Star Union Dai-Ichi Life Insurance Premium Calculator

• Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
• Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
• Do more with plans that offer pure protection, retirement planning and investment option

Life insurance companies offer premium calculators to help their customers plan their finances more effectively. Since there are different types of life insurance plans available in the market, it is essential to choose the right plan that meets your specific requirements. Star Union Dai-Ichi is currently one of the major up and coming companies in the life insurance industry. The company has a strong lineup of life insurance products, which include term insurance plans, endowment plans, ULIPs, retirement plans, child plans, savings plans, etc. If you are interested in buying one of these plans, you can use the premium calculators available on the company website to plan your finances.

Need for premium calculators

When it comes to life insurance, there is no one-size-fits-all solution for everyone. This is the reason why customers must do a lot of research if they wish to find the right life insurance plan suitable for them. Savings-oriented life insurance plans combine the benefits of both insurance and investment under a single policy. Before investing in these plans, customers like to know how much they can get as maturity benefits. Premium calculators help them find out how much they can get from a policy. In this way, they can adjust their investments according to their affordable budget and meet their specific investment goals.

How to use Star Union Dai-Ichi Life Insurance Premium Calculator

The step-by-step instructions for using the Star Union Dai-Ichi Life Insurance Premium Calculator are listed as follows:

• Visit the official website of the company at https://www.sudlife.in/.
• The life insurance plans offered by the company can be found in the section ‘products’.
• On the homepage, you can find the premium calculator link below the banner.
• Once you click on this link, you will be taken to a page that has all the products offered by the company.
• Choose the specific plan you wish to purchase in order to use the premium calculator.
• After choosing the plan, you can open the premium calculator page for the specific plan.
• On the premium calculator page, enter your basic details like name, gender, date of birth, mobile number, email ID, location, policy term, premium payment term, payment mode, etc.
• After entering all these details, you can find out how much you have to pay as premiums for the specific plan.
• After checking the detailed illustration, you may go ahead and buy the policy if you are satisfied with its price and other features.

Advantages of using Star Union Dai-Ichi Life Insurance Premium Calculator

Some of the advantages of using Star Union Dai-Ichi Life Insurance Premium Calculator are listed as follows:

• Life insurers use complex algorithms to provide customised price quotes for interested customers. Premium calculators simplify these algorithms and help customers find out the price of a product instantly. By making the process simple, insurers can help customers find out the right product that suits their requirements.
• Customers can benefit by saving a lot of time and effort when they use premium calculators. Information for most of these life insurance plans is available online. Customers can check the price instantly along with this information and decide whether or not to buy a specific life cover.
• It is possible for customers to improve their knowledge about life insurance products with the help of premium calculators. Since there are different types of investment-oriented life insurance plans, customers can know how much they can earn by investing in a specific plan.
• Premium calculators are used as marketing tools by various companies. Using these tools, companies appeal to customers who don’t have much knowledge about life insurance plans. By illustrating the benefits of a plan, they help customers understand how much they can get out of a life insurance plan.

Conclusion

With the help of premium calculators, customers can proactively plan their finances and get the right coverage within their budget. Even within a specific plan, customers can get multiple options for sum assured amount based on their need. Premium calculators help them identify the right coverage amount based on their protection needs and investment goals. Hence, it is a good idea to use premium calculators to try out different options before purchasing a specific life insurance policy.