Star Union Dia Ichi Life Insurance: Jeevan Safar
Star union dia ichi life insurance is one of the reputed insurers that are involved in offering highly suitable insurance products. It is also known as SUD life insurance that also brings one of the best insurance product called as jeevan safar. This SUD life insurance jeevan safar is an exclusive endowment plan, which offers whole life protection. It is a perfect combination of traditional endowment scheme and whole life plan. Jeevan safar offers death benefit and also survival benefit to the policy holders. In death benefit, a lump sum amount is payable to the nominee in the unfortunate event of death of policyholder including incurred benefits if any. With survival benefit, the sum assured including any other vested benefit, will be payable to the policyholder provided he or she survives throughout the policy term.
With this policy you have an option to enhance your protection coverage by attaching insurance riders with it including sud life accidental death, total and permanent disability benefit rider as well as critical illness benefit rider. So with your simple life insurance policy, you can enjoy the endowment benefits as well as enjoy the health coverage for critical illness. Following are the features of this life insurance plan:
• Best life coverage that can be availed at nominal costs
• You have an option to enhance your existing cover
• It also provides a specified grace period option in which a policyholder is supposed to update all the pending payments of premium
• Reinstatement option is also available to the policyholders
• Income tax benefits are available on this plan as additional advantage
In order to apply for this plan, an individual must have attained the minimum age of 18 years and maximum age should not be more than 70 years. Under this single policy, minimum coverage of 50, 000 can be availed and there is no limit on the maximum coverage. A grace period of 30 days is offered to the policyholder in which all the pending payments of quarterly/ half yearly or yearly premiums should be done. And, if you have chosen a monthly premium options, then the grace period will be of 15 days.
You can apply online for this SUD life insurance policy with the help of online application, which is available on the official website of the insurance company. With this approach, your online request will be processed out faster with lesser documents and formalities.