The commission payable under this product is subject to limits set under IRDA (Non-Linked Inusrance Products) Regulations, 2013, which is as mentioned below

1. Rate of Return Assumed in the Sales Illustration
   As this is a non linked non participating plan, where all benefits are guaranteed, rate of return is not applicable.
   
2. Rider Benefit
   Presently,the following riders are available under this product on payment of additional premium over and above the Base premium provided conditions on riders (Entry Age, Policy Term, Premium Paying Term, Sum Assured etc) are satisfied.
   
   1. SUD Life Accidental Death and Total & Permanent Disability Benefit Rider - Traditional (UIN: 142B005V01)
   2. SUD Life Family Income Benefit Rider - Traditional (UIN: 142B007V01)
3. Surrender Benefit for Base Plan
   For Premium Paying Term of 6 years and 8 years, policy can be surrendered after the payment of 2 full policy years premium. For Premium Paying Term of 10 years, policy can be surrendered after the payment of 3 full policy years premium. Surrender Value payable will be higher of Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV). SSV is calculated according to the basis and method in use from time to time.
   Guaranteed Surrender Value (GSV) = {GSV Factor x Total premiums paid till the date of surrender} less {Money Back benefit already paid if any}
   
4. Tax Benefits
   Income tax benefits are available under Section 80C and Section 10(10D) of The Income Tax Act, 1961, subject to conditions stipulated therein and which are subject to change from time to time. You may please consult your tax advisor for further details.
   
5. Proposal Deposit
   The proposal deposit receipt given in respect of the consideration amount paid to the company does not bind the company to accept the risk on the life of the life proposed under the proposal for insurance.
   The above premium is for a healthy individual and would be subject to underwriting.
   Any extra premiums charged are subject to underwriting of proposal, and may change based on the board approved underwriting guidelines. The extra premium to be charged for Non Standard Age Proof cases (NSAP) is Rs. 1.5 per thousand Sum Assured.
   
6. About Star Union Dai-ichi Life Insurance Company Limited
   Star Union Dai-ichi Life insurance is the name of the company and 'SUD Life - Praptee' is only the name of the Plan and does in no way indicate the quality of the policy, its future prospects or returns.
   
7. Goods and Services Tax will be charged on premiums as per prevailing tax laws. The rate currently applicable for Base Plan is 4.50% on the first year premium and 2.25% on renewal premium. The rate currently applicable on Rider Plan is 18%. This is subject to any change in the tax rate.
   
8. For more details on risk factor, terms and conditions, please read the Sales brochure of the plan carefully before concluding a sale.
   In case you require any clarification, please consult your insurance advisor or call our office.
   

I .............................................. (Name), having received the information with respect to the above, have understood the above statement before entering into the contract.

Signature of the Specified Person / Agent / Other Sales Representative :

Company Seal:                                                         Policyholder's signature

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