Star Union Dai-ichi ULIP Plans

Star Union Dai-ichi (SUD) Life Insurance is a collaboration between the Bank of India and the Union Bank of India. Established in 2009, the company has over 11,000 branches all over the country and has offered insurance solutions to over 64 million users. With a customer-centric approach Star Union Dai-ichi Insurance has launched various insurance products. With its ULIP plans, the company promises simple yet efficient savings and insurance schemes. 

Features of Star Union Dai-ichi ULIP Plans

Benefits of Buying Star Union Dai-ichi ULIP Plans

1. Twin-Benefit Plan
   With the Star Union Dai-ichi ULIP Plans you are not only covered with life cover but you also put a part of your money in the capital market. This safety net can be very helpful in securing your as well as your family’s future. 
2. Build a Corpus
   In Star Union Dai-ichi ULIPS, as you invest for the long term, you have the potential of mounting a corpus. In a very well-organised and affordable way, you have the opportunity to maximise your wealth.
3. Keep Pace with Your Growing Needs
   What might seem a huge amount today, would not be enough tomorrow. Inflation would decrease the value of your money in the future. When you invest in a ULIP, your money grows and you can keep pace with your growing family requirements. 
4. Invest as per Your Risk Appetite
   ULIPs cater to all kinds of investors. If you are a seasoned investor who knows how the capital market works, you may invest in high-risk options you may want to invest in equity funds, however, if you wish to keep your investments safe you may want to invest in debt funds.
5. Liquidity
   Once the 5-year lock-in period is over, your ULIPs are eligible for liquidity. You have the option of making partial withdrawals from the fund value that has been accumulated. How much withdrawal can be made depends on the plan selected and its terms and conditions?
6. Tax Benefits
   ULIP plans also get you tax benefits. The premium up to INR 1.5 lakhs is exempted under Section 80C and the maturity benefit is exempted under Section 10 (10D) of the Income Tax Act, 1961. 

Most Popular Star Union Dai-ichi ULIP Plans

1. SUD Life Wealth Builder Plan
   With a one-time investment in the SUD Life Wealth Builder Plan, you can safeguard your loved ones against the uncertainties of life. Even in a volatile market, you have control over your investments. Apart from providing financial assistance to the family, in case you die during the tenure of the plan, it would also help you fulfil your dreams and aspirations.                            
2. SUD Life Wealth Creator Plan
   The Wealth Creator Plan is a unit-linked insurance plan that provides you with life cover and the opportunity to create wealth as you move on in life. The plan comes with 2 exclusive investment strategies while offering various investment funds. You can also avail of services such as partial withdrawals and switching of funds.

Insight on Star Union Dai-ichi ULIP Plans

Star Union Dai-ichi (SUD) Life Insurance is a leading insurance company which is known for its strong operational capabilities and sound product knowledge. The company has been managing the life insurance business for a long time and thus, they understand the needs of each customer. Star Union Dai-ichi ULIP Plans that have been launched by the company are practical, affordable and are quite popular across different economic classes. The plans come with numerous benefits such as liquidity, tax benefits, switching of investment funds, adding top-ups etc. These features not only let you control the investment but also manage your investment portfolio. So, when it comes to selecting the best ULIP, Star Union Dai-ichi ULIP Plans are worth considering.