• Star Union Dai-Ichi Health Plans

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    Health Plans from Star Union Dai-Ichi are designed to provide coverage against several critical and noncritical illness. Though these plans looks like health insurance plans at first glance, the coverage and the features that come with the plan are entirely different from one another. While health insurance policies cover the cost of treatment, these health plans offer a payout if the person insured is diagnosed with a critical illness.

    These health plans were brought to fruition by the partnership between Bank of India, Union Bank of India, and Dai Ichi - a Japanese insurance giant. The company, with the shareholders’ prowess in their respective sectors have engineered a unique category of products which aren’t available in the Indian market yet.

    Benefits of Star Union Dai-Ichi Health Plans

    • Health plans from Star Union Dai-Ichi offers protection against 40 different critical illnesses.
    • They return the premiums once the policy reaches its maturity age.
    • The plans provide guaranteed returns when a person insured is diagnosed with a critical condition.
    • The health plans offer benefit such that the money can moderately compensate the in times of any financial exigencies or loss of regular income.

    List of Health Plans offered by Star Union Dai-Ichi

    Star Union Dai-Ichi currently has just one health plan in its roster with a few more expected to come in the near future.

    SUD Life Aarogyam

    Financial problems go hand in hand with the occurrence of a major critical illness. Keeping this in mind, the Aarogyam plan from Star Union Dai-Ichi promises some much-need financial reinforcements for the person insured and their family members. Here are the benefits this plan comes with:

    • The Aarogyam plan comes with a 10-year policy term
    • The plan offers protection against 40 different critical illnesses Blindness, Alzheimer’s Disease, Brain Surgery, Liver Diseases and several others.
    • The plan provides 25% additional cover in case a person is diagnosed with Angioplasty.
    • Policyholders receive a guaranteed sum if and when they are diagnosed with a critical health condition.
    • The plan returns 100% of the premiums upon maturity of the policy.
    • The plan offers a discount if a person chooses for a higher sum assured.
    • Female policyholders can take advantage of lower premiums when they buy the policy.
    • Payouts offered under this policy are as follows:
      1. Maturity Benefit: When the policy reaches maturity age, which is 10 years from the time of commencement, all the premiums paid will be returned minus GST and any additional premiums the person insured had opted to pay for. Note that, the premiums will only be returned if no claim is made. Once the payout is done, the policy will no longer remain active.
      2. Critical Illness Benefit: There are two payouts available under this category. They are:
        • 100% of the sum assured will be paid to be person insured in case he/she is diagnosed with a critical illness.
        • 25% of the sum assured will be paid on an Angioplasty procedure provided that the maximum is Rs.10 lakh.
    Plan Name Entry Age (in years) Maturity Age (in years) Premiums
    SUD Life Aarogyam 18 years 65 years Depends on the sum assured chosen by the policyholder

    Why you should buy Health Plans from Star Union Dai-Ichi?

    Having started operations in the early 2000s, Star Union Dai-Ichi has been one of the most popular insurance companies in the country. Here are a few reasons why you should invest in health plans from the company:

    • Commendable claim settlement ratio: Since the company started business, Star Union Dai-Ichi has had a commendable claim settlement ratios in the industry. Over the last 6 years, SUD’s settlement ratio has been on the upwards of 80% with the numbers recorded at 81%, 86%, 91%, 93%, 94%, 81% in 2010-11, 2011-12, 2012-13, 2013-14, 2014-15, 2015-16 respectively. The date, which was provided by Insurance Regulatory and Development Authority of India (IRDAI) suggest that the firm has settled claims worth Rs.32.5 crores in the previous financial year alone.
    • Constantly growing network: At the time of writing this page, the company claims to have over 11,000 branches around the country and caters to over 64 million customers. Besides, the insurer has 1950 offices in rural areas alone, making it more accessible for people from various cities, town, and villages in India.
    • Never-seen before product offering: The insurance industry has seen health insurance plans and life insurance plans but never has it seen a health plan that works like a life insurance plan. These plans offer a sum assured if a person insured is diagnosed with a critical illness, which is one of the first-ever product of its kind.

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