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Insurance Company
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Star Union Dai-Ichi Life Insurance Co Ltd
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Plan Name
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Star Union Life Dhan Suraksha Platinum
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Plan Nature
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TRADITIONAL
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Plan Category
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Protection Plan
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UIN No.
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142N031V01
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About Plan
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It's a limited period single premium endowment life insurance plan to support your future plans. It ensures financial security of the family while building up your savings. Just make a one-time investment and receive a guaranteed amount at the end of ten years. In case of unfortunate death during this period, a guaranteed death benefit is paid. Thus, you get a life insurance cover while earning assured returns on the investment made.
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Minimum Entry Age
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8 years
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Maximum Entry Age
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55 years
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Minimum Maturity Age
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18 years
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Maximum Maturity Age
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65 years
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Maximum Policy Term
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Fixed term of 10 years
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Minimum Premium
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Rs.100000
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Maximum Premium
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Rs.10000000
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Minimum Sum Assured
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Rs.500000
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Maximum Sum Assured
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Rs.50000000
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On survival till the end of the policy term, you will receive the Maturity Benefit. Your policy will get terminated and no further benefits will be paid. Maturity Benefit is dependent upon age at entry of the policyholder and is equal to the single premium multiplied by the Maturity Benefit factor.
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Death Benefits
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In case of unfortunate demise during the policy term, the sum assured, an amount equal to 5 times the single premium will be paid to the nominee immediately. Your policy will get terminated and no further benefits will be paid.
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Surrender Benefit
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While we recommend that you stay covered throughout the policy term to receive maximum benefits, we understamd that certain financial needs may require premature withdrawal from the plan. The guaranteed surrender value is equal to 85% of the single premium before the second policy anniversary. On or after th second policy anniversary, the guaranteed surrender value becomes equal to 90% of te single premium paid. If you need to surrender the policy, the higher of guaranteed surrender value and cash surrender value will be paid. Your policy will be terminated and no further benefits will be paid under the policy after we have paid you the surrender value.
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Tax Benefits
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| Section | Description |
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SEC 80 C
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Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from taxable income.
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SEC 10 (10)D
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Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961.
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Convenience of paying just once.
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Protection to the family in case of unfortunate death of the bread winner.
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Assured benefit on maturity.
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Higher maturity benefit for high premium policies.
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Tax benefits on the premium you invest under Section 80C.
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Tax break on the plan benefits received, under Section 10(10D).
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01-Jun-09
21:14
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Benefit through bancassurance
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01-Jun-09
09:41
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Target of Rs 600 cr during this FY : Star Union Dai-ichi Life
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25-Apr-09
18:40
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Star Union Dai-ichi Life plans to infuse Rs 850 cr in next 5 years
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21-Apr-09
12:01
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Capital infusion of Rs 850 cr in next five years : Star Union Dai-ichi Life
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13-Mar-09
10:26
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Star Union Dai-Ichi Life Insurance is planning to infuse Rs 100 crore
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07-Mar-09
11:26
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Recruiting 2,000 agents in FY 2009-10 : Star Union Dai-ichi Life
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19-Feb-09
10:50
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Plan for pension and child products : Star Union Dai-Ichi Life
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29-Jan-09
16:51
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Insurers to inform consumer on bouncing of cheque
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03-Jan-09
10:50
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Star Union Dai-ichi Life to focus on bancassurance
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25-Aug-08
09:35
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Star Union Dai-ichi insurance venture in two months time
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