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142N045V04 - Individual Non-Linked Non-Participating Savings Life Insurance Plan
SUD Life Assured Income Plan is a life insurance endowment plan that allows you to choose a guaranteed, supplementary income for the future, while ensuring strong financial protection to your family in case of uncertainties.
- Guaranteed annual income in future to meet your growing needs
- Get all your premiums back* at the end of policy term
- Immediate lump sum as well as regular income to the family in case of uncertainties
- Income tax benefits are as per Section 80C and Section 10(10D) of the Income Tax Act, 1961
^ Tax benefits are subject to change in tax laws from time to time. Prevailing benefits would be applicable as per the prevailing laws. Please consult your tax advisor for details.
* Excluding GST and extra premium, if any.
- 20 to 35 Years Term
- Minimum Annual Payout Rs. 24,000
- Maximum Annual Payout Rs. 50,00,000
Disclaimer Bank of India is a registered Corporate Agent (IRDAI registration no. CA0035) for Star Union Dai-ichi Life Insurance Company (SUD Life) and does not underwrite the risk or act as an insurer. Participation by the Bank’s customer in the Insurance products is purely on a voluntary basis. The contract of Insurance is between SUD Life and the Insured and not between Bank of India and the Insured. This policy is underwritten by SUD Life Insurance Company. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully before concluding a sale.
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