Get Quotes from Top Insurers with Lowest Premium
Enter Details > Get Quotes > Buy Your privacy is protected.
Why Comparepolicy.com
Unbiased information on plans from varied insurance companies
Easy comparisons to choose the best insurance plan
No hidden costs, pay the same premiumas offered by the insurer
Pre and post sales expert assistance for smooth online buying experience
Reliable, Accurate and Quick policy servicing
THANK YOU!
Our representative will get back to you soon.
You can also directly contact us at
+91-7836966356

Star Union Dai-ichi’s Guaranteed Money Back Plan

What is the Plan all About?

Star Union Dai-ichi’s Guaranteed Money Back Plan is a traditional money back plan that provides cash payouts at regular intervals along with guaranteed annual additions. This plan also pays sum assured plus accrued guaranteed additions, in case you are not around.

BUY NOW

What are the Key Features?

  • Guaranteed money back
  • Grow funds with guaranteed additions
  • Guaranteed lump sum at maturity
  • Financial security for family
  • Limited pay term of 10 years
  • Riders to boost benefits
  • High Sum Assured Rebate
  • Tax benefits available

What are the Plan Benefits?

Death Benefit

    In the event of death of the life insured during the policy term, Entire Sum Assured plus the Guaranteed Additions accrued till date is payable to the nominee.

Survival Benefit

    200% of annualized premium as survival benefit is payable at specific intervals on survival of the life insured.
    For 10 year policy term, the survival benefit is payable at 5th policy anniversary.
    For 15 year policy term, the survival benefit is payable at 5th & 10th policy anniversary.
    For 20 year policy term, the survival benefit is payable at 5th,10th & 15th policy anniversary.

Maturity Benefit

    In case of survival of the life insured till end of the policy term, Sum Assured (less survival benefits already paid) along with accrued Guaranteed Additions are payable.

Guaranteed Additions

    Guaranteed additions will accrue every year, through the entire policy term.
    For 10 year policy term, the guaranteed addition is 4% of annualized premium.
    For 15 year policy term, the guaranteed addition is 5% of annualized premium.
    For 20 year policy term, the guaranteed addition is 6% of annualized premium.
    It is payable only, if the policy being in-force.

Bonus

    No bonuses as applicable under this policy.

Loan Benefit

    No loan facility can be availed under this policy.

Surrender Value

    This policy acquires Surrender Value after payment of all the due premium for at least three full policy years. The Surrender Value payable is higher of minimum Guaranteed Surrender Value or Special Surrender Value.

Tax Benefit

    This policy provides tax benefits as applicable under the Income Tax Act, subject to change in tax laws.

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 13 Years 50 Years
Age at Maturity - 60 Years (policy Term 10 Years), 65 Years (policy Term 15 Years), 70 Years (policy Term 20 Years)
Policy Tenure 10/15 & 20 Years -
Premium Paying Term (PPT) 10 Years -
Premium Paying Mode Annually, Semi Annually, Quarterly & Monthly -
Sum Assured Rs 3,00,000 Rs 10,00,00,000
Freelook Period 15 Days/30 Days (for Distance Marketing Channel) From The Receipt Of The Policy -
Grace Period 30 Days (15 Days For Monthly Mode) -
Plan Type Offline -

Is any Rider Available with this Plan?

You can opt for following riders, on payment of additional rider premium.

  • SUD Life Accidental Death and Total & Permanent Disability Benefit Rider – Traditional
  • SUD Life Family Income Benefit Rider - Traditional

How the Plan Works?

Mukesh aged at 30 years, buys Star Union Dai-ichi’s Guaranteed Money Back Plan that ensures regular money backs along with life cover. He chooses this plan with the policy term of 10 years, premium paying term of 10 years, and the sum assured is Rs 5,00,000.

Scenario A: Mukesh Survives the Policy Term

If Mukesh survives till the maturity of the policy term, he receives Sum Assured (less survival benefits already paid) along with accrued Guaranteed Additions are payable. He also receives 200% of annualized premium as survival benefit is payable at 5th policy anniversary.

Scenario B: Mukesh dies during the Term of the Policy

In the event of the demise of Mukesh during the policy term, Entire Sum Assured plus accrued Guaranteed Additions are payable to the nominee.

Benefit Illustration:

Star Union Dai-Ichi Guaranteed Money Back Plan Benefit Illustration