Star Union Dai-ichi Life Insurance Co. Ltd. (SUD Life) is a joint venture (JV) of Bank of India, Union Bank of India and Dai-ichi Life, a leading life insurance company of Japan.
Bank of India and Union Bank are leading Indian public sector banks and have a robust nationwide network of more than 11000 branches that cater to more than 64 million customers. Bank of India and Union Bank have sponsored select Regional Rural Banks, which provide SUD Life access to more than 1950 branches that make life insurance products available in rural areas.
Dai-ichi Life is the second largest life insurance company in Japan and is one of the top ten life insurers in the world. Dai-ichi Life was established in 1902 and is a recognized brand name across the globe. Dai-ichi Life is renowned for sound product knowledge, superior asset management skills, and strong operational capabilities to manage life insurance businesses globally.
SUD Life is committed to providing insurance products across various strata of society and geographies as per the needs of the customer. At SUD Life, the customer commands topmost priority.
The promoters of SUD Life have a long-term commitment towards their customers and stakeholders and have earned the trust of 64 million customers. These strengths and values have been inherited by SUD Life, as we make they make their way to become the next rising star in the Indian life insurance business, promising exceptional value to all our stakeholders.
Best Life Insurance Company in Private Sector-Awarded by ABP News at BFSI Awards, February 2015
Award for Excellence in HR through Technology-Awarded at 9th Employer Branding Awards, February 2015.
Company with Highest Claims Settlement-Awarded by ABP News at BFSI Awards, February 2015.
Bancassurance Leader of the Year Award 2014- Awarded at The Indian Insurance Awards.
Excellence in Financial Reporting 2014-Awarded for best financial accounting practices at ICAI.
Technology Maturity Award 2013-Awarded at The Indian Insurance Awards.
Stars of the Industry 2012-Awarded for the overall excellence in Insurance Industry at 94.3 My FM.
Excellence in Financial Reporting 2012-Awarded for best financial accounting practices at ICAI
India Insurance Award 2011-Awarded for Best New Company with All Round Growth since inception at India Insurance Review & CELENT.
Customer Showcase Award 2010-Awarded for in-house developed group policy administration system on the open-source platform at CIO100.
Redhat Award 2009-Awarded at Redhat.
SUD Life Dhan Suraksha Plus is a double benefit Unit Linked Life Insurance Plan, which provides financial security to your family in case of your unfortunate demise along with a flexibility to grow your money through investment in a choice of four funds.
SUD Life Wealth Builder Plan is a Unit Linked Life Insurance Plan, which gives you an opportunity to grow your one-time investment and also protects your family against uncertainties.
SUD Life Elite Assure Plus is a Limited Premium Non-Linked Non-Participating Endowment Life Insurance Plan that offers protection for your family in case of unfortunate death and offers you additional protection by way of the inbuilt accidental death benefit. The plan also helps you build up your savings and provides assured monthly payouts.
Uncertainties are difficult to cope up with. At SUD Life, they empathize with your loss and pledge to be at your side during your tough times.
Step 1: Death Claim Intimation
The Nominee / Appointee / Assignee or Family Member of the Life Assured need to intimate SUD Life about the Death Claim in writing along with a set of listed mandatory documents, if available.
Step 2: Death Claim Processing
The Claims Department at SUD Life would review the claim documents you have sent and in case of the requirement may call you for pending mandatory documents & additional listed documents. The claimant would be kept updated on the status of his/her claim, throughout the process.
Step 3: Claim Decision & Communication
SUD Life will send a written communication to the Claimant, informing him/her about the Decision of the claim along with details of payment made through Electronic Fund Transfer.
Customers can contact and discuss with the representatives of our channel partners in any branch of Bank of India or Union Bank of India. We have a bouquet of products catering to suit the needs of the customer at every phase of his/her life.