Guaranteed Maturity Benefits
The plan offers guaranteed maturity benefits, which are a multiple of the annualized premium, ensuring a lump-sum amount at the end of the policy term.
Combo Plans
Combo Life Insurance Plan is a product offered by Star Union Dai-ichi Life Insurance, which is designed to provide a combination of protection and savings benefits. This dual benefit allows you to achieve your financial goals while ensuring protection for your loved ones.
- Security of your investmentSecurity of your investment
- Protection for Your FamilyProtection for Your Family
- Guaranteed Maturity BenefitsGuaranteed Maturity Benefits
- Limited Premium Payment TermLimited Premium Payment Term
How it Works?
1
Choose Plan and Pay Premium
Select a Combo Plan based on the desired coverage and investment benefits. Pay the premium according to the chosen plan’s payment schedule.
2
Premium Allocation for Dual Benefits
Premium Allocation for Dual Benefits
3
Guaranteed Maturity and Death Benefits
Guaranteed Maturity and Death Benefits
4
Additional Features and Flexibility
Additional Features and Flexibility
Features of Combo Plans
Features of Combo Plans
Built in Coverage Options
Flexibility to choose from two unique investment strategies with multiple fund options
Offers life cover with guaranteed maturity benefits
Covers all types of Loans
Offers options for partial withdrawal and adjusting your premium paying term by either increasing or decreasing it
Benefits of Combo Plans
Why Buy a Combo Plan
Guaranteed Maturity Benefits
Death Benefit
Death Benefit
In case of an unfortunate demise of the insured person within the policy tenure, their family receives the death benefit from term insurance as a regular income along with a lump sum benefit.
Surrender Benefit
Surrender Benefit
The plan offers the flexibility to withdraw from the 11th year with attractive surrender benefits, providing liquidity if needed.
Who needs a Combo Plan
The Risk-Averse Investor
- 30 years old
- Married with a child
- Wife is a Salaried professional
Sumit seeks stable returns with capital protection The Limited Premium Payment Term and Option of Partial Withdrawal provide them with financial security and flexibility.
The Family Planner
- 25 years old
- Married with one child
- Salaried professional
Kavita is focused on securing her family’s future They appreciate the Death Benefit and Guaranteed Maturity Benefits to ensure their family’s financial stability in their absence or upon policy maturity.
Individuals Seeking Insurance and Investment
- 30 years old
- Married
- Retired parents
Hitika wants to build wealth and want to support old parents Since Combo Plans provide both life insurance coverage and investment growth, it works well individual looking for wealth generation along with some life cover.
STEPS TO BUY
Steps for buying a Combo Plan
Buying a combo plan online is simple and convenient. Follow these steps to purchase a combo plan
Calculate Your Premium
Navigate to combo plan, ‘download brochure’ or ‘Talk to Expert’ (TBC). At any point, you can also visit a branch of Star Union Dai-ichi Life Insurance for assistance in purchasing the plan. Our expert will help you choose a strategy and calculate your premium. You can customise the premium by adjusting premium, policy term, premium payment term and frequency.
Documents for buying a Combo Plan
To buy a Combo plan policy, you will typically need the following documents
All about Combo Plan Claims
Step 01
Claim IntimationReport your claim by notifying SUD Life via the SUD Life website or customer portal, at their branches or by calling the customer support/claim support helpline. This should be done as soon as possible after the policyholder's death. Gather the required physical documents to initiate the process.
Step 02
Claim ProcessingSubmit all required documents online or in the branch. Their special claim care team will assess your claim and inform you if additional documents are needed. Once all necessary documents are received, the insurance company will process your claim.
Step 03
Claim SettlementThe insurance company will verify the claim by reviewing the submitted documents. Once verified and approved, the claim is approved, the insurer will pay the outstanding loan amount directly to the lender, thus relieving the family of the debt burden.
Documents for claiming a Combo Plan
For Death Claims:
For accidental/suicidal deaths, following additional documents are required
For Maturity Claims:
Why Choose SUD Life
1,51,00,000+
Happy Customers
19000+
19000+ Distribution Points across India for Life Insurance Purchase and Service
24,761 Cr
Assets Under Management
98.6%
Claim Settled as per 31.03.2024
Hassle Free
Easy Payements
Connect with Us
Frequently Asked Questions (FAQs)
What does combo plan do?
Is buying combo plan a good idea?
Who should buy a combo plan?
What are the benefit options in combo plan?
Who gets the sum assured for the combo plan during a claim?
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco la