Star Union Dai Ichi Dhan Suraksha Express

Recommendations :No

Name of the policy :
Star Union Dai Ichi Dhan Suraksha Express

A brief desciption :

Star Union Dai Ichi Dhan Suraksha Express is a attractive Double Death Benefit ULIP providing both Fund Value and Sum Assured as death benfit and Fund Value on maturity. However returns are restricted due to high charges levied. Moreover Sum assured is miniscule which is not sufficient to cover an earning member of the family having dependents. So it is advisable to to go for a simple term plan and invest the extra money elsewhere and earn higher returns.

Started date :
28/3/2011

Type of policy :
Insurance cum Investment

Category :
ULIP

Insurance :
For Age below 45 years- Min- 10 times Basic Premium Max- 15 times Basic Premium, For Age Above 45 years- Min- 7 times Basic Premium Max- 12 times Basic Premium.

Returns expected :
8%-10% (The performance would be less than a performing equity diversified mutual fund)

Entry age :
8-60 Years

Surrender :
If the policy holder wants to surrender the policy before completing 5 years, then the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. If the policyholder surrenders the policy after completion of 5 policy years, then the insurance cover will cease and your fund value shall be paid immediately and the policy would be terminated.

Minimum amount :
15000

Unique features :
It provides a choice of 2 investment options to suit your requirements and also provides both fund value and sum assured as death benefit. Moreover it also provides an option to receive the maturity benefit in lumpsum or in installments.


Premium Allocation Charge Year 1 :0.07%
Premium Allocation Charge Year 2 :0%
Premium Allocation Charge Year 3 :0%
Premium Allocation Charge Year 4 :0%
Premium Allocation Charge Year 5 :0%
Premium Allocation Charge Year 6 :0.03%
Premium Allocation Charge Year 7 :0.03%
Premium Allocation Charge Year 8 :0.03%
Fund Management Charge :Growth Fund- 1.35%, Balanced Fund- 1.30%
Surrender/ Premium Discontinuance Charge Year 1 :For Annual Premium upto 25,000- Lower of 20% * (Annual Premium or Fund Value) but not exceeding Rs 3000, For Annual Premium more than 25,000- Lower of 6% * (Annual premium or Fund Value) but not exceeding 6000
Surrender/ Premium Discontinuance Charge Year 2 :For Annual Premium upto 25,000- Lower of 15% * (Annual Premium or Fund Value) but not exceeding Rs 2000, For Annual Premium more than 25,000- Lower of 4% * (Annual premium or Fund Value) but not exceeding 5000
Surrender/ Premium Discontinuance Charge Year 3 :For Annual Premium upto 25,000- Lower of 10% * (Annual Premium or Fund Value) but not exceeding Rs 1500, For Annual Premium more than 25,000- Lower of 3% * (Annual premium or Fund Value) but not exceeding 4000
Surrender/ Premium Discontinuance Charge Year 4 :For Annual Premium upto 25,000- Lower of 5% * (Annual Premium or Fund Value) but not exceeding Rs 1000, For Annual Premium more than 25,000- Lower of 2% * (Annual premium or Fund Value) but not exceeding 2000
Surrender/ Premium Discontinuance Charge Year 5 and above :Nil

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