SUD Life Elite Assure Plus
142N059V03 - Individual Non-Linked Non-Participating Savings Life Insurance Plan
SUD Life Elite Assure Plus is a limited premium non-linked non-participating endowment life insurance plan that offers protection for your family in case of unfortunate death and offers you additional protection with inbuilt accidental death benefit. It also helps you to build savings and provides assured monthly pay-outs.
- The flexibility to choose from 2 plan options: Plan Option '5-5-5': Pay premium for 5 years, your money accumulates for another 5 years and receive pay-outs in the next 5 years & Plan Option '7-7-7': Pay premium for 7 years, your money accumulates for another 7 years and receive pay-outs in the next 7 years.
- In-built accidental death benefit – double death benefit in case of accidental death
- Annual pay-outs - equals to 5 X monthly pay-out during pay-out period
- Lump sum at the end of the policy term - up to 60 x Monthly Pay-outs*
*For Plan option 5-5-5, the lump sum equals to 40 X Monthly Payout.
SUD Life Elite Assure Plus
- Term- 15 years or 21 years
SUD Life Elite Assure Plus
- Minimum Monthly Payout Rs. 10,000 *
- Maximum Monthly Payout Rs. 10,00,000 *
*Monthly Payout should be in multiples of Rs. 1,000
SUD Life Elite Assure Plus
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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