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.
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.