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SUD Life Saral Jeevan Bima

UIN: 142N079V01

SUD Life Saral Jeevan Bima is a pure risk term life insurance plan designed to provide financial security to your family in the event of your untimely demise.

Get Lump Sum Amount on Death

Flexibility to choose policy premium payment term from single pay, regular pay, 5 & 10 pay

Secure your loved ones with SUD Life Saral Jeevan Bima by simply paying
Premium

For
Life Cover
L Till
*Name as per ID proof like Aadhar,PAN etc
+
Male
Male Female
ADILABAD AGAR MALWA Agartala AGRA AHMED NAGAR AHMEDABAD Ahmedabad City Aizawal Aizawl AJMER AKOLA ALAPPUZHA ALIGARH Alipurdaur ALIRAJPUR ALLAHABAD ALMORA ALWAR AMBALA Ambala City AMBEDKAR NAGAR AMETHI AMLAPURAM AMRAVATI AMRELI AMRITSAR AMROHA ANAND ANANTAPUR ANANTHAPUR ANANTHNAG ANGUL ANUPPUR ARARIA ARAVALLI ARIYALUR Arsikere ARWAL ASHOK NAGAR Athani AURAIYA AURANAGABAD AURANGABAD Avanigadda AZAMGARH BAGALKOT BAGESHWAR BAGPAT BAHRAICH Bailhongal BAKSA BALAGHAT BALANGIR BALASORE BALESWAR BALLARI BALLIA BALOD BALOD BAZER BALRAMPUR BANASKANTHA BANDA Bandipur Bangalore BANKA BANKURA BANSWARA Bapatla BARABANKI BARAMULLA BARAN BARDHAMAN BAREILLY BARGARH BARMER BARNALA BARPETA BARWANI Bastar BASTI BATHINDA BEED BEGUSARAI BELAGAVI Belgaum BELLARY BEMETARA BENGALURU BENGALURU RURAL BETUL Bhadoi Bhadrachalam BHADRAK BHAGALPUR BHANDARA BHARATPUR BHARUCH BHAVNAGAR BHILWARA BHIND BHIWANI BHOJPUR Bhongir BHOPAL BHUPALPALLI BHUSAWAL Bidar BIJAPUR Bijapur(CGH) BIJAPUR(KAR) BIJNOR BIKANER Bilaspur BILASPUR (HP) BILASPUR HP BILASPURCGH BIRBHUM Bishnupur BOKARO BONGAIGAON BOTAB BOUDH BUDAUN BUDGAM BULANDSHAHR BULDHANA BUNDI BURHANPUR BUXAR CACHAR CENTRAL DELHI CHAMARAJANAGAR CHAMBA CHAMOLI CHAMPAWAT Champhai Chamrajnagar CHANDAULI Chandel CHANDIGHAR CHANDRAPUR Changlang CHATRA Chennai CHHATARPUR CHHINDWARA CHHOTA UDEPUR Chhotaudepur CHICKMAGALUR CHIKKABALLAPUR Chikkamagaluru CHITRADURGA CHITRAKOOT Chittoor CHITTORGARH Churachandpur CHURU COIMBATORE COOCH BEHAR CUDDALORE CUTTACK DADRA NAGAR HAVELI DAHOD Dakshina Kannada DAMAN DAMOH DANGS Dantewada DARBHANGA Darjeeling DARJILING DARRANG DATIA DAUSA DAVANGERE DEBAGARH DEHRADUN DEOGHAR DEORIA DEVBHOOMI DWERKA DEWAS Dhalai DHAMTARI DHANBAD DHAR Dharmanagar DHARMAPURI Dharmavaram Dharwad DHEMAJI DHENKANAL DHOLPUR DHUBRI DHULE Dibang Valley DIBRUGARH DIMA HASSO - NORTH CACHAR HILL Dimapur DINDIGUL DINDORI DIU DODA DUMKA DUNGARPUR DURG Durgapur EAST CHAMPARAN EAST DELHI East Garo Hills East Godavari East Jaintia Hills East Kameng East Khasi Hills EAST MIDNAPORE East Nimar East Siang EAST SIKKIM EAST SINGHBHUM Eastnimar Burhanpur ERNAKULAM ERODE ETAH ETAWAH FAIZABAD FARIDABAD FARIDKOT FARRUKHABAD FATEHABAD FATEHGARH SAHIB FATEHPUR FAZILKA Ferozepur FIROZABAD FIROZPUR