Star Union Dai-ichi Life Insurance has introduced participating endowment insurance plan – ‘Suraksha Kavach’. The policy offers an innovative feature that allows you to continue life cover up to three years from the date of first unpaid premium, should you ever need to take a break from premium payment.
The policy can be purchased by an individual between the ages of 18 – 50 years; while the maximum maturity age limit stands at 65 years. As this is a participating plan, a simple reversionary bonus (if any) will be declared at the end of each financial year; which will be paid to the policyholder at the time of maturity or in case of unfortunate death, during the policy term.
Proposer has the option to enhance their policy benefits by adding the SUD Life Critical Illness Benefit Rider to their base policy by paying additional rider premiums.