SUD Life Insurance Policy Surrender
  • SUD policy surrender process
  • Factors to consider
  • SUD surrender value
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What is SUD Surrender Value?

As the name suggests, surrender value is the money you receive from the insurer when you surrender your SUD policy during the policy tenure. It is simple to calculate your surrender value. All you need to do is add the total premium paid and subtract the charges by your insurer for surrendering the plan before maturity. However, Star Union Dai-Ichi Life Insurance offers surrender benefits under a few plans. Once you surrender your policy, the insurer shall pay you the surrender value, and terminate the policy.

How to Check Star Union Dai-Ichi Life Insurance Policy Surrender Value?

Online

  • Visit SUD’s official website and click on the customer login portal.
  • Log in to your account with credentials.
  • Once logged in, click on the policy details section.
  • You’ll find the details regarding the policy, such as surrender value, premium payments, coverage, etc.

Offline

  • Check Policy Documents:
    Firstly, review your policy documents or brochure. Typically, the surrender value is mentioned in statements provided by the insurer.
  • Contact SUD Customer Representative:
    For information regarding policy like surrender value or policy status, you can directly dial Star Union Dai-Ichi Life Insurance’s toll-free customer support number: 1800 266 8833.

How to Surrender the SUD policy?

Follow the steps below to surrender your SUD Policy:

  • Step 1

    Visit your nearest SUD branch or log in to their customer portal.

  • Step 2

    Obtain the ’Surrender form’ by downloading it online or from an office.

  • Step 3

    Fill out the form and submit it to SUD along with documentation.

  • Step 4

    Once the insurer receives the form, the surrender process will be initiated.

  • Step 5

    Typically, the surrender value is credited to the policyholder’s account in 7-10 days.

SUD Surrender Value Calculator

Star Union Dai-Ichi Life Insurance can be surrendered anytime before the maturity date. Therefore, with the SUD Surrender Value calculator, you can get an estimate of their policy surrender value. Once your claim process is done, you’ll receive a lump sum payout of the surrender value. you can use this money as you like, whether you need to pay off debt or want to put it into savings.

Factors to Consider Before Surrendering SUD Policy

  • Firstly, you must understand the surrender charges because some policies have penalties for surrendering before a specific period.
  • Before surrendering your policy, make sure you’ve paid for a significant period so you can get a higher surrender value.
  • Assess your condition in case you need immediate funds, and then you can opt to surrender the policy.
  • Check out your future insurance requirements before surrendering your policy.
  • Surrendering your policy may result in forfeiting bonuses attached to the policy.

Conclusion

Do you want to cut off your budget and decide to exit the SUD plan? Are you wondering how much Surrender Value you’ll get? Therefore, check out the above sub-topics and learn all about the SUD Life Policy Surrender Value.

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SUD Life Policy Surrender Value: FAQs

1. How much money will I get if I surrender my SUD policy?

It may depend on the premium paid till you surrender your Star Union Dai-ichi Life insurance policy

2. What is the surrender value of Sudlife?

The surrender value of Star Union Dai-ichi Life insurance policy is estimated as a Single premium x 75% of the remaining tenure to maturity/ total term.

3. How do I surrender my SUD Life policy?

To surrender a Star Union Dai-ichi Life Insurance Policy online, visit the insurer’s official website, sign in to your customer portal with credentials, and click the ’Surrender Policy’ button.

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