SUD Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here
are the reasons why you should choose SUD Term Insurance Plans:
Eligibility Criteria of SUD Term Insurance Plans
To purchase an SUD term insurance plan in 2025, certain eligibility criteria must be met. Let's understand the eligibility criteria in detail.
Age: A person between the ages of 18 and 65 is eligible to apply for a term life insurance plan. The policyholder’s age is a key factor in the term insurance plan’s premium.
Health condition: Since an SUD term insurance plan insures the policyholder’s life, most insurance providers require a policyholder to undergo a health examination to determine the current health condition and the inherent risks for the insurer. Be completely honest about your health condition and medical history to avoid issues during claim settlement.
Income: An SUD term insurance plan has no specified minimum income requirement. However, they might ask you for your bank statement copies and salary slips to determine the coverage on your term plan.
Smoking habits: If you smoke or have been a smoker in the past, you must disclose this information to the insurer. It is because smokers are exposed to severe health hazards like lung cancer.
Citizenship: Indian citizens can buy an SUD term insurance plan in India in their name. However, NRIs or PIOs can also leverage the benefits of a term insurance plan in India.
Additional Benefits Offered By SUD Plans
The features and additional benefits of the Star Union Dai-Ichi Life Term Insurance plans are as follows:
Return of Premium
Once the life assured outlives till the end of the policy term, the policyholder gets the survival benefits sum in the form of return of premiums.
Critical Illness Benefit
On critical illness diagnosis, the insurer will pay a lump sum of 100% of the critical illness sum assured. Additionally, your future premiums will be waived, and the policy will continue until maturity or death, whichever is earlier.
Choice of Multiple Premium Payment Term
SUD Life Insurance offers 3 premium payment term options for term insurance plans, including:
Single pay: Pay the entire premium in a single pay at policy inception.
Regular pay: Pay premiums throughout the policy term till maturity.
Limited pay: Pay the premium for a limited period.
Add-on Rider
SUD Life Insurance offers optional rider benefits in its term insurance plans. Riders can be added to a term insurance policy to enhance the base sum assured amount and protect against specific conditions.
Choice of policy term
SUD Term Plans offer policyholders to choose the policy term that best fits their requirements.
Types of SUD Term Plans
To choose the best plan to secure your family's financial future, you must understand the types of term insurance offered by SUD Life Insurance. Each plan comes with its own set of benefits and features.
Basic Term Plan
Plan Name: SUD Life Saral Jeevan Bima or SUD Life Protect Shield Plus
These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.
Term Plan with Return of Premium
Plan Name: SUD Life Protect Shield
These plans give the premium amount back to the policyholders only if they survive the policy term.
Term Insurance with Critical Illness
Plan Name: SUD Life Protect Shield
These plans offer inbuilt coverage against critical illnesses.
You can easily initiate the claim settlement process for SUD Life term plans either online or offline ways. Check out the explained process below to understand the claim process thoroughly:
925-1728476268.webp){kind=logo}
926-1728476331.webp)
935-1728476321.webp)
4576-1744191776 (1)4598-1754654947.webp){kind=logo}
4391-1741255269.png)
Do you have any thoughts you’d like to share?