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142L099V01 - A Unit Linked Non-Participating Individual Pension Plan.
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
SUD Life Retirement Royale, a unit linked pension plan that allows you to continue enjoying your royal life even after retirement. It also offers protection against market changes and ensures financial security for you and your loved ones.
- 3Return of Policy Administration Charges (RoPAC) at the end of Policy Term
- Free 12 Fund switches per year9
- 4Tax Benefits as per prevailing tax norms
- Guaranteed Additions from end of 6th Policy year, that increases after every 5 years in the Benefit Option – Growth Plus
- Secure your retirement with Assured Guaranteed vesting benefit of 101% of the total premium paid. Available only in benefit option – Secure plus8
Disclaimers:
- 3RoPAC will not apply if the policy is surrender or discontinued during the lock in period. It will be added if the Policy is reduced Paid-up. Total amount of policy administration charges deducted till the vesting date, will be added back as RoPAC to the Fund Value at the end of the Policy term
- 4As per prevailing norms under the Income Tax Act 1961, amended from time to time.
- 8Vesting Benefit in Plan Option Secure Plus is higher of FV with ROPAC or 101% of total premiums paid.
- 9fund switch, premium redirection option is available only under Self-Managed Investment Strategy
Policy Term
| PPT | PT |
|---|---|
| Single Pay | For Option Growth Plus: 10 – 40 Years For Option Secure Plus: 15 – 40 Years |
| Regular Pay | For Option Growth Plus: 10 – 40 Years For Option Secure Plus: 15 – 40 Years |
| 5 Years | 15 – 40 Years |
| 8 Years | 15 – 40 Years |
| 10 Years | 15 – 40 Years |
| 15 Years | 20 – 40 Years |
(Age is age last birthday)
In this plan, the Life Assured will choose the Benefit Option, Premium amount, Premium Payment Term and Policy Term.
| Parameters | Minimum | Maximum |
|---|---|---|
| Sum Assured | For Single Pay : ₹ 10,50,000 For Limited & Regular Pay : ₹2,63,550 |
No Limit, as per board approved underwriting policy |
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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