The Star Union Dai-Ichi (SUD) Life Critical illness rider is an additional coverage provided to policyholders to cover critical illnesses. This is not an independent policy but it is an add-on to the base policy plan. It is meant to provide additional financial support to the insured in case he/she is affected by any one of the nine critical diseases specified in SUD Life’s brochure.
|Entry age (minimum):||18 years last birthday|
|Entry age (maximum):||55 years age last birthday|
|Premium paying term (Minimum):||5 years|
|Maximum age upto which cover is granted:||60 years|
|Term of paying premium:||5 to 42 years (Depending on base plan)|
Sum Assured The guaranteed amount of money that you or your nominee is entitled to receive after a course of time, is called the sum assured.
|Basic sum assured (Minimum)||Basic sum assured (Maximum)|
Under each of the riders attached to a base policy, the maximum sum assured is limited to 50% of the sum assured under the base plan. It is also subject to the condition that the premiums paid for all the riders collectively, should not exceed 30% of the premium for the base plan.
The value for premiums is not set. The premiums for riders are mostly dependent on the sum assured.
*Premiums vary based on age, location, plan term and other factors
The basic sum assured under this rider plan will be paid if the life insured is diagnosed with one of the following diseases:
The Critical Illness Benefit Rider Plan provides the benefits while the base policy is in force and the 30-day survival period between the diagnosis of a critical disease and eligibility* for a benefit payment is maintained. The maximum sum assured is restricted to Rs.20 lakh across all policies, except for Multiple Sclerosis, where the maximum benefit amount will be Rs.10 lakh.
*However, there are certain exclusions listed in the brochure for each of the above ailments where the claims will not be entertained.
The claims occurring (directly or indirectly) due to any of the following will not be paid under the benefits of the rider:
The Star Union Dai-Ichi Critical Illness Rider assures financial help for an insured in case he/she is diagnosed with one of the listed critical diseases. The company has received a number of awards for their exemplary service in this sector. The company’s efficient customer care is very helpful and allows hassle-free claims and grievances settlement. Claims settled by Star Union Dai-Ichi for the year 2016-17 was 84.5% and the grievances settlement ratio was 100% for the same period of time.
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