Group Plans

Credit Life

1. 1. SUD Life Sampoorna Loan Suraksha Plus

142N084V01 - Non-linked Non-participating Group Credit Life Insurance Plan

SUD Life Sampoorna Loan Suraksha Plus is a Non-Linked Non-Participating Single Premium Group Credit Life Insurance Plan. This plan is designed to cover all types of loans including home loan, education loan, vehicle loan, personal and other loans. This life insurance plan gives you peace of mind by paying the outstanding loan amount in case of death, disability, critical illness of insured member.

• Offers protection against all types of loan liability
• Affordable Low-Cost Loan Insurance Plan
• Attractive options on Joint Borrowing

BENEFITS

• Life Cover
• Life Cover plus Accelerated Critical Illness Benefit
• Life Cover plus Accelerated Accidental Total & Permanent Disability
• Life Cover plus Accidental Death Benefit
• Life Cover plus Accelerated Accidental Total & Permanent Disability plus Accidental Death Benefit
• Income Tax benefits subject to conditions stipulated therein
For more information about SUD Life Sampoorna Loan Suraksha Plus Plan click here

Term Plans

1. 1. SUD LIFE PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA (PMJJBY)

142G047V02

SUD Life Pradhan Mantri Jeevan Jyoti Bima Yojana is a one-year renewable group term insurance scheme that provides life cover at low cost to the members of savings bank account

BENEFITS

• Protection to your family with a life cover of Rs. 2 lacs
• Affordable premium of Rs. 436 p.a
• Facility to Auto-Debit the premium
For more information about SUD Life PMJJBY Plan click here.

1. 2. SUD LIFE GROUP TERM INSURANCE PLUS

142N046V03

SUD Life Group Term Insurance Plus is an annually renewable group term assurance plan that helps you to provide life cover to your group members in a cost-effective way and secure their peace of mind.

POLICY TERM

• Policy Term – One Year Renewable
• Premium Term – Yearly, Half Yearly. Quarterly and Monthly

SUM ASSURED

• Minimum Sum Assured – 5000
• Maximum Sum Assured – 50 Crs

BENEFITS

• Financial protection for the insured member at competitive rates
• Unmatched flexibility:
• To customize suitable protection for the group
• For new members to join in and existing ones to leave the group
• To pay premiums in various modes
• No medical tests up to Free Cover Limit
• Income Tax Benefits* - Premiums paid by the master policyholder are tax deductible as business expense (section 37 of Income Tax Act, 1961) and are not taxable as a perquisite in the hands of the member. Premiums paid by the insured members are eligible for tax rebates (section 80C of the Income Tax Act, 1961) and benefits are exempted from income-tax in the hands of beneficiaries (section 10(10D) of Income Tax Act, 1961). Tax benefits are subject to change in tax laws from time to time. Prevailing benefits would be applicable as per the prevailing laws, subject to conditions stipulated therein
For more information about SUD Life Group Term Insurance Plus Plan click here.