New policies announced by ‘SUD Life’
‘Star Union Daichy Life Insurance Company’ has announced six new policies in insurance field to attract more customers. It is well known that bank of India, union bank of India, Daichy Mutual life insurance companies combined to form Star union Daichy Life insurance company (SUD Life). Now to attract more customers, this company has introduced six new policies. General insurance, group insurance are present in these new policies.

General Insurance policies.

SUD Life Instant Endowment Plan:
People of 18 to 49 years of age group can take this policy. Along with accident death benefit, they are also providing permanent disability benefit for the vehicle rider.

SUD Life Term Assurance Plan:
People of 18 to 60 years of age group can take this policy. Policy can be taken for the amount of Rs.5 lakhs to Rs.24 lakhs 99 thousand.

SUD Life Premier Protection Plan:
People with 18 to 60 years of age group can take this plan. A minimum of 25 lakhs insurance has to be taken. This policy is intended for the people who wish for high security.

Group Insurance Policies:

SUD Life Group Gratuity Plan:
This policy is made for employees gratuity management. Along with gratuity, death benefit can also be availed.

SUD Life Group Leave Encashment Plan:
This policy is made for the working professionals of 18 to 59 years of age group.

Reverse mortgage loan – annuity plan:
This policy is made mainly in order to provide financial security for senior citizens. There are two options in this plan. In the first option, policy holders can avail some amount every year lifelong. No amount is paid after the death.