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SUD Life e-Lifeline Term Insurance Plan

UIN:142N092V01

SUD Life e-Lifeline Term Insurance Plan is a Non-Linked, Non-Participating Individual Pure Risk Life Insurance plan.

Secure your loved ones with SUD Life e-Lifeline
Premium

For
Life Cover
L For
*Name as per ID proof like Aadhar,PAN etc
+
Male
Male Female Third
AGAR MALWA AGRA AHMED NAGAR AHMEDABAD Aizawl ALAPPUZHA ALIGARH Alipurdaur ALIRAJPUR ALLAHABAD ALWAR AMBALA Ambattur AMBEDKAR NAGAR AMETHI AMRAVATI AMRITSAR AMROHA ANAND ANANTAPUR ANGUL Anugul ANUPPUR ARARIA ARWAL ASHOK NAGAR AURAIYA AURANGABAD BAGALKOT BAGESHWAR BAKSA BALAGHAT BALLIA BALOD BALOD BAZER BALRAMPUR BANASKANTHA BANDA Bangalore Rural BANKURA BASTI BATHINDA Belgaum BELLARY BEMETARA BENGALURU Berhampur BETUL Bhadoi BHANDARA BHARATPUR BHAVNAGAR BHOJPUR BHOPAL Bidar BIJAPUR BIKANER Bilaspur BILASPUR (HP) BIRBHUM BOKARO BOUDH BUDGAM BUNDI BUXAR CENTRAL DELHI CHAMBA CHAMOLI CHANDAULI CHANDIGHAR CHANDRAPUR CHATRA Chennai CHHINDWARA Chhotaudepur CHIKKABALLAPUR CHITRADURGA CHITRAKOOT COIMBATORE COOCH BEHAR CUDDALORE Cuddapah CUTTACK Dakshina Kannada DAMAN DAMOH DANGS Dantewada Darjeeling DARRANG DATIA DEHRADUN DEOGHAR DEORIA DEVBHOOMI DWERKA Dhalai DHAMTARI DHANBAD DHARMAPURI Dharwad DHOLPUR Dibang Valley DIMA HASSO - NORTH CACHAR HILL Dimapur DINDIGUL DINDORI DIU DUMKA DUNGARPUR DURG Durgapur EAST DELHI East Godavari East Khasi Hills EAST MIDNAPORE East Nimar EAST SIKKIM EAST SINGHBHUM Eastnimar Burhanpur ERNAKULAM ERODE ETAH FAIZABAD FARIDABAD FARIDKOT FATEHGARH SAHIB FATEHPUR FAZILKA FIROZABAD GADAG GADCHIROLI GAJAPATI Gandhinagar GAUTAM BUDDHA NAGAR GHAZIABAD GHAZIPUR GIR SOMNATH GIRIDH GODDA GOLAGHAT Gomati GONDA GONDIA Gulbarga GUMLA GUNA GURDASPUR GURGAON Guwahati GWALIOR HAMIRPUR HANUMANGARH HAPUR HARIDWAR HASSAN HATHRAS HAVERI Hazaribagh HINGOLI HOOGHLY HOSHIARPUR HOWRAH HYDERABAD Imphal East INDORE JABALPUR Jaintia Hills JAIPUR JAISALMER JALANDHAR Jalgaon JALNA JALPAIGURI JAMMU JAMNAGAR Jamshedpur JAMTARA JAMUI Janjgir-Champa JASPUR JAUNPUR JEHANABAD JHAJJAR JHANSI JHARSUGUDA JUNAGADH Jyotiba Phule Nagar Kaimur KANCHIPURAM KANDHAMAL KANNAUJ KANNUR KANPUR DEHAT KANPUR NAGAR KANSHIRAM NAGAR KANYAKUMARI KAPURTHALA KARAIKAL KARBI ANGLONG KARIMGANJ KARNAL Kasaragod Kasganj KATHUA KATIHAR KAUSHAMBI KAWARDHA KENDRAPARA Keonjhar KHORDA KINNAUR Kodagu KODERMA Kohima KOLAR Kolhapur Kolkata KOLLAM KONDAGAON KORBA KORIYA KOTA KOTTAYAM KRISHNA KULLU KURUKSHETRA KUSHINAGAR LAKHIMPUR LAKHISARAI LALITPUR Lohardaga Lohit LUCKNOW LUDHIANA MADHUBANI MADURAI MAHABUB NAGAR MAHARAJGANJ MAHASAMUND MAHE MAHISAGAR MAHOBA MALAPPURAM MALKANGIRI MANDI MANDLA Mangalore MANSA MATHURA MAU MAYURBHANJ MEWAT MUKTSAR MUMBAI MUNGELI MUNGER MURSHIDABAD MYSORE NAGAUR Nagpur NAINITAL NALANDA NALBARI NALGONDA NAMAKKAL Narayanpur NARMADA NASHIK NAVSARI NAWANSHAHR Nawapara Nawarangpur NEEMUCH NEW DELHI Noida NORTH 24 PARGANAS North Cachar Hills NORTH DELHI NORTH EAST DELHI NORTH GOA NORTH SIKKIM North Tripura NORTH WEST DELHI NUAPADA OSMANABAD PALAKKAD PALAMAU PALGHAR PANCHKULA PANNA Papum Pare PARBHANI Paschimi Medinipur PATHANAMTHITTA PATHANKOT PATIALA PATNA PAURI GARHWAL PERAMBALUR PILIBHIT PONDICHERRY POONCH PORBANDAR Prabudhnagar PRATAPGARH PUDUKKOTTAI PUNE PURI PURNIA PURULIYA Puttur RAEBARELI Raigad RAIGARH RAIPUR RAJAURI RAJKOT RAJNANDGAON RAJSAMAND Ramanagara RAMANATHAPURAM RAMPUR Ranga Reddy RATLAM RATNAGIRI RAYAGADA REWA REWARI ROHTAS Rourkela S.B.S. Nagar SAHIBGANJ SALEM SAMBA SAMBALPUR SAMBHAL Sangli SANT KABIR NAGAR SANT RAVIDAS NAGAR SARAN SATARA SATNA SEHORE Senapati SEONI Sepahijala SERAIKELAKHARSAWAN SHAHDOL SHAHJAHANPUR SHEIKHPURA SHIMLA Shimoga Shri Muktasar Sahib SIBSAGAR SIDHI SIKAR Siliguri SIMDEGA SINDHUDURG SINGRAULI SIRMAUR SIROHI SITAPUR SIVAGANGA SIWAN SOLAPUR SONBHADRA SONIPAT SONITPUR SOUTH 24 PARGANAS South Andaman SOUTH DELHI SOUTH GOA SOUTH SIKKIM South Tripura SRINAGAR Subarnapur (Sonepur) SULTANPUR SUNDERGARH SUPAUL SURAT SURENDRA NAGAR SURGUJA TAPI TARN TARAN TEHRI GARHWAL THANE THANJAVUR THENI THIRUVANANTHAPURAM Thoubal THRISSUR TIKAMGARH TIRUNELVELI TIRUPPUR TIRUVALLUR TIRUVARUR Trichy Trivandrum TUTICORIN UDAIPUR UDALGURI UDHAMPUR Udupi UJJAIN UMARIA UNA UNNAO UTTARA KANNADA UTTARKASHI VADODARA VALSAD VARANASI VELLORE Vijayawada VILLUPURAM VIRUDHUNAGAR VISAKHAPATNAM VIZIANAGARAM WARDHA WASHIM WEST CHAMPARAN WEST DELHI West Garo Hills West Godavari West Kameng WEST MIDNAPORE West Nimar WEST SIKKIM WEST SINGHBHUM West Tripura YAMUNANAGAR YANAM Yavatmal
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What is SUD Life e-Lifeline Term Insurance Plan?

