Sud Life vs Acko Term Insurance

  • Multiple policy tenure to choose from
  • Premiums starting @Rs 15/day
  • 30-day grace period
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Sud Life vs Acko Term Insurance

COMPANY DETAILS Edit SUD LifeTerm Insurance

Sud Life

 Edit Acko Term Insurance

Acko Term Insurance
Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

260.38 Cr

Annual Premiums Collected (2024-25)

₹64.05 crore
Payout Options

Payout Options

Lump sum, monthly, or a combination of both

Payout Options

Lump-Sum Payment, Fixed Monthly Payout, Increasing Monthly Payout and Lump Sum + Monthly Income
Claim ratio

Payout Options

98.84%%

Payout Options

99.70%%
Solvency Ratio

Solvency Ratio

2.30

Solvency Ratio

1.96
Pan India Presence

Pan India Presence

11k branches

Pan India Presence

200
Riders Available

Riders Available

Accidental Death and Total & Permanent Disability Benefit Rider

Riders Available

Accidental Death Benefit, Accidental Total & Permanent Disability, Critical Illness Benefit
Policy Term

Policy Term

5 to 40 years

Policy Term

5 to 40 years
Inception year

Inception year

2007

Inception year

2016
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.028

Complaint ratio per ₹1 crore of premium collected

Not available
Average claim settlement time

Average claim settlement time

15 Days

Average claim settlement time

15 days
IRDAI registration number

IRDAI registration number

142

IRDAI registration number

164
Awards and recognitions

Awards and recognitions

Gartner Innovation Awards (2020), Golden Peacock CSR Award (2024), BFSI Leadership Awards (2025)

Awards and recognitions

FICCI

Overview

SUD Life Term Insurance: Overview

Star Union Dai-ichi Life Insurance is a life insurance company in India that focuses on simple, affordable, and protection-based term plans to secure your family’s financial future. SUD Life Insurance offers 3 term insurance plans to suit your different needs: Saral Jeevan Bima, Life Protect Shield, and Life Protect Shield Plus. 

SUD Life Term Plans are designed to protect your family financially even in your absence. It is a reputed and trusted name in the insurance sector. SUD Life Term Plans offer a range of benefits, including affordable premiums, high sum assured, flexible payout options, longer coverage, etc. These plans come with additional rider benefits, including the Accidental Death and Total and Permanent Disability Rider and Family Income Benefit Rider. You can choose a life cover ranging from 5 lakhs to 5 crores as per your financial needs and requirements.

What are the
key features
of this plan?

  • Stay Protected with a life cover.

  • Get back all your premiums at maturity.

  • Protection against 40 critical illnesses.

  • Tax benefits.

  • High cover at affordable premiums.

  • Multiple premium payment term options.

  • Get an extra payout with additional riders.

Riders

Riders You Can Avail With SUD Term Insurance Plans

Name of the rider Benefits
SUD Life Accidental Death and Total & Permanent Disability Benefit Rider Get an extra payout on top of the base cover for up to 180 days upon death due to an accident or accidental total & permanent disability.

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Acko Term Insurance

Explore India’s best-selling Term insurance plans below

Acko Insurance is a private sector general insurance company in India. Founded in November 2016, the company received its license from the Insurance Regulatory and Development Authority of India in September 2017

Acko Life Flexi Term

Acko Life Flexi Term

Acko Life Insurance Flexi Term Plan offers flexible life cover with customizable payout options.You can adjust the sum assured and benefits as your ne...

Unique Features

  • Will Creation Services
  • Flexi Benefit
  • Optional Riders

Acko Life Flexi Term (Pros)

Acko Life Flexi Term
  • Annual coverage upgrade option
  • Flexible sum assured option
  • Quick policy modification system

Acko Life Flexi Term (Cons)

Acko Life Flexi Term
  • Suicide is not covered in the first year
  • Fraud or misstatement
  • Death due to alcohol
  • war or terrorism.

Acko Life Flexi Term (Other Benefits)

Acko Life Flexi Term
  • Flexible payout structure
  • Instant policy servicing
  • Multiple rider options

Acko Life Flexi Term (Eligibility Criteria)

Acko Life Flexi Term
  • Entry Age - 18 Years
  • Max Entry Age - 70 years
  • Minimum Sum Assured - Adaptable
  • Maximum Maturity Age - 85 years Premium Payment Term - RP/SP/LP

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Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

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