This Plan is suitable for all. Be it someone purchasing insurance for the first time, salaried professionals, business owners and even those planning for their retirement. This plan offers policy term that can make it a good choice for an individual between the age of 18 years to 60 years.

The minimum Annualized Premium Rs. 50,000.

You can choose to pay your instalment premiums on Yearly, Half-yearly, Quarterly, or monthly mode.

You can choose any policy term between 15 to 25 years depending upon your premium payment term

The minimum age of the Life Assured at policy maturity should be 33 years. But the maximum age should not exceed 85 years.

Yes, you get an extra benefit by paying higher premium. The Maturity Benefit will be increased depending on the plan option and premium amount.

This product provides three Plan options which are also called the ‘income options. The policyholder has to select any one income option while purchasing the product. The three income options are:

-Immediate Income

-Deferred Income

-Twin Income

Survival benefit i.e. Guaranteed Income which is 10% of Annualized Premium will be paid from the end of the 1^st policy year and it will continue to be paid till the end of the Policy Term, provided the policy is inforce. Additionally, the policyholder will also be eligible for receiving a benefit of increasing Loyalty Income from the end of 2nd Policy Year till the end of the Policy Term.

The policyholder will receive survival benefit i.e. Guaranteed Income starting from one year after the end of your Premium Payment Term, till the end of Policy Term, provided the policy is inforce. The Guaranteed Income will be 30% of Annualized Premium increasing each policy year by 3% thereafter till the end of the policy term.

Survival benefit i.e. Guaranteed Income will be paid for 2 consecutive policy years at specified durations depending on your PPT and Policy Term. Each Guaranteed Income will be equal to 105% of the Annualized Premium, where the first set of Guaranteed Income will be paid for two consecutive years prior to the end of Premium Payment term. Set would mean two incomes payable in 2 consecutive years.

In addition to the survival benefits mentioned above, this product also provides you life insurance coverage against unforeseen events or maturity benefit at the end of the policy term, as applicable.

Yes, during the Premium Payment Term, you have an option to alter/ change the premium payment mode as available under the policy. This option can be exercised only on Policy Anniversary.

This option allows the policyholder to offset the due premium against the accrued income receivable as well as the income accumulated with the company along with the interest under the “accumulate the income option in savings Safe Box”.

This feature is available only for “Immediate Income” and “Deferred Income” “Special Date” feature allows Policyholder to receive the survival benefit on any date succeeding the due date of first income to coincide with any special date as per the choice instead of policy anniversary.

Special date can be any date that falls within 365 days after first income due date, such as spouse’s birthday, parents' anniversary, child’s birthday etc.

In order to opt in or opt out of this option, Policyholder need to submit a request to the company 30 days before the policy anniversary/special date.

Safe box features gives you a flexibility to accumulate survival benefit instead of encashing it when due. The accrued income will be accumulated at interest rate equal to the reverse repo rate published by RBI plus 0.25% and this rate will be reviewed annually.In order to opt in or opt out of this option, Policyholder need to submit a request to the company 30 days before the policy anniversary.

This option can be chosen or cancelled anytime during the policy term.

Yes, the accumulated income can be withdrawn partly/fully at any time during the policy term. The balance amount will keep accumulating and accrued income benefit (if any) shall be payable along with benefits at the time of termination of the policy on death or maturity or surrender, whichever is earlier.

No, there is no rider available.

Death Benefit is Highest of: Sum Assured on Death i.e. 10 times the Annual Premium OR Surrender Value as on Date of Death OR 105% of the total premiums paid as on date of death of the Life Assured

You have an option to revive Lapsed policy and Reduced Paid-Up policy within a period of 5 years from the due date of the first unpaid premium, by payment of all arrears of premium with interest at the prevailing rate of interest.

Yes, SUD Life Century Income plans help in saving tax^{^}. The premiums paid are eligible for deduction under Section 80C^{^} and the Maturity amount is tax-free^{^} subject to conditions prescribed u/s 10(10D) of the Income Tax Act, 1961.