SUD Life Jeevan Ashray is an affordable life insurance plan that assures a steady growth of your savings and also provides financial protection to your family in case of uncertainties.
Benefits
Financial protection to your family at an affordable price
Guaranteed Benefit of up to 120%*of Sum Assured on maturity
Income tax benefits under Sec 80C & 10 (10D)#
* Depending upon the policy term
# Tax benefits are subject to change in tax laws from time to time. Prevailing benefits would be applicable as per the prevailing laws from time to time.
Key Features
Basic Sum Assured
Min- Rs. 2 lacs
Max- Rs. 50 lacs
Policy Term
Regular & 10-Years Limited Pay: Fixed Policy Term of 15 years and 20 Years
15-Years Limited Pay: Fixed Policy Term of 20 Years
Premium Payment Term-
Regular- throughout the policy term
Limited- 10 Years or 15 Years
Premium Payment Mode-
Annually or half-yearly or quarterly or monthly#
Guaranteed Maturity Benefit
For policy term of 15 years- 115% of Basic Sum Assured
For policy term of 20 years- 120% of Basic Sum Assured
Death Benefit
Death Sum Assured$
# For monthly mode, the payment needs to be done through ECS/SI only
$ Death Sum Assured= 10 times the Annualised premium (where annualized Premium for the purpose of death sum assured refers to premium payable in a year excluding any extra premium, service tax and loading for modal factors, if any) or Guaranteed Maturity Benefit or Absolute amount assured to be paid on death (i.e. Basic Sum assured) or 105% of all premiums paid (excluding any extra premium, and service tax, if any) as on date of death, whichever is higher.
Eligibility
Age at entry-
Minimum- 8 years
Maximum- 40 years for Regular Pay and 50 years for Limited Pay
Maximum Maturity Age-
70 years
