Do you want to …
Do you want to…
Secure your Child’s Future?
Secure Future Responsibilities towards your Parents?
Enjoy your Dream Vacations as Planned?
Have a Guaranteed Regular Source of Income to Retire Easy?
Have a long term Life Cover?
1
To have them you need…
To have them you need…
Regular Cash Flow
Guaranteed Lump Sum
Flexible Investment Term
Long Term Protection
2
UIN : 142N083V04
A Non-Linked Non-Participating Individual Savings Life Insurance Plan
4
Features
Features
Guaranteed Maturity
Benefit
Guaranteed Life
Cover** Tax Benefit*
Guaranteed Income In today’s uncertainty, Loan Facility
We Promise Guaranteed
Happiness
Happiness = Guaranteed Income + Life Cover + Maturity Benefit
*Tax benefit may be available on the premiums paid and benefits received as per prevailing tax laws
**Guaranteed Life Cover throughout the policy term
5
Eligibility Criteria
Eligibility Criteria
Parameters 7 PPT(1) 12 PPT(1)
Min Age at Entry 18 Years 18 Years12 PPT
PPT
Max Age at Entry 55 Years 50 Years
PPT
Maximum Maturity Age 95 Years
Min Annual Premium ₹ 1,00,000PPT ₹ 60,000
Max Annual Premium As per Board Approved Underwriting Policy
Policy Term (years) 25, 30, 35 and 40 years 30, 35 , 40 and 45 years
PPT
Mode of Premium Yearly and Monthly Yearly and Monthly
8 X AP(2) 15 X AP(2)
PPT
Maturity Benefit • For online channel Maturity benefit is increased by 7.5%
• For annualized premium of ₹ 2 lakh and above, the Guaranteed Maturity Benefit
payable will be increased by 1%
10 X AP(2) increasing to
Death Benefit 10 X AP(2)
15 X AP(2) during PPT
(1) PPT - Premium Paying Term (2) AP - Annualized Premium
(3) Where PPT is 12 Pay : Absolute Sum Assured will be 10 times of Annualized Premium during the first policy Yr., increasing at each policy anniversary uniformly up to 15 times of
Annualized Premium during the premium payment term. From 12th Policy Yr. Sum Assured will be 15 times the Annualized Premium throughout the Policy Term.
6
SUD Life Century Royale : Product Benefits
Product Benefits
Survival Maturity Death
Benefit Benefit Benefit
7
SUD Life Century Royale : Survival Benefit
Survival Benefit
Number of Guaranteed Income (GI) Pay-outs as per below table
Policy Term
Pay-out (in years)
PPT start at the 25 30 35 40 45
end of
Number of Pay-outs
7 Pay 10th Yr. 16 21 26 31 NA
12 Pay 15th Yr. NA 16 21 26 31
In case of death of the Life Assured during Policy Term and before Policy Maturity Date, the future instalments of Guaranteed Income, if any, will cease and Death Benefit shall be
payable by Company.
8
SUD Life Century Royale : Survival Benefit
Survival Benefit - Illustration
Guaranteed Income (GI) for 7 PPT
Premium Paying Term 7 years
Guaranteed Income (10th year onwards) Policy Term = 30 Years
0 6 10 30
Guaranteed Income (GI) for 12 PPT
Premium Paying Term12 years
Guaranteed Income (15th year onwards) Policy Term = 30 Years
0 11 15 30
Guaranteed Income (GI) shall be a percentage of Guaranteed Maturity Benefit depending on entry age, premium payment term and Policy Term
9
SUD Life Century Royale : Maturity Benefit
Maturity Benefit
Guaranteed Maturity Benefit
7 Pay 12 Pay
8 times of 15 times of
Annualized Annualized
Premium Premium
High Premium Benefit:
• For annualized premium of ₹ 2 lacs and above, the Guaranteed Maturity Benefit payable will be increased by 1%
• For online channel Maturity benefit is increased by 7.5%.
