Star Union Dai-ichi

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Highlights
Claim Settlement Ratio96.96% in FY 2019-20
Customer Care9:30 AM to 6:30 PM
Death Benefit Paid For1,210 Policies
Inception2009
Presence1,950 Branches
Total Death Benefit PaidRs.50.47 Crore

About Star Union Dai-ichi Term Insurance

Founded in 2009, Star Union Dai-ichi Life Insurance (SUD Life) is one of the celebrated life insurance companies in India. The company is the result of a joint venture between Bank of India & Union Bank of India and Dai-ichi Life Holdings, a recognized life insurance company in Japan. SUD Life has over 15,000 bank branches catering to more than 9.2 million customers that place immense trust in the insurer. It must be noted that SUD Life has one of the largest life insurance distribution footprints in the country.

Keeping customers as the ultimate priority, Star Union Dai-ichi Life Insurance or SUD Life, provides a wide array of insurance products to serve the varied needs of its customers, irrespective of the geographical locations. Awarded with APAC Gartner Innovation Awards 2020, National Award for Excellence in Corporate Governance 2020, Life Insurance Company of the Year 2015 and more, Star Union Dai-ichi Life Insurance provides reliable and affordable term insurance plans that helps customers secure their family’s financial future even in their absence.

List of Star Union Dai-ichi Term Insurance Plans

The term insurance plans that Star Union Dai-ichi Life Insurance provides include:

  • Star Union Dai-ichi Abhay Term Insurance Plan
  • Star Union Dai-ichi Saral Jeevan Bima Plan

Term Life Insurance Premium Calculator

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Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
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Disclaimer :
1. Premium has been calculated for coverage till 70 years
2. Eligibility depends on income, occupation and educational qualification

Star Union Dai-ichi Plan List

Name of PlanSum Assured
Life Abhay Plan20 lac - 10 cr Get Quotes Now

Star Union Dai-ichi Term Insurance User Reviews

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What users are saying
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  • Website accessible on mobile

    I found InsuranceDekho accessible and running on my mobile smoothly without any glitch. This helped me to issu...

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    U
    Star Union Dai-ichi
    By Uttam Mukherjee
    On: Jul 15, 2021
  • Received expert suggestions

    I wanted to extend the policy coverage of my Dai-ichi Life Insurance plan, but I was clueless on how to procee...

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    S
    Star Union Dai-ichi
    By Swapan Nath
    On: Jul 01, 2021
  • Good plan

    It has been a few days since I got my Star Union Dai-ichi Life Saral Jeevan Bima issued. I am so thankful to t...

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    K
    Star Union Dai-ichi
    By Kaushal Singh
    On: Invalid date

Claim Process at Star Union Dai-ichi

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
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FAQ About Star Union Dai-ichi

  • Does Star Union Dai-ichi Life Insurance have a high claim settlement ratio?

    The claim settlement ratio or CSR for Star Union Dai-ichi Life Insurance for the FY 2019-20 is 96.96%.

  • Which term insurance plans does Star Union Dai-ichi Life Insurance provide?

    Star Union Dai-ichi Abhay Term Insurance Plan and Star Union Dai-ichi Saral Jeevan Bima Plan are the two term plans offered by the company at reasonable premium rates. 

  • What is the free-look period for term plans at Star Union Dai-ichi Life Insurance?

    The free-look period for cancelling a term plan is 15 days. The free-look period is 30 days in case the policy has been purchased through distance marketing mode. 

  • What are the premium paying terms that I can choose from for my Star Union Dai-ichi term insurance?

    The premium paying term options associated with term insurance at Star Union Dai-ichi are single premium, regular premium and limited premium. 

  • What is the grace period for Star Union Dai-ichi term insurance?

    The grace period for policy renewal payment is 30 days in the case of yearly, half yearly, quarterly mode. Note that the grace period is 15 days for monthly mode.

Star Union Dai-ichi Contact Details

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