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SUD Life Century Royale

UIN: 142N083V05

SUD Life Century Royale is a non-linked, non-participating, savings-oriented life insurance plan that provides insurance coverage and helps you save.

Happiness = Guaranteed Income for Life + Life Cover + Maturity Benefit

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

in (PPT)
You Get times
/ Annual For Years (PT)
*Name as per ID proof like Aadhar,PAN etc
*Name as per ID proof like Aadhar,PAN etc
+

What is SUD Life Century Royale Plan?

The SUD Life Century Royale plan is designed to give you peace of mind and financial security. It’s a savings plan that offers long-term life coverage while providing guaranteed income, too. An assured income starts accruing from the 10th or 15th year of the policy, depending on the premium payment term that you choose. This income is payable till the end of the policy period. Essentially, you pay premiums for a limited period, but the benefits keep flowing throughout the policy. This means you’ll have life protection in place, ensuring your loved ones are taken care of while also receiving a steady income for a set period. At the end of the policy term, provided the policy is in-force, you’re rewarded with a guaranteed maturity benefit.

You can also avail yourself of a loan from SUD Life during the policy term, using the policy as collateral once it has acquired a surrender value. In addition to these benefits, the plan also allows you to enjoy tax advantages under the prevailing tax laws, making it a smart choice for those looking to maximise their savings while securing their future. Whether you’re planning for your family’s future or seeking a stable financial option for yourself, SUD Life Century Royale gives you the security and reliability you need.

Download Plan Related Documents

Detailed information available for download

Product Brochure (Prospectus)
Policy Document

How Does SUD Life Century Royale Plan Work?

01.

Buy the SUD Life Century Royale Insurance Plan and choose the –

  • Policy term
  • Premium payment term
  • Premium amount
  • Premium payment frequency
02.

The death benefit, guaranteed income, and maturity benefits would depend on the premium payment term and the premium amount that you have chosen.

03.

You start receiving Guaranteed Income (GI) based on your premium payment term and policy term. For a 7-year premium term, payments start at the end of 10th policy year, and for a 12-year term, they begin at the end of 15th policy year, provided the policy is active.

04.

If you survive until the end of the policy term and your policy remains active, you will receive a Guaranteed Maturity Benefit. The amount is based on your premium payment term and is defined as 8 times your annualized premium for a 7-year term or 15 times your annualized premium for a 12-year term.

05.

If you pass away during the policy term, the Sum Assured on Death will be paid in a lump sum to your nominee. Your policy will then end, and no further benefits will be provided.

Let’s understand this with an example.

Anish, aged 40 years, has chosen an annual premium of 1,00,000 p.a. for 7 pay and policy term of 40 years. He will be covered for a death benefit of 10,00,000 during the policy term. Anish will receive Guaranteed Income of 44,260 p.a. starting from end of 10th policy year till 40th policy year. On maturity of the policy, the Guaranteed Maturity Benefit of 8,00,000 will be payable to Anish. In case of an unfortunate event anytime during the policy term, sum assured on death i.e. 10,00,000 would be paid to the nominee/beneficiary and the policy terminates immediately.

1For Policies with PPT 7/10/12 years, the payout period starts from end of 10th/13th/15th policy year respectively.

2Guranteed Life cover for 45 years is for premium payment terms of 12 years

3Subject to the policy being in-force on date of the event.

4Tax benefits may be applicable on premiums paid and benefits received as per prevailing tax laws.

Eligibility Criteria

Entry Age Maximum Maturity Age* Premium Payment Term (PPT) Annual premium Policy Term Premium payment frequency
Premium Paying Term Minimum Age Maximum Age
7 pay 18 Years 55 Years
10 pay 18 Years 55 Years
12 pay 18 Years 50 Years
95 Years 7 Pay, 10 Pay and 12 Pay Minimum Annualized Premium
7 Pay 100,000
10 Pay 100,000
12 Pay 60,000
Maximum Annualized Premium - As per Board Approved Underwriting Policy
PPT Policy Term (in years)
7 pay 25, 30, 35, 40
10 pay 25, 30, 35, 40, 45
12 pay 30, 35, 40, 45
Annual and
Monthly
(Age is age last birthday)

Premium Paying Term Minimum Age Maximum Age
7 pay 18 Years 55 Years
10 pay 18 Years 55 Years
12 pay 18 Years 50 Years

Maximum – 95 years

7 Pay, 10 Pay and 12 Pay

Minimum Annualized Premium
7 Pay 100,000
10 Pay 100,000
12 Pay 60,000
Maximum Annualized Premium - As per Board Approved Underwriting Policy

PPT Policy Term (in years)
7 pay 25, 30, 35, 40
10 pay 25, 30, 35, 40, 45
12 pay 30, 35, 40, 45

Annual and
Monthly

SUD Life Century Royale Insurance Plan Benefits

Here are the benefits that you get from the plan

Death Benefit
View Details

If the life insured passes away during the policy term, the Sum Assured on Death will be paid out as a lump sum.

