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Star Union Dai-ichi Plans

22 reviews Rate This
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

1 Crore
2 Crore
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.51%
Starting From 707/Month
24hr Claim Settlement
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 97.84%
Starting From 857/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
  • LIFE COVER
    Tax Free
    1 Cr
  • CLAIMS SETTLED 99.4%
Starting From 771/Month
24hr Claim Settlement
Key Features:
  • Tax Benefits
  • Terminal illness
See More Plans

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.

Star Union Dai-ichi Term Insurance User Reviews

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What users are saying
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  • I was easily able to use the InsuranceDekho website when I was buying Star Union- SUD Life Abhay plan from Ins...

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    K
    Star Union Dai-ichi
    By Krish Malhotra
    On: Jan 23, 2023
  • While I was buying Star Union- SUD Life Abhay plan from InsuranceDekho, I experienced the utmost customer sati...

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    A
    Star Union Dai-ichi
    By Arohi Verma
    On: Oct 13, 2022
  • There was no paperwork involved when I was buying Star Union- SUD Life Abhay plans from InsuranceDekho. As the...

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    N
    Star Union Dai-ichi
    By Neha Kashyap
    On: Aug 09, 2022
  • I decided to buy Star Union- SUD Life Abhay plans from InsuranceDekho as this plan offered wide coverage. This...

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    A
    Star Union Dai-ichi
    By Aditya Deshmukh
    On: Aug 04, 2022
  • Even after I bought Star Union- SUD Life Abhay plan from InsuranceDekho, I used to get friendly reminders abou...

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    K
    Star Union Dai-ichi
    By Kanika Arora
    On: Jul 18, 2022
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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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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.