GADAG GADCHIROLI GADWAL GAJAPATI GANDERBAL GANDHI NAGAR Gandhinagar GANJAM GARHWA GARIABAND GAUTAM BUDDHA NAGAR GAYA GHAZIABAD GHAZIPUR GIR SOMNATH GIRIDH GOALPARA GODDA GOLAGHAT Gomati Gomti GONDA GONDIA GOPALGANJ GORAKHPUR Gulbarga GUMLA GUNA Guntur GURDASPUR GURGAON GWALIOR HAILAKANDI HAMIRPUR HAMIRPUR(HP) HAMIRPURHP Hanagodu Hanamkonda HANUMANGARH HAPUR HARDA HARDOI HARIDWAR HASSAN HATHRAS HAVERI HAZARIBAG Hazaribagh Hindupur HINGOLI HISAR HOOGHLY HOSHANGABAD HOSHIARPUR HOWRAH Hubballi Hunsur HYDERABAD IDUKKI Imphal Imphal East Imphal West INDORE JABALPUR JAGATSINGHAPUR Jagdalpur JAGTIAL Jaintia Hills JAIPUR JAISALMER JAJAPUR JALANDHAR JALAUN Jalgaon JALGOAN JALNA JALOR JALPAIGURI Jamkhandi JAMMU JAMNAGAR JAMTARA JAMUI Jangaon Janjgir-Champa JANJGIRCHAMPA JASPUR JAUNPUR JAYASHANKAR JEHANABAD JHABUA JHAJJAR JHALAWAR JHANSI JHARSUGUDA JHUJHUNU JIND Jiribam JODHPUR Joida JORHAT JUNAGADH Jyotiba Phule Nagar K.V.Rangareddy KACHCHH KADAPA KAIMUR BHABUA KAITHAL KALABURAGI KALAHANDI Kalghatgi Kalimpong KAMAREDDY KAMRUP KAMRUP METROPOLITAN KANCHIPURAM KANDHAMAL KANGRA Kanker KANNAUJ KANNUR KANPUR DEHAT KANPUR NAGAR KANSHIRAM NAGAR KANYAKUMARI KAPURTHALA KARAIKAL KARAULI KARBI ANGLONG KARGIL Karim Nagar KARIMGANJ KARNAL KARUR Kasaragod KASARGOD Kasganj KATHUA KATIHAR KATNI KAUSHAMBI KAWARDHA KENDRAPARA KENDUJHAR Keonjhar KHAGARIA KHAMMAM KHANDWA KHARGONE KHEDA KHERI KHORDA Khowai KHUNTI KINNAUR Kiphire KISHANGANJ Kochi Kodagu KODERMA Kohima KOKRAJHAR KOLAR Kolasib Kolhapur Kolkata KOLLAM Kollegal KONDAGAON KOPPAL KORAPUT KORBA KORIYA KOTA KOTHAGUDEM KOTHAGUDEM COLLS KOTTAYAM Kovvur KOZHIKODE KRISHNA KRISHNAGIRI KULGAM KULLU Kundgol Kupwara Kurnool KURUKSHETRA Kurung Kumey KUSHINAGAR LAHUL SPITI LAKHIMPUR LAKHISARAI Lakshadweep LALITPUR LATEHAR LATUR Lawngtlai Leh Lohardaga Lohit Longleng Lower Dibang Valley Lower Subansiri LUCKNOW LUDHIANA Lunglei Machilipatnam Madanapalle MADHEPURA MADHUBANI Madikeri MADURAI Mahabuababad MAHABUB NAGAR MAHABUBABAD MAHARAJGANJ MAHASAMUND MAHE MAHENDRAGARH MAHESANA MAHISAGAR MAHOBA MAHRAJGANJ MAINPURI Makdi MALAPPURAM MALAPPURM MALDA Malegaon MALKANGIRI Mamit Mammit Mancherial MANDI MANDLA MANDSAUR Mandya Mangalore MANSA MARIGAON MATHURA MAU MAYURBHANJ MEDAK MEDINIPUR MEERUT MEWAT Miraj MIRZAPUR MOGA MOHALI Mokokchung Mon MORADABAD MORBI MORENA MUKTSAR MUMBAI MUMBAI SUBUEBAN MUNGELI MUNGER MURSHIDABAD MUZAFFARNAGAR MUZAFFARPUR MYSORE Mysuru NA NABARANGAPUR NADIA NAGAON NAGAPATTINAM NAGAR KURNOOL NAGAUR Nagpur NAINITAL NALANDA NALBARI NALGONDA NAMAKKAL NANDED NANDURBAR Nanjangud Narayanpur NARMADA NARSINGHPUR NASHIK NAVSARI NAWADA NAWANSHAHR Nawapara Nawarangpur NAYAGARH NEEMUCH NELLORE NEW DELHI Nicobar NILGIRIS NIRMAL NIZAMABAD North NORTH 24 PARGANAS North And Middle Andaman NORTH DELHI