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Star Union Dai-Ichi Life Insurance

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Star Union Dai-Ichi Life Insurance

Overview
Star Union Dai-ichi Life Insurance Co. Limited seeks to cater to all sections in society and tailors its insurance products accordingly. The company has been founded as a joint venture by Japan’s second biggest insurance player, Dai-ichi and leading public sector banks like the Union Bank of India and Bank of India.

There are several insurance products on offer like child plans, retirement and pension plans, ULIPs, Term plans and others. The company accesses a network of 64 million customers and 11, 000 branches through its promoter entities. This gives it a strategic edge over the competition.

Star Union Dai-Ichi Life Insurance at a glance
  • Highest Claims Settlement- Awarded by ABP News at BFSI Awards, February 2015
  • Vision to be a trustworthy lifelong insurance partner for all
  • Dai-ichi Life Insurance has in force premiums of $54 billion
  • Assets of $484 billion (as on 31st March 2016, on a consolidated basis)
Star Union Dai-ichi Life Insurance Co. Limited Term Plans
There are several Star Union Dai-ichi Life Insurance Co. Limited Term plans on offer. These plans enable future income building and offers life coverage throughout the term when premium is being paid. Regular payments are assured every month for 15 years upon maturity. The policy is not linked to any market fluctuations.

Documentation needed to apply for Star Union Dai-Ichi Life Insurance
  • Age proof - (Any One)
    Driving License, Passport, Voter ID Card, Birth Certificate, etc
  • Identity proof – (Any One)
    Driving License, Passport, Voter ID card, PAN Card, Aadhar Card, or any document which proves citizenship
  • Income proof
  • Address proof – (Any One)
    Driving License, Passport and Utility Bill should clearly mention the permanent address
  • Income proof – (Any One)
    Salary Slip, Form 16, ITR
  • Recent passport size photograph

Star Union Dai-Ichi Term Insurance Plans
  • SUD Life's Premier Protection Plan: SUD Life's Premier Protection Plan is a true term plan offering protection for the policyholder against any eventuality. The plan assures the family lifestyle continues to be the same even in case of your unfortunate demise. The plan comes with an affordable premium starting from just Rs.500 per month.

1: SUD Life's Premier Protection Plan: SUD Life Premier Protection Plan is a term insurance plan tailor made to offer optimal protection at affordable costs. The plan offers premium starting from as low as Rs. 500 to make insurance cost effective for all sections of society.

Advantages and benefits
  • Premium Rebates available for Higher Sum Assured
  • Special rebate where ECS/SI mode of payment is chosen.
Features Description
Minimum/Maximum Age of the Life Assured at Entry Minimum: 18 years (age last birthday)
Maximum: 60 years (age last birthday)
Maximum Age of the Life Assured at Maturity 70 years (age last birthday)
Premium Yearly: Rs. 5000
Half-Yearly: Rs. 2500
Monthly: Rs. 500
Policy Term Minimum: 10 years • Maximum: 30 years
Sum Assured Minimum:
Rs. 2,500,000
Maximum:
Rs. 1,000,000,000
Premium Payment Term Equal to policy term
Premium Payment Modes Yearly, Half-yearly or Monthly (ECS/SI only)modes