SUD Life STAR TULIP is Unit Linked Individual Life Insurance plan that provides the option to choose higher protection and an opportunity to invest in the market-linked returns to meet your future financial needs and goals. This plan is not only offers wealth creations but also the peace of mind and prosperity you deserve

There are 11 Fund options to choose from in this plan-

1. Blue Chip Equity Fund

2. Growth Plus Fund

3. Balanced Plus Fund

4. Income Fund

5. Mid Cap Fund

6. Gilt Fund

7. Dynamic Fund

8. Money Market Fund

9. New India Leaders Fund

10. Viksit Bharat Fund

11. SUD Life Midcap Momentum Index Fund

At the end of the Policy Term, you will receive Maturity benefit i.e. your Fund Value as prevailing NAV.

You can choose policy term from minimum 25 years to maximum 40 Years

Minimum premiums depend upon the premium payment frequency chosen at the inception of the policy and it is as follows:

Yearly 36,000

Half Yearly 18,000

Quarterly 9,000

Monthly 3,000

There is no limit on maximum amount that you can invest in this product, it is subject to Board Approved Underwriting Policy (BAUP) of the Company

Yes, in case of unfortunate demise of Life Assured, the nominee receives highest of below

• - Sum Assured less relevant partial withdrawals^{^} or
• - Fund value as on the date of intimation of death of the Life Assured
• - 105% of total premiums paid

^* after addition of charges (if any) other than fund management charges recovered subsequent to after the date of death, or

^{^} The Sum Assured shall be reduced to the extent of Partial Withdrawal made during two years period immediately preceding the death of the Life Assured

^#total premiums paid means total of all the premium paid under the base product.

In case if You surrender this policy after the completion of lock-in period, the fund value as on date of surrender will be paid to You and the policy will terminate immediately.

^* Depending on the age at entry, the customer can choose any of following factor as Sum Assured Multiple factor from the below mentioned table`:

Yes, you have option to surrender your policy anytime during the policy term. In case if you opt to surrender policy during lock-in period then the proceeds of the discontinued policy fund will be payable after the end of lock-in period or date of surrender, whichever is later, and the policy will terminate immediately.

After lock-in period?

In case if you surrender this policy after the completion of lock-in period, the fund value as on date of surrender will be paid and the policy will terminate immediately.

SUD Life STAR TULIP is a protection-oriented unit linked life insurance plan, designed to secure your family with sufficient life coverage while providing market-linked returns on your allocated premiums to achieve your long-term goals. This Plan combines the simplicity of a term cover with the earning potential of a ULIP.

Return of Mortality Charge (RoMC):

At the end of the policy term on the maturity date, the total amount of mortality charges deducted in respect of life cover provided throughout the policy term, will be added back as RoMC, to the Fund Value. RoMC is not applicable in case the policy was Surrendered or Discontinued. RoMC will be added even if the Policy is Reduced Paid-up or is in the Revival Period.

Wealth Booster:

Wealth Booster will be added to the fund by way of creation of extra units every 5th Policy Year starting from the end of 20th Policy Year. Each Wealth Booster shall be equal to 1.5% of Average Fund Value of the last 24 months.

Wealth Boosters will be allocated among the funds in the same proportion as the value of total units held in each fund at the time of allocation.In case of death, Wealth Booster will be added to the Fund Value up to the date of intimation of death.

Yes, switching option allows you to shift the investments in a policy from one fund to another. Twelve switches per policy year are free of cost. Every additional switch will be charged Rs. 100/- per switch.

No, top-up facility is available under this plan.

Yes ‘Partial withdrawal’ allows you to withdraw money from your funds to meet your financial emergencies. Partial withdrawals are not allowed during the first 5 policy. It is allowed from the sixth policy year onwards. Only the first four partial withdrawals in a policy year are free. Further additional withdrawals during the policy year will be charged at Rs.100 per withdrawal.

Yes, to provide added protection, there are 2 riders available

SUD Life Accidental Death Benefit Rider (142A024V01): In addition to the death benefit as per the base plan the rider sum assured is payable in case of Accidental Death of life assured.

SUD Life Accidental Total & Permanent Disability Rider (142A025V01): The rider benefit is payable in the event of Accidental total and permanent disability of the Life Assured.

The Rider presents two choices: With Return of Premium and Without Return of Premium. The policyholder must select only one option when starting the policy. If the Life Assured chooses the Rider with the Return of Premium Option and survives, without any claim under the rider, all the premiums will be refunded at the end of the policy term, provided the rider policy remains in force