Star Union Dai-Ichi Life Wealth Builder Plan is a non-participating unit linked single premium life insurance plan offered by Star Union Dai-ichi Life Insurance Company Limited. With this ULIP, you can get excellent life cover and build your wealth with a one-time investment.
Eligibility - Who is the Star Union Dai-Ichi Life Wealth Builder Plan for?
|Entry age||8 to 60 years|
|Maturity age||18 to 70 years|
Sum Assured and Premium Range - What you get and what it costs?
|Policy Term||5 to 30 years|
|Premium||Rs.1 lakh to Rs.100 crore|
|Premium Paying Term||Single|
Premiums may vary depending upon factors like age, location, term of the plan and prevailing GST.
Plan Coverage - What the Star Union Dai-Ichi Life Wealth Builder Plan covers?
This is how Star Union Dai-Ichi Life Wealth Builder Plan works:
|Fund name||Investment objective||Asset category||Risk profile|
|Blue-Chip Equity Fund||Long-term capital appreciation by investing in equity, preference shares and convertible debentures||
|Growth Plus Fund||Medium to long-term capital appreciation by investing in equity, preference shares and convertible debentures, debt, and money market instruments||
||Medium to high|
|Balanced Plus Fund||Optimise returns over medium to long term through investment in high-quality equity and debt instruments||
||Low to medium|
|Income Fund||Stable returns over medium to long term by a mix of investments in Government Securities, high-quality corporate debt, and Money Market Instruments||
||Low to medium|
Exclusions - What the Star Union Dai-Ichi Life Wealth Builder Plan doesn’t cover?
The Star Union Dai-Ichi Life Wealth Builder Plan doesn't cover death by suicide of the life insured. In the case of death by suicide within 1 year from the date of policy inception, fund value of the policy till the date of death is payable to the beneficiary.
Other Key Features – Free-look Period, Surrender Values, Grace Period etc.
Tax Benefits – How you can save with the Star Union Dai-Ichi Life Wealth Builder Plan?
Under the Star Union Dai-Ichi Life Wealth Builder Plan, you can get tax benefits on:
Other Benefits – How you can save with the Star Union Dai-Ichi Life Wealth Builder Plan?
There are several other benefits of purchasing ULIPs from Star Union Dai-ichi Life Insurance Company Limited such as:
With the Star Union Dai-Ichi Life Wealth Builder Plan, you get life cover protection and wealth creation. You can increase your investment with the top-up option, meet urgent financial requirements through partial withdrawals, and switch between funds for complete control on your investment. Star Union Dai-ichi Life Insurance Company Limited provides customised insurance solutions to satisfy the needs of its customers. The Claims Settlement Ratio of the company in FY 2015-16 was 81%. The company was awarded the Best Life Insurance Company in Private Sector and the Company with Highest Claims Settlement at the BFSI Awards in 2015.
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