Star Union Dai-ichi Life Abhay Term Insurance Benefits

SUD Life Abhay Benefits

SUD Life Abhay is an affordable term insurance plan, which provides financial protection to the family of the life assured during difficult circumstances. Below mentioned are some benefits of purchasing SUD Life Abhay plan:

1. Financial Assistance: SUD Life Abhay is a comprehensive protection plan which provides financial assistance to your family under unforeseen circumstances such as your sudden demise during the policy tenure. A death benefit shall be provided to the nominee, in case of your unforeseen demise during the policy term. The death benefit can provide financial assistance to your family, which can help them fulfil their daily expenses and follow their dreams even in your absence.

2. Return of Premium: Under the Life Cover with Return of Premium plan option total premium paid excluding the taxes, extra premium and rider premium (if any) shall be provided to you at the time of maturity. In case you survive the entire policy tenure, a guaranteed maturity benefit shall be provided at the end of the policy term.

3. Enhanced Coverage with Rider: Under the SUD Life Abhay plan you can enhance the base coverage of your policy by adding a rider. Under this plan you have the option to add the SUD Accidental Death and Total & Permanent Disability Benefit Rider - Traditional.

4. Multiple Death Benefit Payout Option: SUD Life Abhay plan has multiple death benefit payout options available which are Lump Sum, Monthly Income and Lump Sum Plus Monthly Income. The nominee can choose from the multiple death benefit payout option according to their requirements. Under the lump sum option, the death benefit shall be provided as lump sum. Monthly income option provides 1% of the death benefit as monthly income for 125 months starting after the first month from the date of demise. Under the lump sum plus monthly income 50% of the death benefit shall be provided as lump sum and the remainder shall be provided as 0.50% as monthly income for 125 months starting after the first month from the date of demise.