Star Union Dai-ichi Life Insurance

Star Union Dai-ichi Life Insurance Company (SUD Life) is an joint venture between Bank of India, Union Bank of India, and the Dai-ichi Life Company of Japan, which is a global leader in life insurance. Founded in 2009, it provides insurance cover to millions of customers across the country through its large network of over 20,000 branches of banks. They also provide a range of life insurance products catering to protection, savings, investment, and retirement requirements. With the strength and knowledge of its promoters, SUD Life aims to make insurance and financial security a reality for the masses in the country.

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Star Union Dai Ichi Life Insurance: Policy Details, Premium & Benefits

Star Union Dai-ichi Life Insurance

Star Union Dai-ichi Life Insurance Company (SUD Life) is an joint venture between Bank of India, Union Bank of India, and the Dai-ichi Life Company of Japan, which is a global leader in life insurance. Founded in 2009, it provides insurance cover to millions of customers across the country through its large network of over 20,000 branches of banks. They also provide a range of life insurance products catering to protection, savings, investment, and retirement requirements. With the strength and knowledge of its promoters, SUD Life aims to make insurance and financial security a reality for the masses in the country.

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Insurer Highlights
  • Claim Settlement Ratio

    98.84

  • No. of Branches

    171 Branches

  • Claim Settlement Promise

    0

Why Buy Star Union Dai-ichi Life Insurance?

Star Union Dai-ichi Life Insurance offers a variety of protection, savings, and investment plans to protect your family's future and help you achieve financial security. Here's why choosing a Life Insurance policy from Star Union Dai-ichi is a smart decision:

98.84% Claims settled till 31st March 2025.
Rs. 8,260 Crore Gross Premium collected up to 31st March 2025, indicating excellent financial performance.
1.38 crore lives covered under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
One of the fastest-growing life insurance providers in India with a rapidly increasing customer base.
Supported by Bank of India, Union Bank of India, Dai-ichi Life Japan – bringing global knowledge with Indian roots.
PAN India presence with 20,000+ bank branches to ensure easy accessibility and servicing in rural as well as urban India.
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Star Union Dai-ichi Life Insurance Plans

The Star Union Dai-ichi Life Insurance Company offers a range of insurance plans to cater to the diverse needs of its policyholders. Let's look at the term plans offered by Star Union Dai-ichi Life Insurance Company:

What Are The Star Union Dai-ichi Life Insurance Riders?

You can add riders to your main life insurance policy from Star Union Dai-ichi Life Insurance to get more coverage. These extras cover things like terminal illness, accidental death, and total permanent disability. In some cases, they can even waive future premiums. Adding these riders for a small extra cost can make your life insurance plan stronger and give your family more protection against unexpected events.

What Are The Critical Illnesses Covered Under Star Union Dai-ichi Life Insurance Plans?

Star Union Dai-ichi Life Insurance provides financial protection against several serious health conditions, such as heart disease, stroke, kidney failure, and certain stages of cancer. With a Critical Illness Rider on your life insurance policy, you are able to receive a lump sum payout should you be diagnosed with any of the illnesses that are covered in the rider. This will help you deal with any medical costs that you may have incurred.

How Much Cover Do I Need?

Human Life Value (HLV) assists in calculating the right amount of life insurance coverage to provide for your family’s financial requirements in any unfortunate event. The general rule of thumb is to have a life insurance cover of 10-15 times your annual income.

For instance, if Rakesh, who is currently 28 years old, is earning an annual income of ₹7 lakhs, his optimal life insurance cover would be around ₹1.75 crores.

Star Union Dai-ichi Life provides a Human Life Value Calculator which will assist you in calculating the adequate amount of life insurance to be taken by considering your age and income.

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Choose the Right Sum Assured Option

The right life cover can help your family take care of their financial needs and obligations in the event of your untimely demise and pay off any remaining loans and debts. Here is a list of sum assured options that might be the right choice for you and your family.

