SUD Life Premier Protection Plan
Product Info
UIN
Status
Launch Date
Withdrawn Date
Product Overview
Star Union Dai-ichi Premier Protection is a pure term plan without maturity benefit. The plan offers strong financial protection at an affordable cost, along with other optional benefits.
Product Description
- It is a pure Term Insurance Policy with Death Benefit only and no maturity benefit.
- Accidental Death and Total and Permanent Disability rider benefit available
- Caters to people with high life cover requirement since the minimum sum assured is Rs 25 lakhs
COMPARE & BUY SIMILAR PLANS
Unique Features
- High Sum Assured at an Affordable Premium
- Policy term options of 10-30 Years
Eligibility Criteria
| Eligibility Criteria | |||||
|---|---|---|---|---|---|
| Age at Entry (Min) | 18 years (age last birthday) | ||||
| Age at Entry (Max) | 60 years (age last birthday) | ||||
| Max age of Maturity | 70 years (age last birthday) | ||||
| Min Premium Payable | |||||
| Yearly | Half Yearly | Monthly | |||
| Rs. 5000 | Rs. 2500 | Rs. 500 | |||
| Min Sum Assured | Rs. 25 lacs | ||||
| Max Sum Assured | Rs. 100 cr | ||||
| Notes :- *Sum Assured is available in multiples of 10,000 | |||||
| Mode Available | Yearly, Half-yearly or Monthly (ECS/SI only) modes | ||||
| Policy Term | Min | 10 years | |||
| Max | 30 years | ||||
| Premium Paying Term | Equal to policy term | ||||
OneInsure App Benefits
Product Benefit
- Maturity Benefit :
NO Maturity Benefit as this is a pure term plan. - Death benefit :
Nominee gets the chosen Sum Assured under the plan.
Other Policy Features
| Feature | Description |
| Lapse | If you don’t pay your premium within the grace period, your policy would lapse |
| No benefit will be available if your policy has lapsed | |
| Surrender Value | No surrender value is payable for this policy |
| Policy loan | Policy loan is not available against this policy |
| Revival | You can revive your lapsed policy by sending us a revival request within two years from the date of first unpaid premium. |
| You will need to pay the unpaid premiums, with interest at the applicable rate, at the time of revival, and submit satisfactory medical evidence of continued good health |
Add-ons
- SUD Life Accidental Death and Total & Permanent Disability Benefit Rider – Traditional :
Star Union Dai-ichi Life has come out with the Accidental Death and Total & Permanent Disability Benefit Rider - Traditional, which provides additional benefits to the insured in the unfortunate event of his or her meeting with an accident during the contract period under this rider.
Exclusions
If the Life Insured under the Policy, whether medically sane or insane, commits suicide, within one year of the date of reinstatement of the Policy, the Policy shall be void and the Company will only be liable to pay the higher of 80% of premiums paid or the surrender value.
Tax Benefits
Income tax benefits are available under Section 80C and Section 10(D) of Income Tax Act, 1961.
Claim Process
Know Claim Process of SUD Life Premier Protection Plan
Company Overview
Star Union Dai-ichi (SUD) Life Insurance is a joint venture between Bank of India, Union Bank of India and Dai-ichi Life, the second largest life insurance company of Japan. SUD’s focus is on offering insurance products best suited for customers from various strata's of society and geographies. The company has won many awards including the one for ‘Highest Claim Settlement’ at BFSI Awards, in February 2015.
BENEFITS OF BUYING FROM ONEINSURE
OneInsure is owned by Robinhood Insurance Broker Pvt. Ltd.
Robinhood is known for its user & customer centric approach. We take care of all the phases of insurance, whether you've bought the policy from us or not.
