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Insurance

SUD Life Immediate Annuity Plus

A non-linked, non-participating immediate annuity plan with lifelong income options funded by savings, eligible reverse-mortgage proceeds or proceeds.

Policy typeIndividual non-linked non-participating immediate annuity plan (UIN 142N048V05).InsurerStar Union Dai-ichi Life Insurance Company (SUD Life), distributed by Bank of India as corporate agent CA0035.Minimum annuity paymentMinimum payment: ₹12,000 yearly, ₹6,000 half-yearly, ₹3,000 quarterly or ₹1,000 monthly.
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Quick eligibility check

SUD Life Immediate Annuity Plus

0 of 4 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your age meet this requirement: No numeric entry-age rule is published on the reviewed Bank of India product page?

Published source: Entry age

2Does your age meet this requirement: confirm age eligibility with SUD Life before applying?

Published source: Entry age

3Do you meet this requirement: Option B requires proceeds from an approved reverse-mortgage institution?

4Do you meet this requirement: option follows the published conditions?

0 of 4 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byBank of India

India; subject to SUD Life annuity terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Policy typeIndividual non-linked non-participating immediate annuity plan (UIN 142N048V05).View source
The page describes regular lifelong income under the chosen annuity option and identifies the plan .
Source
SUD Life Immediate Annuity Plus
Page / section
Overview
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
InsurerStar Union Dai-ichi Life Insurance Company (SUD Life), distributed by Bank of India as corporate agent CA0035.View source
The disclaimer distinguishes BOI’s corporate-agent role from SUD Life’s underwriting contract.
Source
SUD Life Immediate Annuity Plus
Page / section
Disclaimer
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Funding and plan optionsOption A: purchase from savings or eligible SUD Life deferred-pension proceeds and choose 9 annuity options. Option B: use reverse-mortgage proceeds from an approved financial institution and choose 2 options. Option C: use NPS proceeds; the default joint-life option with 100% return of purchase price is available to NPS subscribers and a single-life option is available in the stated case.View source
The Benefits tab lists three funding routes and the corresponding annuity-option counts.
Source
SUD Life Immediate Annuity Plus
Page / section
Benefits / Plan options
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum annuity paymentMinimum payment: ₹12,000 yearly, ₹6,000 half-yearly, ₹3,000 quarterly or ₹1,000 monthly.View source
The payment tab publishes four minimum amounts by frequency.
Source
SUD Life Immediate Annuity Plus
Page / section
Minimum annuity payment
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Purchase premiumThe reviewed BOI page does not publish a universal purchase-price or premium table; the required purchase amount depends on the selected annuity option, age and quotation.View source
The page publishes minimum annuity payouts but no universal purchase-price table.
Source
SUD Life Immediate Annuity Plus
Page / section
Benefits / Minimum annuity payment
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Payment frequencyMonthly, quarterly, half-yearly or yearly annuity payments.View source
The frequency tab lists monthly, quarterly, half-yearly and yearly payments.
Source
SUD Life Immediate Annuity Plus
Page / section
Payment frequency
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
ExclusionsThe complete annuity exclusions and option-specific conditions are not printed on the reviewed BOI page; consult the sales brochure and policy wording.View source
The disclaimer directs customers to the sales brochure for risk factors, terms and exclusions.
Source
SUD Life Immediate Annuity Plus
Page / section
Disclaimer
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Entry ageNo numeric entry-age rule is published on the reviewed Bank of India product page; confirm age eligibility with SUD Life before applying.View source
The catalogue and reviewed product pages publish product benefits, terms and cover ranges but do not state a universal entry-age threshold for these four products.
Source
Bank of India individual SUD Life insurance catalogue
Page / section
Individual product catalogue and linked product pages
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Waiting periodNo numeric waiting-period rule is published on the reviewed Bank of India product page; any plan-specific exclusions or waiting conditions are in the SUD Life sales brochure and policy wording.View source
The reviewed catalogue and linked pages direct customers to the sales brochure for risk factors, terms and exclusions and do not print a waiting-period number.
Source
Bank of India individual SUD Life insurance catalogue
Page / section
Catalogue, Benefits and Disclaimer
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Policy termImmediate annuity payments are lifelong under the selected option; no fixed numeric policy-term range is published on the reviewed BOI page.View source
The page describes lifelong income and payment frequencies but does not state a fixed policy-term number.
Source
SUD Life Immediate Annuity Plus
Page / section
Overview / Benefits / Payment frequency
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Sum insured / coverAn immediate annuity pays an annuity income rather than a separately stated sum-assured range; no numeric sum-assured amount is published on the reviewed BOI page.View source
The page publishes minimum annuity payments by frequency, not a separate sum-assured range.
Source
SUD Life Immediate Annuity Plus
Page / section
Plan options / Minimum annuity payment
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Key coverageLifelong annuity income; Three funding routes; Monthly to yearly payment frequencies; Minimum ₹1,000 monthly paymentView source
The manually reviewed product benefits state: “Lifelong annuity income; Three funding routes; Monthly to yearly payment frequencies; Minimum ₹1,000 monthly payment”.
Source
SUD Life Immediate Annuity Plus — official product page
Page / section
Published coverage and benefits
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsLifelong annuity income; Three funding routes; Monthly to yearly payment frequencies; Minimum ₹1,000 monthly paymentView source
The manually reviewed product record states: “Lifelong annuity income; Three funding routes; Monthly to yearly payment frequencies; Minimum ₹1,000 monthly payment”.
Source
SUD Life Immediate Annuity Plus — official product page
Page / section
Published product metadata
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Lifelong annuity income
  • Three funding routes
  • Monthly to yearly payment frequencies
  • Minimum ₹1,000 monthly payment

Eligibility

  • Option B requires proceeds from an approved reverse-mortgage institution; option follows the published conditions.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Application and /annuity-purchase documents requested by SUD Life

Related official documents

Individual insurance catalogue — Bank of Indiaofficial-product-page · current · accessed 30 Aug 2026
↗
SUD Life Immediate Annuity Plus — official BOI pageofficial-product-page · current · accessed 30 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Life-cover needs estimate

See whether your current cover and savings may leave a gap for your family. This does not calculate an insurance premium.

Possible cover gap₹1,15,00,000one crore fifteen lakh rupees
Income your family may need₹1,00,00,000one crore rupees
Cover and savings already counted₹5,00,000five lakh rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Option A · Published detailSavings or SUD Life deferred-pension proceeds; 9 annuity options

This value is copied from SUD Life Immediate Annuity Plus — published terms. Check the table notes before relying on it.

Source: SUD Life Immediate Annuity Plus · Benefits / Minimum annuity payment / Frequency Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 5 rows · 2 columnsSUD Life Immediate Annuity Plus — published termsView tableHide table

Scroll sideways to view every column

SUD Life Immediate Annuity Plus — published terms
ParameterPublished detail
Option ASavings or SUD Life deferred-pension proceeds; 9 annuity options
Option BApproved reverse-mortgage proceeds; 2 annuity options
Option C proceeds; published single/joint-life options
Minimum payment₹12,000 yearly; ₹6,000 half-yearly; ₹3,000 quarterly; ₹1,000 monthly
Purchase premiumNot published on reviewed BOI page
SUD Life Immediate Annuity Plus · Benefits / Minimum annuity payment / Frequency · accessed 30 Aug 2026Open official source ↗

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