Star Union Dai-Ichi Term 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

Term insurance premium calculators help customers understand how much they have to spend in exchange for the life insurance protection they get. Term insurance plans are protection plans intended for the financial security of a person’s dependents following his/her unexpected death. Since there is no maturity benefit available at the end of the policy term, these policies can be bought for a cheap price. The term plans offered by up and coming private insurer, Star Union Dai-Ichi, has plenty of great features to secure the livelihood of the insured’s dependents. The company also offers premium calculators to help its customers choose the right product.

Need for premium calculators

When it comes to term insurance plans, one can have plenty of options in the sum assured amount, policy term, etc. The price of a policy is also influenced by various factors like smoking habits, health history, location, income, etc. This is the main reason why the price of a term plan varies greatly from one person to another. Before investing in a plan, people would like to know the price of a life insurance policy in order to determine whether they have the budget for such investment. Premium calculators help customers with this information and enable them to make proactive financial decisions.

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

The step-by-step instructions for using the term insurance premium calculator offered by Star Union Dai-Ichi are listed as follows:

• Visit the official website of the company at https://www.sudlife.in/
• You can find the policies offered by the company under the section ‘Products’ ? ‘Individual Products’.
• You can click on these plans to know more about the plans offered by the company.
• On the homepage of the website, you can find the ‘premium calculator’ button on the middle of the page.
• Once you click on the ‘premium calculator’, you can visit the page where all the products offered by the company are listed.
• Click on the specific product for which you wish to calculate the premium amount.
• Once the premium calculator is opened, you have to enter your basic details like name, gender, date of birth, email ID, mobile number, state, city, policy term, premium payment term, the desired sum assured amount, rider covers, etc.
• After entering all these details, you can calculate the premium amount for the specific plan and view the illustration for the policy.
• If you are satisfied with the price of the policy, you may go ahead and make the purchase.

Advantages of using a term insurance premium calculator

Some of the advantages of using a term insurance premium calculator are listed as follows:

• Premium calculators provide the price quote for a policy instantly without any hassles. This saves a lot of troubles for both the company as well as customers. Customers don’t have to visit the branch office when they wish to get a price quote for a specific term insurance policy.
• Premium calculators are useful when comparing the prices of multiple policies offered by different insurers. During the research stage, customers search for policies offered by different players in the market. The information provided by premium calculators will help them narrow down their choices and fight the right product that meets their requirements.
• Customers can understand the different factors that influence the price of a product with the help of premium calculators. By understanding these factors, they can improve their product knowledge and do their product search more effectively.
• Premium calculators help companies expand their reach to a large customer base in the country. Customers can find the price information directly and contact the company only if they are interested in buying the product. Moreover, companies can collect information of potential customers and appeal to their needs.

Conclusion

Most financial experts agree that term insurance is a must for everyone irrespective of their age, income, or social status. If you are an earning professional who has dependents, you need to ensure their financial security if anything unexpected happens to you. The level of protection offered by term covers cannot be matched with any other financial products in the market. When you are searching for a term insurance policy, you need a cover that meets your specific requirements. Premium calculators guide you in this process and help you make the most out of a term insurance policy.