SUD Term Insurance
  • Flexible payment options
  • Robust branch network
  • 9.2 million happy customers
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*

Gender

Age

SUD Life Term Insurance: Overview

Star Union Dai-Ichi Life Insurance offers 3 term insurance plans to suit your different needs: Saral Jeevan Bima, Life Protect Shield, and Life Protect Shield Plus. These plans protect your family's financial future if you pass away untimely during the policy term.

SUD Life Term Plans are designed to protect your family financially even in your absence. It is a reputed and trusted name in the insurance sector. SUD Life Term Plans offer a range of benefits including affordable premiums, high sum assured, flexible payout options, longer coverage, etc. These plans come with additional rider benefits including Accidental Death and Total and Permanent Disability Rider and Family Income Benefit Rider. You can choose a life cover ranging from 5 lakhs to 5 crores as per your financial needs and requirements.

What are some of the
Benefits
that set them apart?

  • Stay Protected with a life cover.

  • Get back all your premiums at maturity.

  • Protection against 40 critical illnesses.

  • Tax benefits.

  • High cover at affordable premiums.

  • Multiple premium payment term options.

  • Get an extra payout with additional riders.

  1. Solvency Ratio
    2.2
  2. Claim Settlement Ratio
    97.42%
  3. Annual Premium
    Rs 5746.37 Cr
  4. Branches
    11k branches

Riders You Can Avail With SUD Term Insurance Plans

SUD Life Accidental Death and Total & Permanent Disability Benefit Rider

Get an extra payout on top of the base cover for up to 180 days upon death due to an accident or accidental total & permanent disability.

SUD Life Family Income Benefit Rider

1% of the sum assured is offered for a rider term or 10 years as family income in case of accidental death, disability, or diagnosis of any of 11 critical illnesses.

 

SUD Life Critical Illness Rider

Benefits are offered to the nominee in case of the policyholder’s demise due to any of 11 critical illnesses.

 

Benefits of SUD Term Insurance

SUD Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose SUD Term Insurance Plans:

Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Additional Benefits Offered By SUD Plans

The features and additional benefits of the Star Union Dai-Ichi Life Term Insurance plans are as follows:

Return of Premium

Once the life assured outlives till the end of the policy term, the policyholder gets the survival benefits sum in the form of return of premiums.

Critical Illness Benefit

On critical illness diagnosis, the insurer will pay a lump sum of 100% of the critical illness sum assured. Additionally, your future premiums will be waived, and the policy will continue until maturity or death, whichever is earlier.

Choice of Multiple Premium Payment Term

SUD Life Insurance offers 3 premium payment term options for term insurance plans, including:

Single pay: Pay the entire premium in a single pay at policy inception.
Regular pay: Pay premiums throughout the policy term till maturity.
Limited pay: Pay the premium for a limited period.

Add-on Rider 

SUD Life Insurance offers optional rider benefits in its term insurance plans. Riders can be added to a term insurance policy to enhance the base sum assured amount and protect against specific conditions. 

Choice of policy term

SUD Term Plans offer policyholders to choose the policy term that best fits their requirements.

Types of SUD Term Plans

To choose the best plan to secure your family's financial future, you must understand the types of term insurance offered by SUD Life Insurance. Each plan comes with its own set of benefits and features.

Basic Term Plan

Plan Name: SUD Life Saral Jeevan Bima or SUD Life Protect Shield Plus

These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.

Term Plan with Return of Premium

Plan Name: SUD Life Protect Shield

These plans give the premium amount back to the policyholders only if they survive the policy term.

Term Insurance with Critical Illness

Plan Name: SUD Life Protect Shield 

These plans offer inbuilt coverage against critical illnesses.

Documents Required to Buy SUD Term Insurance Policy

Here are the documents required to buy a SUD Term Insurance Policy:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy a SUD Term Insurance Plan?

