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Star Union Dai-ichi Life Abhay Term Insurance Eligibility

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

SUD Life Abhay Features

Below mentioned are some salient features of SUD Life Abhay plan:

  • Provided financial security to the family of the life assured
  • Comprehensive protection plan
  • Affordable premiums
  • 2 plan option - Life Cover and Life Cover with Return of Premium
  • Provides maturity benefit
  • Multiple death benefit payout option
  • Flexibility to choose the premium payment term
  • Flexibility to choose the policy term

SUD Life Abhay Eligibility Criteria

Below mentioned is the eligibility criteria for purchasing a SUD Life Abhay plan:

Eligibility Criteria for SUD Life Abhay

Parameters

Eligibility

Minimum Entry Age

18 Years

Maximum Entry Age

65 Years

Maximum Maturity Age

80 Years

Minimum Policy Term

15 Years

Maximum Policy Term

40 Years

Premium Payment Term

Single Pay, Regular Pay and Limited Pay (5,10 and 15 Pay)

Minimum Sum Assured

INR 50 Lakh

Maximum Sum Assured

INR 100 Crore

Premium Payment Modes

Single, Yearly, Half-Yearly, Quarterly and Monthly
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Key Inclusions and Exclusions of the Plan

What's Included

  • Unforeseen Demise
  • Accidental Death
  • Accidental Total and Permanent Rider
  • Coverage Upto 80 Years (Last Birthday)
  • Maximum Life Cover of Rs 100 Crore

What's Not Included

  • Suicide within First 12 Months of the Policy Tenure
  • Participation in a criminal or unlawful act
  • Injuries caused in war, civil war, terrorist activity, etc.
  • Over Consumption of Alcohol/Drugs
  • Participation in Adventurous Activities

Star Union Dai-ichi Life Abhay Plan Brochure

  • 928.82 KB
  • PDF Document
  • Sep 09, 2021
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FAQs on Life Abhay Plan Health Insurance Plan

  • Why should I purchase the SUD Life Abhay plan?

    SUD Life Abhay is an affordable term insurance plan, which provides financial protection to the family of the life assured during difficult circumstances. Under one of the plan options a guaranteed maturity benefit is provided in case you survive the entire policy tenure. This plan offers flexibility to choose the policy term and premium payment term. SUD Life Abhay has multiple death benefit payout options. 

  • Is a policy loan available under the SUD Life Abhay plan?

    No policy loan facility is not available under the SUD Life Abhay plan.

  • What is the minimum and maximum basic sum assured under SUD Life Abhay plan?

    The minimum basic sum assured for SUD Life Abhay plan is Rs. 50 Lakh and maximum basic sum assured for this plan is Rs. 100 Crore. 

  • What is the maximum coverage period of the SUD Life Abhay plan?

    The coverage period for SUD Life Abhay plan is 15-40 years and for the limited pay option of 15 years the maximum coverage period is 20 years.

  • What are the documents required to purchase SUD Life Abhay plan?

    Following is the list of documents which necessary while purchasing the SUD Life Abhay plan:

    • KYC Documents (Aadhaar Card, Pan Card, Voter ID Card, Passport etc.)
    • Address proof such as Electricity Bill, Gas Bill, Water Bill etc. 
    • Salary slips
    • Medical Examination (Recent)
    • Passport Size Photographs
    • Duly filled and signed proposal form
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