Star Union Dai-ichi Pure Term Assurance Plan

Name: Star Union Dai- ichi Pure Term Assurance Plan

Type of policy: Term Policy

For buying policy: Yes

If holding policy: Yes

Term insurance is a fantastic product that every single family needs to have, for its earning member(s). It is a pure life insurance policy that gives your family a cover in case of an eventuality to the bread winner. A single term policy of adequate cover will suffice for entire insurance needs.

We typically recommend an insurance cover of 4-8 times your annual income and for as long a term as is available for your age. Find out the ideal cover for you using this calculator.

SUD Life Accidental Death & Total and Permanent Disability Benefit Rider are available with this policy. But we recommend a standalone critical illness cover as that gives wider range of cover in terms of number of illnesses, renewability and comes at lower premium. Personal accident cover is really an additional expense to be avoided as it covers your life which is already covered by the term policy.

Product features:

Parameter

Value

Minimum age at entry

18 years

Maximum age at entry

60 years

Minimum Term

5 years

Maximum policy term

25 years or 65 years of age whichever is earlier

Minimum sum assured

Rs 5 lakh

Maximum sum assured

24,99,000

 

Illustration:

Below table shows indicative premiums for a male.

Your age

Term

Indicative Annual Premium

(For cover of Rs.50 lakh )

25 years

25

Rs. 6423

30 years

25

Rs. 7999

40 years

20

Rs. 14229

50 years

10

Rs. 24725

 *Exclusive of service tax and educational cess.

Returns: If the insured survives term, no benefits are paid. Insurance should be viewed as an expense rather than investment.  Both function best when handled separately.

Better Alternative:

Online Pure Term Policies.

Fintotal Product Analysis is the ideal place to seek unbaised and neutral view on all financial products.

Do not get fooled by agents and distributors, just check here before you make any purchases.


Explore more in a easy manner.


Table of Contents

Table of Contents