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Star Union Dai-ichi

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Star Union Dai-ichi
Highlights
Claim Settlement Ratio95.96%
Death Benefit Paid For1,210 Policies
Presence1,950 Branches
Total Death Benefit PaidRs.50.47 Crore

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

Gender

  • Male
  • Female

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Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Best Star Union Dai-ichi Plans

1 Crore
1.5 Crore
2 Crore
2.5 Crore
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.65%
Starting From 682/Month
Claim Settlement
Key Features:
  • Right Green Tick Zero Cost Benefit
  • Right Green Tick Terminal Illness
  • Right Green Tick Nominee's Choice payout
  • Right Green Tick Voluntary Top Up
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.39%
Starting From 771/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Terminal illness
  • Right Green Tick Special Exit - Option to get your premiums back
  • Right Green Tick Renewability Option
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.01%
Starting From 663/Month
Claim Settlement 4hr Claim Settlement
See More Plans

Best Term Insurance Plans In India

Disclaimer - Above Premium is for an individual of age 18 Years,No smoker, College Graduate & above having 15 Lacs above income (Salaried).
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Popularly Opted Term Insurance Sum Assured

User Reviews

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What users are saying
  • All
  • Comfortable Process

    It was so easy and convenient to compare and buy term insurance online. I bought the Star Union Dal-Ichi term life insurance plan from the website of InsuranceDekho. Their online premium calculator was a savior.

    B
    Star Union Dai-ichi
    By Bhavika Raghav
    On: Jan 02, 2024
  • Easy to use website

    I was easily able to use the InsuranceDekho website when I was buying Star Union- SUD Life Abhay plan from InsuranceDekho. The website is well designed that’s why I was easily able to buy Star Union- SUD Life Abhay plan through the website.

    K
    Star Union Dai-ichi
    By Krish Malhotra
    On: Jan 23, 2023
  • Experienced utmost customer sa...

    While I was buying Star Union- SUD Life Abhay plan from InsuranceDekho, I experienced the utmost customer satisfaction. The expert from the InsuranceDekho team even helped me in understanding the benefits of the Star Union- SUD Life Abhay plan.

    A
    Star Union Dai-ichi
    By Arohi Verma
    On: Oct 13, 2022
  • Little paperwork involved

    There was no paperwork involved when I was buying Star Union- SUD Life Abhay plans from InsuranceDekho. As the entire process was online, there was no need of submitting the documents elsewhere and I was able to do everything from the comfort of my home. 

    N
    Star Union Dai-ichi
    By Neha Kashyap
    On: Aug 09, 2022
  • Offers wide coverage

    I decided to buy Star Union- SUD Life Abhay plans from InsuranceDekho as this plan offered wide coverage. This plan also had so many additional benefits that I was easily convinced to buy - from InsuranceDekho. So, if you to are on the lookout for buying a good term plan, then simply go for Star Union- SUD Life Abhay plan. 

    A
    Star Union Dai-ichi
    By Aditya Deshmukh
    On: Aug 04, 2022

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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  • Tax benefit upto 1,50,000*
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FAQs

  • 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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