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Home Term InsuranceTerm Insurance CompaniesStar Union Dai-ichi

Star Union Dai-ichi

22 reviews Rate This
Star Union Dai-ichi
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
1.5 Crore
2 Crore
2.5 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 ₹ 812/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
  • Special Exit Benefit
  • 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

About Star Union Dai-ichi Term Insurance

Founded in 2009, Star Union Dai-ichi Life Insurance (SUD Life) is one of the celebrated life insurance companies in India. The company is the result of a joint venture between Bank of India & Union Bank of India and Dai-ichi Life Holdings, a recognized life insurance company in Japan. SUD Life has over 15,000 bank branches catering to more than 9.2 million customers that place immense trust in the insurer. It must be noted that SUD Life has one of the largest life insurance distribution footprints in the country.

Keeping customers as the ultimate priority, Star Union Dai-ichi Life Insurance or SUD Life, provides a wide array of insurance products to serve the varied needs of its customers, irrespective of the geographical locations. Awarded with APAC Gartner Innovation Awards 2020, National Award for Excellence in Corporate Governance 2020, Life Insurance Company of the Year 2015 and more, Star Union Dai-ichi Life Insurance provides reliable and affordable term insurance plans that helps customers secure their family’s financial future even in their absence.

List of Star Union Dai-ichi Term Insurance Plans

The term insurance plans that Star Union Dai-ichi Life Insurance provides include:

  • Star Union Dai-ichi Abhay Term Insurance Plan
  • Star Union Dai-ichi Saral Jeevan Bima Plan

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Star Union Dai-ichi Term Insurance User Reviews

4.9
Rating based on
22 User reviews
Write your review
What users are saying
  • All
  • Easy to use website

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

    Read More
    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 sati...

    Read More
    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...

    Read More
    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...

    Read More
    A
    Star Union Dai-ichi
    By 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 abou...

    Read More
    K
    Star Union Dai-ichi
    By Kanika Arora
    On: Jul 18, 2022
View All Star Union Dai-ichi Reviews

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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