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Star Union Daiichi Pure Term Assurance

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This plan has been withdrawn by the insurance company and is no longer available for sale.
 

Star Union Dai-ichi Pure Term Assurance Plan


Star Union Daichi Pure Term Assurance is a simple pure term plan from Star Union Dai-ichi Life Insurance where the nominee gets the chosen sum assured on death of the life insured and nothing is payable on maturity as this is a pure term insurance plan for the protection purpose.


COMPARE THIS PLAN WITH OTHER TERM PLANS
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    Key Features of SUD Pure Term Assurance Plan

     

    §  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.

    §  High Sum Assured rebate is provided for Sum Assured > Rs 10 lakhs

     

    Benefits you get from SUD Pure Term Assurance Plan

     

    Death Benefit – In case of death of the Life Insured, the nominee gets the chosen sum assured under the plan.

     

    Maturity Benefit – Nothing is payable on maturity of the policy.

     

    Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C

     

     

    Eligibility conditions and other restrictions in SUD Pure Term Assurance Plan

     

     

    Minimum

    Maximum

    Sum Assured (in Rs.)

    5,00,000

    24,99,999

    Policy Term (in years)

    5

    25

    Premium Payment Term (in years)

    Single

    Equal to policy term

    Entry Age of Policyholder

    18

    60

    Age at Maturity

    23

    65

    Single premium (in Rs.)

    NA

    NA

    Payment modes

    Single, Yearly, Half-Yearly, Quarterly and Monthly(ECS)

     

     

    Sample illustration of premium amount in SUD Pure Term Assurance Plan

     

    The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. 10 lakhs and Policy Term = 15 years

    Star Union Daiichi Pure Term Assurance Plan premium rates

     

    Additional Features & Benefits of this plan

     Riders – the available rider that is available in this policy:

    ·         Accidental Death and Total and Permanent Disability rider

    HAVE ANY DOUBTS THAT NEED TO BE CLARIFIED?

    What happens if?


    You stop paying the premium - If the policy holder stops paying the premium, then the policy lapses after the grace period ends. It can however re-instate the policy within 3 years of lapsation by paying up all due premiums with interest. The present rate of interest is 9% p.a.

     

    You want to surrender the policy – Surrender Benefit is available only for Single Premium policies

    Surrender Value= 60% of (1- Duration Elapsed/Total Term) X Single Premium

     

    You want a loan against your policy – Loan facility is not available under this policy.

     

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