NORTH DINAJPUR NORTH EAST DELHI NORTH GOA NORTH SIKKIM North Tripura NORTH WEST DELHI NUAPADA OSMANABAD PAKUR PALAKKAD Palakol PALAMAU PALGHAR PALI PALWAL PANCH MAHALS PANCHKULA PANIPAT PANNA Papum Pare PARBHANI Parkal Paschim Bardhaman Paschimi Medinipur PATAN PATHANAMTHITTA PATHANKOT PATIALA PATNA PAURI GARHWAL PEDDAPALLI PERAMBALUR Peren Phek PILIBHIT PITHORAGARH PONDICHERRY POONCH PORBANDAR Port Blair Prabudhnagar PRAKASAM PRATAPGARH PRATAPGHAR Prayagraj Allahabad PUDUKKOTTAI PULWAMA PUNE PURI PURNIA PURULIYA RAEBARELI RAICHUR Raigad RAIGARH RAIGARH(MH) RAIPUR RAISEN RAJAURI RAJGARH RAJKOT RAJNANDGAON RAJSAMAND RAMANAGAR Ramanagara RAMANATHAPURAM RAMBAN Ramdurg Ramgarh RAMPUR RANCHI Ranga Reddy RANGAREDDY RATLAM RATNAGIRI RAYAGADA REASI REWA REWARI Ri Bhoi ROHTAK ROHTAS ROPAR RUDRAPRAYAG RUPNAGAR S.B.S. Nagar SABARKANTHA Sagar SAHARANPUR SAHARSA SAHIBGANJ Saiha SALEM SAMASTIPUR SAMBA SAMBALPUR SAMBHAL SANGAREDDY Sangli SANGRUR SANT KABIR NAGAR SANT RAVIDAS NAGAR SARAN Saraswathipuram SATARA SATNA SAWAI MADHOPUR Secunderabad SEHORE Senapati SEONI Sepahijala SERAIKELAKHARSAWAN Serchhip SHAHDARA SHAHDOL SHAHJAHANPUR SHAJAPUR SHEIKHPURA SHEOHAR SHEOPUR Shillong SHIMLA Shimoga SHIVAMOGGA SHIVPURI SHOPIAN SHRAWASTI Shri Muktasar Sahib Shrirampur SIBSAGAR Siddapur SIDDHARTHNAGAR SIDDIPET SIDHI SIKAR Siliguri SIMDEGA SINDHUDURG SINGRAULI SIRCILLA SIRMAUR SIROHI SIRSA SITAMARHI SITAPUR SIVAGANGA SIWAN SOLAN SOLAPUR Sonapur SONBHADRA SONIPAT SONITPUR SOUTH 24 PARGANAS South Andaman SOUTH DELHI SOUTH DINAJPUR South Garo Hills SOUTH GOA SOUTH SIKKIM South Tripura SOUTH WEST DELHI South West Khasi Hills SRI GANGANAGAR SRIGANGANAGAR SRIKAKULAM Srikalahasti SRINAGAR STN. JADCHERLA Subarnapur (Sonepur) SUKMA SULTANPUR SUNDERGARH SUPAUL SURAJPUR SURAT SURENDRA NAGAR SURGUJA SURYAPET Tadepalligudem Tamenglong TAPI TARN TARAN Tawang TEHRI GARHWAL Tengnoupal Thalassery THANE THANJAVUR THANLON THENI THIRUVANANTHAPURAM Thoubal THRISSUR TIKAMGARH TINSUKIA Tirap TIRUCHIRAPPALLI TIRUNELVELI TIRUPPUR TIRUVALLUR TIRUVANNAMALAI TIRUVARUR TONK Trimulgherry Tuensang TUMAKURU Tura TUTICORIN UDAIPUR UDALGURI UDHAM SINGH NAGAR UDHAMPUR Udupi UJJAIN Ukhrul UMARIA UNA UNNAO Upper Dibang Valley Upper Siang Upper Subansiri UTTARA KANNADA UTTARKASHI VADODARA VAISHALI VALSAD VARANASI VELLORE VIDISHA Vikarabad VILLUPURAM VIRUDHUNAGAR VISAKHAPATNAM VIZIANAGARAM WANAPARTHY Warangal Warangal Rural WARDHA WASHIM WAYANAD WEST CHAMPARAN WEST DELHI West Garo Hills West Godavari West Jaintia Hills West Kameng West Khasi Hills WEST MIDNAPORE West Nimar West Siang WEST SIKKIM WEST SINGHBHUM West Tripura Wokha YADGIR YAMUNANAGAR YANAM Yavatmal ZAHEERABAD Zunheboto Zunhebotto
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What is SUD Life Saral Jeevan Bima Plan?

