SUD Life Akshay

​​​​​​​​​​​​​​SUD Life Akshay is Individual Non-Linked Deferred Participating Savings Life Insurance Plan that gives you regular income and long-term insurance protection. This plan ensures that you keep receiving periodic survival benefits along with bonuses, if declared and in case of any unfortunate event, ensure financial security for your loved ones. Bonuses includes cash bonus, compound reversionary bonus and terminal bonus, which will help you to accumulate a corpus for the years to come.​​​​

For more details please refer brochure in downloads section.​​​​

​Guaranteed cashback – Enjoy guaranteed yearly cashback from 16th policy year​

Cash benefit – Receive yearly cash bonus* from the 16th policy year

Extended Life Cover – Enjoy coverage upto 95 years of age

Maturity Benefit – Receive bonus# and assured lump sum amount on maturity

Avail tax benefits**​​


​*cash bonus will be paid from 16th policy year on the basis of performance of participating fund.# Bonus on maturity refers to compounded reversionary bonus which will accrue from 6th policy year and will be paid on maturity
** Tax benefits are as per prevailing tax laws and subject to change from time to time​

Survival Benefit

a. Guaranteed Cash Back ​

​Guaranteed Cash Back will be paid at the end of each policy year starting from the 16th policy year till the end of policy term provided the policy is In-force and Life Assured is alive.
Guaranteed Cash Back will be paid as per the table given below:​
​​​​​​​​​​Guaranteed Cash Back rate per 1000 Sum Assured on Maturity​
​​​​Policy TermPremium Paying Term​

b.​ Non-guaranteed Cash Bonus

Non-guaranteed Cash Bonus may be declared based on the performance of the participating fund. The cash bonus will be payable every year from the 16th policy year along with the Guaranteed Cash Back benefit. The cash bonus will be payable till maturity or death whichever is earlier.​

Maturity Benefit

On survival of the Life Assured till the end of the Policy Term, provided the policy is In-force, Sum Assured on maturity along with accrued Reversionary Bonuses and terminal bonus, if declared will be paid immediately at the end of the policy term. The last Guaranteed Cash Back and last non –guaranteed Cash Bonus if declared will also be paid along with the maturity benefit.​​

a. ​Reversionary Bonus:

The compound reversionary bonus may be declared by the company and shall be attached to all in force Policies from 6th policy year onwards only. Bonuses are declared by the company based on the performance of the participating fund of the company. Once added to the policy, the bonus is guaranteed to be payable either on death or on maturity.​​
Compound Reversionary Bonus is calculated as percentage of Sum Assured on Maturity and all previously accrued reversionary bonuses​.​​​

b.​ Terminal Bonus:

The company may also declare terminal bonus depending on the performance of participating fund of the Company, which shall be paid along with the maturity benefits and death benefits during the policy term, provided the policy is in force. ​​​​
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Death Benefit

On death of the Life Assured during the Policy Term, provided the policy is in-force, Sum Assured on Death as defined below, along with the accrued Reversionary Bonuses and terminal bonus, if declared will be paid and the policy gets terminated immediately.

Sum Assured on Death is 11 times the Annualized Premium where, Annualized Premium refers to premium payable in a year, excluding the taxes, rider premiums, underwriting extra premiums and loading for modal premiums, if any.

In any case, the minimum death benefit shall be 105% of the total premiums paid (excluding any extra premium and taxes, if any) as on the date of death.
​Entry AgeMin 25 & Max 50 years (age last birthday)​
Maturity AgeMax 95 years (age last birthday)
​Policy Term40/45/50 years
Premium Payment Term10/15/20 years
​Sum Assured on MaturityMin 5 lakhs & Max 100cr^
^Subject to board approved underwriting policy of the company
Premium Payment ModeMonthly, Quarterly, Half-Yearly, Yearly
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Registered with IRDAI as Life Insurance Company, Registration No. 142.

Registered Office : 11th Floor, Vishwaroop I.T . Park, Plot No. 34, 35 & 38, Sector: 30A of IIP, Vashi, Navi Mumbai – 400 703.

Telephone No.: 022-71966200, Fax No.: 39472811, CIN No: U66010MH2007PLC174472.

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