SUD Life Insurance FAQs

Star Union Dai-ichi Life Insurance retirement policy ensures guaranteed annual income in the future as you get all the premiums you have paid at the end of the policy term. You also get the benefit of withdrawing a lump sum amount to meet family uncertainties.

Yes, customers get the benefit of income tax deductions as stipulated in Section 80C and Section 10 of the Income Tax Act 1961 on the premium amounts paid for Star Union Dai-ichi Life Insurance Policies.

Star Union Dai-ichi Life Insurance Guaranteed Money Back Plan offers interim pay-outs at regular, predetermined intervals to help meet your short-term financial requirements.

Customers who are wary of investing in the stock markets and mutual funds can benefit by investing in the various wealth plans offered by Star Union Dai-ichi Life Insurance. The best aspect of these plans is that they provide you with excellent returns while insuring your life at the same time for the entire policy duration.

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.

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.

Star Union Dai-ichi Life Insurance credits the claim amount to the bank account of the claimant/nominee through electronic fund transfer.

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.

Star Union Dai-ichi Life Insurance offers a range of customer-friendly insurance plans, like protection plans, child plans, savings plans, wealth plans, group plans, and retirement plans.

Besides offering attractive premium payment options, Star Union Dai-ichi has an excellent grievance redressal system where the company provides the facility to customers to submit their complaints online. As the company is sensitive to its customer's needs, it offers easy escalation options if they are not satisfied with the response.

One can revive their lapsed Star Union Dai-ichi Life Insurance within six months from the period of the first unpaid premium by paying the due premiums, along with applicable interest. However, suppose more than six months have elapsed since the first unpaid premium. In that case, the policyholder should undergo medical tests and revive the policy by paying the due premiums with applicable interest.

Yes, you can log in to the portal and pay the Star Union Dai-ichi Life Insurance policy premium online.

Yes, Star Union Dai-ichi Life offers a range of premium payment options like monthly, annual, single premium, etc. depending on the insurer’s choice.

Star Union Dai-ichi Life Abhay is a term insurance plan with a difference. It offers Star Union Dai-ichi Life Insurance an option to get life cover or life cover with the return of premium. Besides, it also provides accident and permanent disability life insurance coverage.

All the Star Union Dai-ichi Life Insurance policies are designed with customer interest in mind. You can choose the appropriate policy, depending on your requirements, income, and preferences.

Each policy in Star Union Dai-ichi has a defined premium payment procedure. You have to follow it. There are options for you to pay the premium online.

The earlier you purchase your Star Union Dai-ichi Life Insurance policy, the better it is for you. The premium is lower when you buy the policy at a young age.

The more extended the policy term, the less is the Star Union Dai-ichi Life Insurance premium.

You can pay your Star Union Dai-ichi Life Insurance premium in different modes, like monthly, quarterly, half-yearly, annual, or a single lump-sum amount.

The premium calculator helps to calculate the accurate premium, depending on your income levels and obligations.