Imagine the SUD Life Saral Jeevan Bima plan as a shield that stands between your family and life's unexpected challenges. For instance, if you're the primary earner in your household, your income supports everyday expenses, clears debts, and ensures your children's future. Now, think of the potential financial void if something unfortunate were to happen to you. This plan acts like a tool providing financial security which steps in to provide a lump sum amount to your family in your absence, ensuring their lifestyle remains unaffected, and their dreams stay intact.

With SUD Life Saral Jeevan Bima, you secure a safety net that’s simple yet effective. It offers pure protection against the uncertainty of premature demise by ensuring your loved ones receive financial support when they need it the most. Additionally, the premiums you pay are eligible for tax benefits under the Income Tax Act of 1961, making this plan a smart choice for both your family’s future and your financial planning.

Download Plan Related Documents

Detailed information available for download

Product Brochure (Prospectus)
Policy Document

How Does SUD Life Saral Jeevan Bima Plan Work?

01.

Opt for the SUD Life Saral Jeevan Bima plan and tailor it to your needs by selecting:

  • Sum Assured
  • Policy term
  • Premium payment term
02.

The premium is determined based on factors such as your age, gender, health risks, and the premium payment term as you choose. By paying the premium for the selected duration, you can enjoy uninterrupted life insurance coverage.

03.

In the unfortunate event of your passing during the policy tenure, the Death Benefit will be paid to the nominee as a lump sum, providing them with essential financial support in your absence.

04.

However, since this is a pure protection plan, no maturity benefit is payable if you outlive the policy term. It’s designed to ensure maximum financial security for your loved ones when they need it most.

Let’s see how it works with an example

Mr. Rohit has opted SUD Life -Saral Jeevan Bima.

The details are as below
Life Assured Age - 30 years
Premium Frequency - Yearly
Policy Term - 20 years
Premium Paying Term - 20 years
Sum Assured on Death - ₹ 20,00,000
Annualized Premium - ₹ 5,000

Eligibility Criteria

Parameters Minimum Maximum
Entry Age
18 Years
65 Years
Maturity Age
23 Years
70 Years
Sum Assured
5 Lakhs
25 Lakhs
Premium amount
Single Pay Annualized Premium
₹4,070 ₹1,130
Single Pay Annualized Premium
₹3,66,200 ₹88,875
Policy Term 5 years (for Single and Regular Pay),
6 years (for 5 Pay) and
11 years (for 10 Pay) 		40 years
Premium Payment Term Single Pay, Regular Pay, 5 Pay and 10 Pay
Premium Payment Frequency Single Pay, Annual, Semi-annual and Monthly

Minimum 18 years
Maximum For PPT 7 years – 50 years
For PPT 10 years – 55 years
For PPT 12 years – 60 years

Minimum – 33 years Maximum – 85 years

For PPT 7 years – 15 and 20 years For PPT 10 years – 20 and 25 years For PPT 12 years – 25 years

7 years, 10 years or 12 years

Minimum: ₹50,000 Maximum - As per Board Approved Underwriting Policy

Minimum: ₹5 lakhs Maximum - As per Board Approved Underwriting Policy

Annual, Semi-annual, Quarterly and Monthly

SUD Life Saral Jeevan Bima Benefits

The plan offers the following benefits:

Death Benefit
View Details

In the unfortunate event of the life insured's death during the policy tenure, the Sum Assured on Death is paid out as a lump sum.

