I want to get the details of SUD Life Loan Suraksha Plan of Investment in Union Bank of India so can you provide me?

At Union Bank of India, they always try to provide maximum benefit to their valued customers. They would like to be your One Stop Shop to take care of all your banking and investment needs.

They provide many avenues in the form of Insurance, Mutual Funds etc to take care of your investment needs.

SUD Life Loan Suraksha Plan

UIN- 142N037V01

This is a single premium, reducing group term assurance plan available to borrowers of home loan and all kinds of other retail loans.

It provides a life insurance cover which is equal to the amount of loan outstanding at the time of death and is available to both new and existing borrowers.

Features-

Coverage against existing & new loans to ensure that your liabilities are not passed on to your loved ones

Decreasing term insurance plan at an affordable premium

Avail coverage during moratorium period of your loan

Option for coverage of Joint borrowers

Income Tax benefits under Sec 80(C) & 10(10D)*

Special discount for High Sum Assured and for Joint borrowers

Participation by the Bank customers in insurance business shall be purely on a voluntary basis.

It is strictly on non-risk participation basis from the Bank.

Union Bank is a Corporate Agent of Star Union Daiichi Life Insurance Co. Ltd.IRDA Corporate Agent License number for Union Bank of India – 891295

Contact-

All-India Toll Free number : 1800 22 22 44 / 1800 208 2244
Charged Numbers : 080-25300175
Dedicated number for NRI : +918025302510