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SUD Life Century Star

UIN: 142N075V04

SUD Life Century Star is a limited premium, non-participating, non-linked savings life insurance plan that financially safeguards your family in your absence and offers an assured payout on surviving the policy term.

Life cover with guaranteed maturity benefits

Fixed premium payment term of 7 years.

Option to choose Riders

Now invest just for years and get as guaranteed returns!
You Give

for
You Get times
in Years
This plan is right for you if:
*Name as per ID proof like Aadhar,PAN etc
*Name as per ID proof like Aadhar,PAN etc
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What is SUD Life Century Star Plan?

SUD Life Century Star is a life insurance plan designed to offer financial security to your family in the event of your untimely demise. With this plan, you pay premiums for a limited period, ensuring that your loved ones receive financial assistance in the case of your passing. The policy also provides a guaranteed payout at the end of the term.

This plan offers flexibility, allowing you to choose a policy term between 12 to 16 years and a fixed premium payment term of 7 years. It offers life insurance coverage with a guaranteed maturity value. In case of policy surrender, attractive surrender values are paid from the 13th policy year onwards

SUD Life Century Star also allows you to enhance your coverage with optional riders, such as the accidental death and disability benefit rider or the family income benefit rider, offering extra protection for unforeseen circumstances. With its limited premium payments and guaranteed benefits, this plan is an ideal choice for those seeking long-term security and planning for their family's future.

Download Plan Related Documents

Detailed information available for download

Product Brochure (Prospectus)
Policy Document

How Does SUD Life Century Star Plan Work?

01.

Buy the SUD Life Century Star Insurance Plan and select the following:

  • Policy term
  • Premium amount
  • Riders, if required
02.

This plan comes with only annual premium payment mode and premium payment term of 7 years. The death benefit and maturity benefit depend on the premium amount i.e. annualized premium that you have chosen.

03.

On survival until the end of the policy term provided the policy is inforce, you will get Guaranteed Maturity Benefit. The amount is dependent on your age and policy term

04.

For annualized premium of 1.5 lakh or more, the Guaranteed Maturity Benefit will be increased by 2%.

05.

In the unfortunate situation of your untimely death, the Sum Assured on Death will be paid as a lump sum to the nominee and the policy terminates.

06.

SUD Life Century Star comes with two optional riders.

07.
1.SUD Life Accidental Death and Total & Permanent Disability Benefit Rider - Traditional (UIN: 142B005V01)

a. In case of accidental death: If the life insured dies due to an accident, the 100% of rider sum assured will be paid, provided the policy is in force as on the date of death of the life insured and the policy will end.

b. On Accidental Total and Permanent disability - : If the life insured becomes totally and permanently disabled due to an accident, they will receive 10 equal half-yearly payments, each 10% of the rider sum assured, provided the policy is in force. The rider ends once all payments are made.

c. If the life insured passes away while receiving these benefits, the remaining instalments will be paid to their nominee.

08.
2. SUD Life Family Income Benefit Rider - Traditional (UIN: 142B007V01)

a. If the life insured passes away while this rider is active, their nominee will receive a monthly income benefit for fixed period of 10 years. The monthly amount is 10% of the rider sum assured, divided by 12, and paid will be paid at the end of every policy month following the date of death of the Life Insured and will continue to be paid for fixed period of 10 Years..

These riders provide extra financial protection in case of accidents or loss of income due to death. However, these riders are not available for policies sold by POS-P.

How does this plan work?

Maturity Benefit

Mr. Anish has opted SUD Life – Century Star. The details are as below
Life Assured Age - 40 years
Premium Frequency - Yearly
Policy Term - 16 years
Premium Paying Term - 7 Years
Sum Assured on Death - 10,00,000
Annualized Premium - 1,00,000 (exclusive of applicable taxes)

Eligibility Criteria

Parameters Minimum Maximum
Entry Age
8 years
55 years,
50 years (in case of POS-P)
Maturity Age
20 years
71 years,
65 years (in case of POS-P)
Policy Term
12 years
16 years
Premium Payment Term
7 Pay
Premium Payment Mode
Annual
Sum Assured on Death ₹5 lakhs ₹20 crores,
₹25 lakhs per life (in case of POS-P)
Annual Premium ₹50,000 ₹2 crores,
₹2,50,000 (in case of POS-P)

Minimum 8 years
Maximum 65 years (Option 1),
40 years (Option 2)

Minimum 20 years
Maximum 71 years
65 years (in case of POS-P)

Minimum 12 years
Maximum 16 years

7 Pay

Annual

Minimum ₹5 lakhs
Maximum: ₹20 crores
₹25 lakhs per life (in case of POS-P)

Minimum ₹50,000
Maximum: ₹2 crores
₹2,50,000 (in case of POS-P)
*POS-P is point of salespersons.

