Star Union Dai-ichi Premier Protection Plan

Star Union Dai-ichi Premier Protection Plan is a simple pure term plan that offers protection for policyholders’ family and loved ones in case of the premature death of the life assured. With affordable premium rates and the option of lengthy policy terms, this plan is ideal for those looking to secure their families financially from unforeseen circumstances.

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Get ₹1 Cr. Life Cover at just ₹449/month+
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers

+Tax benefit is subject to changes in tax laws.

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

Get ₹1 Cr. Life Cover at just ₹449/month+
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 Key Features

  • The policy provides long-term savings for a period of ten to thirty years.
  • The policy provides the flexibility to choose the length of the policy term, payment mode as well as affordable premium rates.
  • Since the minimum sum assured is twenty-five lakhs this policy caters to those people who require a high life cover.
  • A financial provision in the form of the Death Benefit is made for the family members of the life assured in the unhappy event of his or her demise.


  • A Tax benefit is available on the purchase of the policy under sections 80(C) and 10 (10D) of the Income Tax Act.
  • In the unfortunate event of the death of the Life Insured, his or her loved ones receive a Death Benefit with the sum assured being paid to them immediately.
  • Policyholders can enjoy premium rebates if they opt for higher sum assured.
  • Special rebates are available where the monthly mode of payment is chosen.

Product Specification:




Entry Age (Last Birthday)

18 years

60 years

Maturity Age (Last Birthday)


70 years

Policy Term (PT) in years

10 years

30 years

Premium Paying Term (PPT) in years

Equal to Policy Term

Premium Paying Frequency

Yearly, Half-yearly, Monthly (ECS/SI)

Yearly Premium

Yearly: Rs. 5000, Half-yearly:2500, Monthly: 500

Rs. 17,999

Sum Assured

(Sum Assured is available in multiples of Rs.10,000)

Rs. 25 lakhs

Rs. 100 crore

Details About Premium

Annual premium in Rupees

Premiums payable by a healthy 35 year old

Sum Assured (Rs.)

Policy Term (Years)




Annual Premiums (Rs.)









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.
  • Policy Termination or Surrender Benefit: This policy does not offer Surrender Value. The policy lapses after the end of the Grace Period from the due date of the first unpaid premium. Benefits are not available once the policy has lapsed.
  • 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. If the policyholder does not wish to continue with the policy, then he or she has to return the policy stating their objections. The premium that was paid will be refunded minus a proportionate premium for the risk borne by the company, including as any extra expenses, such as towards a medical examination or stamp duty charges.

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 first unpaid premium. Sufficient evidence of insurability has to be provided to the company, and all due premiums and interest accumulated have to be paid at the time of reinstatement. The cost of any medical examination has to be borne by the policyholder.


  • The company will screen people who work in hazardous environments or will offer the policy at higher premium rates corresponding to the higher life risk.  
  •  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 or revival of the policy. The company will refund only 80% of the premiums received to the nominee.

Documents Required

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

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