Star Union Dai Ichi provides various wealth plans for its customers. Some of the Star Union Dai Ichi wealth Plans are Dhan Rakshak Plan, Elite Assurance Plans, and Wealth Builder Plan. To become a policyholder and buy wealth plan go through the following sections of this page.
Star Union Dai Ichi Wealth Plans
Star Union Dai Ichi is a one of the leading insurer in India. It provides various plans for the customers. As life is full of twists, we need to secure our family financially. Once we secure our family economically, we can lead a tension free life. For this, we need to invest our money at a right place. For those kinds of investments, SUD Life provides a very good plan. Customers of SUDI Life can invest their money through Wealth plans to create wealth and protect our families against uncertainties.
SUD Life Wealth Plans are Unit Linked Plans that ou to build your wealth and protect your family. In today’s life, anything can happen. In these cases, our family needs a financial support as well as mental support. It is sure that you will give a psychological support at the same time family need to have financial aid. Star Union Dai Ichi provides financial assistance to the family in case of unfortunate/ sudden death of life Assured.
SUD Life Wealth Plans
Star Union Dai Ichi offers various plans for the customers. The wealth plans listed in SUD Life are
- Dhan Suraksha Plus Plan.
- Elite Assurance Plans.
- Wealth Builder Plan.
Star Union Dai Ichi Dhan Rakshak Plan
SUD Life Dhan Rakshak Plan is one of the best plans offered by the company. SUD Life Dhan Suraksha Plus is a double benefit Unit Linked Life Insurance Plan. It provides financial security to your family in case of your unfortunate/ sudden demise along with the flexibility to grow your money through investment in a choice of four funds. The Unique Identification number is UIN: 142L041V01.
Features of SUD Life Dhan Suraksha Plus Plan
- Choice of Investment of funds.
- Switching.
- Premium Redirection.
- Partial Withdrawal Benefit and more.
Benefits of SUDI Life Dhan Suraksha Plus Plan
- Death Benefit.
- Maturity Benefit.
Death Benefit:
On the death of the Life Assured, the Sum Assured under Base Plan will reduce as follows.
- If the death of the Life Assured occurs before attainment of age 60 years, the Sum Assured under Base Plan shall be reduced to the extent of the partial withdrawals made during the two-year period immediately preceding the date of death of the Life Assured.
- If the death of the Life Assured, occurs after attainment of age 60 years, all the partial withdrawals made within two years before attaining the age of 60 years and all partial withdrawals made after reaching age 60 years shall be reduced from, the Sum Assured under Base Plan.
Maturity Benefit:
If the Life Assured survives until the end of the policy term, the fund value under the base plan will be payable to the policyholder.
Star Union Dai Ichi Wealth Plan Eligibility
Age Entry:
| Minimum Age at Entry | 8 years last Birthday |
| Maximum Age at Entry | 50 years last birthday |
| Maximum Maturity Age | 70 years last birthday |
Premium Payment Options:
| Premium Payment Option | Premium Payment Term | Minimum Policy Term | Maximum Policy Term |
| Regular | Equal to the Policy Term | 10 years | 30 years |
| LPPT 7 | 7 years | 12 years | 30 years |
| LPPT 10 | 10 years | 15 years | 30 years |
Maturity Sum Assured:
| Age at Entry | Minimum Sum Assured | Maximum Sum Assured |
| Below 45 years | Maximum of 10 X Annualized Premium or (0.5* Policy term x Annualized Premium) | For Entry Age up to 41 years: 15 x Annualized Premium For Entry age of 42 to 44 years: 14 x Annualized Premium |
| Above and equal to 45 years | Maximum of 7 X Annualised Premium or (0.25 X Policy Term x Annualized Premium) | 10 X Annualised premium |
Star Union Dai Ichi Elite Assure Plan
SUD Life Elite Assure Plan is one of the Star Union Dai Ichi Wealth Plans. Elite Assurance Plan is a saving cum protection plan that gives freedom to build a future supplementary income.
SUD Life Elite Assure Plan Eligibility
| Age at Entry | Minimum | 20 years (last birthday) |
| Maximum | 50 years (last birthday) | |
| Policy Term( Premium Payment Term + Deferment Period + Payout Term ) | 15 years for Plan 5-5-5 | |
| 21 years for Plan 7-7-7 | ||
| Sum Assured | Fixed: 11 times the Annual Premium rounded up to the next Rs. 1000 | |
| Age At Matiruty | Minimum | 35 Years(Last Birthday) |
| Maximum | 71 years (last birthday) | |
|
Premium Payment Term, Defendant Period, Payout Term |
For 5 Years Plan |
5-5-5 |
| For 7 Years Plan |
7-7-7 |
|
| Premium Mode |
Yearly/ Half Yearly/ Quarterly/ Monthly |
|
|
Monthly Income |
Minimum |
Rs.10000/- |
| Maximum |
Rs. 5,40,000/- |
|
Star Union Dai Ichi Elite Assurance Plan Benefits
As every plan has some benefits and features, SUD Life Elite Assurance Plan also provides some key benefits for the policyholders.
