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SUD Life Insurance
SUD Life Insurance
SUD Life is one of the leading life insurance companies that offers a range of insurance products such as term plans, ...Read More
What you get with SUD Life Insurance
The headline features and policy mechanics, at a glance.
Annual Premium 8,260.38 crores
Affordable premium options starting from entry-level to comprehensive whole-life protection.
98.84% claim settlement ratio
Industry-leading approval rate on eligible life insurance claims in the most recent fiscal year.
2.3x solvency ratio
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
2+ optional riders
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
11000 pan-India presence
Branch offices and claim service centres across India for easy policy servicing.
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
Features of SUD Life Insurance
PAN India Presence:
Star Union Dai-ichi Life Insurance has a PAN India presence with a strong network of 15,000 partner bank branches. For queries or claims, you can visit the nearest branch.
Annual Premiums:
According to IRDAI reports, SUD Life Insurance received total annual premiums of ₹5,746.37 crore in 2022-23.
Claim Settlement Ratio:
SUD Life Insurance Company has a claim settlement ratio of 97.42%, as per IRDA reports 2022-23. This ratio indicates the number of claims settled by insurance companies out of the total claims received in a particular financial year.
Solvency Ratio:
Star Union Life Insurance has a good solvency ratio of 2.2. It is important to consider the solvency ratio as it helps assess the insurer's financial stability, ensuring hassle-free claim settlements. As per IRDA, an insurer must maintain a solvency ratio of 1.5.
Benefits of SUD Life Insurance Plans
Explore the numerous advantages provided by the insurer below.
Death Benefit
Upon the unfortunate demise of the life insured during the policy term, SUD Life Insurance pays the death benefit, which is the highest of: 110 times the annual premiums, the guaranteed death benefit, or 105% of total premiums paid.
Maturity Benefit
If the life insured survives the entire policy tenure, SUD Life Insurance pays the guaranteed maturity benefit to the nominee.
Tax Benefit
Premiums paid for SUD Life Insurance are eligible for tax benefits as per the Income Tax Act, 1961.
Secure and Authentic
SUD Life Insurance company is among the most trusted insurance companies in India. This provides clients with peace of mind and confidence regarding the security of their funds.
Riders You Can Avail With SUD Life Insurance Plans
Enhance your life plan with optional add-on riders for broader protection.
SUD Life Family Income Benefit Rider
The 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 Rider
This 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.
Documents required
For policy purchase and claim submission. Have these ready before you start.
Photo ID Proof Any one of the following
Passport, Aadhaar Card, PAN Card, Driving License.
Age Proof Any one of the following
Passport, Aadhaar Card, PAN Card, Driving License.
Address Proof Any one of the following
Utility Bill, Passport, Voter ID, Ration Card.
Medical Records Medical records of the policyholder (if requested).
Income Proof Any one of the following
Bank Statement, last three months' salary slips (for salaried individuals).
How to Buy a SUD Life Insurance Plan?
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
- Visit the PolicyX.com website or the SUD Life Insurance official website to compare and choose a suitable life plan.
- Enter your personal details such as name, date of birth, gender, annual income, and smoking status to get a customised quote.
- Compare plan options — choose your sum assured, policy term, premium payment term, and any optional riders.
- Fill in the proposal form with your contact details, nominee information, and medical history accurately.
- Upload the required documents: identity proof, address proof, income proof, and recent photographs.
- Pay the first premium online via net banking, UPI, debit/credit card, or cheque.
- Complete the medical examination if required (depends on your age and sum assured).
- Receive your policy document via email and registered post after underwriting approval.
How to File SUD Life Insurance Claims?
Every claimant/nominee is assigned a dedicated Claims Relationship Officer who assists through the entire process. The life insurance claim settlement process at SUD Life Insurance involves the following three steps:
Online Process
Claim Intimation
Inform the company about the incident via various channels: by writing an email to SUD Life at [email protected], calling the toll-free number (1800-103-7766), filling out the online claim form on its website, or visiting the nearest branch. A claim reference number/intimation number will be provided upon successful registration of the claim.
Document Submission
You must submit the necessary documents requested by the insurer to process the claim.
In case of natural death: death claim form, death certificate, original policy documents, claimant's identity & residence proof, medical records, and account details of the nominee.
In case of accidental death: the same documents with two additional ones: FIR and post-mortem report.
Claim Settlement
Once SUD Life receives your claim, they will verify all the details. They may also request additional documents if required. SUD Life will send a claim reference number after verifying the submitted documents.
Offline Process
SUD Life insurance claim settlement procedure can be reported by visiting the local SUD Life Insurance Branch Office. For details of SUD Life Insurance branches, you can visit their website and locate the nearest branch. You must submit the essential documents at the branch so that your claim can be processed.
- Log in to the SUD Life Insurance customer portal or the PolicyX.com dashboard before your policy renewal date.
- Review your existing policy details — coverage, premium amount, and nominee information.
- Choose to continue with the same plan or upgrade your sum assured if eligible.
- Pay the renewal premium online via net banking, UPI, debit/credit card, or cheque.
- Download the renewed policy document from your registered email or the insurer portal.
- Step 1: Visit the SUD Life Insurance Company official website and scroll down to the end of the page. Step 2: Click on the 'Buy Online' tab under Popular Links.
- Step 3: Click on the 'Know More' tab. Step 4: Now, click on the 'Calculate' tab at the top right corner of the page. Step 5: Fill in the required details, and click on the 'Calculate' tab.
- Once the payment is made, a confirmation will be sent to your registered email address.
What's covered — and what's not
The standard inclusions and exclusions across SUD Life Insurance plans. Specific plans may add benefits — always check the policy wording before purchase.
✗ Exclusions
- Death due to a pandemic such as COVID-19 or Ebola will not be covered by the company.
- Death due to indulging in any type of adventure sports.
- Death due to consumption of drugs or alcohol.
- Death due to any pre-existing disease not disclosed at the policy's inception.
- If a policyholder commits suicide during the first 12 months after obtaining the insurance, the nominee receives no death benefit. They receive only the premiums paid up to the date of the incident or the policy's surrender value, whichever is greater.
Conclusion
SUD Life Insurance is a reputable provider in the Indian life insurance market, offering a diverse range of products that cater to different customer needs, including term insurance, endowment plans, ULIPs (Unit Linked Insurance Plans), and retirement plans. For more details on life insurance products, contact PolicyX.com at the toll-free number 1800-4200-269 or email us at [email protected].
Why Choose PolicyX.com?
Don't just take our word for it — check out what our happy customers say about us!
All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.
Ravindra SinghI highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.
Priti VarshneyI'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.
Nisha MaryI bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.
Ajay ShahPolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.
Vijay RathodI purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.
Uma MahajanFrequently asked questions
The 6 most-asked questions about SUD Life Insurance, answered.
Customer satisfaction
Aggregate ratings from 924 verified PolicyX customers who bought a SUD Life Insurance plan.
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