Union Bank of India- Product

Search

Home You are here : path  Products path Personal path SUD Life Assured Income Plan

Image  SUD LIFE ASSURED INCOME PLAN

SUD Life Assured Income Plan
UIN: 142N045V01

As we progress in our lives, our responsibilities grow, and so do our expenses. To take care of these growing needs, Star Union Dai-ichi Life Insurance presents to you- SUD Life Assured Income Plan. This life insurance endowment plan allows you to choose a guaranteed tax free supplementary income for future, while ensuring a strong financial protection for your family in case of uncertainties.

Key Features

  • Guaranteed tax free^ annual income for 10, 15, 20 or 25 years in future to meet your growing needs
  • Get all your premiums back# at the end of policy term
  • In case of your unfortunate demise your family gets Death Sum Assured$ immediately and regular annual payouts you had chosen from the next policy anniversary year to the end of policy term
  • Provision to choose a deferment period of 5 years to stay covered for a longer period of time

Insurance is the subject matter of the solicitation. ^Tax benefits are subject to change in tax laws from time to time. Prevailing benefits would be applicable as per the prevailing laws. Please consult your tax advisor for details. #Excluding service tax and extra premium, if any. This is not a sales literature. For details on risk factors, terms and conditions and other details, please refer to the sales brochure carefully, visit our website www.sudlife.in or contact our customer care at 022 – 39546300 before concluding the sale. $Death Sum Assured= 10 times of the Annualized Premium (excluding any extra premium, service tax and loading for modal factors, if any) or 105% of all the premiums paid (excluding service tax and extra premium, if any) as on the date of death of the Life Assured or Guaranteed Maturity Benefit ( For 10 years premium payment term = 10 X Annualized Premium# and for 15 years premium payment term= 15 X Annualized Premium#) or Absolute amount assured to be paid on death (for 10 years premium payment term- 11 X annualized premium rounded up to next Rs. 1000 and for 15 years premium payment term- 16 X annualized premium rounded up to next Rs. 1000), whichever is the highest..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.IRDAI Registration No.- 142. Corporate Agent License number for Union Bank of India – 891295


union

union

  • Rewarded

    Rewarded

    Earn reward points on transactions made at POS and e-commerce outlets

  • Book your locker

    Book your locker

    Deposit lockers are available to keep your valuables in a stringent and safe environment

  • Financial Advice?

    Financial Advice?

    Connect to our financial advisors to seek assistance and meet set financial goals.

  • ATM & Branch Network

    ATM & Branch Network

    Find PNB Branches and ATMs in proximity to your location.