Many life insurance companies offer the same or similar products as Star Union Dai-Ichi Life Insurance. The key to finding the right insurance company is to compare their features and benefits. In this article, we will talk about some top 10 competitors or alternatives to Star Union Dai-Ichi Life Insurance Online that are available in India.
This article will compare some of India's best Star Union Dai-Ichi Life Insurance alternatives. It will be looking at some of their features and benefits as well as their prices to help you decide on which policy to choose for your needs and budget. But before knowing about the alternatives let’s see about the Star Union Dai-Ichi Life Insurance.
Star Union Dai-Ichi Life Insurance
Star Union Dai-ichi Life Insurance Co Ltd is a joint venture of India’s two leading public sector banks Bank of India, the Union Bank of India, and Dai-ichi Life, the second-largest life insurance company in Japan. The combination of three leading financial service providers makes the SUD life insurance plans outstanding insurance solutions and customized to suit the protection needs of common people. Star Union Dai-ichi life insurance provides a range of life insurance products to cater to different requirements of customers.
| Foundation |
2009 |
| Claim Settlement Ratio |
95.96% |
| Solvency Ratio |
2.06 |
| Number of Branches |
1950 |
| Plans |
- Protection Plans
- Retirement Plans
- Child Plans
- Wealth Plans
- Rider Plans
- Group Plans
- Investment & Savings Plans
|
| Benefits & Features |
- Range of Products
- Affordable Premiums
- Excellent Claim Settlement Ratio
- Customer-Friendly Services
- Complete Transparency
- Flexible Payment Options
|
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Why Consider Star Union-Dai-Ichi Life Insurance Alternatives?
If you are considering Star Union Dai-ichi Life Insurance Alternatives, there are some things that you should know before making any decisions. You need to consider your budget and goals and how much coverage is necessary for those needs. You also need to look at other aspects such as the price and what other benefits come with the policy. There are many reasons why people may want to consider Star Union Dai-ichi Life Insurance Alternatives as an option. Here are reasons why you should compare Star Union Dai-ichi Life Insurance Alternatives & Competitors:
- You can find a policy that fits within your budget
- You can save money by comparing different companies
- The more you know, the better your decision will be
- You can compare life insurance alternatives online today
- You can find the right life insurance policy for your needs
- You can compare the costs, benefits, and features of many different policies
- You can take advantage of tax benefits with some types of life insurance plans
- Online comparison tools make it easy to compare life insurance policies and pick the best one for you
Best Alternatives to Star Union Dai-Ichi Life Insurance
The best online alternatives to Star Union Dai-Ichi Life Insurance are not as expensive as one may think. The best Star Union Dai-Ichi life insurance alternatives in India are those that offer the best coverage at the lowest cost. The best Star Union Dai-Ichi life insurance alternatives in India are available at PolicyBachat.com. Here you can compare and buy the best life insurance plans from various companies and get the best deals on your purchase.
PolicyBachat is an online insurance comparison website that offers a platform to compare and buy the best insurance plans from various companies. It sorted out a list of the best alternatives and competitors to Star Union Dai-Ichi Life Insurance based on benefits, features, claim settlement, and discounts offered by them.
Top 10 Star Union Dai-Ichi Life Insurance Alternatives
Here is a list of the top 10 competitors or alternatives to Star Union Dai-Ichi Life Insurance.
- Kotak Mahindra Life Insurance
- Reliance Nippon Life Insurance
- PNB MetLife Insurance
- Aditya Birla Sun Life Insurance
- Tata AIA Life Insurance
- Aviva Life Insurance
- ICICI Prudential Life Insurance
- Canara HSBC OBC Life Insurance
- Edelweiss Tokio Life Insurance
- IndiaFirst Life Insurance
#1 Kotak Mahindra Life Insurance
Kotak Mahindra Life insurance company limited is one of the best and fastest-growing insurance companies in India. It is a joint venture between Kotak Mahindra Bank Limited and Old Mutual Limited, a pan African investment, savings insurance, and banking group operating. It provides an extensive range of financial products to meet both corporate and individual investment needs. Kotak life insurance secures your future and makes sure that all your investments keep giving you profitable returns. Kotak Life Insurance Company provides a wide range of affordable Life Insurance Policies.
