Prices Increasing Soon
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 global insurers and has great expertise in the insurance sector.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
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.
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
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.
Your premium is decided on age at which you buy the policy and remains same, throughout your life
Premiums can increase between 4-8% each year after your Birthday
Your policy application could be rejected or premiums increase by 50-100%, if you develop a lifestyle disease
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.
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:
| Minimum | Maximum | |
| 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 | Rs.5000 | Depends on coverage, tenure and age |
| Premium Payment Term | Equal to policy term | |
| Premium Payment Frequency | Yearly, half-yearly or monthly | |
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.8100 | Rs.9150 | Rs.10, 600 |
| Rs.1 crore | Rs.14, 000 | Rs.16, 100 | Rs.19, 000 |
Note: Check all the best term insurance plan in India.
Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/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 38 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.
© Copyright 2008-2025 policybazaar.com. All Rights Reserved
+Rs. 820/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 38 years of age.
+Rs. 1,443/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 38 years of age.
Insurance
Calculators
Payment Methods
Secured With
Follow us on