Star Union Dai-ichi1 Crore
Term Insurance
Star Union Dai-ichi2 Crore
Term Insurance
Star Union Dai-ichi5 Crore
Term Insurance
Star Union Dai-ichi75 Lac
Term Insurance
Star Union Dai-ichi70 Lac
Term Insurance
Star Union Dai-ichi50 Lac
Term Insurance

Term Insurance Premium Calculator

Our term life insurance calculator in india can help you calculate the following:

Star Union Dai-ichi Life Insurance Plans

Star Union Dai-ichi Life Insurance provides various types of life insurance plans for the provision of financial security, long-term savings, and wealth generation options. These plans are designed to meet various needs in relation to one's entire lifespan, such as the need for protection of loved ones, education of children, retirement, and growth of investments, among others, and are designed in a way that guarantees financial security for all loved ones in the event of the policy owner’s absence.

Star Union Dai-Ichi Term Insurance Plans

Plan Nane Entry Age: Max. Maturity Age
SUD Life Saral Jeevan Bima 18 to 65 years 70 years
SUD Life e-Lifeline Term Insurance Plan 18 to 60 years 70 years
SUD Life Simple Term Plan 18-45 years 55 years
SUD Life Smart Term Plan 18 to 65 years 85 years

Star Unio Dai-Ichi ULIP Plans

Plan Nane Entry Age: Max. Maturity Age
SUD Life Star TULIP 18 to 55 years 85 years
SUD Life E-Wealth Royale 30 days to 55 years 75 years
SUD Life Wealth Creator 8 to 55 years
SUD Life Wealth Builder Plan 8 to 69 years 70 years
SUD Life International Wealth Creator 18 to 60 years 75 years

Star Unio Dai-Ichi Retirement Plans

Plan Nane Entry Age: Max. Vesting Age
SUD Life Immediate Annuity Plus 0 to 99 years NA
SUD Life Saral Pension 50 to 80 years NA
SUD Life Retirement Royale 25 to 65 years 80 years
SUD Life Pension Plus 25 to 60 years 80 years
SUD Life Smart Guaranteed Pension Plan 30 to 60 years 70 years

Star Unio Dai-Ichi Child Plans

Plan Nane Entry Age: Max. Maturity Age
SUD Life Fortune Royale 30 days- 55 years 80 years
SUD Life Century Gold 0 Year 91 Days to 60 years 80 years
SUD Life Fortune Plus 5 to 55 years 90 years

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

Benefits of Buying a Star Union Dai-Ichi Life Insurance Policy

  • Comprehensive Product Range: The company provides products such as term insurance and savings plans, ULIPs, child, and retirement solutions that fit different life goals and financial stages.

  • Trusted Promoters: Founded by the Bank of India, Union Bank of India, and Dai-ichi Life Japan with experience from the Indian banking industry and the world of insurance.

  • Customer-Centric Claim Process: Convenient claim intimation made easy at branches, via phone, or web, with periodic updates until conclusion.

  • Digital Convenience: Benefit access to advanced calculators, comparison of plans online, and self-service plan management facilities..

  • Holistic Support for Well-Being: The “SUD Life, You Matter” initiative of SUD Life is more than a normal insurance initiative because it addresses overall well-being. It gives advice on overall well-being, such as mental, physical, or financial well-being.

  • Wide Reach & Comprehensive Range of Products: SUD Life satisfies the insurance requirements of more than 15 million customers through 20,000 bank branches across the nation, including 1,900 rural branches. The products are developed to cater to the requirements of various market segments, representing the collective experience of the promoters of the company for 100 years.

one crore term plan

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%#

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

How to Buy Star Union Dai-ichi Life Insurance Plans?

Step 1: Go to the official SUD Life website.

Step 2: Choose the plan you want to buy and click on the "Buy Online" button.

Step 3: You need to click the "Buy Now" button now. After that, you need to give some basic information, like your name, phone number, and email address.

Step 4: Give more information, like age, gender, income, where you live, or the names of the nominees.

Step 5: Fill out the form and check that all the information is correct. Then, pay the premium online.

Step 6: After you have successfully completed the payment process, you will be able to get your policy documents by email to the address you used to sign up.

Claim Settlement Process of Star Union Dai-ichi Life Insurance

Step 1: Claim Intimation
Notify SUD Life about the claim through any of the following channels:

  • Online: To initiate the process, visit the Claim Intimation Portal on the official website.

