Star Union Dai-ichi Life Insurance Company Limited
SUD Life Saral Jeevan Bima
IRDAI-MANDATED standardized term plan from SUD Life. Distributed via Bank of India + Union Bank network. Banking-channel focused.
UIN 142N087V01We don't sell this — we'll still recommend if it fits
The dealbreaker fields (term life)
Sum assured (max)
₹25 lakh
Claim settlement (CSR)
95.5%
Claims TAT
[object Object] days
Suicide exclusion
12 months
Payout options
Lumpsum
Premium payment
Single Pay · Regular Pay · Limited Pay 5 years +1
Policy term
5–40 yrs
Surrender value
no
Free look
30 days
What this plan does well
- IRDAI-MANDATED standardized product
- Bank of India + Union Bank distributed
- Dai-ichi Life Holdings (Japan) backing
- LOW-INCOME entry: Min SA ₹5 Lakhs
- Coverage up to age 70
Watch out for
- 45-day WAITING PERIOD — DEALBREAKER NEGATIVE
- Max SA only ₹25 Lakhs
- NO RIDERS allowed
- Lumpsum payout only
- Banking-channel only (limited online presence)
- SUD Life CSR ~95-96% (mid-tier)
Is this the right plan for you?
Run the 30-second cover calculator. We'll tell you whether this plan, or a different one, is the better fit.
Find my right cover →We don't directly sell this plan today. If our verdict says this is your best fit, we'll point you to a broker who does — and tell you our paired listed alternative so you can decide.