SUD Life Insurance Claim Settlement
Star Union Dai-ichi Life Insurance offers a customer-friendly three-step insurance claim process. It provides the facility of registering insurance claims online and offline. The process requires the submission of minimum documents from the nominee/appointee/assignee or the next legal heir of the life assured. Tracking the claim is also easy online. The best aspect of Star Union Dai-ichi Life Insurance is that it has a claim settlement ratio of 95.96% in FY 2020-21.
Term Life Insurance Premium Calculator
Gender
- Male
- Female
Date of Birth
Do you smoke or chew tobacco?
- Yes
- No
Choose required coverage to secure your family’s future
Best Insurance Advisors in Your City.
FAQs
-
-
Is it necessary to submit all the documents listed above in the Star Union Dai-ichi Life Insurance Claim Process?
No, the documents depend on a case to case basis. However, the Star Union Dai-ichi Life Insurance claimant should submit the necessary documents, whichever is applicable in the individual case.
-
How long does it take for Star Union Dai-ichi Life Insurance to honour the claim?
Generally, Star Union Dai-ichi Life Insurance claims are processed as quickly as possible. It depends on the accuracy of documents submitted by the claimant. It should not take more than 15 days.
-
How does Star Union Dai-ichi Life Insurance pay the claim amount?
Star Union Dai-ichi Life Insurance credits the claim amount to the bank account of the claimant/nominee through electronic fund transfer.
-
What does the Star Union Dai-ichi Life Insurance claim settlement ratio signify?
The Star Union Dai-ichi Life Insurance secures an impressive claim settlement ratio of around 96.96% in FY20. It signifies that the company successfully settled 96.96% of all the claims received by it from claimants/nominees in the financial year 2020.