Star Union Dai-ichi Benefits
|Claim Settlement Ratio||95.96%|
|Customer Care||9:30 AM to 6:30 PM|
|Death Benefit Paid For||1,210 Policies|
|Total Death Benefit Paid||Rs.50.47 Crore|
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Star Union Dai-ichi Plan List
|Name of Plan||Sum Assured|
|Life Abhay Plan||20 lac - 10 cr||Check Premium|
Benefits of Star Union Dai-ichi
Term insurance plans offered by Star Union Dai-ichi Life Insurance are one of the best financial protection a policyholder can provide to their loved ones. Term plans are a must buy for everyone as they provide the inherent benefits of life cover at an affordable premium cost and does not require the policyholder to compromise on their financial goals. Moreover, term plans provide the policyholder with peace of mind in terms of safety of their near and dear ones.
Star Union Dai-ichi Life Insurance Term Insurance Benefits
Here are the Star Union Dai-ichi Life Insurance Term Insurance benefits:
- High Coverage: You get the benefits of high insurance cover at low premiums. The family gets the insured amount on the unfortunate demise of the insured during the policy term. The maximum life cover is Rs 100 crores with a maximum coverage term up to 40 years.
- Exciting Premium Payment Options: You have the facility to pay the premiums monthly, quarterly, half-yearly, and annually. Single premium facility available, as is the facility to pay the premium for 5/10/15 years, depending on your choice.
- Return of Premiums: Star Union Dai-ichi Abhay is a unique product where you can opt to receive the life cover along with the return of premiums at maturity.
- Additional Riders: You get the benefit of special riders like accidental death benefit and total/permanent disability.
Star Union Dai-ichi Term Insurance User Reviews
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Explore Star Union Dai-ichi Term Insurance
Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
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- 50 Lacs+ happy customers
Star Union Dai-ichi Contact Details
Insurance Dekho755 1196 989Mon to Sun 10:00 AM to 7:00 PM
Star Union Dai-ichi1800-266-8833Mon to Sat 9:30 AM to 6:30 PM
Claim Process at Star Union Dai-ichi
Claim IntimationIn the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
Submission of DocumentsClaim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
Claim EvaluationOnce the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
Claim SettlementIf claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
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.