SUD Life Insurance
- SUD Life Insurance Details
- SUD Life Plans
- Buying SUD Life Insurance Plans
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:
Affordable plans
Tax benefits
Wide range of plans
24/7 customer services
To get more insight into SUD Life Insurance Company's performance, take a look at the below key highlights that will help you to analyze the company based on its performance:
SUD Life Insurance has a Solvency Ratio of 2.2 as per the IRDAI annual report 2022-23. The solvency ratio helps the prospective policyholder assess the ability of a company to meet its financial obligations. As of now, IRDAI mandates maintaining a solvency ratio of 1.50 for every insurer.
There are various features to the SUD India Life Insurance Life Insurance Plan. Let's understand each of them in detail:
There are multiple benefits of SUD Life Insurance Plans. Read below to understand the plethora of advantages provided by the insurer.
Upon the unfortunate demise of the life insured during the policy term, SUD India Life Insurance pays the death benefit upon the highest of the following: 110 times of annual premiums, guaranteed death benefit, 105% of total premiums paid.
Once the life insured survives the whole policy tenure, SUD India Life Insurance pays the guaranteed maturity benefit to the nominee.
All the premiums paid for SUD India Life Insurance can be used for claiming tax benefits as per the Income Tax Act 1961.
SUD Life Insurance company is among the most trusted insurance companies in India. This ensures clients peace of mind and provides them with confidence regarding maximum security for your funds.
Here are the rider options you can avail with SUD Life Insurance Plans to enhance your coverage:
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 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.
Here is the list of documents required to buy SUD India Life Insurance Plans:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
SUD Life Insurance allows you to buy life insurance plans via two platforms. You can either buy the plan online from the official website of the company or through third-party intermediaries like agents, brokers, etc. Given below is a detailed explanation of both these types of buying processes.
Fill out the form given at the top of this page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, and riders (if required), and then proceed to make the payment. Once the payment is made, you will get a payment confirmation at your registered email address.
Visit the SUD India Life Insurance Company official website and scroll down to the end of the page.
Click on the 'Buy Online' tab under Popular Links.
Click on the tab 'Know More'.
Now, click on the tab 'Calculate' at the top right corner of the page.
Fill in the required details, and click on the tab 'Calculate'. Once the payment is made, you will get a payment confirmation at your registered email address.
Every claimant/nominee is assigned a dedicated Claims Relationship Officer who helps through the entire process. The life insurance claim Settlement process at SUD Life Insurance involves the following three steps:
Inform the company about the incident via various channels-either by writing an email to SUD Life at claims@SUDLife.com, 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 to you upon successful registration of the claim.
You have to 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 an accidental death: the same documents with two additional ones: FIR and post-mortem report.
Once SUD Life receives your claims they will verify all the details. Moreover, they can ask you for any additional documents if required. SUD Life will send you a claim reference number after verifying the submitted documents.
SUD Life insurance claim settlement procedure can be reported by visiting the local SUD Life Insurance Branch Office. For the details of SUD Life Insurance branches, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.
If you have any more queries regarding SUD Life Insurance Plans,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
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