SUD Life Partners with Policybazaar to Introduce NIFTY Alpha 50 Index Pension Fund

Star Union Dai-ichi Life Insurance (SUD Life) has introduced a new equity-linked pension fund under its ULIP pension product, Pension Plus. The fund, called the SUD Life NIFTY Alpha 50 Index Pension Fund, is now available to customers on the Policybazaar platform.

Tracks the NIFTY Alpha 50 Index

The pension fund will invest in stocks that are part of the NIFTY Alpha 50 Index. This index comprises 50 companies selected from the top 300 listed firms, based on their alpha, essentially a measure of performance relative to the broader market. As of April 30, 2025, the index has delivered a 5-year compound annual growth rate (CAGR) of approximately 33.29%.

Sector Allocation

The fund’s portfolio spans multiple sectors, including financial services, consumer goods, healthcare, capital goods, infrastructure, technology, automobiles, oil, metals and mining, and real estate. This diversification is to maintain balance and exposure across various segments of the economy.

Quarterly Refresh

To stay updated with market trends, the fund’s portfolio is reviewed and rebalanced every quarter. This is intended to ensure that it remains aligned with the most recent developments and retains companies that continue to meet the alpha-based criteria set by the index.

Distribution and Background

The new fund is being distributed through Policybazaar, a digital insurance marketplace. SUD Life is a joint venture between Bank of India, Union Bank of India, and Japan-based Dai-ichi Life. The company began operations in 2009 and offers a range of life insurance and retirement-focused products.

Read More: Policybazaar Partners with HDFC Life for a Term Plan with 100% Claim Assurance!

Conclusion

The launch of the NIFTY Alpha 50 Index Pension Fund adds another market-linked option to SUD Life’s retirement portfolio. With its focus on alpha-based stock selection and quarterly rebalancing, the fund is structured to mirror the movements of a high-performance benchmark, offering another route to retirement savings through the ULIP model.

Want to plan regular withdrawals? Our SWP Calculator helps you calculate how much you can withdraw while keeping your investments intact. Try it now!

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.