Foundation: 2001
Claim Settlement Ratio: 98.50%
Solvency Ratio: 2.90
Number of Branches:232
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Benefits & Features:
- Wide Range of Products
- High Coverage At Low Premiums
- Easy Policy issuance
- Award Winning Services
- Long-Term Coverage
- Tax Benefits
Plans Available:
- Term Plans
- Child Plans
- Savings and Investment Plans
- Protection Plans
- Retirement Plans
- ULIP Plans
- Health Plans
#2 Reliance Nippon Life Insurance
Reliance Nippon Life Insurance Company Limited is one of India's leading private sector life insurance companies. Reliance Nippon Life Insurance Company is an important part of Reliance Capital and it is a private-sector financial services and Non-banking Company. Reliance Capital has diversified businesses in insurance of all kinds, asset management, mutual funds, commercial finance, and other financial services. Reliance Life has a huge variety of life insurance plans that offers tailor-made plans as per the customers’ requirements.
Foundation: 2001
Claim Settlement Ratio: 98.49%
Solvency Ratio: 2.45
Number of Branches:713
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Benefits & Features:
- Affordable Premiums
- Multiple Premium Payment Frequencies
- Excellent Customer Services
- Multiple Add-On Covers
- Wide Range of Products
- Tax Benefits
- Customized Protection
Plans Available:
- Term Plans
- Savings Plans
- Retirement Plans
- ULIP Plans
- Health Plans
- Group Plans
#3 PNB MetLife Insurance
PNB MetLife India Insurance Company Limited is one of the major life insurers in India. PNB MetLife is a collaboration between MetLife International Holdings Inc., Punjab National Bank Limited, Jammu and Kashmir Bank Limited, M.Pallonji and Company Private Limited, and other private investors. This company offers a wide range of products for protection and retirement. It is a one-step solution toward a safe future for you and your loved ones.
Foundation: 2001
Claim Settlement Ratio: 98.17%
Solvency Ratio: 1.90
Number of Branches:117
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Benefits & Features:
- Affordable Premiums
- Maximum Sum Assured
- Excellent Customer Services
- Multiple Add-On Covers
- Wide Range of Products
- Return of Premiums
- Flexible Tenure
- Tax Benefits
Plans Available:
- Family Protection Plans
- Online Plans
- Long-Term Plans
- Child Education Plans
- Retirement Plans
- Health Insurance Plan
- Group Plans
#4 Aditya Birla Sun Life Insurance
Aditya Birla Sun Life Insurance Company is a joint venture between Aditya Birla Group and Sun Life Financial Inc. The company offers a wide range of life insurance products to suit the needs of different customers. It is one of India's largest and most trusted life insurance providers in India. Aditya Birla Sun Life Insurance Company was well known for its product innovations as per customers’ needs and commitment to customer services.
Foundation: 2001
Claim Settlement Ratio: 98.04%
Solvency Ratio: 1.80
Number of Branches:340
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Benefits & Features:
- Excellent Customer Service
- Easy And Hassle-Free Claim Settlement
- Flexibility in Premium Payment
- Tax Benefits
- Long-Term Coverage
- Affordable Premiums
- Easy Policy Issuance
Plans Available:
- Term Plans
- Retirement Plans
- Health Plans
- Child Plans
- ULIP Plans
- Savings Plans
#5 Tata AIA Life Insurance
Tata AIA Life Insurance Company is one of the fastest-growing leading insurers in the Indian private sector. Tata AIA Life Insurance Company Limited is a joint venture between Tata Sons and AIA Group Ltd. Tata Sons holds a stake of 74% in the company and AIA holds 26%. It is accomplished by offering customized life, health, and group insurance solutions to individuals and families, and a group of people.
Foundation: 2000
Claim Settlement Ratio: 98.02%
Solvency Ratio: 2.04
Number of Branches:216
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Benefits & Features:
- Wide Range of Products
- Trusted Brand
- Excellent Claim Settlement Ratio
- Affordable Insurance Plans
- Excellent Customer Services
- Flexible Payment Options
Plans Available:
- Term Plans
- ULIP Plans
- Retirement Plans
- Savings Plans
- Group Plans
- Combo Plans
#6 Aviva Life Insurance
Aviva Life Insurance Company Limited India is a joint venture between Dabur Invest Corporation and Aviva PLC UK-based Insurance Group. It is one of India’s oldest and most respected insurance companies to fulfill policyholder certain needs. The main purpose of Aviva Life Insurance Company is to give simple and useful policies that achieve customer life goals. Aviva life insurance company’s gained experience in this field over centuries in offering comprehensive insurance solutions.
