SUD Life GUARANTEED  PENSION PLAN


142N052V01 - Individual Non-Linked Non Participating Deferred Pension plan

SUD Life Guaranteed Pension Plan is a non-linked non-participating deferred pension product that helps you in planning your life post retirement – be it starting a new venture, pursuing a hobby, travelling the world or just enjoying time with your loved ones. This plan helps you meet planned, as well as unplanned, financial needs by providing a lump sum at retirement.

  • Guaranteed additions
  • Assured pay-out in case of demise#
  • Hassle free enrolment – no medicals
  • Flexibility to choose investment period
  • Vesting benefit at retirement

# higher of 105% of all premiums paid excluding tax or return of all premiums paid accumulate at 6% p.a. compounded till the end of policy month following the date of death of the Life Assured


  • Entry age Age at Entry: 35 to 65 years (age last birthday), subject to minimum and maximum vesting age
  • Maturity age Minimum Vesting Age: 55 years (as on last birthday)Maximum Vesting Age: 70 years (as on last birthday)


Pre Payment Term (PPT) & Policy Term (PT)

  • Single PPT for PT of 5 years
  • Single PPT for PT of 10 years
  • PPT of 5 years for a PT of 10 years
  • PPT of 10 years for a PT of 15 years
  • PPT of 15 years for a PT of 20 years

Minimum Premium

  • Single Premium PPT,Minimum Annual Premium Rs.1,00,000
  • 5 year limited PPT,Minimum Annual Premium Rs.30,000
  • 10 year limited PPT,Minimum Annual Premium Rs.20,000
  • 15 year limited PPT,Minimum Annual Premium Rs.20,000

Maximum Premium

  • Maximum Premium ₹ 5 Crores (Single/Annual)


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.

SUD-Life-GUARANTEED--PENSION-PLAN