Star Union Dai-ichi Plans

Highlights

Claim Settlement Ratio	95.96%
Death Benefit Paid For	1,210 Policies
Presence	1,950 Branches
Total Death Benefit Paid	Rs.50.47 Crore

Star Union Dai-ichi Life Insurance is a late entrant in the insurance market in India. The company was founded in 2009. This joint venture between Dai-ichi Life Holdings, Bank of India, and Union Bank of India became popular in the last eleven years to attract more than 9.2 million customers. Under its massive array of insurance plans, Star Union Dai-ichi Life Insurance offers two term insurance plans or protection plans. The term insurance plans offered help the policyholder secure their loved ones financially in their absence.

Star Union Dai-ichi Term Insurance Plans

Star Union Dai-ichi Life Insurance offers two term insurance plans, namely:

Star Union Dai-ichi Abhay Term Insurance Plan: Star Union Dai-ichi Life Insurance offers a unique term insurance product in Star Union Dai-ichi Abhay. Though it is a term insurance plan, it provides three excellent pay-out options. The options include, life cover, life cover with return of premiums, and additional riders like accidental death and permanent disability. The USP of this term insurance product is that it offers an option for the insurance holder to choose life cover with the return of premiums. However, the premium under such circumstances would be different when compared to the regular term insurance policy. You have the option to add individual riders that provide cover for accidental death or permanent disability due to an accident. This rider also comes at a cost.
Star Union Dai-ichi Saral Jeevan Bima Plan: Star Union Dai-ichi Saral Jeevan Bima Plan offers long term insurance protection to your loved ones. SUD Life Saral Jeevan Bima is a non-linked, non-participating, individual pure risk premium life insurance plan. A reliable protection plan that helps your loved ones stay financially safe even when you are not there, SUD Life Saral Jeevan Bima that offers protection for your family in case of an unfortunate death. This plan is a standard, individual term life insurance product, with simple features and easy to understand terms and conditions.

Gender

Male
Female

Date of Birth

Do you smoke or chew tobacco?

Yes
No

Choose required coverage to secure your family’s future

50L

1Cr

1.5Cr

2Cr

Coverage

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

1 Crore

2 Crore

HDFC C2PS Life

LIFE COVER
Tax Free
₹1 Cr
CLAIMS SETTLED ₹99.4%

Starting From ₹ 1398/Month

24hr Claim Settlement

Key Features:

Special Exit Benefit
Terminal illness
Accidental Death

iTerm Comfort

LIFE COVER
Tax Free
₹1 Cr
CLAIMS SETTLED ₹99.7%

Starting From ₹ 1132/Month

Key Features:

Special Exit Benefit

See More Plans

User Reviews

4.9

Rating based on

23 User reviews

What users are saying

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.
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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.
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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.
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A
Star Union Dai-ichi
By Aditya Deshmukh
On: Aug 04, 2022

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Star Union Dai-ichi Contact Details

Reach us for help anytime

Insurance Dekho
755 1196 989Mon to Sun 10:00 AM to 7:00 PM
support@insurancedekho.com
Star Union Dai-ichi
1800-266-8833Mon to Sat 9:30 AM to 6:30 PM
customercare@sudlife.in

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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FAQs

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.