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SUD Life Shiksha Suraksha II
UIN- 142N038V01

This is a single premium, group mortgage reducing term assurance plan (MRTA) available to education loan borrowers of any lending institution. It provides life insurance cover equal to the amount of loan outstanding at the time of death and is available to both new and existing borrowers.

Key Features

  • Peace of mind: Coverage against existing & new education loans to ensure that loan liabilities are not passed on to the family members.
  • Value for money: Decreasing term insurance plan at an affordable premium
  • Moratorium period coverage: Full loan amount is covered both in case of interest being paid or interest being accumulated during moratorium period
  • Income Tax benefits under Sec 80(C) & 10(10D)*
  • Special discount for High Sum Assured

For more details visit www.sudlife.in
Insurance is the subject matter of the solicitation. *As per the current laws, income tax benefits are available under Section 80C and Section 10(10D) of Income Tax Act, 1961 which are subject to change in tax laws from time to time. For more details on risk factors, terms and conditions please read the sales brochure before concluding the sale. IRDA Registration number of Star Union Dai-ichi Life Insurance Co. Ltd. – 142 (As issued on 14th Feb 2013).Participation by the Bank customers in insurance business shall be purely on a voluntary basis. It is strictly on non-risk participation basis from the Bank. Union Bank is a Corporate Agent of Star Union Daiichi Life Insurance Co. Ltd.IRDA Corporate Agent License number for Union Bank of India – 891295