- Survival Benefit.
- Death Benefit.
Survival Benefit:
There are three types of survival benefits provided under this plan,
- Monthly Income.
- Annual Income.
- Guaranteed Maturity Benefit.
Monthly Income:
As per the plan was chosen, you will get monthly income at the beginning of the every policy month.
Annual Income:
Life Assured will get 5 times of Monthly income paid at the end of the every policy year except at the end of the policy term.
Guaranteed Maturity Benefit:
- 40 times of the monthly income for 5-5-5 plan.
- 60 times for the 7-7-7 plan.
Death Benefit:
- 10 times of the Annual premium, or
- Guaranteed Maturity Benefit.
- 105% of Total premiums paid.
- 11 times the Annual Premium rounded up to the next Rs. 1000/-.
Star Union Dai Ichi Wealth Builder Plan
SUD Life Wealth Builder Plan is one of the Star Union Dai Ichi Wealth Plans. SUD Life Wealth Builder plan is a Unit Linked Plan, which gives an excellent opportunity to protect your family against uncertainties. It is a one-time investment for the life Assured.
Key Features:
- Switching.
- Top Up Premium.
- Partial With Drawl Benefit.
- Settlement Option.
Check the Eligibility and Benefits of Star Union Dai Ichi Wealth Plans
| Sum Assured | Minimum | Rs. 1,00,000 |
| Maximum | No limit | |
| Age at Entry | Minimum | 8 years (completed) |
| Maximum | 60 years (nearest birthday) | |
| Age at Maturity | Minimum | 18 years last birthday |
| Maximum | 70 years last birthday | |
|
Policy Term |
5-30 Years | |
|
Premium Payment Mode |
Single Premium |
|
|
Minimum Premium |
Rs. 100000/- |
|
|
Maximum Premium |
Rs. 100 Crores |
|
Sum Assured:
| Age at Entry(in years) | Minimum Sum Assured | Maximum Sum Assured |
| 8-30 | 1.25 times of Single Premium | 4 times of Single Premium |
| 31-35 | 3 times of Single Premium | |
| 36-44 | 2 times of Single Premium | |
| Equal to 45 | 1.10 times of Single Premium | 2 times of Single Premium |
| 46-50 | 1.75 times of Single Premium | |
| 51-55 | 1.50 times of Single Premium | |
| 56-60 | 1.25 times of Single Premium |
Benefits of Star Union Dai Ichi Wealth Builder Plan:
Survival Benefit:
If the Life Assured survives until the end of the policy term, the fund value under the base plan will be payable to the policyholder.
Death Benefit:
- Sum Assured under the Base Plan, or
- Fund value under the Base Plan, as on the date of intimation of death of the Life Assured, or
- 105% of Total premiums paid.
Star Union Dia Ichi Premium Calculator
To calculate the premium and Maturity Benefit for the Wealth & Protection Plan, there is need of some data. The general data required for the Star Union Dai Ichi Wealth Plans Premium Calculator is
- Name of the Policyholder.
- Email Id.
- Mobile Number.
- Age Proof.
- Policy Term.
- Sum Assured.
How to Buy Star Union Dai Ichi Wealth Policy?
The policyholder can visit the nearest SUD Life Branch Office to buy the Proposal form. Or you can go through the online to purchase the Policy. You can also get the SUD Life Wealth Plan through the Agent.
Documents needed for Star Union Dai Ichi Wealth Plan
- Application form/ Proposal form along with a photo.
- Address Proof.
- Age Proof.
- Medical reports (If required).
Claim Procedure for Star Union Dai Ichi Wealth Insurance Plan
Nominees can claim for the Wealth and Protection Plan after the death of the policyholder or after the successful completion of the premium.
The documents required to claim for the Star Union Dai-Ichi Wealth Plan are
- Original Policy Document.
- Proof of title.
- Death Proof.
- Medical treatment documents before death.
- Age proof.
Additional Information on Star Union Dai Ichi Wealth Plans
Grace Period:
If the Policyholder doesn’t pay the premium within the time, the company will extend the time to pay the premium is a grace period. Star Union Dai Ichi Plan has a grace period of 30 days. Assured candidate can pay the premium within this Grace Period.
Revival Period:
If the Policyholder doesn’t pay the premium within the grace period, then the Policy will be a lapse. A lapsed Term Plan will be revived within the two consecutive years from the date of first unpaid premium. This Term plan will be revived before the expiry period of Policy term.
Surrender Value:
If the insured candidate wants to return the policy within the Minimum Policy Term, surrender value will the paid to the policyholder.
Free Look Period:
If you are not satisfied with the Terms and Conditions of the Policy, you can return the Star Union Dai Ichi Wealth Plans within the 15 days from the Date of receipt of the Policy.
Policy Lapse: If the policyholder doesn’t pay the premium within the grace period for the first three full years, the policy will lapse. In this case, there are no benefits will be payable under this lapsed policy.