You can buy the SUD Term Insurance policy from Policyx.com or the SUD Term Insurance website.

Life Insurance
  • Step 1

    Fill out the form given at the top of this page with the necessary details.

  • Step 2

    Select your income and city. Click on 'Proceed'.

  • Step 3

    Update your education and occupation details.

  • Step 4

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 5

    Select the policy term, premium period, and riders (if required), and then proceed to make the payment.

Life Insurance
  • Step 1

    Visit SUD Life Insurance's official website.

  • Step 2

    Take your cursor to the 'Buy Now' section.

  • Step 3

    On the drop-down menu, click on the term plan.

  • Step 4

    Fill in the required details and click on proceed.

  • Step 5

    The premium will appear on your screen.

  • Step 6

    Click on the payment section and select a payment option.

  • Step 7

    You can pay via Net Banking, Debit, or Credit Card.

  • Step 8

    Once the transaction is complete, you'll receive a soft copy of the policy via email.

Why Choose PolicyX.com?

Don't just take our word for it - check out what our happy customers say about us!

Seamless Support During Claim Settlement

I bought a health insurance policy from PolicyX, but all my claims were rejected for three years. I complained to the insurer and tried to resolve it on my own, but they still refused to settle my claims. Then, I received a text from Munish at PolicyX, who noticed that my claims hadn't been settled. PolicyX team fought for me and managed to get my claims settled, totalling ₹4,50,000. I really appreciate the efforts of the PolicyX team, especially Munish, for their support in settling my claims.

How to File a SUD Term Insurance Plan Claim

You can easily initiate the claim settlement process for SUD Life term plans either online or offline ways. Check out the explained process below to understand the claim process thoroughly:

Online Process

Your Occupation
1

Claim Reporting

The nominee should inform the insurance company about life-insured death as soon as possible and submit the filled-out SUD term insurance claims form with all the required documents attached.

Your Occupation
2

Claim Review

Once you submit the request, the insurance company will verify the documents and contact the beneficiaries using the given contact details for further processing.

Your Occupation
3

Claim Approval and Settlement

Once they verify the documents, the insurer will start the claim process. The insurer will credit the claim amount to a nominee-registered bank account. As per the IRDAI, your claim will be settled within 30 days of raising the claim.

Offline Process

To initiate an offline SUD Life term plan claim settlement procedure, visit your nearest SUD Life Insurance branch office. Submit a duly filled claim form along with the required documents to a helpdesk. Star Union Dai-ichi Life Insurance claims department processes the claim once they verify the documents. However, you can easily locate the nearest branch office using the SUD branch locator.

Your Occupation
Life Insurance

More Queries?

If you have any more queries regarding SUD Term Insurance Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

SUD Life Term Insurance: FAQs

1. How many types of term plans are offered by SUD Life Insurance?

SUD Life Insurance offers three types of term plans- Saral Jeevan Bima, Protect Shield, and Protect Shield Plus.

2. How to buy a SUD Life term plan?

You can buy a SUD Life term plan by visiting the official website of SUD Life, from PolicyX.com or an insurance agent.

3. How to contact SUD Life Insurance?

You can contact SUD Life Insurance by calling 1800 266 8833, sending an email to customercare@sudlife.in, or sending a WhatsApp message to 7208867122.

4. What additional riders does SUD Life offer to their customers?

SUD Life offers two additional riders for their customer to choose from- SUD Life Accidental Death & Total & Permanent Disability Benefit Rider and SUD Life Family Income Benefit Rider.

5. What is the claim settlement ratio of SUD Life?

As per IRDAI reports 2022-23 SUD Life has a claim settlement ratio of 97.42%.

Other Term Insurance Companies

Share your Valuable Feedback

Rating Icon

4.6

Rated by 858 customers

Was the Information Helpful?

Select Your Rating

We would like to hear from you

Let us know about your experience or any feedback that might help us serve you better in future.

Reviews and Ratings