The Premier Protection Plan from Star Union Dai-ichi Life Insurance, is designed to give you and your loved ones financial stability and security against life's uncertainties. You can enjoy a lot of benefits such as death benefits, revival benefits, tax benefits and rebates by purchasing this plan. The plan is available at affordable costs and it offers additional riders as well.
Example
Mr. Shriram is a 35 year old male and he decides to purchase the Premier Protection Plan. He decides to take the policy for a term 15 years with a sum assured of Rs. 50,00,000. He chooses to pay Rs. 8,100 as yearly premium. After making 5 premium payments, Mr. Shriram dies in an unfortunate event. Now, the nominee will receive the entire sum assured amount. After paying this amount, the company will terminate the policy.
GST of 18% is applicable on life insurance effective from the 1st of July, 2017
Yes, offers you the option to add a rider to this policy, the Accidental Death and Total & Permanent Disability Benefit Rider - Traditional.
No, there is no survival benefit under this plan.
No, this plan has no surrender value available.
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