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SUD Life Abhay

What is the Plan all About?

SUD Life Abhay is a term assurance plan that offers complete protection for your family in case of unfortunate death of the life insured during the policy term. You can choose an option to choose Life cover or Life cover with Return of Premium. This plan comes with Lumpsum, Monthly Income & Lumpsum plus monthly income death benefit payout options.

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Key Features

  • Protection till 80 years of age
  • Flexible payout options
  • Multiple premium payment options
  • Maturity benefit with Return of Premium option
  • Avail tax benefits

What are the Plan Benefits?

Death Benefit

    In the event of unfortunate demise of the life assured during the policy term, Sum Assured will be payable to the nominee depending on the death benefit payout option chosen.

    • Lump sum: Under this option, the death benefit will be paid in Lump sum.
    • Monthly Income: Monthly Income Benefit of 1% of the death benefit will be paid every month for a fixed period of 125 months following the date of death.
    • Lump sum plus Monthly Income: 50% of the death benefit will be paid as a lump sum and monthly benefit of 0.50% of the death benefit will be paid for a period of 125 months.
Maturity Benefit

    Upon choosing Life Cover with Return of Premium option, total premiums paid excluding GST and extra premium, if any will be payable at maturity of the policy.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 18 Years 65 Years
Age at Maturity 33 Years 80 Years
Policy Tenure 15 Years 40 Years
Premium Paying Term Single, Regular Pay, 5/10 & 15 Pay -
Premium Paying Mode Single,Yearly, Half-Yearly, Quarterly, & Monthly -
Sum Assured Rs 50 Lacs Rs 100 Crores (subject To Underwriting)

Is any Rider Available with this Plan?

?????????You can choose SUD Life Accidental Death and Total & Permanent Disability benefit rider to enhance protection under this plan.?

Is the Plan, eligible for Tax Benefit?

SUD Life Abhay Term Plan is eligible for Tax benefits as stated:

  • Premiums paid, qualify for tax benefits as per Section 80C of the Income Tax Act.
  • Death benefit(s) are entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

(Subject to the provision stated therein.)

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