Star Union Dai-ichi’s Guaranteed Money Back Plan

• Guaranteed money back
• Grow funds with guaranteed additions
• Guaranteed lump sum at maturity
• Financial security for family
• Limited pay term of 10 years
• Riders to boost benefits
• High Sum Assured Rebate
• Tax benefits available

Death Benefit

In the event of death of the life insured during the policy term, Entire Sum Assured plus the Guaranteed Additions accrued till date is payable to the nominee.

Survival Benefit

200% of annualized premium as survival benefit is payable at specific intervals on survival of the life insured.
For 10 year policy term, the survival benefit is payable at 5^th policy anniversary.
For 15 year policy term, the survival benefit is payable at 5^th & 10^th policy anniversary.
For 20 year policy term, the survival benefit is payable at 5^th,10^th & 15^th policy anniversary.

Maturity Benefit

In case of survival of the life insured till end of the policy term, Sum Assured (less survival benefits already paid) along with accrued Guaranteed Additions are payable.

Guaranteed Additions

Guaranteed additions will accrue every year, through the entire policy term.
For 10 year policy term, the guaranteed addition is 4% of annualized premium.
For 15 year policy term, the guaranteed addition is 5% of annualized premium.
For 20 year policy term, the guaranteed addition is 6% of annualized premium.
It is payable only, if the policy being in-force.

Bonus

No bonuses as applicable under this policy.

Loan Benefit

No loan facility can be availed under this policy.

Surrender Value

This policy acquires Surrender Value after payment of all the due premium for at least three full policy years. The Surrender Value payable is higher of minimum Guaranteed Surrender Value or Special Surrender Value.

Tax Benefit

This policy provides tax benefits as applicable under the Income Tax Act, subject to change in tax laws.

You can opt for following riders, on payment of additional rider premium.

• SUD Life Accidental Death and Total & Permanent Disability Benefit Rider – Traditional
• SUD Life Family Income Benefit Rider - Traditional

Mukesh aged at 30 years, buys Star Union Dai-ichi’s Guaranteed Money Back Plan that ensures regular money backs along with life cover. He chooses this plan with the policy term of 10 years, premium paying term of 10 years, and the sum assured is Rs 5,00,000.

Scenario A: Mukesh Survives the Policy Term

If Mukesh survives till the maturity of the policy term, he receives Sum Assured (less survival benefits already paid) along with accrued Guaranteed Additions are payable. He also receives 200% of annualized premium as survival benefit is payable at 5^th policy anniversary.

Scenario B: Mukesh dies during the Term of the Policy

In the event of the demise of Mukesh during the policy term, Entire Sum Assured plus accrued Guaranteed Additions are payable to the nominee.

Benefit Illustration: