and all premiums falling due and unpaid during the policy year of death.

13.Can you revival your Lapse policy?

You can revive your Lapsed policy within five years from the due date of the first unpaid premium by paying all outstanding premium amount with the applicable interest rate and fulfilling medical and financial requirements as required by the Company.

14.What happens if I could not revive the policy?

Your policy will terminate in case you are unable to revive your lapsed policy.

15.Can I cancel my policy mid-term? What benefit will I receive on such cancellations?

Yes you can cancel your policy mid- term. The company will pay the Policy cancellation Value, depending on the premium payment term and no. of premiums paid.

For Single Pay – Policy will acquire policy cancellation value immediately after receipt of Single Premium.

For Limited Pay – Policy will acquire policy cancellation value if at least first two consecutive full years’ premiums are paid.

A Regular premium payment policy will not acquire policy cancellation value.

16.Does this plan provide Income Tax Benefits?

Yes. Income tax benefits are available on premium paid and benefits received subject to the prevailing tax laws as amended from time to time.

17.When will the policy terminate?

Policy shall terminate on the occurrence of the earliest of the following:

  • - On policy being lapsed and not revived within the revival period
  • - On policy cancellation
  • - On expiry of the Policy Term
  • - On death of the Life Assured
  • - On freelook cancellation of the policy

SUD Life Protect Shield Plus| UIN: UIN: 142N088V02 | A Non-Linked Non-Participating Pure Risk Premium Individual Life Insurance Plan

Star Union Dai-ichi Life Insurance Company Limited

IRDAI Regn. No: 142 | CIN: U66010MH2007PLC174472 I

Registered Office: 11th Floor, Vishwaroop I.T. Park, Plot No. 34, 35 & 38, Sector 30A of IIP, Vashi, Navi Mumbai - 400 703 | 1800 266 8833 (Toll Free) | Timing: 9:00 am - 7:00 pm (Mon - Sat) | Email ID: | Visit: | 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/Fraud Phone calls - IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.