Star Union Dai-ichi Term Insurance Plans - Affordable Protection with High Coverage Options

FAQs on Star Union Dai-ichi Term Insurance

• Does the policy include a suicide clause?

  Yes. The policy offers a suicide clause wherein if the life assured commits suicide, whether is a sane or insane state of mind within one year from the date of issue of the policy or 1 year from the date of revival of the policy, the nominee is entitled to 80% of the total premiums paid excluding extra premiums paid for rider coverage and taxes.

• What are the exclusions of the policy?

  Those people working in hazardous conditions or exposed to hazardous materials may not enjoy the policy. If they do, they will be screened thoroughly and may have to pay higher premiums to compensate for the extra mortality risk.

• Is there a free look period?

  Yes. The free look period is 15 days for those policies that have not been purchased through distance marketing and 30 days for those policies that have been purchased through distance marketing.

• What is the grace period allowed for premium payments?

  The grace period for premium payments is 30 days from the missed date of payment for those with premium payment terms of yearly or half-yearly. For those policies with monthly payment terms the grace period is 15 days. If payment has not been made within the grace period, the policy will lapse

• How does one revive a lapsed policy?

  Lapsed policies can be revived provided the revival request comes within two years from date of the first missed premium. Those who wish to revive their policy will have to submit a request for the same and pay outstanding arrears with interest and submit satisfactory medical examinations and proof of continued good health.