Procuring life insurance is one of the wisest decisions that can taken from a financial perspective. In terms of economic uncertainty such as this it is important for customers to be aware of their financials and ensure that they always have some money saved up for rainy days. Life insurance ensures that family members need not be financially burden if something unfortunate were to happen to the policyholder. It is a way for the insured to ensure that his/her family is safe and secure. This is especially necessary for children as they are the future and it is the duty of the parent to see to it that financial worries do not play a role in jeopardizing the child’s future. Star Union Dai-ichi’s Bright Child policy is perfect for parents looking to secure their child’s future.
Why Star Union Dai-ichi?
A joint venture between Union Bank of India, Bank of India and Dai-ichi Life, Star Union Dai-ichi Life Insurance Company Ltd. comes with the experience and reputation of its founding companies. A number of insurance products are provided for myriad requirements. There is a perfect insurance policy for every customer and commitment towards its policyholders makes this company one of the most sought after insurance providers in the country. With a customer base of around 64 million, Star Union Dai-ichi promises unique products and fantastic value.
Star Union Dai-ichi Bright Child Insurance Plan
It is every parent’s dream to secure their child’s future and ensure that they are well provided for. The Bright Child plan by Star Union Dai-ichi ensures that all needs and requirements are met along with a provision for a unique payout option.
- Customers can choose between two options for funding- the Wedding Endowment option and the Career Endowment option.
- Child benefits amounting to a maximum of 125 percent of the assured sum is provided.
- In case of the untimely demise of the insured, nominee reserves an immediate Sum Assured.
- Under sections 80C and 10(10D), customers receive tax benefits.
- The assured sum varies between Rs 5 lakhs to Rs 5 crores.
- Customers can their premium in monthly, quarterly, half yearly or yearly terms.
Every insurance plan comes with its own set of benefits and features along with pros and cons. Therefore it is advisable for customers to research their options thoroughly and shop around before opting for a particular plan. A plan that is suitable to one customer may not be suitable for another. Customers must also keep in mind the reputation of the company and other factors such as claim settlement ratio while choosing a company to procure insurance policies from. By doing so, customers will be able to avail the perfect plan required for their financial requirements.
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GST of 18% is applicable on life insurance effective from the 1st of July, 2017