Star Union Dai-ichi Aayushmaan is a non-linked deferred participating plan offered by Star Union Dai-ichi life insurance. This plan provides lifelong protection to your family besides offering lump sum benefits in addition to guaranteed additions, bonuses and riders for additional protection.
Features | Particulars |
Minimum entry age | 18 years |
Maximum entry age | 50 years |
Minimum age at maturity | 70 years (last birthday) |
Maximum age at maturity | - |
Features | Particulars |
Plan type | Non-linked deferred participating plan |
Plan Basis | Individual |
Policy term | 15, 20, 25 and 30 years. An extended life cover which is equal to the basic sum assured is available under this plan upon policy maturity |
Premium paying terms | Equal to the policy term |
Premium payment frequency | Annual, monthly, half-yearly or quarterly mode |
Guaranteed Additions | 3% of the sum assured at the end of each policy year for 5 years |
Grace period | 15 days (monthly mode) 30 days (annual, quarterly and half-yearly modes) |
Free-look period | 15 days 30 days (through distance marketing) |
Policy revival | Two years from the date of the unpaid premium |
Loan facility | Available under this plan for 70% of the surrender value |
Alterations | - |
Nomination | Available under this plan as per section 39 of the Insurance Act, 1938 |
Minimum Sum Assured | Rs.1,50,000. Basic sum assured should be in multiples of Rs.1000 |
Maximum Sum Assured | Rs.100 crores |
Policy coverage | Death benefit, maturity benefit and terminal bonus |
If you purchase the Star Union Dai-ichi Aayushmaan plan for a policy term of 15 years and a basic sum assured of Rs.3 lakh and survive the policy term, you will receive the maturity benefit which is a combination of basic sum assured, accrued guaranteed additions and accrued bonuses. In the unfortunate event of your demise in the 10th policy year, your nominee will receive the death sum assured (higher of basic sum assured or 10X annualised premium or 150% of basic sum assured), accrued guaranteed additions and accrued bonuses. In the event of your death after the policy term, your nominee will receive the basic sum assured of Rs.3 lakh, following which, the policy stands terminated.
The premium has to be paid depending on the premium payment mode chosen by you. The premium payable has to be multiplied by modal factors as listed in the table below:
Yearly | Quarterly | Half-yearly | Monthly |
1 | 0.2595 | 0.5125 | 0.0872 |
Age | Policy Term | |||
| 15 years | 20 years | 25 years | 30 years |
18 | 87.7 | 65 | 52.1 | 43.7 |
20 | 88.1 | 65.4 | 52.3 | 44 |
22 | 88.6 | 65.7 | 52.7 | 44.3 |
24 | 89.1 | 66.1 | 53 | 44.6 |
26 | 89.7 | 66.6 | 53.4 | 45 |
Star Union Dai-ichi Aayushmaan offers two riders, namely, SUD life accidental death and total and permanent disability benefit rider and SUD life family income benefit rider.
GST of 18% is applicable on life insurance effective from the 1st of July, 2017
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