Star Union Da-ichi Term Insurance Plans

  • Tax Benefit

    Upto Rs. 75000

  • Life Cover Till Age

    99 Years

  • 8 Lakh+

    Happy Customers

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

*Please note that the quotes shown will be from our partners

Star Union Da-ichi Life Insurance Company Limited is a joint venture between Bank of India, Union Bank of India and Da-ichi Life. While Bank of India and Union Bank of India are leading Indian banks, Da-ichi Life is a leading insurance company which is the second largest insurance company of Japan. Da-ichi is among the top 10 global insurers and has great expertise in the insurance sector. 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 Plans 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.

Star Union Da-ichi Term Plans

Star Union Da-ichi Insurance Company currently offers only one type of term insurance plan called the Premier Protection Plan. Let us take a look at the plan and its feature in details.

SUD Life Premier Protection Plan

A term insurance plan to provide life insurance coverage at affordable costs for protection of the family. The features and benefits of the plan are as follows:

  • The premiums under the plan are to be paid for the entire tenure of the plan under the Regular Pay option of premium payment
  • In case of death of the insured, the chosen Sum Assured is paid to the nominee
  • The plan can be customize/d by choosing the available rider called SUD Life Accidental Death and Total & Permanent Disability Rider.
  • Rebates in premiums are allowed for choosing high Sum Assured levels of Rs.1 crore and above
  • Discounts in premiums are also allowed for paying premiums through ECS or SI mode
  • Tax-free claims and premiums make the plan more attractive

Eligibility Details                                                                    




Entry Age

18 years

60 years

Maturity Age


70 years

Policy Term

10 years

30 years

Sum Assured

Rs.25 lakhs

Rs.100 crores

Annual Premium Amount


Depends on coverage, tenure and age

Premium Payment Term

Equal to policy term

Premium Payment Frequency

Yearly, half-yearly or monthly


Sample Premium Rates

The table shows the sample rates of premium for a 35 year old individual.

Sum Assured

Term – 15 years

Term – 20 years

Term – 25 years

Rs.50 lakhs



Rs.10, 600

Rs.1 crore

Rs.14, 000

Rs.16, 100

Rs.19, 000

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.


Written By: PolicyBazaar - Updated: 11 August 2020
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 1 Reviews)
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Star Union Da-ichi Term Insurance Plans Reviews & Ratings
4.3 / 5 (Based on 1 Reviews)
(Showing Newest 1 reviews)
Kota, May 16, 2016
Good Plan
Star union dai-ichi term insurance plan is wonderful with huge benefits like low premiums and the policy coverage is high 85%. Claims are good and the payback amount is around Rs.35 L after the policy get mature. Internet services are great with easy interface and vast variety of policies are there with full descriptions. Good future investment with tax savings. Nice work guys.