SUD Life Century Star Insurance Plan Benefits

The following are the major benefits offered by this plan:

Death Benefit
View Details

If the life insured happens to die during the policy term the Sum Assured on Death is paid out as a lump sum.

Death Benefit

If the life insured happens to die during the policy term the Sum Assured on Death is paid out as a lump sum.

Maturity Benefit
View Details

If the life insured survives the entire policy term and keeps the policy active, they will receive an Assured Maturity benefit based on their age and policy term.

Maturity Benefit

If the life insured survives the entire policy term and keeps the policy active, they will receive an Assured Maturity benefit based on their age and policy term.

High Premium Benefit
View Details

For annualized premiums of 1.5 lakh and above, the Guaranteed Maturity benefit increases by 2%.

High Premium Benefit

For annualized premiums of 1.5 lakh and above, the Guaranteed Maturity benefit increases by 2%.

Short Premium Payment Term
View Details

Pay premiums for just 7 years and enjoy the benefits of long-term life coverage, ensuring peace of mind with minimal commitment.

Short Premium Payment Term

Pay premiums for just 7 years and enjoy the benefits of long-term life coverage, ensuring peace of mind with minimal commitment.

Rider benefit
View Details

Two optional riders under the plan offer additional coverage beyond the base policy, ensuring extra financial support in case of unforeseen events like accidental death, natural death or disability.

Rider benefit

Two optional riders under the plan offer additional coverage beyond the base policy, ensuring extra financial support in case of unforeseen events like accidental death, natural death or disability.

Access to Policy Loans
View Details

Policyholders can secure a policy loan during the policy term to address financial emergencies, provided the policy has acquired a surrender value.

Access to Policy Loans

Policyholders can secure a policy loan during the policy term to address financial emergencies, provided the policy has acquired a surrender value.

Freelook period
View Details

You will receive a premium refund (net of charges) if you cancel the policy during the freelook period of 30 days.

Freelook period

You will receive a premium refund (net of charges) if you cancel the policy during the freelook period of 30 days.

Why Choose SUD Life Century Star?

SUD Life Century Star Insurance Plan is the optimal choice because

It financially safeguards your family in your absence.
It is a short-term premium payment plan offering long-term savings.
Once the policy term is completed, you receive an assured maturity payout.
You can save more under tax laws related to premiums paid and benefits received.
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
CONNECT WITH US
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Email digital@sudlife.in
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Frequently asked
questions (FAQs)

The Sum Assured on Death is the higher of:

  • 10 times the annualized premium, or
  • 105% of the total amount of premiums paid until the date of death.

The death benefit will be adjusted by deducting any unpaid premiums due for the policy year in which the death occurs.

Yes, there is a waiting period of 90 days for the Death Benefit under POS-P sourced policies. During this period only accidental deaths are covered.

If death occurs due to non-accidental causes during the waiting period, 100% of the premiums paid (excluding any extra premium paid, taxes, and modal loading) is refunded, and the policy ends.

If you’ve paid premiums for at least the first full policy year but stop paying later, your policy acquires a Reduced Paid-Up status instead of lapse. Under this status:

Paid-Up Guaranteed Maturity Benefit = (Number of premiums paid ÷ Total no of premiums payable) × Guaranteed Maturity Benefit.
Paid-Up Sum Assured on Death = (Number of premiums paid ÷ Total no. of premiums payable) × Sum Assured on Death.

This ensures your policy provides proportional benefits based on the premiums already paid.

If the life insured dies by suicide within a period of 12 months from the risk commencement date of the policy, the nominee will receive the higher amount of the following:

  • 80% of the total amount of the premiums paid until the date of death or
  • The total surrender value that is available on the date of death provided the policy is active at that time.

If you surrender your policy early, you'll receive the higher of the:

  • GSV or the Guaranteed Surrender Value or
  • The SSV or the Special Surrender Value.

SSV, i.e. the Special Surrender Value is obtained after paying premiums for one full policy year, and the GSV, i.e. the Guaranteed Surrender Value is available after paying premiums for two consecutive policy years.

Here’s how they are calculated:

SSV: SSV = [SSV_MB factor * (No. of premiums paid / No. of premiums payable) * Guaranteed Maturity Benefit] + [DB SSV factor * (No. of premiums paid / No. of premiums payable) * Sum Assured on Death]
GSV: GSV = GSV Factor * Total premiums paid until surrender

Once you surrender the policy, it will terminate, and no further benefits will be provided.

Disclaimers
  • Subject to the policy being in-force throughout the policy term

Star Union Dai-ichi Life Insurance Company Limited is the name of the Insurance Company and “SUD Life Century Star” 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 Century Star | UIN: 142N075V04 | Individual Non-Linked Non-Participating Savings 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, please refer to the sales brochure carefully, before concluding the sale. Tax benefits are as per prevailing tax laws and subject to change from time to time. 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.