Star Union Dai-ichi Claim Settlement
Claim Settlement Ratio | 95.96% |
Customer Care | 9:30 AM to 6:30 PM |
Death Benefit Paid For | 1,210 Policies |
Inception | 2009 |
Presence | 1,950 Branches |
Total Death Benefit Paid | Rs.50.47 Crore |
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Claim Settlement of Star Union Dai-ichi
Star Union Dai-ichi Life Insurance featured one of the highest claim settlement ratios of 96.96% in FY 2019-20. The efficiency of any life insurance company depends a lot on the claim settlement ratio. The best aspect of Star Union Dai-ichi Life Term Insurance is the convenient claim settlement procedure. The claimants can register their claims online and offline.
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How To Make Claim
How To Make Star Union Dai-ichi Term Insurance Claim Online?
The online claim process is convenient, hassle free and fast. To make a Star Union Dai-ichi Term Insurance claim online follow the given steps:
Step 1: Claim Intimation
Visit the claim registering webpage of SUD Life and enter the policy number and date of birth to proceed. The nominee/appointee/assignee or the next legal heir of the life assured intimates the company about the claim along with the documents.
Step 2: Death Claim Processing
After receiving the claim intimation, Star Union Dai-ichi Life checks the claim for authenticity and completion of details. Post verification, the claim is processed.
Step 3: Claim Decision and Communication
SUD Life communicates the claim decision to the claimant. Claimants can track the claim progress online. SUD Life pays the claim amount through electronic fund transfer.
How To Make Star Union Dai-ichi Term Insurance Claim Offline?
The offline claim procedure is customer-friendly. To initiate a claim offline, visit your nearest Bank of India or Union Bank of India or SUD Life Insurance branch. Submit the documents along with the claim form duly completed in all respects. Star Union Dai-ichi Life Insurance claims department processes the claim on the strength of the documents provided. The claim is honoured through electronic transfer to the claimant’s savings account.
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Documents Required
Documents Required To Make Star Union Dai-ichi Life Term Insurance Claim
The following documents are required for registering a claim:
- Original Policy bond
- Death certificate
- Claimant statement duly filled – Form A
- Certificate of identity and cremation or burial from a reputed person – Form C
- Photo identity proof of the nominee with evidence of the date of birth
- Proof of residence address of the nominee
- Bank account details of the nominee with a cancelled cheque or bank passbook
- Medical attendant’s statement – Form B
Documents Required for Star Union Dai-ichi Life Term Insurance Natural Death Claim
- Medical treatment certificate – Form C
- Treatment certificate from the medical attendant who treated in the final days of illness – Form D
- Copy of hospital records
Additional Documents In Case Of Accidental Or Unnatural Death
- Copy of FIR/Panchanama
- Copy of post-mortem report
- Copy of final police investigation report
- Newspaper cuttings if available
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Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 50 Lacs+ happy customers