Star Union Dai-ichi Assured Income Plan

With the Star Union Dai-ichi Assured Income Plan, policyholders receive long-term protection as well as financial security. The guaranteed annual income regularly received by the policyholders, or their beneficiaries is tax-free and the overall benefits received contribute to the peace of mind for the policyholders.

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  • 17.3 Crore Registered Consumer
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  • 7.7 Crore Policies Sold
In-Built life cover
Top performing plans˜ with High Returns**
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17.3 Crore
Registered Consumer
55
Insurance Partners
7.7 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Key Features

  • Premium payment is flexible, with a choice to pay via monthly, quarterly, half-yearly or yearly modes, as per the convenience of the policyholder.
  • Survival and Maturity Benefits are available in this plan, contributing to the financial protection and wealth creation for the policyholder.
  • When the person whose life is assured passes away, the Death Benefit is payable immediately to his or her beneficiaries. The beneficiaries continue to receive financial protection in the form of annual payouts until the end of the policy term.
  • The policyholder and his family receive annual income after the premium payment period for the length of the policy term that had been chosen at the inception of the policy.

Benefits

  • The policy offers a Guaranteed Annual Payout.  The annual payout otherwise known as Survival Benefit, as chosen by the policyholder starts from the end of the premium payment term or deferment period, if there is any.
  • Guaranteed Maturity Benefit is paid if the person whose life is insured is alive when the policy matures, provided all premium payment have been made. In case of the 10 year premium payment term, the Guaranteed Maturity Benefit is ten times the annualized premium while it is fifteen times the annualized premium for the 15 year premium payment term.
  • If the person insured passes away, the nominee receives the Death Benefit, which is the Death Sum Assured plus Additional Annual Payouts and the scheduled annual payouts. The beneficiary may opt to receive all future outstanding annual payouts in the form of a lump sum benefit.
  • Tax benefits are available on the premium paid and Death and Maturity Benefits as per sections 80(C) and 10 (10D) of the Income Tax Act.

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

8 years

55 years

Maturity Age (Last Birthday)

-

75 years

Policy Term (PT) in years

Equal to Premium Payment Term plus Deferment Period (if any) plus Payout Period

Premium Paying Term (PPT) in years

10 years

15 years

Premium Paying Frequency

Annual, Semi-annual, Monthly, Quarterly

Annual Payout Period

10, 15, 20 or 25 years

Annual Payout

Rs. 24,000

Rs. 50 lakhs

Deferment Period

0

5 years

Details About Premium

Age at inception of policy

Policy term

Premium Payment Period

Annual Premium

Deferment Period

Total Annual Income for 15 yrs

Maturity Benefit (10* Annualized Premium)

Total Benefit Amount

35

30 yrs

10 yrs

Rs. 28,224

5 yrs

Rs. 24,000* 15 = Rs. 3,60,000

Rs. 282,240

Rs. 642,240

 

Death Benefits received by beneficiary on the unfortunate demise of the policyholder

Death of policyholder during Premium Payment Period at age

Death Sum Assured received immediately

Additional Annual Payouts from 4th policy anniversary

Scheduled Annual Payouts

Total Benefit Amount

38 yrs

Rs. 311,000

Rs. 24,000*11 = Rs. 2,64,000

Rs.24,000*15= Rs. 3,60,000

Rs.  9,35,000

Death of policyholder during Deferment Period at age

Death Sum Assured received immediately

Additional Annual Payouts from 12th policy anniversary

Scheduled Annual Payouts

Total Benefit Amount

46 yrs

Rs. 311,000

Rs. 24,000*3 = Rs. 72,000

Rs.24,000*15 = Rs. 3,60,000

Rs.   7,43,000

Death of policyholder during Payout Period at age

Death Sum Assured received immediately

Additional Annual Payouts

Scheduled Annual Payouts

Total Benefit Amount

52 ys

Rs. 311,000

NA

Rs.24,000*12 = Rs. 2,88,000

Rs. 6,71,000

Policy Details

Grace Period: There is a limited timeframe of 30 days from the due date of the unpaid premium to pay all dues, without interest. This timeframe is reduced to 15 days if payments are being done on a monthly basis.

