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Star Union Dai-ichi Claim Settlement

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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

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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Final Plan Eligibility will depend on some other factors including tobacco habits, education, occupation and income of the life assured / proposer

Best Star Union Dai-ichi Plans

1 Crore
1.5 Crore
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  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.4%
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 ₹99.4%
Starting From ₹ 1398/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Special Exit Benefit
  • Right Green Tick Terminal illness
  • Right Green Tick Accidental Death
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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.

  • 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.

  • 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

User Reviews

4.9
Rating based on
23 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.

    Read More

    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.

    Read More

    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.

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    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. 

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    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. 

    Read More

    A
    Star Union Dai-ichi
    By Aditya Deshmukh
    On: Aug 04, 2022
View All Star Union Dai-ichi Reviews
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Star Union Dai-ichi Contact Details

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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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