Star Union Dai-Ichi Life Insurance

The journey of life is full of all kinds of surprises. For this reason, having a financial partner by your side is important, not only for protection but also to help you fulfill all your dreams. With its expertly designed suite of life insurance products, Star Union Dai-ichi Life Insurance is the partner that you are looking for, who will be by your side through all stages of life. With their wide array of plans designed not just for individuals but also for groups, SUD is the one stop solution for those looking to provide financial protection to their family, want to plan for their child's future, wish to save for their retirement or wish to maximize their wealth.

Types of Life Insurance Policies Offered by Star Union Dai-ichi

Star Union Dai-Ichi offers a wide range of life insurance products designed not just for individuals but also for groups. 

Star Union Dai-ichi Group Plans:

1. Credit Life Plans
2. Group accidental benefit rider plans 
3. Retirement plans
4. Term plans

Star Union Dai-ichi Individual Plans:

1. Child plans
2. Protection plans 
3. Retirement plans   
4. Savings plans 
5. Wealth plans

For individuals, Star Union Dai-Ichi offers a number of plans which fulfill a number of purposes like providing financial protection, maximization of wealth, saving for retirement and planning for their children's future.

Star Union Dai-ichi Protection Plans

The protection plans offered by Star Union Dai-Ichi have low premiums over fixed tenures, and high sum assured benefits.

1. SUD Life Saral Jeevan Bima - SUD Life Saral Jeevan Bima provides financial security in the event of the policyholder’s demise. This plan's terms and conditions are simple, and it comes with basic features.
2. SUD Life Protect Shield - SUD Life Protect Shield provides total financial security for your family in the event of an unforeseen circumstance.
3. SUD Life AAYUSHMAAN - SUD Life AAYUSHMAAN offers lifetime financial protection and lump sum benefits.
4. SUD Life Praptee - SUD Life Praptee provides increasing money-back payouts every three years on a regular basis.
5. SUD Life Samriddhi - SUD Life Samriddhi helps you accumulate savings and enhances them with assured additions and bonuses. The accidental death benefit included in this plan provides extra financial security.

Star Union Dai-ichi Savings Plans

These are plans that not only give you the advantage of having life insurance cover but also the advantage of having a plan that provides for long term savings. The plans offered under this scheme are:

1. Jeevan Ashray - A simple savings plan that provides interests on the premium investments, apart from death benefits to the loved ones in case of the insured's unfortunate demise.
2. Guaranteed Money Back Plan - A savings plan that provides guaranteed payouts after every 5 years to the insured. Maturity and death benefits are also applicable.
3. Jeevan Safar Plus - A traditional life insurance plan that guarantees 125% sum assured apart from additional bonuses accumulated during first 5 years of policy term, as well as death and maturity benefits.
4. Ayushmaan - SUD Life Ayushmaan is a non-linked deferred participating plan which comes with lump sum benefits, guaranteed additions and bonuses while also providing lifelong protection.
5. Aadarsh - SUD Life Aadarsh is a limited premium non-linked non-participating endowment life insurance plan which is accompanied by a Guaranteed Maturity Benefit and a short premium payment term, along with an built-in additional accidental death benefit.

Star Union Dai-ichi Wealth Plans

Star Union Dai-ichi wealth policies are plans that make sure that your life is insured against the unlikely event of your demise and at the same time provide you with an avenue to increase your wealth. The plans offered are:

1. Wealth Builder - A single premium investment plan, with the option to choose among 4 funds. Top-up options, death and maturity benefits are available.
2. Elite Assure Plan - This is a wealth creation plan wherein customers can choose between 5-5-5 or 7-7-7 option (5/7 years premium collection, next 5/7 years incubation, and final 5/7 years repayment respectively). Death, maturity, and guaranteed monthly income benefits applicable.
3. SUD Life Century Star: In case of unfortunate death of life assured, this endowment life insurance plan with limited premium option provides guaranteed maturity benefit for protection of the family.
4. SUD Life Wealth Creator: Helps creating wealth along with life coverage by making investment as per risk appetite.
5.  SUD Life Century Plus: In case of unfortunate death of life assured, this endowment life insurance plan with limited premium option provides guaranteed maturity benefit for protection of the family and offers the flexibility to withdrawal after 11th year.  
6. SUD Life e-Wealth Royale: Provides life coverage with wealth creation along with additional benefits such as loyalty addition, tax benefits, and others.

