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Star Union Dai-ichi FAQs

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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. Eligibility depends on income, occupation and educational qualification

Best Star Union Dai-ichi Plans

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  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.01%
Starting From ₹ 697/Month
Claim Settlement 4hr Claim Settlement
Key Features:
  • Right Green Tick Annual Health Checkup
  • Right Green Tick Terminal illness
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Benefit

  • Why should I buy Saral Jeevan Bima term insurance from Star Union Dai-ichi?

    Saral Jeevan Bima policy is a smart term insurance to buy as it gives a lump sum amount on the death of the policyholder.

  • What if I do not like my term insurance after buying it? Can I return it?

    Yes, you can! You can return your term insurance within 15 days of its purchase as per the free-look period.

  • Does term insurance at Star Union Dai-ichi come with payout option flexibility?

    Yes! You can choose any of the payout options including monthly income, lumpsum, or combination of both.

  • What are some of the riders that Star Union Dai-ichi Life insurance comes with?

    The riders offered by the company are Accidental Death And Total & Permanent Disability Benefit Rider - Traditional, Family Income Benefit Rider - Traditional and COVID - 19 Benefit Rider - Traditional.

  • Does term insurance at Star Union Dai-ichi come with tax benefits?

    Yes! Term insurance at Star Union Dai-ichi comes with tax benefits under Section 80C of the Income Tax Act 1961. Moreover, the death benefit paid to the nominee (in case of unfortunate death) is free from taxes under Section 10 (10D) of the Income Tax Act 1961.

Claim Settement

  • How long does it take for a Star Union Dai-ichi Life Insurance claim settlement to happen?

    Usually, it takes about 15 days for claim settlement at Star Union Dai-ichi Life Insurance.

  • Who can claim in the Star Union Dai-ichi Life Insurance policy?

    The nominee/assignee/appointee or the next legal heir of the deceased Star Union Dai-ichi Life Insurance policyholder can register the claim.

  • Is it mandatory for every Star Union Dai-ichi Life insurance policy to have a nominee?

    Every Star Union Dai-ichi Life Insurance policyholder should nominate a claimant, as it simplifies the claim procedure.

  • In the absence of a nominee, who can register the claim in Star Union Dai-ichi Life Insurance?

    The next legal heir can register the claim in the absence of the nominee of Star Union Dai-ichi Life Insurance policyholder.

  • To whom does the claim amount belong, the nominee or the next legal heir?

    The nominee is a trustee of the funds received through the Star Union Dai-ichi Life Insurance claim. The actual owner of the funds is the next legal heir/s.

Over View

  • 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.

Plans

  • What is the prime advantage of Star Union Dai-ichi Life Insurance Term Insurance policy?

    The primary benefit of Star Union Dai-ichi Life Term Insurance is the offering of high insurance cover against payment of the lowest premiums. Secondly, Star Union Dai-ichi Abhay offers the return of premiums along with life cover.

  • Who can avail Star Union Dai-ichi Life Insurance Term Insurance?

    Any individual between 18 and 65 years can purchase Star Union Dai-ichi Abhay.

  • What are the minimum and maximum sums assured in Star Union Dai-ichi Abhay?

    Star Union Dai-ichi Abhay offers a minimum sum assured of Rs.50 lakhs, with the maximum cover extending up to Rs.100 crores.

  • What are the minimum and maximum policy terms in Star Union Dai-ichi Life Insurance Term Insurance?

    The minimum policy term is 15 years, with the maximum being 40 years in Star Union Dai-ichi Life Insurance Term Insurance.

  • How can you pay the premium for Star Union Dai-ichi Abhay?

    Star Union Dai-ichi Abhay Policyholders have an option to choose between a single premium payment, regular premium, or a limited premium for 5/10/15 years.

Premium Calculator

  • Where is the premium calculator available for Star Union Dai-ichi Life Insurance?

    The premium calculator is available on the life insurance page of InsuranceDekho website.

  • What factors determine the premium amount of Star Union Dai-ichi Life Insurance?

    The sum assured, policy term, pay-out options, and the age of the policyholder determine the Star Union Dai-ichi Life Insurance premium amount.

  • Which is a better premium option, single premium or monthly premium in Star Union Dai-ichi Life Insurance?

    It depends on a case to case basis. Generally, the monthly payment option is the best in Star Union Dai-ichi Life Insurance. But if a person doesn’t have a fixed monthly income, then a single premium may be a better option.

  • What is the return of premiums in SUD Abhay policy?

    SUD Abhay policy offers three pay-out options. The advantage is the return of premiums along with life cover.

  • Is there a difference in the premium amount if you choose to receive life cover with the return of premiums in Star Union Dai-ichi Life Insurance?

    Yes, the premium amount is more than no-return of premium policies in Star Union Dai-ichi Life Insurance.

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.

    Read More

    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. 

    Read More

    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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