Lapse: Failure to pay two years of due premiums within the Grace Period will result in the policy lapsing. The life cover will cease and no benefits are payable once the policy has lapsed.

Policy Termination or Surrender Benefit: This policy acquires Surrender Value on the completion of two full policy years with the provision that all premiums were paid. Termination occurs on the earliest of the following: on payment of the Surrender Benefit, or Death Benefit (and payment of the last Annual Payout), or Maturity Benefit. It is also terminated on being lapsed by non-payment of two years of premiums and not being revived within the Revival Period.

Free Look Period: A limited free look period of 15 days from the date of receiving policy documents is allowed to review the policy. This timeframe is extended to thirty days if the policy was sold via distance marketing mode.

Additional Features or Riders

  • The revival of a lapsed policy is possible if the policyholder submits a written request for reinstatement within a timeframe of two years from the date of the first unpaid premium.

Exclusions

  • The term insurance cover is void if the person insured, whether sane or insane at the time, commits suicide within one year from the start of the policy cover. The company will refund only 80% of the premiums received. The same is applicable if the person insured commits suicide within one year from the date of last reinstatement. In this case, if the policy is still in force then the company will refund the higher of the Surrender Value on the date of death or 80% of the premiums paid until the date of death.

Documents Required

The policyholder has to fill up an ‘Application form’ with identity proof, bank account proof, address proof and a recent photograph. Select cases may require income proof.

Ulip Insurer2
Disclaimer: Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 1281 Reviews)

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Star Union Traditional Plans Reviews & Ratings

4.6 / 5 (Based on 1281 Reviews)
(Showing Newest 10 reviews)
Ashish
Kuwait, November 08, 2026
★★★★★
Good Guidance from Policybazaar
Overall, I had a good experience and the team was supportive. Good comparing place.
Varun
Australia, November 08, 2026
★★★★★
Investment for Future Security
My goal was to buy a good investment plan for my child so that her future education is secured. I explained my requirement to policybazaar expert, and he got an exact plan that i was looking for. Thank you pb.
Neha
Canada, November 08, 2026
★★★★★
Helpful Customer Support
I was very confused and did not understand the terms and conditions of the policies. Policybazaar team was helpful and explained the details in a simple manner.
Rakesh
United Kingdom, November 07, 2026
★★★★★
Planning Investments in India
Wanted to buy an investment plan for my retirement when i come back to india. I found the guidance useful while comparing different investment options at policybazaar.
Siddharth
Saudi Arabia, November 07, 2026
★★★★★
Easy Process for NRIs
I completed my purchasing process from Dubai easily without visiting India. The online assistance was helpful and things went quite smoothly.
Varsha
UAE, November 07, 2026
★★★★★
Good Experience with Investment Plans
Bought Birla Sun Life Insurance Company Ltd Wealth Smart Plus from PB. they explained the features properly and helped me understand the details.
Aditya
United States, November 07, 2026
★★★★★
Investing from the USA
I was trying to explore investment options in India, and i live in the USA. Policybazaar team helped me understand the process and answered my queries. I bought an investment plan that i am happy with.
Nishant
New Zealand, November 05, 2026
★★★★★
Overall Service Experience
Good experience with pb. Process was little slow but i am happy with my plan
Devang
Australia, November 05, 2026
★★★★★
Support for First-Time NRI Investor
This was my first time buying investment plan from abroad and policybazaar helped me. Good policy they gave me
Ayesha
Canada, November 02, 2026
★★★★★
Reviewing Policy Terms
Kotak einvest plus is what i picked after almost a week of comparing plans policybazaars comparison tool actually helped a lot saved me time no regrets so far

˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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