Star Union Daiichi Pure Term Assurance
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.
Key Features
the available rider that is available in this policy:
- Accidental Death and Total and Permanent Disability rider
Benefits
In case of death of the Life Insured, the nominee gets the chosen sum assured under the plan.
Nothing is payable on maturity of the policy.
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
| 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 (in years) | 18 | 60 |
| Age at Maturity | 23 | 65 |
| Single Premium (in Rs.) | NA | NA |
| Payment modes | Single, Yearly, Half-Yearly, Quarterly and Monthly(ECS) | |
FAQs
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.
Surrender Benefit is available only for Single Premium policies
Surrender Value= 60% of (1- Duration Elapsed/Total Term) X Single Premium
Loan facility is not available under this policy.
