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.

Star Union Dai-ichi User Reviews

22 reviews

Star Union Dai-ichi

Highlights

Claim Settlement Ratio	95.96%
Customer Care	9:30 AM to 6:30 PM
Death Benefit Paid For	1,210 Policies
Inception	2009
Presence	1,950 Branches
Total Death Benefit Paid	Rs.50.47 Crore

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1. Premium has been calculated for coverage till 60 years

2. Eligibility depends on income, occupation and educational qualification

Rating of Star Union Dai-ichi

4.9

Based on

22 User reviews

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
Krish Malhotra
On: Jan 23, 2023
Experienced utmost customer satisfaction
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
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
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
Aditya Deshmukh
On: Aug 04, 2022
Got friendly reminders
Even after I bought Star Union- SUD Life Abhay plan from InsuranceDekho, I used to get friendly reminders about the policy. With the help of these friendly reminders, I was able to renew the policy on time and thus enjoy maximum benefits.
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K
Kanika Arora
On: Jul 18, 2022
No involvement of an agent
There was no involvement of an agent or a third party while I was buying Star Union- SUD Life Abhay plans from InsuranceDekho. Without their involvement, I was able to save such additional charges and also do everything on my own.
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N
Nisha Jaiswal
On: Jul 04, 2022
Recommended term plan
I had explored a number of other term plans before buying Star Union- SUD Life Abhay plan. Having used Star Union- SUD Life Abhay plan for a few years, I can easily say that this is a highly recommended plan.
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R
Ritu Sharma
On: Jun 29, 2022
User-friendly portal
The website of InsuranceDekho is extremely user-friendly and contained all the required information at one place. So, making the best of this user-friendly portal, I explored different term plans and bought Star Union- SUD Life Abhay plan.
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A
Ashish Arora
On: Jun 28, 2022
No additional charges
The best part about buying from Star Union- SUD Life Abhay plan InsuranceDekho was that it involved no additional charges. I was able to buy the plan without the involvement of anyone and thus the plan was extremely cost-effective.
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T
Tulika Joshi
On: Jun 24, 2022
List of top insurance companies
On the website of InsuranceDekho, I was able to find the list of insurance companies. So, I was able to compare all the plans offered by different companies and made up my mind to buy Star Union- SUD Life Abhay plan from InsuranceDekho.
Read More
A
Aastha Sharma
On: Jun 20, 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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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.

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