Star Union Dai-ichi Life Insurance Products offered by GBA



A Traditional Protection-cum-Savings Life Insurance Plan

As a parent, your life’s dreams and ambitions now revolve around your children. You want to give them the best that life has to offer - a childhood full of happiness and love; an education from a premiere institute; a grand marriage in the midst of friends and relatives. You want to help them to launch their careers and you want to see them well settled. Saving and investing money to fund all these goals is important. More important is ensuring that this money grows and is available to you, in the right amounts, when you need it. SUD Life Bright Child is specifically tailored to meet these needs with its distinct payout structure, crafted to meet the funding needs related to your child’s career and wedding.
Core benefits:

  • A choice between two funding options - Career Endowment and Wedding Endowment.
  • Get “Child Benefits” up to 125% of sum assured.
  • Your child’s future is secure even in case of your unfortunate demise.
  • Income Tax Benefits under section 80(C) & 10(10D)*.

How does this plan work?

  • Choose a plan option - Career Endowment OR Wedding Endowment.
  • Decide upon the Sum Assured based on the corpus needed to support your child’s future.
  • Choose your premium paying term - 10 years OR till your child turns 18 years of age.
  • Based on your plan option the benefits would be paid as follows- 

  Child’s Age (years)

 Benefits under  Career Endowment  option**

 Benefits under  Wedding Endowment  option**








  30% + Benefit booster

  50% + Benefit booster

      In case of your unfortunate demise, your child will receive the Sum Assured immediately. All the future premiums will be waived off and your child will also continue to get the future benefits as planned at ages 18, 21 and 24 years.
**Benefits payable as the percentage of Sum Assured

Snapshot of the plan 

  • Entry Ages 
    o Child: 0-8 years
  • Sum Assured
    o Minimum: Rs. 5 lacs 
    o Maximum: Rs. 5 crores
  • Policy term- 24 minus age of the child at entry
  • Premium payment term 
    o Option 1: 18 minus age of child at entry
    o Option 2: 10 years
  • Premium payment modes: : Annual, half yearly, quarterly, monthly (through ECS only) 



*Tax benefits are subject to change in tax laws from time to time. Prevailing benefits would be applicable as per the prevailing laws from time to time


A traditional money-back plan – Protection cum Savings Plan
UIN: 142N036V01
You always work hard to achieve your long term goals. But while your long term goals are priority there are times, when you would need interim payouts to meet your short term financial requirements as well. Be it your first car or child’s education or an exotic holiday with your family, a regular payout is much sought when it comes to the happiness of your loved ones. Now you can address all these financial requirements with Star Union Dai-ichi’s Guaranteed Money Back Plan, which gives you regular payouts after every five years#. Along with your short-term financial goals, this traditional plan ensures financial stability of your future with guaranteed lump sum at maturity. Besides this, it also secures your family in case of your unfortunate demise and ensures that they move up in life with increased savings
Core benefits:

  • Guaranteed money back of 200% of annual premium after every five years #
  • Your funds grow with guaranteed additions of up to 6% of annual premium every year
  • Income Tax benefits under section 80(C) & 10 (10D)* 
    # before the end of the policy term
    How does this plan work?
  • Choose a Sum Assured: Rs. 3 lakhs to 10 crores; and a policy term: 10 years / 15 years / 20 years
  • Decide your annual premium based on the above and your age
  • Pay the premium for 10 years
  • After every five years, you will receive 200% of your annual premium
  • At the end of policy term, you will receive a guaranteed lump sum
    In case of unfortunate demise, your family will receive the entire sum assured irrespective
    of the interim benefits, which has been already paid to you.
    Snapshot of the plan 
  • Age at Entry: 13 years to 50 years
  • Policy Term:10 years / 15 years / 20 years
  • Maximum Age at Maturity:70 years
  • Premium Payment Term:10 years in yearly, half-yearly, quarterly and monthly modes
  • Sum Assured:Rs. 3 Lacs to Rs. 10 Crores
  • Guaranteed Additions:

Policy Term

10 yrs

15 yrs

20 yrs

Guaranteed Additions

4% of annual premium

5% of annual premium

6% of annual premium

  • Survival Benefit: 200% of annualised premium paid immediately as follows:

Policy Term (in years)

Benefit Payable at the end of-


5th policy year


5th and 10th policy year


5th, 10th and 15th policy year

  • Death Benefit: Sum Assured + guaranteed additions till date

*Tax benefits are subject to change in tax laws from time to time. Prevailing benefits would be applicable as per the prevailing laws from time to time
Jeevan Safar - Traditional Endowment Plan
Jeevan Safar is a combination of traditional endowment and whole life plan which provides death benefit and also survival benefit to the policy holders. 

It provides an option to attach SUD Life Accidental Death & Total and permanent Disability Benefit rider as well as critical illness benefit rider. 

It is available for people between 18 to 60 years of age with the minimum coverage of 50000 and no limit on the maximum coverage. 

It also offers grace period option and Reinstatement option to the policyholders. 

Income tax benefits are available under Section 80C and Section 10(10D) of Income Tax Act, 1961 which are subject to change in tax laws from time to time. Prevailing benefits would be applicable as per the prevailing laws from time to time. 
Eligibility Criteria: 
(a) Age
 Minimum Age at Entry 18 yrs last birthday
Maximum Age at Entry 60 yrs last birthday
Maximum Age at the end of  premium paying term 70 yrs last birthday
(b) Premium Paying Term
Minimum Term 5 years
Maximum Term 52 years
(c) Sum Assured
Minimum Sum Assured Rs.50,000
Maximum Sum Assured No Limit
(d) Mode of Premium Payment
Yearly, Half-Yearly, Quarterly and Monthly Modes are available.
Monthly mode is available only through ECS facility.





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