Star Union Da-ichi Term Insurance Plans

The range of products offered by Star Union Da-ichi Life include Protection plans in the form of term plans, Child Plans, Savings and Investment Plans which are available in both conventional or ULIPs form and Pension plans. With a wide range of products, the company strives to meet every individual’s insurance related requirement at a single source.

What is a Term Insurance Plan?

Term Insurance Plan or Term Plans in short, provide the basic coverage to individuals. They are the essence of life insurance providing financial support to the individual’s family uponearlydemise of the person. Technically, term plans are defined to be a contract between the company and the person taking insurance wherein the insurance company promises the payment of a lump sum amount which is called the Sum Assured if the insured expires during the policy duration. The policy term is the time, taken in years, for which the plan was bought by the person insured. In return of the promise by the insurer, the person insured has to pay a designated premium amount to the company for the opted coverage

Why Term Insurance Plans?

Term Insuranceis the cheapest plan available in the market in which by paying a very minimal amount as premium you can avail of a high coverage for your protection purposes. Life is uncertain with everyone facing the risk of premature death. Upon death of a member of the family, the family faces both emotional loss and financial loss. While compensation of emotional loss is impossible, the financial loss which is suffered can be duly compensated through term insurance. Moreover, term insuranceoffers considerable coverage at low costs which makes it affordable on people’s pockets. A high coverage makes sure that the family is financially taken care of without any distress if the breadwinner is not around.

Applying For Term Insurance through PolicyBazaar

• On the PolicyBazaar homepage, click on Term Insurance under the Personal tab.
• Click New Quotes to compare and choose from top insurance providers.
• Fill your date of birth (DOB), whether you are a smoker/non-smoker, and the payout amount. On the basis of your payout amount, you will get an estimate of your premium. Next click Continue.
• Fill in your name, email address, city, country code, and mobile number. Click Continue.
• You will be taken to the Life Insurance quotes page where you will see life insurance quotes of more than 10 insurers. Next, choose the plan as per payment schedule – One Time Payout and Monthly Payout Plans.
• After reviewing and comparing each life insurance quote, click the premium amount to buy the desired plan.
• You will see a pop-up on the screen which will give you an overview of the chosen plan like premium, plan features, exclusions, additional riders, etc. Click Proceed.
• This will take you to the insurer’s website. You will have to fill in the necessary details to buy the plan.