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SUD Life Jeevan Ashray is a non linked , non participating, endowment assurance plan. The plan is an affordable life insurance plan that assures a stable progress of your savings and also provides financial protection to your family in case of any uncertainties. SUD Life Jeevan Ashray helps you save money recurrently to get a secure future for you and your loved ones.BUY NOW
In the event of death of the life insured during the policy term, nominees will receive Death Sum Assured and the policy ceases thereafter.
Death Sum Assured is highest of:
On survival of the life assured to the end of the policy term provided the policy is kept in-force and all due premiums are paid, you will receive the Guaranteed Maturity Benefit mentioned below:
This plan is a non participation endowment plan which does not get any bonus.
The loan can be availed for up to 80% of the Surrender Value at the applicable interest rate levied.
The Surrender Value payable will be higher of “Guaranteed Surrender Value (GSV)” and “Special Surrender Value (SSV)”. If you have paid all premiums for at least first three consecutive full years, then only the policy will acquire a surrender value.
The plan offers tax benefits under section 80C and section 10 (10D) of the Income Tax Act,1961.
|Age (as on last birthday)||8 Years||40 Years- For Regular Pay 50 Years- For 10/15 Years Limited Pay|
|Age at Maturity||-||70 Years|
|Policy Tenure||15 Years||20 Years|
|Premium Paying Term||Equal To The Policy Pay Term Or Limited Pay||-|
|Premium Paying Mode||Annually,Semi Annually,Quarterly And Monthly||-|
|Sum Assured||Rs 2 Lacs||Rs 50 Lacs|
|Freelook Period||15 Days/ 30 Days (for Distance Marketing Channel) From The Receipt Of The Policy||-|
|Grace Period||30 Days & 15 Days (for Monthly Mode)||-|
The plan does not offer any riders.
Mohit, aged 30, has opted for a Basic Sum Assured of ` 200,000 and a term of 20 years. He decides to pay regular premiums through annual mode. He has to pay ` 9,290 p.a. for 20 years. He will receive maturity benefit of ` 240,000 after 20 years. In case of Mohit's unfortunate demise during the policy term, his family will get guaranteed Death Sum Assured of ` 240,000 exclusive of extra premium and service tax.