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

1. The illustration above explains the benefits and features of the proposed policy.As this is a Non-Linked Non-Participating plan, where all benefits are guaranteed, rate of return is not applicable.
2. Goods and Services Tax is levied on the premiums as per applicable tax laws and the same is subject to changes in the tax laws in future. Currently the service tax applicable is 4.50% on the first year premium and 2.25% on premiums paid from second year.
3. The Assured Death Benefit is guaranteed subject to the policy terms and conditions and is payable to the nominee/ beneficiary.
   Assured Death Benefit = Highest of 105% of all the premiums paid as on date of death of the Life Assured. OR
   Total Premiums paid accumulated at the interest rate of 6% per annum compounded till the end of policy month following the date of death of the Life Assured.
4. On survival of the Life Assured to the end of the policy term, provided the policy is In-force, Assured Vesting Benefit as defined below will be paid. Assured Vesting Benefit = Vesting Benefit Factor (plus additional Assured Vesting Factor, if any) X Total premiums paid
5. Surrender Value payable would be higher of "Guaranteed Surrender Value (GSV)" and "Special Surrender Value (SSV)". Special Surrender Value is calculated according to the basis and method in use from time to time.
6. On receiving the surrender benefit or vesting benefit, the policyholder has to opt for following option:
   
   1. Commute to the extent allowed under the Income Tax Act and utilize the balance amount to purchase immediate annuity from SUD Life, which shall be guaranteed for life, at the then prevailing annuity/pension rate; OR
   2. Utilize the entire proceeds to purchase the single premium deferred pension product from SUD Life.
      (The above has to be mandatorily opted as per the Section 23/24 of IRDAI (Non Linked Insurance Products) Regulations, 2013).
7. SUD Life Insurance Company Limited is only the name of the Insurance Company and SUD Life Guaranteed Pension Plan is only the name of the product and does not in any way indicate the quality of the product, its future prospects or returns.
8. The purpose of this Benefit Illustration is only to provide a general overview about this policy. The information herein is indicative of the terms, conditions, warranties and exceptions contained in the policy terms and conditions of SUD Life Guaranteed Pension Plan. Please read this benefit illustration in conjunction with the product brochure, policy Terms and Conditions to understand the Terms & Conditions carefully before concluding the sale.
9. **The above mentioned Annuity Amount is for Annuity Option 1 ( Life Annuity) of SUD Life Immediate Annuity Plus (UIN:142N048V02) for Standard Age Proof and at the prevailing annuity rates.
10. The actual annuity amount receivable depends on the prevailing annuity rates at the time of purchase of the annuity policy.
11. The annuity at the time of vesting will be provided by Star Union Dai-ichi Life Insurance Company Limited.
12. 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.

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