Star Union Dai-ichi Child Plans

The future of your child could be uncertain if you were not there to take care of it. To address just this concern the company offers the following insurance plans

1. Aashirwaad - SUD Life Aashirwaad is a non-linked, non-participating endowment plan which offers multiple benefits like 5 maturity payout options, multiple premium payment terms and policy term options, guaranteed maturity benefits and income tax benefits.

Star Union Dai-ichi Retirement Plans

If you have ever sat and wondered what you will do for an income once you retire then you need to look into the retirement plans offered by Star Union Dai-ichi Life Insurance.

1. Immediate Annuity Plan - A retirement savings plan that will help you build a retirement corpus that pays out guaranteed annuity after retirement in flexible frequencies.
2. Assured Income Plan - SUD Life Assured Income Plan is a life insurance endowment plan which provides a guaranteed tax-free annual income, immediate lump-sum or regular income to your family in case of an emergency, and a chance to get all your premiums back at the end of the policy term.
3. Guaranteed Pension Plan - SUD Life Guaranteed Pension Plan is a non-linked, non-participating deferred pension plan designed to assist you in meeting your financial needs post retirement.
4. SUD Life Saral Pension: Regular income plan that helps fulfilling the financial expenses throughout life.

Withdrawn Plans Previously Offered by SUD Life

• SUD Life Jeevan Safar
• SUD Life Pure Term Assurance Plan
• SUD Life's Instant Endowment Plan
• SUD Life Defined benefit Endowment Plan
• SUD Life Defined Growth Endowment Insurance Plan
• SUD Life Suraksha Kavach Plan
• SUD Life Dhan Suraksha 3
• SUD Life Dhan Suraksha Premium 3
• SUD Life Prabhat Tara 3
• SUD Life Dhan Suraksha Express
• SUD Accidental and Total and Permanent Disability Benefit Rider
• SUD Life Critical Illness Benefit Rider
• SUD Life Immediate Annuity Plan
• SUD Life Jeevan Safar Plus

Star Union Dai-ichi Group Plans

Star Union Dai-Ichi also offers a number of life insurance plans designed for groups. These include the credit life plan, retirement plans and term plans.

Star Union Dai-ichi Credit Life Plans

These are insurance plans that you can take to make sure that if you have taken a loan and something happens to you while that loan is still being repaid, then your family does not have to bear the burden of paying it back. The plans offered under this scheme are:

1. Loan Suraksha - This is a decreasing term insurance plan that offers protection to dependents against any past or future loans taken by the insured. Coverage for joint borrowers is also available.

Star Union Dai-ichi Group Retirement Plans

Group Retirement Benefit Plan - The SUD Life Group Retirement Benefit Plan is a unique plan designed for employers-employee groups to help them smoothly manage funds for gratuity obligation and leave encashment benefits.

Star Union Dai-ichi Group Employee Benefit Plans

SUD Life Group Employee Benefit Plan: Yearly renewable group savings insurance plan that offers various retirement benefits such as leave encashment, superannuation, medical benefits after retirement, and group gratuity.

Star Union Dai-ichi Group Term Plans

These are plans that can be taken by companies to make sure that the future of the families of their employees is taken care of. The plans offered under this scheme are:

1. Group Term Insurance Plus Scheme - This is a one-year group term insurance plan (renewable) meant to provide cover to groups of people working/operating under a single umbrella, such as company employees, welfare associations and so on. Death benefits are applicable, and profit from investments is shared among the insured.
2. Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY) - This is a 1-year renewable group term insurance scheme which offers affordable life cover to members holding savings bank accounts.

Star Union Dai-ichi Group Accidental Benefit Rider Plan

The plan offers maximum benefits by protection and security in case of unavoidable circumstances such as accidents. This plan can be attached to the Group Term Insurance Plan to enhance the coverage of the base policy.

