SUD Term Insurance
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| Name of the rider | Benefits |
| 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 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:
The features and additional benefits of the Star Union Dai-Ichi Life Term Insurance plans are as follows:
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.
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.
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.
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.
SUD Term Plans offer policyholders to choose the policy term that best fits their requirements.
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.
These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.
These plans give the premium amount back to the policyholders only if they survive the policy term.
These plans offer inbuilt coverage against critical illnesses.
Here are the documents required to buy a SUD Term Insurance Policy:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
You can buy the SUD Term Insurance policy from Policyx.com or the SUD Term Insurance website.
Fill out the form given at the top of this page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, and riders (if required), and then proceed to make the payment.
Visit SUD Life Insurance's official website.
Take your cursor to the 'Buy Now' section.
On the drop-down menu, click on the term plan.
Fill in the required details and click on proceed.
The premium will appear on your screen.
Click on the payment section and select a payment option.
You can pay via Net Banking, Debit, or Credit Card.
Once the transaction is complete, you'll receive a soft copy of the policy via email.
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:
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.
Once you submit the request, the insurance company will verify the documents and contact the beneficiaries using the given contact details for further processing.
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.
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.
If you have any more queries regarding SUD Term Insurance Plans,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
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Himanshu is a seasoned content writer specializing in keeping readers engaged with the insurance industry, term and life insurance developments, etc. With an experience of 2 years in insurance and HR tech, Himanshu simplifies the insurance information and it is completely visible in his content pieces. He believes in making the content understandable to any common man.
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