Death Benefit

In the unfortunate event of the life insured's death during the policy tenure, the Sum Assured on Death is paid out as a lump sum.

Policy Cancellation Value (PCV)
View Details

If you pay a single or limited premium and then in case of any emergency decide to cancel the policy during the term, you will be eligible for a Policy Cancellation Value, provided it has acquired.

Single Premium Payment Term – PCV acquires immediately after receipt of single premium

PPT of 5/ 10 years – PCV will acquire if at least 2 consecutive policy years premiums are paid

Regular PPT – Will not acquire PCV anytime during the Policy Term

Policy Cancellation Value (PCV)

If you pay a single or limited premium and then in case of any emergency decide to cancel the policy during the term, you will be eligible for a Policy Cancellation Value, provided it has acquired.

Single Premium Payment Term – PCV acquires immediately after receipt of single premium

PPT of 5/ 10 years – PCV will acquire if at least 2 consecutive policy years premiums are paid

Regular PPT – Will not acquire PCV anytime during the Policy Term

Maturity Benefit
View Details

as this is a pure term product, no maturity benefit is available on survival at the end of the policy period.

Maturity Benefit

as this is a pure term product, no maturity benefit is available on survival at the end of the policy period.

Why choose the SUD Life Saral Jeevan Bima?

The SUD Life Saral Jeevan Bima could be the ideal life insurance plan for you because:

It offers affordable premiums
It ensures financial protection against the risk of untimely death
The plan can be purchased easily online
You receive long-term coverage
You can choose from various premium payment options depending on your financial situation.
You can avail tax benefit 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
CONNECT WITH US
WhatsApp 7208867122
Email digital@sudlife.in
Toll Free Monday to Saturday
09:00 AM to 07:00 PM
Locate Our Branches Schedule a Callback

Frequently asked
questions (FAQs)

The Sum Assured on Death under the SUD Life Saral Jeevan Bima is defined differently based on the premium payment term:

  • For regular, 5/ 10 years premium payment term, it is the highest of the following:
    • 10 times the annualized premium; or
    • 105% of total premiums paid until date of death of life assured
    • Absolute amount assured i.e. the sum assured is chosen at the time of policy purchase.
  • For Single Pay policies, the Sum Assured on Death is the higher of:
    • 125% of the single premium
    • Absolute amount assured i.e. the sum assured is chosen at the time of policy purchase.

The plan has a waiting period of 45 days from the date of commencement of risk. During this period, the policy will only cover death caused by an accident. If the life assured passes away due to any other cause during the waiting period, the policy will not pay the death benefit. It will pay an amount equal to 100% of all the premiums received excluding taxes. Waiting period will not apply in case of policy revival.

Yes, you can cancel the policy anytime during the policy tenure, provided it has acquired a Policy Cancellation Value. The policy will acquire this value after paying premiums for a certain period:

  • For Single Pay, the cancellation value is available immediately after the single premium is paid.
  • For 5 Pay and 10 Pay policies, the cancellation value is available after at least two full years of premiums are paid.
  • For Regular Pay policies, no cancellation value is payable.

Yes, the policy has a suicide exclusion. If the life assured commits suicide within 12 months from the date of commencement of risk or reviving a lapsed policy, the Sum Assured on Death will not be paid. For a Single Premium policy, the company will only pay 90% of the single premium paid, excluding extra charges and taxes. For Regular or Limited Premium policies, the payout is 80% of the premiums paid, excluding extra charges and taxes.

You can pay the premium for the SUD Life Saral Jeevan Bima Plan on an annual, semi-annual, or monthly basis. If you opt for monthly or semi-annual payments, modal factors will be applied, which will increase the premium amount compared to the annual premium. The modal factors are:

  • Semi-annual: 0.5108
  • Monthly: 0.0867

You can revive a lapsed life insurance policy within 5 years from the date the first premium was missed. To do so, you must pay the overdue premiums along with any applicable interest and submit a declaration of good health. The insurance company may also conduct a medical review to assess your health. If the review is satisfactory, the policy will be revived.

Disclaimers

Star Union Dai-ichi Life Insurance Company Limited is the name of the Insurance Company and “SUD Life Saral Jeevan Bima” 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 Saral Jeevan Bima | UIN - 142N079V01 | A Non-linked Non-participating Individual Pure Risk Premium 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. 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 Holding 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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