Think of the SUD Life e-Lifeline Term Insurance Plan as your family's safety net. It works like an umbrella under which your family is protected from the unexpected turn of events in life. For example, if you are the main breadwinner and something unfortunate happens to you then they could suffer serious financial constraints like paying for day-to-day expenses, paying off loans, or children's education. This life insurance product works like a godfather who takes care of their expenses and helps them to maintain their life in absence.

So, with the SUD Life e-Lifeline Term Insurance Plan, you get complete financial protection. It covers the risk of premature demise and pays a lump sum death benefit to your nominee. You can get affordable premium, long-term life insurance coverage, which also helps you to save tax under the Income Tax Act of 1961, on the premium paid. That’s a complete win-win situation, right?

Download Plan Related Documents

Detailed information available for download

Product Brochure (Prospectus)
Policy Document

How Does SUD Life e-Lifeline Term Insurance Plan Work?

01.

Buy the SUD Life e-Lifeline Term Insurance Plan and choose your

  • Sum Assured (coverage amount)
  • Policy term
02.

The premium will be calculated based on your age, gender, risk factors, premium paying term and policy term chosen by you. All you need to do is pay the premium during the term and enjoy the coverage.

03.

In case of death of the life assured during the policy tenure, the Death Benefit i.e. the Sum Assured on Death will be paid in a lump sum. This benefit will give your family financial assistance in your absence.

04.

However, if you survive the policy tenure, then no maturity benefit will be payable as this is a pure-term life insurance plan or a protection-only life insurance plan!

Let’s understand with an example.

