Star Union Dai-ichi Life Insurance Launches New Schemes

Star Union Dai-ichi Life Insurance Company Limited (SUD Life), a joint venture of Bank of India, Union Bank of India and Dai-ichi Life Insurance, Japan launched three new schemes - a new traditional endowment product, Defined Benefit Endowment Plan, Dhan Suraksha 3 and Dhan S

Online PR News – 16-September-2010 – India – Bangalore, September 15, 2010: Star Union Dai-ichi Life Insurance Company Limited (SUD Life), a joint venture of Bank of India, Union Bank of India and Dai-ichi Life Insurance, Japan launched three new schemes - a new traditional endowment product, Defined Benefit Endowment Plan, Dhan Suraksha 3 and Dhan Suraksha 3 Premium. The product ensures regular tax free monthly benefit for 15 years and the new punch line for traditional products which is Defined Benefit Endowment Plan is ‘Plan Kar ke Chalo’ emphasizing upon the significance of planning for happy and secured future through life insurance. The Joint Venture is eying to be a lead player in the Indian Life Insurance Industry. The new schemes were launched by Mr. S K Natarajan, Zonal Manager Bank of India and Mr S Padmanabhan, DGM Union Bank of India along with Assistant Vice Presidents of SUD Life Capt Vijayan and Mr. Prasad MRV.

"The new Defined Benefit Endowment Plan indicates our commitment to the promises we made to our customers. The Plan combines life protection and regular savings with complete transparency and flexibility features and advance guaranteed returns," said K.Sahay, Managing Director & Chief Executive Officer, SUD Life.”

Dhan Suraksha 3 and Dhan Suraksha 3 Premium, which comply with new IRDA guidelines and offers protection and market related returns. The products are best suited to the people who desire for an enhanced life cover combined with good returns on investment. These two schemes will run on the punch line ‘Protection ke Saath profit Bhi’ for Unit Linked Insurance products.

The benefits of the schemes are as follows:

A. Dhan Suraksha 3

1. Life Cover upto 80 years of Age
2. Loan Facility Available after 3 policy years
3. Partial withdrawal facility after 5 policy years
4. Death Benefit: Sum Assured or Fund Value whichever is higher
5. Tax Benefit on Premium paid as well as on returns

B. Dhan Suraksha Premium 3

1. Life Cover upto 80 years of Age
2. Loan Facility Available after 3 policy years
3. Partial withdrawal facility after 5 policy years
4. Death Benefit: Sum Assured Plus Fund Value
5. Tax Benefit on Premium paid as well as on returns
C. Defined Benefit Endowment Plan

1. Defined Monthly Benefit for 15 years
2. Life Insurance Cover
3. Goodwill Terminal Benefit
4. Premium Payment Term: 5, 10, 15 & 20 years
5. Premium payment option: Yearly, Half-Yearly, Quarterly & Monthly
6. Income Tax Benefits on premium as well as on defined monthly benefit
7. Single Premium option is also available

The interested may contact 09964065132 for further information.

About Star Union Dai-ichi Life Insurance Company Limited

Star Union Dai-ichi Life Insurance Company Limited (SUD Life) is a joint venture of Bank of India, Union Bank of India and Dai-ichi Life Insurance, a leading Japanese Company in the Life Insurance market. Star Union Dai-ichi Life Insurance Company Ltd. is committed to providing insurance to rural and weaker / social sectors. Both the domestic partners are in the process of implementing Govt. of India’s initiative of Financial Inclusion and their pan India network of branches gives the Company a natural edge in catering to these sectors effectively. With the strong brand and commitment of the partners, Star Union Dai-ichi Life Insurance Company Ltd. promises to be a new star on the horizon of the Indian life insurance business, promising value to all stakeholders.

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Contact Information
Commstrat
Church Street
Bangalore Karnataka, 560 001

080 32712348