Star Union Dai-ichi Life (SUD Life) Insurance is collaboration between Union Bank of India, Bank of India, and Dai-ichi Life Holdings, Japan. They provide easy to access and unique insurance products, not only for individuals but also for groups. They cater to a diverse group of people coming from different sections of the society and geographies, emphasizing the rural areas.Read more
With a range of plans that help the plan holder provide financial support to their family, plan their child’s future, save for their retirement or maximize their wealth, SUD Life acts as a one-stop solution for all insurance requirements of an individual.
SUD Life offers affordable term plans known as protection plans at attractive premium rates. To select the most suitable plan as per their needs, policy seekers can use the SUD Life Insurance Premium Calculator. It offers an easy and straightforward way to determine the premium amount to be paid to avail of desired policy benefits.
SUD Life Insurance Premium Calculator is a hassle-free and easily accessible online tool that is beneficial to use before investing for the following reasons:
A policy seeker just needs to follow a few basic steps to get premium quotes for their desired protection plan by using the SUD Life Insurance Premium Calculator. They need to visit the official website of SUD Life Insurance and locate the Premium Calculator tab on the homepage. They would then be asked to select the specific plan they wish to purchase from all the insurance plans offered by the company. After making the selection, they can use the Premium Calculator by following these steps:
Step 1: Enter Basic Information
They need to input their details like name, gender, date of birth, age, email ID, mobile number, smoking habits, and location
Step 2: Provide Product Information
They need to select their desired policy parameters like the sum assured, policy term, premium payment term, payment mode, benefit option, payout option, and rider option.
Step 3: Check Premium Quotes
Once the required details are filled in, they can view the summary of their premium estimate or generate a benefit illustration that shows year-wise premiums and detailed policy benefits. If the estimate does not match their budget, they can alter their policy parameters or try out different plans.
Step 4: Buy the Policy
Suppose they are satisfied with the premium amount they need to pay in exchange for the desired policy benefits. In that case, they can purchase to safeguard their family's financial future against any unforeseen events.
The key advantages of using the SUD Life Insurance Premium Calculator are as follows:
Policy seekers no longer have to rely on insurers and their complex algorithms to get their premium quotes. SUD Life Insurance Premium Calculator uses simple algorithms that help them find the policy price easily.
Different insurance plans are designed keeping in mind the needs of different individuals. Selecting a policy that matches their budget and financial goals is considered a challenging job by a policy seeker. The SUD Life Premium Calculator helps them determine the amount they can earn by investing in different plans. This helps them select the perfect plan as per their requirements.
SUD Life Premium Calculator provides the premium quotes for the desired policy plan instantly once the necessary details are entered. Customers save a lot of time and effort as they do not need to make manual calculations or stand in queues for submitting documents to determine a plan's premium.
One can easily determine the premium they require to pay to get the needed life cover by using the SUD Life Premium Calculator. This would help them plan and effectively save their finances.
Using this, customers can select from multiple coverage amount options as per their budget within a specific plan. This will help them identify if their investment goals are sufficient to meet their protection needs.
It is a free online tool that prompts policy seekers to buy their life cover online. As lower premium rates are offered online, this would further help them save their money.
A Life Insurance Plan is the simplest form of financial protection, effective for a limited period known as the policy term. As per this policy, the insurer would be liable to pay the lump-sum amount to the nominee if the insured dies during the term of the contract.
The various benefits offered by SUD Life Term Insurance Plans are:
"Tax benefit is subject to changes in tax laws. Standard T&C apply."
SUD Life offers a range of Protection plans at attractive premium rates. While buying an insurance policy, the individual needs to pay a specific amount known as Term Insurance Premium Rates. Different individuals get different premium rates and are calculated based on:
Along with this, the mortality rate, investment earnings, and lapse rate are also considered while determining the gross premium amount for an insurance plan.