Mr. Sachin (Male) has opted for SUD Life e-Lifeline Term Insurance Plan. The details are as below:
Life Assured Age - 30 years
Policy Term - 20 years
Premium Paying Term - Regular Pay
Sum Assured (SA) - 50,00,000
Premium Frequency - Yearly
Annualized Premium - 8,800 (exclusive of applicable taxes)


Eligibility Criteria

Parameters Minimum Maximum
Entry Age
(Age last birthday) 		18 Years 60 Years
Maturity Age
(Age last birthday) 		28 Years 70 Years
Annualized Premium 4,125 1,36,500
Policy Term 10 Years 40 Years
Premium Payment Frequency Annual, Half-yearly, Quarterly and Monthly
Premium Payment Term Regular pay i.e. PPT will be to the chosen policy term

Minimum – 18 years Maximum – 60 years

Minimum – 28 years Maximum – 70 years

Minimum - 4,125 Maximum - 1,36,500

Minimum – 10 years Maximum – 40 years

Annual, Half-yearly, Quarterly and Monthly

Regular pay i.e. PPT will be to the chosen policy term

(Age is age last birthday)
*Sum Assured to be in multiples of Rs. 50,000.

SUD Life e-Lifeline Term Insurance Plan Benefits

Here are the benefits that you get from the plan

Death Benefit
View Details

in the event of death of the life assured during the policy term, the Sum Assured2 on Death will be paid in a lump sum to the nominee.

Death Benefit

in the event of death of the life assured during the policy term, the Sum Assured2 on Death will be paid in a lump sum to the nominee.

Maturity Benefit
View Details

On survival of life assured till the end of the policy term, no maturity benefit is payable.

Maturity Benefit

On survival of life assured till the end of the policy term, no maturity benefit is payable.

Why choose SUD Life e-Lifeline Term Insurance Plan?

SUD Life e-Lifeline Term Insurance Plan can be the right choice for you because

It has affordable premiums
It provides financial security against the risk of premature demise
You can buy the plan online in a few clicks
You can get long-term coverage
You can save tax1 on the premiums paid
TESTIMONIALS
Know why customers buy
life insurance from us
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)

The Sum Assured on Death is defined as the highest of the following values –

  • 10 times the annualized premium
  • 105% of the total premiums paid till date of death of life assured
  • Absolute amount assured i.e. Sum Assured chosen at the policy inception

Yes, a grace period of 30 days for annual, half-yearly and quarterly premium payment modes and 15 days for monthly modes is allowed for paying due premiums.

No, policy loan is not available under the SUD Life e-Lifeline Term Insurance Plan because it is a pure term insurance plan. It does not have a savings element which means that there is no surrender value. Since a policy loan is offered against the surrender value, no surrender value means no loans.

You can revive a lapsed policy within 5 years from the date of the first unpaid premium. Thus, to revive your lapsed policy, you have to pay the outstanding premiums, with interest at the prevailing interest rates. You may also have to submit a declaration of good health.

The revival of the policy is subject to the Board approved underwriting policy applicable at that time.

There is a suicide exclusion in the policy that you should know about. The Company will not pay the death benefit in the event of suicide. If the life assured commits suicide and dies within 12 months from the date of commencement of risk or reviving a lapsed policy, 80% of the total premiums paid till date of death will be paid.

You can choose to pay the policy premium on yearly, half-yearly, quarterly or monthly modes. However, if you do not pay the premium annually, modal factors will apply to calculate the half-yearly, quarterly, or monthly premium. These modal factors increase the premium. The factors are as follows -

Premium payment mode Modal factor
Half-yearly 0.5108
Quarterly 0.2582
Monthly 0.0867

For example, if the annual premium is ₹12,000, the premium for different modes will be calculated as follows -

Premium payment mode Premium amount
Half-yearly ₹12,000 X 0.5108 = ₹6,129.60
Quarterly ₹12,000 X 0.2582 = ₹3,098.40
Monthly ₹12,000 X 0.0867 = ₹1,040.40

As you can see, the half-yearly premium is more than ₹6,000, while the quarterly and monthly premiums are more than ₹3,000 and ₹1,000, respectively. This is because of the modal loading, which is applicable if you do not pay premiums annually.

Since this is a pure term insurance plan, there is no surrender value. If you exit the policy before the completion of the chosen policy term, you will get no surrender benefit.

Disclaimers
  • As per prevailing norms under the Income Tax Act, 1961 as amended from time to time.
  • Provided all the premiums are paid and policy is in-force. SUD Life e-Lifeline Term Insurance Plan is a pure term product and does not offer any maturity benefits, paid-up value or survival benefit.

Star Union Dai-ichi Life Insurance Company Limited is the name of the Insurance Company and “SUD Life e – Lifeline Term Insurance Plan” 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 e – Lifeline Term Insurance Plan | UIN: 142N092V01 | A Non-Linked Non-Participating Individual Pure Risk 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, definitions and exclusions, please refer to the sales brochure carefully before concluding the sale. Participation by the Bank’s customers in Insurance Business shall be purely on a voluntary basis. It is strictly on a non-risk participation basis from the Bank. Trade-logo displayed belongs to M/s Bank of India, M/s Union Bank of India and M/s Dai-ichi Life International Holdings 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
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