Star Union Dai-ichi Life Insurance has come up with a unique plan that allows you to pay one-time premium and ensure savings and protection for 10 years. Presenting ‘Star Union Dai-ichi Life Dhan Suraksha Platinum’, A traditional single premium endowment life insurance plan. A unique plan that has a strong combination of Guaranteed Savings for your future and Guaranteed Protection of your loved ones.

Advisable to take this plan. Reasons being

1. Guaranteed Benefit at Maturity, so you know what you are getting after 10 years when the policy matures.
2. Life Cover = Premium x 5, so in case of death you get 5 times.
3. Single Premium Payment Plan, so no headache of paying premiums every year after year.

 All this comes with just one-time premium payment, hence making it a true hassle free benefit.

Note: Plan available upto 31st March, 2012

This plan comes with a bouquet of benefits such as:

• Convenience of paying just once
• Guaranteed Protection to the family in case of unfortunate death of the bread winner
• Guaranteed benefit at maturity
• Higher maturity benefit for high premium policies
• Tax benefits on the premium you invest (under Section 80C)
• Tax break on the plan benefits received upon maturity (under Section 10 (10D) )

Features of the plan are

• Single Premium Payment Plan
• Entry Ages – Min: 8 years, Max: 55 years
• Life Cover = Premium x 5, for the full term of 10 years
• Guaranteed Benefit at Maturity
• Minimum Premium: Rs 1,00,000/-
• Tax Benefits on Premiums under sec 80C
• Tax Exemption on Death and Maturity Benefits under sec 10 (10D)

Rebates are avialble if your Single premium exceeds certain amount.

• Between 5 lacs and 49.90 lacs:  2% of Single Premium
• 50 lacs and above :   3% of Single Premium

Death Benefit:  In case of unfortunate demise during the policy term, the sum assured, an amount equal to 5 times the single premium will be paid to the nominee immediately. Your policy will get terminated and no further benefits will be paid.

Policy loan:  A Policy loan can be availed against this policy by assigning the policy document as collateral (as per the terms and conditions of Star Union Dai-ichi Life Insurance, applicable from time to time) provided the policy has acquired surrender value. The maximum amount of loan that can be availed is 75% of the surrender value at the time of taking the loan. The rate of interest applicable will be 12% p.a. At any point in time should the loan and accumulated interest exceed the Surrender Value, the Policy will be forfeited. Detailed terms and conditions are given under Policy Document.

Eligibility and limits:

Illustration:

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