• For the policies purchased by the staff of corporate agents and their family (parents, spouse, children and siblings), the Guaranteed Maturity Benefit will be
increased by 7.5%.
10
SUD Life Century Royale : Death Benefit
Death Benefit
Highest of:
01 10 times of Annualized Premium(1) OR
02 10 times of Annual Premium(2) OR
03 105% of Total Premiums Paid as on date of death OR
04 Absolute Sum Assured as on the date of death
1. Annualized Premium refers to premium amount payable in a year excluding taxes, underwriting extra premium, rider premium, and loading for modal premiums, if any
2. Annual Premium shall be the premium amount payable in a year as chosen by the policyholder, excluding the taxes, rider premiums & underwriting extra premiums, if any.
3. Total Premiums Paid mean total of all the premiums received by the Company under the base product, excluding any extra premium and taxes, if collected explicitly.
11
SUD Life Century Royale : Death Benefit
Death Benefit
Absolute Sum Assured on Death
1
Premium Paying Term
10 X Annualized Premium
7 years
Policy Term
Premium Paying Term
15 X Annualized Premium
12 years
2
• Guaranteed Income(GI) paid, if any, after the date of death of the Life Assured shall be deducted from the Death Benefit payable.
• Where PPT is 12 Pay : Absolute Sum Assured will be 10 times of the Annualized Premium during the first policy year, increasing at each policy anniversary uniformly up to 15 times
of the Annualized Premium during the premium payment term. From 12th Policy Year Sum Assured will be 15 times the Annualized Premium throughout the Policy Term.
12
How does this Plan Work? – Illustration 7 PPT (Survival & Maturity Benefit)
Additional Features
1. Premium Payment Frequency
During the Premium Payment Term, the Policyholder has an option to alter/ change the premium payment frequency as available under the policy.
The Policyholder can exercise such option only on Policy Anniversary
2. Modes of the premium payment
Modes of premium payment frequency available under this plan are: Yearly and Monthly
3. Lapse
• If you have not paid the due premiums for the first full policy years within the grace period, the policy lapses. Life cover ceases and no benefits will be paid
under the lapsed policy till the policy is revived.
4. Reduced Paid Up
If the premiums due under this policy have been paid for at least first full policy years and subsequent premiums are not paid, then the policy will
acquire reduced paid-up status.
5. Free Look Period
If policyholder disagree to any of those terms or conditions in the policy, they have an option to return the policy to us within 30 days from the date
of the receipt of the policy document, stating the reasons for your objection.
6. Surrender Benefit
You can surrender your policy any time after completion of first policy year. Surrender Value payable will be higher of Guaranteed Surrender Value
(GSV) or Special Surrender Value (SSV). Special Surrender Value will be acquired after receipt of one full Policy Year premiums, whereas the
Guaranteed Surrender Value will be acquired after receipt of first two consecutive full Policy Year premiums
13
Key Points
Key Points
➢ Premium Paying Term: 7 or 12 years
➢ Policy Term (in Years):
7 Pay: 25, 30, 35, 40
12 Pay: 30, 35, 40, 45
➢ Min Annualized Premium:
7 Pay: Rs. 1 Lac
12 Pay: Rs. 60,000
➢ Tax Free1 Guaranteed Income:
7 Pay: from 10th year onwards (till end of policy term)
12 Pay: from 15th year onwards (till end of policy term)
➢ Guaranteed Maturity Benefit at the end of Policy Term
For 7 Pay: 8 times of Annualised Premium
For 12 Pay: 15 times of Annualised Premium
➢ Guaranteed Life Cover up to 45 years of Policy Term2
➢ Tax benefit1 u/s 80C & 10(10D)
Disclaimer:
1Tax benefit may be available on the premiums paid and benefits received as per prevailing tax laws
2 Guaranteed Life Cover for 45 years is for premium payment term of 12 years
➢ Loan facility
14
02-03-2020 15
02-03-2020 16
