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Star Union Dai-ichi Pure Term Assurance Plan

Entry Age (years)  
Minimum 18
Maximum 60
Maximum Maturity Age (years) 65
Policy Term (years)  
Minimum 5
Maximum 25
Sum Assured (Rs)  
Minimum 500000
Maximum 2499000
Premium Payment Frequency Single, Yearly, Half-yearly, Quarterly, Monthly (via ECS only)
Premium Payment Term Single or equal to policy tenure
Policy Cover Cover remains fixed for the tenure of the policy
Other Features  
Free Look Cancellation In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace Period You are allowed to pay premiums within 30 days from due date for annual, semi-annual and quarterly premiums and within 15 days in case of monthly premium. If a due premium is not received within the grace period of 30 days, your policy will lapse and the life insurance cover, including the rider cover, if any, will be terminated.
Lapsed Policy Reinstatement You can reinstate your lapsed policy any time (within 3 years from the due date of the first unpaid premium) by paying all the due premiums and undergoing underwriting requirements, if any.
Tax Benefits Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply. Premiums paid for SUD Life Accidental Death & Total and Permanent Disability Benefit Rider qualify for deduction under Section 80D of the Income Tax Act, 1961.
Exclusions In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable. Further, if the Life Assured under the policy, whether medically sane or insane, commits suicide, within one year of exercising the option to increase the Sum Assured, then the amount of increased Sum Assured will not be considered in the calculation of the Death Benefit
Surrender Value Only Single Premium Policyholders can surrender policy after completion of one policy year. Surrender value will be 60% of Unearned Premium. Unearned Premium is {1-(elapsed duration since date of commencement of policy/ Term of policy)*Single Premium}
Customer Service  
Address Star Union Dai-chi Life Insurance Corporate Office: 11th floor, Raghuleela Arcade, Opp. Vashi Railway Station, Vashi, Navi Mumbai - 400 703 Registered Office: Star House, 3rd floor, West Wing, C-5, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051
Mail To [email protected]
Call On 022 39546300
Additions to the Plan  
Available Rider(s) SUD Life Accidental Death and Total and Permanent Disability: It covers Death due to accident within 180 days of accident.
Accidental dismemberment (loss of limbs and/or eye(s).
Permanent total disability due to an accident
Rider Conditions  
Entry Age (years)  
Minimum 18
Maximum 60
Maximum Maturity Age (years) 65
Rider Term (years)  
Minimum Equal to policy term
Sum Assured (Rs)  
Minimum 10000
Maximum Lower of Base plan insurance or 50 lakh
Rider Premium (Rs) Rider premiums vary for each policyholder. For instance, if a 30-year old opts for the Accidental Death and Total and Permanent Disability rider for Rs 5 lakh sum assured over a 10 year tenure; the annual rider premium works to Rs 400.