Death Benefit

If the life insured passes away during the policy term, the Sum Assured on Death will be paid out as a lump sum.

Maturity Benefit
View Details

If the life assured survives until the end of the policy term and keeps the policy active, they will receive a Guaranteed Maturity Benefit.

Maturity Benefit

If the life assured survives until the end of the policy term and keeps the policy active, they will receive a Guaranteed Maturity Benefit.

Guaranteed Income benefit1
View Details

Guaranteed Income Period starts at the end of 10th Year for 7 Pay and 15th Year for 12 Pay, till the end of the policy term, Guaranteed income will be payable provided Life insured survives till the end of relevant policy year.If the life insurer survives during the policy term, they will receive Guaranteed Income (GI) as a percentage of the Guaranteed Maturity Benefit based on their age, premium payment term, and policy term, paid until the policy ends, provided it remains active.

Guaranteed Income benefit1

Guaranteed Income Period starts at the end of 10th Year for 7 Pay and 15th Year for 12 Pay, till the end of the policy term, Guaranteed income will be payable provided Life insured survives till the end of relevant policy year.If the life insurer survives during the policy term, they will receive Guaranteed Income (GI) as a percentage of the Guaranteed Maturity Benefit based on their age, premium payment term, and policy term, paid until the policy ends, provided it remains active.

High Premium benefit
View Details

For an annualized premium of 2 lakh or more, the Guaranteed Maturity Benefit increases by 1%.

High Premium benefit

For an annualized premium of 2 lakh or more, the Guaranteed Maturity Benefit increases by 1%.

Avail Policy loan
View Details

In case of financial emergency, the policyholder can get a loan during the policy period, provided the policy has acquired a surrender value.

Avail Policy loan

In case of financial emergency, the policyholder can get a loan during the policy period, provided the policy has acquired a surrender value.

Why Choose SUD Life Century Royale?

SUD Life Century Royale Insurance Plan is the ideal option for you because:

It has flexible policy term options
The payment premium term is either 7 years, 10 years or 12 years
It offers financial protection against the risk of early death
You receive continuous support of Guaranteed Income during the pay-out period. Once policy term ends, you receive a Guaranteed Maturity amount2, provided the policy is inforce on maturity. You can enjoy tax benefits both on the premiums paid and the 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
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 is highest of the following:

  • 10 times the annualized premium
  • 10 times the annual premium
  • 105% of the total premiums paid till the date of death of the insured
  • The absolute sum assured^ at the date of death

^Absolute sum is 10 times the annualized premium throughout the policy term in case of payment premium term of 7 years.

For policies with payment premium term of 12-year, it is 10 times the annualized premium period during the first policy year increasing at each policy anniversary uniformly up to 15 times of the Annualized Premium during the premium payment term. From 12th Policy Year Sum Assured will be 15 times the Annualized Premium throughout the Policy Term.

Guaranteed Income is calculated by the below formula:

GI = Guaranteed Maturity Benefit * Guaranteed Income Factor / 1000.

The Guaranteed Income Factor depends on the policy term and premium payment term selected.

For a 7-year term, GI starts at the end of 10th year; for a 12-year term, it begins at the end of 15th year. If the life assured passes away before the policy matures, future GI payments will stop, and the death benefit will be paid instead, with any GI received after death deducted from this benefit.

You will have a grace period of 15 days if you pay your premium monthly, and a 30-day grace period if you pay annually.

You can revive your Lapsed/Reduced Paid-up policy within five years from the due date of the first unpaid premium by following these simple steps:

  • Giving a written request to the Company within 5 years from the due date of first unpaid premium and producing a proof of continued insurability
  • Fulfilling all medical and financial requirements as required by the Company as per the Board approved Underwriting Policy (the cost of medical examination, if any, will be borne by you i.e. Policyholder/Life Assured).

If the life assured happens to die by committing suicide within 12 months from the commencement of risk or the date of policy revival, the nominee will receive the higher amount between 80% of the total premiums paid up to the date of death or the surrender value available on that date, provided the policy is active.

The surrender value you will receive is the higher of the GSV, i.e. the Guaranteed Surrender Value or the SSV, i.e. the Special Surrender Value.

  • The policy will acquire Special Surrender Value after you pay premiums for one full policy year.
  • It will acquire a Guaranteed Surrender Value after you pay premiums for two consecutive full policy years.
Disclaimers

Star Union Dai-ichi Life Insurance Company Limited is the name of the Insurance Company and “SUD Life Century Royale” 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 Royale | UIN: 142N083V05 | A Non-Linked Non-Participating Individual 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. 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.