#1
April 7th, 2017, 11:28 AM
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Union Bank of India Star Dai-Ichi
Can anyone provide information about Star Union Dai- Ichi’ Group Term Insurance Scheme of Union Bank of India? What are features of Star Union Dai- Ichi’ Group Term Insurance Scheme, tell me?
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#2
April 7th, 2017, 12:14 PM
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Re: Union Bank of India Star Dai-Ichi
This is a one year renewable group term insurance scheme that provides Life cover at low cost to the members of a particular group. This policy can be taken up for the members who are engaged in a common economic activity. Key Features: Affordable Protection - Life cover with low cost Profit Sharing – Based on the claims experience under the policy; profits, if any, will be calculated and shared by way of adjustment in the subsequent year’s premium Hassle-free procedure with no medical tests up to Free Cover Limit Financial assistance to the family in case of the death of policy holder Income Tax Benefits under section 80(C) & 10(10D)* Premium mode: For Employer-Employee groups – Yearly/half-yearly/Quarterly/Monthly For Non-Employer-Employee groups – Yearly/half-yearly Minimum Sum Assured: Rs. 1000 per member Rider: Accident Death and Dismemberment Benefit and Group Critical Illness benefit riders are available. Grace Period: A grace period of 30 days for all modes except for monthly mode and grace period of 15 days for monthly mode after premium due date is available. Nomination: Nomination is compulsory under this policy Union Bank of India Star Union Dai- Ichi’ Group Term Insurance Scheme |
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