Sud Life Insurance vs Hdfc Pension Plans Life Insurance 2026 | PolicyX

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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 and Bank of India, and a Japanese insurance partner, Dai-ichi Life Holdings. SUD offers various life insurance plans including term, savings, 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 1,950 branches are in rural areas, making insurance accessible for rural people. Dai-ichi Life, founded in Japan in 1902, established itself as one of the top ten global life insurers with a strong presence in the insurance business. With over 10 million customers worldwide, Star Union Life Insurance Company is a leading insurance provider.

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

  • Affordable plans
  • Tax benefits
  • Wide range of plans
  • 24/7 customer services
COMPANY DETAILS ✎ Edit

Sud Life Insurance

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Hdfc Pension Plans

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

₹ 260.38 crores

Annual Premiums Collected (2024-25)

₹ Rs 1 lakh to No limit
Payout Options

Payout Options

Lump sum, regular frequencies, or a combination of both

Payout Options

-
Claim ratio

Payout Options

98.84%%

Payout Options

Minimum Age- 30 year%
Solvency Ratio

Solvency Ratio

2.30

Solvency Ratio

85 years
Pan India Presence

Pan India Presence

11000

Pan India Presence

Annual, half-yearly,
Riders Available

Riders Available

Accidental Death and Total & Permanent Disability Benefit Rider

Riders Available

10 to 30 years
Policy Term

Policy Term

15 to 40 years

Policy Term

10 to 40 years
Inception year

Inception year

-

Inception year

-
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

-

Complaint ratio per ₹1 crore of premium collected

-
Average claim settlement time

Average claim settlement time

-

Average claim settlement time

-
IRDAI registration number

IRDAI registration number

-

IRDAI registration number

-
Awards and recognitions

Awards and recognitions

-

Awards and recognitions

-

Riders

Riders Available with SUD Life Insurance Plans

Name of the RiderBenefits
SUD Life Family Income Benefit RiderThe SUD Life Family Income Benefit Rider - Traditional provides income to your family in the event of your unfortunate demise.
SUD Life Accidental Total & Permanent Disability RiderThis rider is offered as an add-on benefit to the base plan. It provides an extra lump sum if the policyholder passes away due to an accident or suffers total permanent disability.
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Naval Goel

CEO & Founder, PolicyX.com

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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