Sud Life Insurance
vs
Canara Hsbc Life

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Sud Life Insurance vs Canara Hsbc Life

Sud Life Insurance

SUD Life is one of the leading life insurance companies that offer a range of insurance products such as term plans, investment plans, savings plan, etc.

Canara Hsbc Life

Canara HSBC Life Insurance company is a joint venture between Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%), and Punjab National Bank merged with OBC (23%).

COMPANY DETAILS Edit SUD Life Insurance

Sud Life Insurance

Edit Canara HSBC Life Insurance

Canara Hsbc Life

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

5746.37 crore

Annual Premiums Collected (2023-24)

7197.38 Cr
Payout Options

Payout Options

Lump sum, regular frequencies or a combination of both

Payout Options

Lump sum, regular frequencies or a combination of both
Claim ratio

Claim ratio

97.42%

Claim ratio

99.01%
Solvency Ratio

Solvency Ratio

2.2

Solvency Ratio

2.7
Branches

Branches

1500+ bank partnersh

Branches

100+
Riders Available

Riders Available

Family Income Benefit Rider, Accidental Total & Permanent Disability Rider

Riders Available

Accidental Death Benefit, Accidental Total & Permanent Disability Premium Protection, Accidental Total & Permanent Disability Premium Protection Plus, Critical Illness Premium Protection, Critical Illness Premium Protection Plus,Terminal Illness B
Policy Term

Policy Term

5 to 40 years

Policy Term

5 to 40 years

Know More About Companies

Overview

SUD Life Insurance: Overview

Star Union Dai-ichi Life Insurance, founded in 2009 is a joint venture between two public sector banks- Union Bank, Bank of India, and a Japanese insurance partner Dai-ichi Life Holdings. SUD offers various life insurance plans including term, saving, wealth, child, and retirement plans covering every aspect of financial requirements. Star Union Life Insurance Company has a PAN India presence with 15,000 bank branches of which 1950 branches are in rural areas making insurance accessible for rural people. Dai-chi Life was founded in Japan in 1902 and established itself as one of the top ten life insurers globally with a good hold over the insurance business. With over 10 million customers around the world Star Union Life Insurance Company is one of the leading insurance companies.

SUD Life Insurance ensures to look after your insurance needs by offering:

why-choose
  • Affordable plans

  • Tax benefits

  • Wide range of plans

  • 24/7 customer services

 

Riders

Riders You Can Avail With SUD Life Insurance Plans

Name of the Rider Benefits
SUD Life Family Income Benefit Rider

Star Union Dai-ichi Life brings you Family Income Benefit Rider - Traditional, which provides income to your family in the event of your unfortunate demise.

SUD Life Accidental Total & Permanent Disability Rider

SUD Life Accidental Total & Permanent Disability Rider will be offered as an add-on benefit to the base plan. This rider provides an extra lump sum if the policyholder passes away due to an accident or gets total permanent disability. 

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Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.