• SUD Life Premier Protection Plan

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    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.

    Eligibility for Premier Protection Plan

    • At entry age of any individual who would like to take up this plan, should be at the minimum age of 18 years, and up to the age of 60 years.
    • The maturity of the policy is a maximum age of 70 years.

    The main features of this plan are:

    1. The Star Union Dai-ichi Life Insurance plan provides you and your family with insurance coverage to for all of life’s uncertainties. The minimum premium for this plan is an amount of Rs. 500, if paid monthly, and Rs. 2,500 if paid half-yearly, and an amount of Rs. 5,000 if paid yearly.
    2. You have the option to make premium payments throughout the whole term of the policy.
    3. Premium payments can be made in either yearly, half-yearly, or monthly modes.
    4. The policy term will be for a minimum of 10 years and a maximum of 30 years.
    5. The policy offers a minimum sum of Rs. 25 lakh and a maximum of Rs. 100 crore which is subject to underwriting.

    Benefits of the Premier Protection Plan

    1. Death Benefit - The nominee will receive the sum assured immediately, in the event of the policyholder’s untimely demise. The policy will terminate after paying this amount.
    2. The policy provides extra cover in the form of a riders, It offers the following riders - Accidental Death and Total & Permanent Disability Benefit Rider – Traditional. In case of death caused to the policyholder by accident, then the nominee would receive the benefits.
    3. Sum assured rebates - You will enjoy rebates in your premium payments, if you have opted for a higher sum assured. If you have chosen an ECS/SI mode of payment you will get special rebates as well.
    4. Tax Benefits - The policyholder will enjoy tax benefits as per the Income Tax Act 1961 for purchasing this policy. The policyholder can claim tax benefits premiums paid for this policy under 80C of the above mentioned Tax Act.
    5. Grace Period - For premium payment modes which are yearly and half-yearly, the grace period allowed is 30 days, and for the monthly mode of payment the grace period is 15 days. The policyholder will be required to clear the pending premiums within this grace period.
    6. Free - Look Period - The policy comes with a free - look period of 30 days. If the policyholder still doesn’t agree to these terms and conditions of the policy, the policy can be cancelled within this period.
    7. Revival Benefit - If the policy lapses due to non-payment of premium, then it can be revived after payment of all unpaid premiums within 2 years from the last unpaid premium premium.

    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.

    FAQs.

    1. Can I add additional protection along with this policy ?

      Yes, offers you the option to add a rider to this policy, the Accidental Death and Total & Permanent Disability Benefit Rider – Traditional.

    2. Is there any survival benefit offered under this plan?

      No, there is no survival benefit under this plan.

    3. Does the plan have any surrender value?

      No, this plan has no surrender value available.

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

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

    SUD Life Premier Protection Plan Reviews

  • Page 1 of 1
    • Star Union Dai Ichi Life Insurance
      "Good policy to use"
      0.5 5.0/5 "Blown Away!"
      I got better response from STAR UNION DAI-ICHI LIFE INSURANCE Company. There is an option to pay the premium amount through the internet banking to the STAR UNION DAI-ICHI LIFE INSURANCE. The plan benefits and the coverage is good with this policy. I hold the life insurance policy for past 5 years. I pay the premium of Rs,40,000. This policy has the tenure of 15years.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 16, 2018
    • Star Union Dai Ichi Life Insurance
      "Good service "
      0.5 3.5/5 "Pretty good"
      I have Star Life insurance is very beneficiary for the customer i get a policy coverage nearly 2-3 lakhs for myself as well as for the dependent the payment options are good,its done through online.my monthly premium amount is 900 its very much convenient.
      Was this review helpful? 0
      , jammu
      Reviewed on Oct 17, 2017
    • Star Union Dai Ichi Life Insurance
      "Need to improve"
      0.5 5.0/5 "Blown Away!"
      Star DAI- CHI life insurance policy is the one of the insurance policy, which I had taken before five to six years of time. Premium is around 3.5 lakh Rupees per annum and the services needs to be get improved. Payment mode is a flexible one with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 10, 2017
    • Star Union Dai Ichi Life Insurance
      "Pretty okay..."
      0.5 5.0/5 "Blown Away!"
      I have taken life insurance from Star union. Plan benefits an all good. I have taken for 5 lakhs coverage. For the first year we need to pay the premium. They have lots of option and I am okay with them. Only thing is, they have some lock in period for 1 or 2 years.
      Was this review helpful? 0
      , karur
      Reviewed on Nov 11, 2015
    • Star Union Dai Ichi Life Insurance
      "Recommendable..."
      0.5 5.0/5 "Blown Away!"
      I have completed 2 years payment. I am getting benefits but it dependence in terms of renewal. I would recommend this Star union life insurance for middle class people. This policy covered full family. I used to make premium amount once in a year. Premium amount was quiet good 5000rs.
      Was this review helpful? 1
      , namakkal
      Reviewed on Nov 06, 2015
    • Star Union Dai Ichi Life Insurance
      "Dark clouds ahead"
      0.5 3.0/5 "Satisfactory"
      I have endowment plan for the tenure of 10 years from Star union dia life insurance. Will get sum assured amount after the maturity period with the bonus. Policy coverage is up to the insured amount. Only accidental and natural death y is been covered . Payments have to be made only through the agent.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 23, 2015
    • Star Union Dai Ichi Life Insurance
      "Transparency in providing all the details upfront with proof"
      0.5 5.0/5 "Blown Away!"
      It is one of the best insurance company offering entire gamut of insurance product in a very competitive rate and have a very open and online system to get any information from the two sponsoring banks any branch in anywhere in the world . I recommend it emphatically
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Sep 17, 2015
    • Star Union Dai Ichi Life Insurance
      "Very Good"
      0.5 3.0/5 "Satisfactory"
      I applied for a life insurance with Star Union Dai-Chi Life insurance the processing and the documentation was very transparent and the customer service executives are very friendly in approach and the whole process got completed in ten days the overall service is good.
      Was this review helpful? 8
      , vijayawada
      Reviewed on Jul 05, 2014
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