Star Union Dai-Ichi Dhan Surakaksha 3

Star union Dai Chi Dhan Surakha 3 is a tremendous unit linked plan by Star Union Dai-Ichi Life Insurance Company. The plan is ideal for conservative investors. Plan details have been explained here.

Minimum entry age is 8 years. Maximum entry age is 60 years. Maximum maturity age is 80 years. There are four premium payment modes are available in this plan. They are single, regular, LTTP 5 and LTTP 10. In single and regular mode, minimum policy term will be 5 years and maximum policy term will be 40 years. In LTTP 5, minimum policy term will be 10 years and maximum policy term will be 40 years. In LTTP 10, minimum policy term will be 15 years and maximum policy term will be 40 years. Regular and limited premium can be paid yearly, half yearly, quarterly or monthly. Minimum annualized premium in the yearly mode is Rs 24000/, in half yearly mode is Rs 36000/, in quarterly mode is Rs 36000/ and in monthly mode is Rs 48000/. Minimum single premium is Rs 75000/

Sum assured conditions

In single premium mode, with the entry age below 45 years, minimum sum assured will be 1.25 times of single premium. In single premium, with entry age above 45 years, Minimum sum assured will be 1.1 times of single premium. Maximum sum assured will be 5 times of single premium.

In regular and limited premium payment, with the entry age below 45 years, minimum sum assured will be (annualized premium) X higher of (10 or 0.5) X policy term. In regular and limited premium payment with the entry age above 45 years, minimum sum assured  will be annualized basic premium X higher of (7 or 0.25) X policy term.

Features and Benefits

Death benefit

Higher of fund value or sum assured less partial withdrawals done in the last 12 months preceding the date of death.

Maturity benefit

Fund value will be the maturity benefit. The maturity benefit is also available as installments.

Investment funds in this plan

Apex equity

80% to 100% of amount is invested in equities and up to 20% of amount is invested in money market instruments.

Apex growth

55% to 85% of amount is invested in equities, and 15% to 45% of amount is invested in debt and money market instruments.

Apex balanced

35% to 65% of amount is invested in equities, debt and money market instruments according to the market situations.

Apex bond

80% to 100% of amount is invested in debt market instruments and up to 20% of amount is invested in money market instruments.

One Response to Star Union Dai-Ichi Dhan Surakaksha 3

  1. Sameer says:

    Whats your take on term plans?
    What do you think about Aviva i-Life ?

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

More in News (55 of 267 articles)