SUD Life Guarantee Royale is Non-Linked Non-Participating Individual Savings Life Insurance plan that provides Lumpsum Guaranteed Maturity benefit 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 4 guarantees available under this plan-

1. Guaranteed Additions during the term of the plan

2. Maturity Loyalty additions on survival at the end of the term of the plan

3. Sum Assured on Maturity on survival at the end of the term of the plan

4. Sum Assured on Death of the life assured during the term of the plan

At the end of the Policy Term, you will receive Lumpsum Guaranteed Maturity benefit i.e. Sum Assured on Maturity + Accrued Guaranteed Additions during the Term + Maturity Loyalty Additions.

You can choose policy term from 20 year, 25 years & 30 Years

You can choose to pay either for 7 years or 10 years and once chosen it cannot be altered.

Minimum premiums depend upon the premium payment frequency chosen at the inception of the policy and it is as follows, subject to minimum Annualized premium of Rs.36,000

^(*)Monthly modes of premium payments are available only through National Automate

Clearing Houses (NACH) /Standing Instruction (SI) payment mode.

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, in any of the following 2 scenarios:

a) Where the Risk (Life) cover has commenced, then the death benefit paid will be highest of Sum Assured on Death + Accrued Guaranteed Additions (GA) (if any) + GA for the year of Death (if applicable) OR Death Benefit factor x Guaranteed Maturity Benefit (GMB) and the policy will get terminated immediately

b) Where the Risk (Life) cover has still not commenced, the death benefit paid will be 105% of total premiums paid and the policy will get terminated immediately.

Guaranteed additions accrue as mentioned below during the term of the policy and become payable at the end of the Policy Term.

a) 10% of Annualised premium gets accrued every year during the premium paying term

b) 50% of annualised premium gets accrued every year, starting from 1 year after the end of the premium paying term and till the end of the policy term

Upon survival of Life assured at the end of the policy term, Maturity Loyalty addition is calculated as a % of Annualized Premium as follows depending on the policy term and is paid on Maturity.

For 20 years Policy Term : 200% of Annualized Premium

For 25 years Policy Term : 300% of Annualized Premium

For 30 years Policy Term : 400% of Annualized Premium

Yes, you have option to surrender your policy anytime during the policy term, provided you have paid at least 1 full year premiums.

Premiums are to be paid on the due dates. You will have 30 days grace days after the due date for yearly, half yearly & quarterly modes and 15 days grace days for monthly mode to pay the premium without any penalty and Life cover will continue. If Premiums are not paid even after the end of the grace period, policy lapses, Life cover will ceases immediately and future benefits will stop to accrue.

Yes. A lapsed policy can be revived within 5 years from date of first unpaid premium by paying all the due premiums. Revival is subject to Board approved underwriting policy.

Loan Facility:

Loan can be availed up to 70% of surrender value, provided at least 1 full year premiums are paid

High Premium Benefit:

Maturity Sum Assured will increase as per increase in Premium size mentioned below.

Free look period of 30 days from the date of receipt of the policy document is allowed to review the terms and conditions of the policy (or) has the option to return the policy to the insurer for cancellation, stating the reasons for his objection, then he shall be entitled to a refund of the premium paid subject only to a deduction of a proportionate risk premium for the period of cover and the expenses incurred by the insurer on medical examination of the proposer and stamp duty charge.