  • Phone: Call 1800-266-8833 (Monday to Saturday, 9 AM to 7 PM).

  • Email: Send details to customercare@sudlife.in.

  • In-Person: Visit your nearest SUD Life branch.

Step 2: Submit Necessary Documents
Provide all required documents, which may include:

  • Claim form (e.g., Individual Death Claim Form)

  • Death certificate

  • Policy documents

  • Identity and address proofs

  • Medical records (if applicable)

Step 3: Processing of Claims:

The SUD Life will look over the papers you sent in and move forward with the claim. To make sure the facts are correct, the process may need to follow certain steps.

Step 4: Settlement:

After the verification process has been completed, the claimed amount will be transferred into the nominee's bank account. This will be done on the basis of the policy's terms and conditions, which also requires a reasonable amount of time.

Life Insurer Details

How to Pay Your Star Union Dai-ichi Life Insurance Premium?

Step 1: Visit the SUD Life Premium Payment Portal.

Step 2: To access your payment details, enter your policy number or registered mobile number and date of birth.

Step 3: Choose your preferred payment mode:

  • Online Payment: Pay instantly via debit/credit card or net banking.

  • Auto Pay Registration: Set up recurring payments through your bank account or card for hassle-free renewals.

  • Customer Portal: Log in to view policy details and make payments.

  • Cheque/DD: Pay by cheque or demand draft payable to "Star Union Dai-ichi Life Insurance Co Ltd."

  • Branch Payment: Visit any SUD Life branch to pay your premium in person.

Step 4: Complete the payment process and save the receipt for your records.

How to Contact Star Union Dai-ichi Life Insurance

  • Toll-Free Helpline
    Call 1800 266 8833 (Monday to Saturday, 9 AM – 7 PM) for queries about policies, premiums, or claims.

  • Email Support
    Write to customercare@sudlife.in for assistance with policy information, document requests, or claim follow-ups.

  • WhatsApp Assistance
    Chat on +91 7208 867122 by sending a “Hi” to get instant support and updates on your policy.

  • Branch Visits
    Locate your nearest branch through the Branch Locator and visit for personalized help.

  • Registered Office
    Star Union Dai-ichi Life Insurance Co. Ltd.
    11th Floor, Vishwaroop IT Park, Plot No. 34, 35 & 38, Sector 30A of IIP, Vashi, Navi Mumbai – 400 703.
    Tel: +91 22 7196 6200

FAQs

  • Q: 1. What is Star Union Dai-Ichi Life Insurance?

    Ans: Star Union Dai-Ichi Life Insurance operates in India, offering a range of life insurance policies that include term insurance plans, savings and investment plans, retirement plans, and health riders. The company uses Japanese know-how and collaboration with banks in India for effective implementation of insurance plans.
  • Q: 2. How do I check my policy status with SUD Life?

    Ans: To verify the status of the Star Union Dai-Ichi Life Insurance policy online, you can visit the website of the SUD Life itself. You just need to fill in the policy number and registered login ID in order to access the information. You can also opt for the customer care services and visit the nearby SUD Life outlet.
  • Q: 3. What is the surrender value of a SUD Life insurance policy?

    Ans: Surrender Value: This is the amount that the policyholder will get if they want to withdraw from the policy before its maturity dates. For most of the SUD Life policies, the surrender value depends on the type of policy that the individual holds, the premiums that they have been paying, as well as the duration of the policy. This can be determined using the SUD Life online calculator.
  • Q: 4. Is Star Union Dai-Ichi Life Insurance a private company or government-owned?

    Ans: Star Union Dai-Ichi Life Insurance is a joint sector company operated by the Indian government-owned Bank of India and Union Bank of India, and the private group in Japan, Dai-ichi Life Insurance. Therefore, Star Union Dai-Ichi Life Insurance is jointly government-owned and private-owned.

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar 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

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.

Types of term plans

Policybazaar offers the following types of term insurance plans to fit the different needs of Individuals from all walks of life.

Choose Term Insurance Plan as per you need

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