Other Withdrawn Plans

• SUD Life Group Term Insurance Scheme
• SUD Life Group Gratuity Scheme
• SUD Life Group Leave Encashment Scheme
• SUD Life Group Savings Linked Insurance Scheme
• SUD Life Group Superannuation Scheme
• SUD Life Ashiana Suraksha Plan
• SUD Life Ashiana Suraksha Plus Plan
• SUD Life Shiksha Suraksha Plan
• SUD Life Paraspar Suraksha Plan
• SUD Life Group Accidental Death and Dismemberment Benefit Rider
• SUD Life Group Critical Illness Benefit Rider
• SUD Life Reverse Mortgage Loan Annuity Plan
• Star Union Dai-ichi's Group Term Insurance Scheme

How to Claim Insurance With Star Union Dai-ichi Life Insurance

To register a claim with SUD Life, you need follow the steps given below:

Step 1: Death Claim Intimation - The family member/nominee/appointee or assignee of the

life assured individual must inform the insurance company in writing about the death claim. They must also provide the insurer with the set of mandatory documents.

Step 2: Death Claim Processing - The claim documents would be reviewed by the Insurer's Claim Dept. If required, you must provide any additionally listed or pending Compulsory documents as well. The person who has raised the claim will be kept updated throughout the process.

Step 3: Claim Decision & Communication - The decision taken by the Insurance company's Claims department will be communicated to the claimant in writing, along with the details of payment made through Electronic Fund Transfer.

Star Union Dai-ichi Life Insurance Claim Settlement Ratio

Documents Required for Purchasing Star Union Dai-ichi Life Insurance

To purchase a Star Union Dai-ichi Life Insurance policy, you will be asked to submit the following documents:

1. Proof of identity
2. Proof of age
3. Proof of income
4. Proof of residence
5. PAN card

How to Purchase Star Union Dai-ichi Life Insurance

The steps to purchase a Dai-ichi Life Insurance policy are as follows:

Step 1: Visit the official website of Star Union Dai-ichi Life Insurance.

Step 2: Choose the policy you want to buy and click on the ‘Buy Now’ button.

Step 3: Enter the requested information such as your name, mobile number, and email address.

Step 4: Upload the necessary documents and make the premium payment.

Step 5: You will receive the policy document on your registered email address.

How to Check Policy Status for Star Union Dai-ichi Life Insurance

To check the status of your policy, you can visit the Customer Portal on the Star union Dai-Ichi website, where you will be asked to provide your policy number for reference. Once you have provided that, you can easily view the status of your life insurance policy.

Star Union Dai-ichi Life Insurance Online Payment:

For insurance premium payment, customers have a variety of options to choose from, as is suited to their convenience. They can make payments via net banking, credit cards or debit cards.

Star Union Dai-ichi Life Insurance Premium Calculator:

If you wish to find out the premium amount payable towards your SUD Life insurance policy, it can be easily done by using the premium calculator. For calculating the premium payable amount, you will be required to provide certain details like the term of your chosen plan, your age and the amount of sum assured which you have chosen. Based on this, the tool will calculate the premium amount which you will be paying towards your insurance cover.

Star Union Dai-ichi Life Insurance Customer Care

The company has set up various channels via which customers can get in touch with the concerned persons and get assistance on all policy-related matters, be it grievances, issues, feedback, queries, or anything else. The following are the way to contact the insurance company:

1. Call their helpline number- 1800 266 8833 anytime between 9 a.m. to 7 p.m. from Monday to Saturday

1.  Drop an email at their email address- customercare@sudlife.in 
2. Send SMS or WhatsApp to their number- 7208867122 
3. Visit their branch
4. Visit their official website and click on the required option

Contact Details & Head Office Info

Their head office is located at the following address

Star Union Dai-ichi Life Insurance Company Limited

11th Floor, Vishwaroop I.T. Park,

Plot No. 34, 35 & 38,

Sector 30A of IIP,

Vashi, Navi Mumbai - 400703

GST of 18% is applicable on life insurance effective from the 1st of July, 2017