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Star Union Dai-ichi Life Suraksha Kavach Plan - Bonus Rates Calculate Maturity Value
Star Union Dai-ichi Life Suraksha Kavach Plan  - Bonus Rates Calculate  Maturity Value
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Bonus rates for Star Union Dai-ichi Life Suraksha Kavach Plan

The table below shows the Bonus rates declared for Star Union Dai-ichi Life Suraksha Kavach Plan from inception. You can use this to calculate the Star Union Dai-ichi Life Suraksha Kavach Plan Maturity Value. Simple Reversionary Bonus for your policy is calculated as a percentage of base sum assured.

In case you have a plan with Sum Assured of Rs. 5,00,000 - Use the values in the table as following:

Bonus Value = Sum Assured x Bonus Rate / 100 = 5,00,000 x Bonus Rate / 100


Reversionary Bonus for Star Union Dai-ichi Life Suraksha Kavach Plan (UIN - 142N030V01)

Year Bonus Type Bonus Rate
2017-18 Simple 1.60%
2016-17 Simple 1.60%
2015-16 Simple 1.60%
2014-15 Simple 1.60%
2013-14 Simple 1.60%
2012-13 Simple 1.60%


Terminal Bonus

Terminal bonus is declared every year by the company. It is calculated as a percentage of base sum assured. Terminal Bonus is paybale subject to the condition that at least five years premium have been duly paid and policy should be in force at the time of exit. You can calculate the accrued terminal bonus by this formula,
Terminal Bonus Amount = Terminal Bonus Rate x Premium Payment Term x Baisc Sum Assured 

Year Bonus Type Bonus Rate
2017-18 Simple 0.50%
2016-17 Simple 0.50%
2015-16 Simple 0.50%

Additional Terminal Bonus

Additional Terminal bonus is also declared by the company. Additional Terminal Bonus is paybale subject to the condition that at least five years premium have been duly paid and policy should be in force at the time of exit. As of now we don't have any information on this.

 


Maturity Benefit

So to get to the Maturity benefit of Star Union Dai-ichi Life Suraksha Kavach Plan, you have to add all of the following -  Sum Assured + Accrued Reversionary Bonus + Terminal Bonus + Additional Terminal Bonus (if any)

 

Do let us know in case you need any further information on the bonus rates for this plan or in calculating the returns for your Star Union Dai-ichi Life Suraksha Kavach Plan

Please contact the Star Union Di-ichi Life's office for exact details of the bonus which has accrued in your plan.

You can read more about the plan and it’s working here - Star Union Dai-ichi Life Suraksha Kavach Plan Review

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