Foundation: 2002
Claim Settlement Ratio: 98.01%
Solvency Ratio: 2.24
Number of Branches:790
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Benefits & Features:
- Tax Benefits
- Wealth Creation
- Life-Long Coverage
- Investment Option
- Good Customer Support
- Easy Claim Settlement
- Death Benefits
Plans Available:
- Term Insurance Plans
- Retirement Plans
- Child Plans
- Savings Plans
- Group Plans
#7 ICICI Prudential Life Insurance
ICICI Prudential life insurance company is a leading international financial services group headquartered in the UK. ICICI Prudential Life Insurance Company has consistently been the top company in the Indian Life Insurance Sector. It is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited. The company aims to provide cost-effective products, good supervision of assets and funds under its management, and a hassle-free claim settlement experience for its valued customers.
Foundation: 2001
Claim Settlement Ratio: 97.90%
Solvency Ratio: 2.17
Number of Branches:514
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Benefits & Features:
- Wide Range of Products
- Affordable Plans
- Excellent Claim Settlement
- Multiple Payout Options
- Excellent Customer Service
- Long-Term Coverage
- Tax Benefits
Plans Available:
- Term Plans
- Health Plans
- ULIP Plans
- Traditional Savings/Money Back Plans
- Retirement Plans
- Group Plans
- Rural Plans
- Rider Plans
#8 Canara HSBC OBC Life Insurance
The Canara HSBC OBC life insurance company is a joint venture between Canara Bank, HSBC Asia Pacific Holdings Limited, and Punjab National Bank. The company brings the trust and market knowledge together of two big public sector banks in India namely Canara Bank and Punjab National Bank combined with the global insurance expertise of HSBC. Canara HSBC OBC Life Insurance is the first to launch 'Immediate Pay-outs on Death Claim' under unit-linked policies so that the family of the life insured will receive the fund value immediately on registration of the death claim.
Foundation: 2008
Claim Settlement Ratio: 97.10%
Solvency Ratio: 3.27
Number of Branches:2251
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Benefits & Features:
- Financial Protection
- Easy Policy Issuance
- Tax Benefits
- Excellent Customer Service
- Hassle-free claim settlement
- Flexibility in Payment Options
Plans Available:
- Term Plans
- ULIP Insurance Plans
- Child Plans
- Retirement Plans
- Savings Plans
- Health Plans
- Group Plans
#9 Edelweiss Tokio Life Insurance
Edelweiss Tokio Life Insurance Company is a joint venture between Edelweiss Financial Services and Tokio Marine Holdings Inc. Edelweiss Tokio Life Insurance Company offers comprehensive protection life insurance plans to help you to coverage for your life. The company helps you to create a secure and bright future for yourself and your loved ones. Edelweiss Tokio Life Insurance provides amazing services. Also, it has many attractive plans for different types of customers to choose from as per their requirements.
Foundation: 2011
Claim Settlement Ratio: 97.01%
Solvency Ratio: 2.15
Number of Branches:116
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Benefits & Features:
- Customizable Plans
- Simple Claims Process
- Complete Transparency
- Investment Option
- Tax Benefits
- Long-Term Coverage
- Affordable Premiums
Plans Available:
- Term Plans
- Investment Plans
- Health Plans
- Retirement Plans
- Group Plans
- Micro Plans
#10 IndiaFirst Life Insurance
IndiaFirst Life Insurance Company Limited is one of the youngest life insurance companies in India. It is a joint venture between Union Bank of India, Bank of Baroda, and Carmel Point India Investments India Private Limited. It’s Headquartered in Mumbai, IndiaFirst Life Insurance Company Limited is the fastest growing life insurance company in India. IndiaFirst Life Insurance Company provides a wide range of life insurance products. Their extensive knowledge makes their customers meet their requirements and are also satisfied by their services.
Foundation: 2009
Claim Settlement Ratio: 96.81%
Solvency Ratio: 1.81
Number of Branches:4800
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Benefits & Features:
- High Coverage At Low Premiums
- Multiple Payout Options
- Excellent Customer Services
- Availability of Excellent Riders
- Return Of Premium
- Tax Benefits
Plans Available:
- Term Plans
- Child Plans
- ULIP Plans
- Savings Plans
- Investment Plans
- Retirement Plans
Conclusion
Life insurance is an important part of any financial plan. The right life insurance company can help you and your family get the coverage they need at a price they can afford. There are many factors that you need to take into consideration when choosing the best life insurance company. You should not just go for the one that seems to be the cheapest. You should consider the reputation of the company, the amount of coverage, the cost of premiums, the quality of customer service, etc.
PolicyBachat is an insurance web aggregator that will see for yourself which life insurer provides the best life insurance policy by comparing quotes online. So, compare life insurance quotes and grab your life insurance policy now. It has compiled everything you need to know about Star Union Dai-Ichi life insurance alternatives in one place so that it is easy for you to find out which one is best suited for your needs and budget.