In case the Life Assured is diagnosed with any of the 40 Critical Illness covered under the plan then subject to policy being in force and life assured surviving the survival period, 100% of the CI Sum Assured will be paid. The policy will continue for life cover till the end of the Policy Term as fully paid and in-force policies and no premiums are required to be paid under the policy provided all due premiums before the incident occurred have been paid.

The Critical Illness benefit will be paid subject to the following conditions:

(a) Critical Illness is diagnosed after a Waiting Period of 90 days from the Date of Commencement of Policy or policy Revival date, whichever is later except in cases where the Critical Illness occurs as a result of an accident; and

(b) Life Assured survives the Survival Period of 15 days. Survival period refers to the period from the diagnosis and fulfillment of the definition of the conditions covered which the Life Assured must survive before the benefit will be payable. In case the Life Assured is diagnosed with any of the defined Critical Illness during the Waiting Period, then no Critical Illness benefits as defined above will be paid however the Company will pay an amount equals to unexpired risk premium value in lumpsum and the policy will terminate.

Death Benefit Payout Option-

The plan offers a choice of three different Payout options. The death benefit will be paid as per the Payout option chosen by the Life Assured at the policy inception:

1. Lump sum: The death benefit will be paid immediately in Lump sum to the Nominee/ Beneficiary.

2. Monthly Income: Monthly Income Benefit of 1% of the Death Benefit will be paid every month for a fixed period of 125 months, starting from subsequent policy month anniversary following the date of death.

3. Lump sum plus Monthly income: 50% of the death benefit will be paid immediately as lumpsum and Monthly Income Benefit of 0.50% of the Death Benefit will be paid every month for a fixed period of 125 months, starting from subsequent policy month anniversary following the date of death.

Yes. This policy provides Income Tax benefits under Section 80(C) and 10(10D) of the Income Tax Act, 1961, subject to conditions stipulated therein. We recommend you consult your tax advisor for details.

Yes. The following rider is available under this Plan.

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

(Please note the rider is available only under Benefit Option 1 & 3)

Policy Holder is allowed a grace period of 30 days in case premium payment mode is quarterly, half-yearly or yearly mode and 15 days in case of monthly mode to pay the due premium. In case of death/CI during grace period, the Death Benefit/CI Benefit under the policy will be payable after deductions of the premiums then due and all premiums falling due during the policy year of death/CI.